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Nado
A unified spot, perps and margin lending book on Ink, built by former Kraken engineers on a Vertex-lineage stack. One cross-margin account backs every product.
$76.85M
Open interest
$200.37M
24h volume
68
Live markets
1m ago
Last refresh
polled live
Mechanics
How it works
Orders match on a central limit order book with settlement on Ink. Because spot, perps and lending share one margin account, collateral posted as spot can back a perp position directly. The perpetual mark is a time-weighted average of Nado's own book over the funding interval rather than an external oracle print, so the mark reflects on-chain activity. Funding accrues hourly but is quoted by the archive as a daily rate.
Risk
What to watch
The mark price is derived from Nado's own order book rather than an external oracle, which ties liquidation prices to local liquidity: a thin book moves the mark that liquidates positions on it. Ink is a young L2, so sequencer availability is a live dependency. Cross-margin means a loss in one product can liquidate collateral supporting another.
Markets
What Nado lists
Deepest first.