Programmable rate markets

Rates move.
Your costs don't have to.

Hedge borrow rates, gas fees, and yields with fully collateralized markets. No margin calls. No liquidations. Ever.

Every onchain position lives on a rate.

Borrowing, staking, settling, farming — each one quietly depends on a number you don't control.

9.8% → 14.2%

Borrow APR spiked

Aave USDC borrow cost, one volatile week.

18 → 61 gwei

Gas tripled overnight

One hyped mint, and every settlement got expensive.

5.1% → 3.4%

Yield quietly decayed

A vault's staking yield drifted down for two months.

So draw a line.

Pick the level you never want to pay beyond. If the rate finishes past your line, the market pays you back.

coveredcap 4.2%

If the rate finishes above 4.2%, your hedge pays.

Drag the line — or use arrow keys. This is the whole product.

Three steps. No fine print.

01

Pick a rate

Gas fees, lending APR, staking yield, RWA benchmarks — any rate an oracle can observe.

02

Set your boundary

A cap, a floor, or a range — the payoff curve is fixed when the market is created and never changes.

03

Settle by oracle

At maturity the oracle reports the realized rate. Collateral splits between the two sides — fully prefunded, no counterparty risk.

Why it's calm here.

Fully collateralized

Every market is prefunded before it exists. The maximum payout is escrowed up front — solvent by construction.

No liquidations

Payoffs are bounded, so there are no margin calls, no forced closes, and no socialized losses. You can't lose more than you put in.

Deterministic settlement

An immutable payoff curve and a committed oracle methodology. Settlement is arithmetic, not a judgment call.

Prefer the math? Read the technical whitepaper.

Markets are live right now.

Real boundaries on real rates — gas, borrow costs, yields, and more, each one fully collateralized.

Cap My Aave USDC Borrow Rate
YES45c
NO55c
Rates$181K vol
Protect Against Arbitrum Gas Spikes
YES50c
NO50c
Gas$96K vol

The markets are open.

Pick a rate. Draw your line. Settle by oracle.

Launch app