MERPS
Open
anymarket
Perpetuals and options, settled in ETH. Long or short meme coins and tokenised stocks up to 5x, buy calls and puts from one hour to a week, or list a market yourself.
Prices come from the live pools. Every fill, payout and withdrawal is priced on the server, never from anything your browser sends.
Built on:
Robinhood Chain
ETH settled
Up to 5x
1h to 7d options
List any token
No sign-up
About MERPS
Every venue picks your markets for you. The coin you actually want is not listed, the stock is on a different app, options are somewhere else again, and the thing you launched this morning is nowhere at all. So you sit on your hands and wait for somebody to list it.
MERPS lets you open the market instead. Meme coins and tokenised stocks trade here at up to 5x, calls and puts run from one hour to a week, and anything with a live pool can be listed for 0.05 ETH plus the liquidity that backs it. You deposit ETH, the house takes the other side, and every payout is priced on the server.
5x
Leverage on meme coins and tokenised stocks. Pairs listed by users trade at 2x.
10
Times your notional is the most a single call can pay. Contracts settle in ETH, in cash.
2
Ways to open a market: list a token that already trades, or launch a new one here.
List it.Tradeit live.
Four parts, one engine. Perpetuals, options, the pricing model and the listings all read the same market data, so what you see quoted is what the server settles you at, to the wei.
01
01
Perpetual markets
Perpetual markets
Long or short any listed market with ETH margin. Meme coins and tokenised stocks go to 5x, pairs listed by users to 2x. The margin you post is the whole risk: nothing can take more than that.
- ETH margin, ETH settlement
- 5x meme coins and stocks
- 2x on user listed pairs
- 0.005 ETH minimum size
02
02
Options book
Options book
Calls and puts on the same markets, cash settled in ETH. Premiums are priced with Black-Scholes off the live spot, and you can sell back to the house any time or leave it to settle at expiry.
- One hour to seven days
- Calls and puts, nine strikes
- The premium is the max loss
- Expiries swept automatically
03
03
Execution model
Execution model
Quotes come from the live pools, with Chainlink feeds behind the tokenised stocks. Entries, marks and settlements are all priced server side, so nothing your browser sends can move a balance.
- Live pool prices
- Chainlink feeds for stocks
- Balances move inside a row lock
- Liquidations swept continuously
04
04
Your listing
Your listing
Any token with a live pool can be a market here. You pay the listing fee and post the liquidity that backs payouts, so your pair can never owe more than the pool you funded holds.
- 0.05 ETH listing fee
- 0.05 ETH minimum liquidity
- This chain or Solana, incl. pump.fun
- Or launch a new token here
How it works
Steps
Five steps from a wallet to an open position. Connect, deposit ETH to the treasury, and your desk balance is credited once the transfer is read back off the chain. Pick a market, post margin or buy a premium, and close whenever you like. Withdrawals go back to the same wallet.
How it works
Withdraw
0505
Five steps from a wallet to an open position. Connect, deposit ETH, and your desk balance is credited once the transfer is read back off the chain. Pick a market, post margin or pay a premium, and close it whenever you like. Withdrawals go back to the same wallet.
Verified
0101
Every number that moves a balance is fetched on the server. The browser asks for a side and a size, nothing more. Entry, mark and settlement prices come from the pools, and each balance change runs inside a database row lock that refuses to go negative.
lib/engine/prices.js
The pricing engine, verbatim
Network
Robinhood Chain, 4663
Settlement
ETH, cash settled
Trade it, or list it yourself