Hedge in-rangeimpermanent loss.
Pay a fixed premium, transfer the in-range IL risk of your Uniswap v3 position. Paid your realized IL at expiry — capped at MaxIL.
How it works
Three pillars.
On-chain FairValue
An exact closed-form Φ-sum prices every hedge on-chain — no oracle guess, no fitted curve. The fair price is public.
cvAMM pool
An always-on, signature-free pool quotes off the published FairValue. No matcher, no counterparty to find.
MM competition
Sophisticated market makers post firm quotes that undercut the pool. The router always gives you the cheaper of the two.
The guarantee
Two things, never confused.
No bad debt in FULL mode. Your payout never exceeds the collateral, which equals MaxIL.
Depositors and market makers absorb crash losses up to MaxIL per position. Junior is first-loss.
What you do
Three doors.
The data moat
The vol-risk premium, on-chain.
The first public view into the microstructure of the DeFi LP volatility-risk premium — clearing load over a transparent σ_ref, the pool-vs-MM spread, term structure, and net gamma. Free, and it exists nowhere else.