PrismPerp Mainnet is officially live on Robinhood Chain.  The infrastructure for non directional crypto derivatives is now open for production trading. You can now trade implied volatility via C-VIX and cross venue funding rate differentials viaFR-BASIS with deterministic upfront escrow, an 8x hard payout cap, and no socialized haircut risk.  The web terminal is fully equipped with dynamic margin adjustments, partial closes, on-chain Stop Loss and Take Profit orders, and complete CSV ledger exports. For algorithmic traders and market makers, our public developer SDKs in Python, TypeScript, and Rust are live alongside streaming WebSocket and REST APIs. Real yield staking and automated buyback and burn mechanics are active from block zero. From architecture design to audited and hardened contracts, the venue is live. Start trading: prismperp.trade Developer Docs & SDKs: prismperp.trade/docs/api

The more $PRP ships, the clearer the bigger thesis becomes. PrismPerp launched with C-VIX and FR-BASIS, but the tech was never limited to a few niche crypto markets. Contracts v2 introduced a modular Market Registry, meaning new derivative markets can potentially be added without redeploying the core contracts. Now they're actively exploring: RWA volatility Interest-rate spreads Macro basis markets More Robinhood Chain-native derivatives At the same time, they're building around quant desks and market makers with Python, TypeScript and Rust SDKs. This is where it gets interesting. More markets → more liquidity → more volume → more fees → $PRP staking yield + buybacks/burns. Crypto vol and funding were the starting point. If Prism can scale this into a broader derivatives infrastructure layer, the real product isn't C-VIX or FR-BASIS. t's the engine that creates the markets. $PRP

Launching with C-VIX and FR-BASIS proved that our deterministic escrow vaults, oracle dampeners, and keeper settlement quorums work under real conditions. But the architecture was never designed to stop at two crypto indices.  Our immediate post-mainnet horizon centers on scaling the market catalog. Because Contracts v2 decoupled execution from state via our modular Market Registry, introducing new derivative pairs requires zero contract redeployments. We are actively exploring volatility surfaces for tokenized real-world assets (RWAs), interest rate spreads, and macro basis markets native to the Robinhood Chain ecosystem.  In parallel, we are working closely with quantitative trading desks and algorithmic market makers to deepen on-chain liquidity. We are optimizing our low-latency WebSocket infrastructure and expanding our native Python, TypeScript, and Rust SDKs to make programmatic execution as seamless as centralized venues. Every new market connected to the clearinghouse feeds directly into the same closed economic loop: more settlement volume, increased protocol fee accrual, and accelerated real-yield distributions and buyback-and-burns for $PRP. The foundation is in production. The next phase is scaling the markets. Track upcoming releases: prismperp.trade/roadmap

Mainnet is going live today. Appreciate all the support getting us to this point.

Mainnet readiness update: We are officially halfway through our launch preparations. The team has been working through the operational requirements for deployment: • Liquidity & Keeper Orchestration: Active calibration of automated keeper nodes and gas draw schedules for settlement feeds. • Venue & Gateway Connectivity: Final configuration of RPC routes, relayer infrastructure, and paper to production failover paths. • Staging Drills: Multi-sig signers running dry runs of protocol parameter updates, timelocks, and emergency pause procedures. The core contracts remain frozen and audited. We are deliberately moving step by step through the remaining operational pipeline to ensure zero friction on day one. More updates as the remaining milestones lock in. Track the roadmap: prismperp.trade/roadmap

Instead of guessing price direction, PrismPerp lets you trade the actual risk behind the market volatility and funding-rate spreads. Here is what is under the hood: C-VIX 30D: Trade 30-day implied volatility calculated directly from Deribit and Derive option surfaces. FR-BASIS: Capture funding rate spreads across venues (Lighter vs. Binance & Hyperliquid), accrued by the second. Solvency Protection: Built with an 8x max payout cap reserved upfront, quadratic skew fees, and an on-chain oracle dampener to prevent manipulation. Smoother UX: Browse without connecting a wallet, settle on-chain in USDG, and use session keys so you don't have to approve every single trade. Full SDKs available in Python, TypeScript, and Rust.

Most traders don't lose money because they were wrong about the market moving. They lose money because they were forced to pick a direction. When a major catalyst hits, you know volatility is coming. But expressing that through directional perps means you have to get four things right simultaneously: 1. The direction of the breakout 2. The exact timing of the expansion 3. Avoiding liquidation wicks during chop 4. Exiting before the mean reversion Get three right and miss one? You still get wiped out. That’s why non directional derivatives exist. Trading implied volatility ($C-VIX) and cross venue funding spreads ($FR-BASIS) strips out the directional coin toss entirely. You stop guessing whether green or red candles print first and start trading what actually matters: regime shifts and magnitude.  Directional exposure is a bug when all you want to trade is the move itself.

Milestone reached: Audit and Security is officially Shipped. After a thorough validation period, all security criteria have been met, verified, and signed off ahead of our mainnet deployment: • Audit Sign-Off (SECURITY.md): Contracts at tag contracts-v2 (commit cceba7e) have been signed off by the auditor, with Slither results triaged and bytecode verified on-chain. • Multi Engine Invariant Fuzzing (Invariants.t.sol): Over 16.3M total calls executed across dual fuzzing engines (Foundry: 14.33M calls over 2,048 runs; Medusa: 2.00M calls) with all seven core protocol invariants holding without breach. • Public Bug Bounty Live: Official bug bounty program covering contracts, relayer, and frontend published at prismperp.trade/security with clear private disclosure paths and safe harbor terms. • KMS Signer Migration (relayer/chain/kms.ts): Keeper, settler, liquidator, and oracle signers fully isolated inside AWS KMS signing transactions byte for byte without private keys ever touching server environments. • Drilled Incident Runbook: Emergency response procedures successfully verified on live forks drilling 3s position pauses, 1.3s withdrawal halts, and keeper revocation flows. What Comes Next With security verification cleared, 100% of our engineering focus shifts to the Mainnet deployment. Mainnet preparation requires meticulous coordination, operational sequencing, and liquidity scaffolding. It will take time to roll out responsibly, but we will be sharing smaller operational updates and behind the scenes progress as each component locks in place. Stay tuned as we prepare to bring non-directional derivatives to Robinhood Chain. Full security documentation: prismperp.trade/security Roadmap: prismperp.trade/roadmap

Since launching $PRP, engineering has stayed heads down turning non directional derivatives into verified infrastructure on Robinhood Chain.  Here is what has shipped and been verified so far: • Deterministic Solvency: 8x hard payout cap and upfront escrow reservation in ⁠PrismPerpVault.sol⁠ eliminating ADL and socialized haircuts. • Oracle Dampener: 20% single block EMA clamp with dual venue failover across Derive and Deribit. • $PRP Utility Suite: Shipped zero-emission staking (⁠PrismStaking.sol⁠), programmatic buyback & burn (⁠PrismFeeRouter.sol⁠), and timelocked governance. • Terminal & Dev SDKs: Live UI for margin top-ups, partial closes, and on-chain TP/SL, backed by official Python, TypeScript, and Rust SDKs (⁠@prismperp/core⁠). • Contracts v2: Modular Market Registry (⁠PrismTypes.sol⁠), keeper quorums, emergency fallback settlement, and lockstep execution parity.  Current Phase: The codebase is frozen at ⁠contracts-v2⁠. We are actively running millions of invariant fuzzing runs, configuring isolated KMS signers, and undergoing external security review before opening mainnet deposits.  Nonstop execution from day zero. Track progress: prismperp.trade/roadmap

Good morning. Thanks for all your comments and feedback. We’re paying attention. We’re here for the long haul. Currently focused on audit and security, making sure everything is properly tested and secured before moving forward. Thanks for your patience and support. More soon.

Update on our current phase: Audit and Security.  This phase is naturally demanding more time than our prior sprints. Running millions of randomized state transitions across secondary fuzzing engines and executing incident runbooks with real signers takes meticulous validation. When it comes to protocol solvency, we move deliberately.  For those asking in the replies about contract repositories and GitHub links: The core contracts are currently under formal evaluation with our independent security firm. To preserve audit scope and prevent branch fragmentation, contract source files will be fully open and verifiable alongside the published audit report at completion.  If you are looking to build, integrate, or inspect the integration surface, our client packages and API suites are fully accessible right now:  Official typed SDKs (⁠@prismperp/core⁠) available across Python, TypeScript, and Rust Streaming WebSocket feeds for real-time volatility and funding indices Full REST documentation for session keys and order lifecycle management  Thank you for your patience as we ensure every invariant holds.  Explore the SDKs & Docs: prismperp.trade/docs/api

Contracts v2 is frozen, and we are entering the final gate before Mainnet: Audit and security. Before real money is deposited, every line of code and operational touchpoint must be battle-tested: Independent External Audit: Comprehensive review of our tagged commit, requiring regression tests for every finding. Deep Fuzzing Campaigns: Testing our 5 core invariants over millions of calls using dual fuzzing engines. Pre-Deposit Bug Bounty: Tiered reward pool live prior to initial capital onboarding. KMS Signer Isolation: Keeper/settler keys managed strictly via hardware/KMS modules with automated rotation. Incident Response Rehearsal: Validating emergency pause response times with real Safe multi-sig signers. Roadmap tracking: prismperp.trade/roadmap

Some people in the community have been talking about expanding PrismPerp beyond our initial markets asking why we should stop at crypto volatility (C-VIX) and funding rates (FR-BASIS) when the same infrastructure could settle markets for yield spreads, interest rates, tokenized baskets, and real-world asset (RWA) data derivatives. Here is our perspective on that: The architecture can absolutely do it. In Contracts v2, we decoupled execution from state configuration via our Market Registry (⁠PrismTypes.sol⁠). The clearinghouse, keeper quorums, dynamic skew engine, and upfront escrow vaults don't depend on the underlying asset being crypto. As long as external data can be verified through oracles and dampened against manipulation, the engine can create and settle a market for it. Opening the rails to multi-asset data indices would also scale the entire economic loop: more markets drive higher settlement volume, which routes more trading fees directly into USDG staking distributions and systematic $PRP buybacks and burns.  It is an interesting direction, and we are giving it serious consideration. However, we are not introducing new markets right now. Our priority is shipping mainnet cleanly and safely. Once our core contracts are audited, testnet rehearsals are complete, and mainnet is live with battle-tested crypto vol and basis pairs, expanding into broader data and RWA derivatives is on the table.  Roadmap tracking: prismperp.trade/roadmap

Update complete: Contracts v2 is officially Shipped. All core contracts needed for mainnet are complete, hardened, and verified:  • Advanced Order Tooling: Native margin additions, partial closes, and oracle verified on-chain TP/SL • Decoupled Market Registry: State driven market configs deploy new assets without bytecode migrations • Resilient Solvency: Keeper quorum median pricing + permissionless emergency exit settlement • Granular OI Caps: Strict programmatic exposure limits per account and per index • Testnet Parity: 100% balance reconciliation between the off-chain matcher and on-chain contracts  With >95% invariant coverage, green Slither checks, and testnet redeployment complete, the commit hash is officially frozen for external audit.  Track the roadmap: prismperp.trade/roadmap

Next roadmap phase: Active development on Contracts v2. With our timelocked governance and fee router modules already shipped and rehearsed, we are building out the final contract layer ahead of formal audit: • Advanced Position Engine: Dynamic margin top ups, partial closes with pro rata escrow returns, and on-chain TP/SL signed in advance. • Decoupled Market Registry: State driven market configurations (leverage, feed interfaces, risk limits) without proxy redeployments. • Solvency & Oracles: Keeper quorums taking the median across independent feeds, paired with permissionless emergency settlement fallbacks. • Account & Market OI Caps: Programmatic open-interest limits per market and per trader. • Lockstep Verification: Automated differential test suites matching paper venue execution directly against on-chain balances. Once test suites cross >95% invariant coverage and Slither checks pass clean, the codebase freezes for external audit. Track the build: prismperp.trade/roadmap

Update: Terminal and API is live on PrismPerp, delivering the core developer rails for non-directional derivatives.  Alongside on-chain position management and portfolio CSV accounting, this release centers entirely on our Public Developer SDKs:  Native Typed Libraries: Official packages live across Python, TypeScript, and Rust ready for algorithmic strategies from day one. EIP-712 Session Signing: Deterministic, low latency off-chain intent creation paired with on-chain batch settlement. Low-Latency Streaming: WebSocket endpoints providing continuous real-time feeds for C-VIX, FR-BASIS, and account margin health. Complete Endpoint Coverage: Versioned REST routes covering the entire settlement, position, and escrow pipeline.  If you are deploying market making bots or programmatic basis arbitrage, the SDKs are ready to install.  Watch the demo below API Reference & SDKs: prismperp.trade/docs/api Trade: prismperp.trade

Following the completion of our $PRP Utility milestone,Our focus has immediately shifted to the next phase: Terminal and API. Work has begun across both the frontend trading components and programmatic access infrastructure: Position Tools: Native margin adjustments, partial closes, reduce only routing, and on-chain TP/SL directly from the order ticket. Margin Alerts: Push warnings as open positions near maintenance margin boundaries. Portfolio Reporting: Comprehensive CSV data exports covering all historical fills, closes, and ledger transitions. Public API & SDK: Fully typed ⁠@prismperp/core⁠ client alongside streaming endpoints for programmatic market participants. Contracts v2 tooling is currently being integrated into the staging venue ahead of testnet deployment. Full specifications: prismperp.trade/roadmap

Milestone update: $PRP Utility contracts are fully written, rehearsed, and marked Shipped. Pulled forward by community request, all four core value accrual and governance modules have completed local chain integration suites: Staking (⁠PrismStaking.sol⁠): • Real fee sharing funded entirely by trading activity, zero emissions (the token has no mint function). • Half of each buyback is streamed continuously across 24 hours rather than paid out atomically in the landing block, preventing MEV front-running by last-second stakers. • Rehearsed: Stakers successfully split distributions proportionally by stake weight and duration while principal balances remained untouched. Buyback & Burn (⁠PrismFeeRouter.sol⁠): • Programmatic execution in the $PRP pool on a public, transparent on-chain schedule. • Exactly half of each scheduled buy is routed to ⁠0x...dEaD⁠ and burned, with the remaining half streaming to stakers. • Rehearsed: Out of spec venues rejected; budget has zero path to external admin wallets. Governance (⁠PrismTimelock.sol⁠ + Gnosis Safe): • Community votes on oracle venue weights, dampener coefficients, and listings. • Rehearsed: Contracts queued through public timelock delays where emergency pauses remain immediate but parameter modifications enforce execution windows. Keeper Subsidy (⁠PrismFeeRouter.sol⁠): • Self sustaining infrastructure. Keepers pull their gas allocations on demand according to governance assigned weights. • Pull based accounting ensures an offline keeper cannot halt settlements or delay payouts to other active keepers. Verify the updated roadmap: prismperp.trade/roadmap

A random post tapping into the underlying trading thesis: why trading pure volatility beats fighting directional chop: Stop betting on direction when all you really care about is the move. Most traders get chopped up not because their read on volatility was wrong, but because they picked the wrong direction to express it: Go long before a CPI release or major unlock? A wick wipes out your stop before the pump. Try to hedge with standard perps? You’re paying funding bleed while directional noise eats your margin. $C-VIX isolates pure vega: Long or short pure implied volatility with zero spot delta exposure. If variance expands, your position pays out regardless of which direction the market breaks. Trade the chaos, not the coin. Powered by deterministic escrow on Robinhood Chain. prismperp.trade

Accelerating our roadmap based on community demand: $PRP Utility is up next. Originally scheduled for a later cycle, we are pulling the fee routing and staking layer forward to give the community full transparency into protocol value accrual: Zero-Emission Staking: Real USDG yield paid entirely out of platform trading fees not diluted token printing. On Chain Buybacks: Automated fee router purchases and burns executed openly on a fixed schedule. Timelock Governance: Community voting on oracle weights, dampener thresholds, and new index listings. Keeper Subsidy: Gas for keepers and oracle settlement funded by real fees, not a treasury pool. Full specifications: prismperp.trade/roadmap