What is Efficacy?

Efficacy Labs is building the internet’s native infra for trading and settlement of sophisticated derivative products on-chain We have 3 core offerings

Kriya DEX

  • This is a decentralised exchange for trading under-collateralised derivatives

  • Kriya is a CLOB-based DEX built on the Sui blockchain. This allows for very low latency trading with negligible gas.

  • We'll start off with perps and European cash (~stablecoin) settled options

  • We'll introduce cross-margining once we've scaled to enough liquidity

Dhan Vaults

  • These are baskets of options strategies meant to generate yield in different market circumstances

    • Volatility Yield

    • Hedging Long Term Holdings

    • Passive Income via Time decay

  • These strategies are executed on the Kriya DEX as well as via Chakra auctions

  • Execution code is deterministic and governed by the Quant DAO

Chakra SDK

  • Web2 compatible API suite to access the efficacy ecosystem

  • Traders can use the API to algotrade on the Kriya DEX

    • Fiat on-ramps + custodianship features provided by partners embedded within the SDK

    • You can seamlessly bridge collateral from EVM chains using the inbuilt mirroring feature and use it as margin for trades on Kriya

  • Institutions can use the Chakra SDK for Creation, Margining and Settlement of custom payoff structures (Cross-chain Clearing House)

    • All derivatives minted via Chakra will be fully collateralised

    • Fixed loss spreads can be minted and auctioned too

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