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