High volatility tokens
High volatility tokens
Leverage? Liquidated.
Options? None.
LPs? Everywhere.
Vexi. Options backed by LPs.
Calls and puts on memecoins. Built on Robinhood Chain.
Leverage.No liquidation price.
Calls and puts on memecoins and test Stock Tokens. The most you can lose is what you paid.
A perp gets liquidated.
One wick breaks the perp’s margin. The option stays: its seller’s collateral is already locked in full.
The most you can loseis what you paid.
You see the price and its fee before you buy. That total is your worst case: no margin, no margin call, no liquidation price.
| Coin | AI, a memecoin, at 0.0583 USDG |
|---|---|
| Option | Call, strike 0.06 |
| You pay | 0.000583 USDG, plus its fee |
| If AI ends at 0.072 | About 0.17 AI, worth about 0.012 USDG |
| If AI ends at 0.06 or below | You lose the 0.000583 USDG and its fee, nothing more |
The further it runs your way,the more you earn.
Up for a call, down for a put. Your loss stops at what you paid.
The pot is a pool's pair: any coin with a Uniswap pool, and the cash it trades against.
One pot. Every strike and expiry.
A vault takes one deposit, a coin and cash. Until someone buys, it sits in a Uniswap v4 pool. From that one pot the vault quotes calls and puts at every strike and expiry, all at once.
1 contract = 1 MEME. A call locks 1 MEME. A put locks its strike in USDG.
MEME is an example coin. USDG is a dollar stablecoin.
1 contract = 1 MEME. A call locks 1 MEME. A put locks its strike in USDG.
MEME is an example coin. USDG is a dollar stablecoin.
20 of Put 90 sold. 1,800 USDG leave the pool and are locked for that buyer. Every put on this expiry can now sell less (cash ÷ strike). The calls don’t move: a put locks cash, not coin.
One buy lowers what every strike on its side can sell, because one pot backs them all.
What a vault is paid, and what it owes.
A Uniswap LP already sells the coin as it rises and buys it as it falls. That is an option seller’s kind of risk, paid today in swap fees alone. In a Vexi vault, each dollar of the pot is in one place at a time.
| Where the dollar is | What pays it | Depends on | Paid when |
|---|---|---|---|
| In the Uniswap v4 pool | Swap fees | Trading volume | Only while the price is in range |
| Locked behind a sold option | That option’s premium | Volatility | When the option sells |
Owes The payout on every option it sold, from the collateral locked behind it.
No dollar earns both at once. No return is promised. Withdrawals can wait until open options expire.
Launch a coin.Open a market.
Any coin with a Uniswap pool can get calls and puts.
Your liquidity. Your options market.
Testnet
Memecoin and Stock Token markets, live on Robinhood Chain testnet. Anyone can open a vault on them; its capital sits in Uniswap v4.
Mainnet
Robinhood Chain, after an external audit. A capped launch first.
Fables pools
Options on the tokens LPs hold in Fables, a DEX on Robinhood Chain.
AI agents
Hedges, structured products and arbitrage, through an agent SDK. The worst case is known before every trade.
Fully permissionless
Anyone lists any token.
Every token with LPs gets its own options market.