Kriya

Kriya is building institutional grade infra for on-chain trading. The current suite includes - an in-app bridge, an AMM swap and a fully on-chain orderbook for 20x perp trading.

     

    Kriya is a DeFi project focused on building sophisticated infra for trading derivatives on-chain. The core problems we aim to solve via our products are: – Capital Inefficiency – Inaccurate Price Discovery – Fragmented Liquidity – Disproportionate Custodian Risk

    We’ve built 2 products so far:

    KriyaDEX is an orderbook based DEX for trading perpetuals with 20x leverage and minimal latency (achieved TPS ~100 on devnet, package in top 10 by #txns) KriyaSwap is an AMM for spot trading (Used by 10k wallets on devnet)

    Our vision is simple yet very focused : Be as good as BitMex/Binance but on-chain:

    • Grossly improve DeFi Derivatives UX, multiple order types, multiple product types
    • Aggregate liquidity : Orderbook LPing just like AMMs, Basis Yield Vaults
    • Integrate with UNIDEX-like perp aggregators in-app to bring cross-chain liquidity
    • Release options DEX (on the same OB or a single-writer auction infra)
    • See if our OB tech is good enough to be outsourced across Sui protocols (could be Sui SERUM) / Make it faster with ZK proofs somehow
    • Using perp and options DEX as backend, build advisory vaults (mostly not for retail but DAO treasuries, concentration risk with own token is an open problem)
    • Cross-chain margin account (like a superior gearbox)