@prismperptrade

PrismPerp Mainnet is officially live on Robinhood Chain. The infrastructure for non directional crypto derivatives is now open for production trading. You can now trade implied volatility via C-VIX and cross venue funding rate differentials viaFR-BASIS with deterministic upfront escrow, an 8x hard payout cap, and no socialized haircut risk. The web terminal is fully equipped with dynamic margin adjustments, partial closes, on-chain Stop Loss and Take Profit orders, and complete CSV ledger exports. For algorithmic traders and market makers, our public developer SDKs in Python, TypeScript, and Rust are live alongside streaming WebSocket and REST APIs. Real yield staking and automated buyback…

Milestone reached: Audit and Security is officially Shipped. After a thorough validation period, all security criteria have been met, verified, and signed off ahead of our mainnet deployment: • Audit Sign-Off (SECURITY.md): Contracts at tag contracts-v2 (commit cceba7e) have been signed off by the auditor, with Slither results triaged and bytecode verified on-chain. • Multi Engine Invariant Fuzzing (Invariants.t.sol): Over 16.3M total calls executed across dual fuzzing engines (Foundry: 14.33M calls over 2,048 runs; Medusa: 2.00M calls) with all seven core protocol invariants holding without breach. • Public Bug Bounty Live: Official bug bounty program covering contracts, relayer, and front…

Good morning. Thanks for all your comments and feedback. We’re paying attention. We’re here for the long haul. Currently focused on audit and security, making sure everything is properly tested and secured before moving forward. Thanks for your patience and support. More soon.

Milestone update: $PRP Utility contracts are fully written, rehearsed, and marked Shipped. Pulled forward by community request, all four core value accrual and governance modules have completed local chain integration suites: Staking (⁠PrismStaking.sol⁠): • Real fee sharing funded entirely by trading activity, zero emissions (the token has no mint function). • Half of each buyback is streamed continuously across 24 hours rather than paid out atomically in the landing block, preventing MEV front-running by last-second stakers. • Rehearsed: Stakers successfully split distributions proportionally by stake weight and duration while principal balances remained untouched. Buyback & Burn (⁠PrismFe…

Production update: Shipping our first hardening cycle off the PrismPerp roadmap. This release moves our current stage to 7/8 complete across infrastructure and settlement: • Infrastructure: Zero downtime relayer failover, active heartbeat monitoring, and automated watchdog telemetry. • Data & Execution: Rebuilt multi venue FR-BASIS historical candles (2,200+ per market) and strict rate limiting across trade endpoints. • Solvency & Spec Parity: Architecture specifications fully reconciled with on-chain risk, dampener, and carry mechanics. • Tooling: Full CI integration covering end to end browser execution, contract suites, and Slither static analysis. Full walkthrough of the hardened produc…

The PrismPerp roadmap is officially live on the interface: We structure our development around verifiable criteria rather than speculative dates: • Shipped & Running: Live C-VIX 30D variance index across Deribit surfaces, multi-venue funding rate feeds (Binance, Hyperliquid, Lighter), and our paper test venue. • Next Contracts v2: Dynamic margin top ups, partial closes, on chain stop loss/take profit, open interest caps, and keeper quorums before freezing code for audit. • Path to Mainnet: Rigorous audit coverage (>95% unit/fuzz/invariant), testnet rehearsal, mainnet launch, and $PRP utility activation. We’re eager to hear your input let us know if there’s anything y…

The Two Systemic Problems 1. The Vega & Basis Deficit (Lack of Pure Risk Primitives) DeFi has no native, capital efficient way to isolate and trade higher order risks without getting dragged down by directional exposure: Volatility is hostage to price: If you anticipate an explosive volatility expansion, taking a directional perp position exposes you to directional wipeout even if your volatility thesis was 100% correct. Fragmented funding spreads: Capital remains trapped across disparate venues because capturing structural funding rate basis spreads requires complex, multi leg manual operations exposed to execution lag, liquidation slippage, and unhedged basis risk. 2. The Toxic Skew Trap…

Introducing PrismPerp: Institutional Non-Directional Derivatives on Robinhood Chain. Directional perp venues suffer from toxic open interest skew, forcing liquidity pools into counterparty risk that triggers cascading liquidations during market shock events. PrismPerp financializes second order risk instead of price direction: * C-VIX: Continuous 30-day crypto implied volatility perps (pure vega, zero spot delta) ⁠ * FR-BASIS: Cross venue funding rate dispersion perps ⁠ * Execution: Sub second EIP-712 intent matching with batch on-chain settlement ⁠ * Risk Engine: On-chain 8x payout caps + dynamic skew borrowing reserves Built natively on Robinhood Chain (Chain ID: 4663).