Kerf is a first release and may still have small bugs. Our team is building it around the clock - follow updates and new features onEarly release - small bugs possible. Updates onx.com/UseKerf
Kerf
Permissionless0 tracked

Launch pad

Track a new token, graduate it into a vault once it has aged and its pool has depth, and trade the ones no perp venue lists yet on Kerf's own vAMM.

Tracked tokens

Track starts a three-day clock on chain. Graduate deploys a WETH-side CURVE vault with a 5 WETH cap. Neither call has an owner.

Graduated vaults

Every graduation is a VaultFactory clone with no admin. Deposit from the Yield account.

Nothing has graduated yet.

A token needs three days on chain and a pool deep enough to clear MIN_LIQUIDITY.

Pre-market perps

A constant-product vAMM priced off the token's 30-minute Uniswap TWAP times Chainlink ETH/USD. USDG collateral, isolated margin, 3x.

Pre-market perp markets
MarketMarkIndexBasisOI / cap (5x)Funding / 1hInsurance
No markets yet - create the first one below.

Create a market

The pool's observation ring must reach 60 before a market can be created; prepare(token, fee) grows it and anyone can pay for that. Open interest is capped at 5x the virtual depth.

My positions

My pre-market positions
MarketSideSizeEntryMarkEquity
Connect a wallet to see your positions.