BUILT ON CANTON NETWORK · TESTNET LIVE

Options without exposure.

Strike, expiry, size — sealed inside the contract. Your counterparty sees everything. The market sees nothing.

CANTON RAILS ▸ $100B+ DAILY UST REPO ▸ $4T+ MONTHLY TOKENIZED VOLUME ▸ NASDAQ SUPER VALIDATOR

SEALED PAYOFF · LONG CALL SPREAD

TESTNET

EXP •• ••• SIZE ••• PREM ••.•• MAX LOSS DEFINED ✓

SEALED FEED

ETHCALLK •••• · SZ ••• · EXP ••/••FILLED BTCPUTK ••••• · SZ •• · EXP ••/••OPEN CCCALLK ••• · SZ •••• · EXP ••/••FILLED SOLSTRADDLEK ••• · SZ ••• · EXP ••/••EXERCISED ETHPUTK •••• · SZ ••• · EXP ••/••FILLED wstETHCALLK •••• · SZ •• · EXP ••/••OPEN BTCPUT SPREADK ••••• · SZ •• · EXP ••/••FILLED CCPUTK ••• · SZ ••• · EXP ••/••OPEN ETHCALLK •••• · SZ ••• · EXP ••/••FILLED BTCPUTK ••••• · SZ •• · EXP ••/••OPEN CCCALLK ••• · SZ •••• · EXP ••/••FILLED SOLSTRADDLEK ••• · SZ ••• · EXP ••/••EXERCISED ETHPUTK •••• · SZ ••• · EXP ••/••FILLED wstETHCALLK •••• · SZ •• · EXP ••/••OPEN BTCPUT SPREADK ••••• · SZ •• · EXP ••/••FILLED CCPUTK ••• · SZ ••• · EXP ••/••OPEN

THE PROBLEM

Transparent chains leak your book.

On a public ledger, every position is a broadcast — and someone is always listening.

YOUR BOOK

K $3,400 SIZE 250 ETH EXP 25 SEP

FRONT-RUNNERS · COPY-TRADERS · LIQUIDATION HUNTERS

ONE POSITION · TWO WORLDS

POSITION #4021 {{ chipText }}

INSTRUMENTETH · CALL STRIKE{{ vStrike }} EXPIRY{{ vExpiry }} SIZE{{ vSize }} COLLATERAL{{ vColl }} TRADER{{ vTrader }}

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HOW IT WORKS

Privacy isn't a feature. It's the protocol.

Canton distributes contract data only to the parties named in it. There is no global copy to scrape.

01 — SEAL

Terms live inside the contract

Strike, expiry, size — stored only on the nodes of the parties involved.

METADATA ONLY

02 — VALIDATE

Consensus without disclosure

The synchronizer orders transactions without ever seeing the economics.

C ⇄ $

ONE ATOMIC TX

03 — SETTLE

Atomic, guaranteed, silent

Exercise and payment settle as one transaction. Nothing is broadcast.

WRITER Sees full terms

SEALED CHANNEL

BUYER Sees full terms

GLOBAL SYNCHRONIZER Sees: ordering metadata. Never: strike, size, expiry, collateral.

SELECTIVE DISCLOSURE

Grant auditors and regulators read access to your positions — without opening your book to the market.

THE PROTOCOL

Built for size that doesn't want to be seen.

Sealed strikes

Price your view without publishing it.

Invisible size

Build positions that never hit a public book.

Private expiries

No pin-risk games around a public date.

Unbroadcast margin

Cross-margin without inviting liquidation hunts.

Atomic settlement

DvP exercise in a single transaction.

Selective disclosure

Audit-grade proofs for whom you choose.

TOKENOMICS & FEES

Fees that reward usage, not speculation.

FEE SCHEDULE TESTNET PARAMETERS

Premium feeOn open, % of notional

0.03%

Settlement feeOn exercise, capped at 12.5% of premium

0.05%

Liquidation feeRouted to the insurance fund

1.00%

PAYABLE IN USDC OR CC · FINAL SCHEDULE SET BY GOVERNANCE

WHERE FEES FLOW

100% USAGE-LINKED

45%LP vaults

35%Insurance fund

20%Buyback & burn

SLD launches at mainnet — no pre-sale, no insider allocation. Earned by usage, the Canton way.

Get sealed early.

Testnet credits + priority LP vault allocation at mainnet. Cohorts onboard weekly.

✓ YOU'RE ON THE LIST Testnet credentials land in your inbox when your cohort opens.