what's Nado?
Nado is an orderbook decentralized exchange (DEX) built on the Ink Layer 2 network. It fuses centralized exchange speeds, achieving 5-15ms latency in its matching engine, with DeFi's self-custodial security. Traders can access spot and perpetual futures markets through a unified cross-margin system that optimizes capital efficiency and provides deep liquidity. Developed by the team that built Kraken, Nado emphasizes on-chain execution with CEX-like performance, enabling seamless trading while maintaining user control over funds.
Nado, a derivatives protocol, opened public USDT0 deposits for yield on perpetual markets.
Links
x.com/nadohqListed among derivatives protocols in a DeFi ecosystem overview alongside DeriveXYZ, variational_io, and boros_fi.
Opens public deposits with a $20,000 cap per wallet and $10 million total cap on a first-come, first-served basis for USDT0 deposits that earn yield from vault strategies on Nado's perpetual markets.
Launched three forex perpetual trading pairs (EUR/USD, GBP/USD, USD/JPY) with up to 40x leverage.
Featured in a weekly airdrop catalogue alongside other DEX projects including edgeX, Backpack, and pear protocol.
Added WTI crude oil perpetual futures, JPYUSD, and EURUSD.
Partners with Zerion to distribute free public beta access through Zerion's explore page under Featured apps.
Added to Laevitas Perps Scanner, a derivatives tracking platform that monitors funding rates, open interest, and liquidations across venues.
Generated $2 million in trading volume on perpetuals platform over a 10-day period ending March 4, 2026.
Offers zero percent trading fees on its perpetual exchange platform.
Increased TVL cap from $2M to $4M on February 12, 2026, which was filled in less than 3 minutes.
Ends farming program fall 2026; holds TGE July-August 2026; offers airdrop early 2026 in INK.
Launched agentic trading product via CLI and MCP Server, supporting 40 terminal commands and 50 AI tools for perps, spot, and NLP. Integrated with Insilico Terminal for trading and listed in agentic trading landscape alongside Public and DonutAI.
Identified as one of the best perpetual DEXs to farm based on trading opinion.
Offers traders a choice of points, NFT, or fee refund; "Templars of the Storm" NFT holders receive VIP fee tiers: 0.033% (vs $5M volume), 0.030% (vs $25M volume), 0.028% + free maker (vs $100M volume).
Listed PENGU token for trading.
TVL trending upward across 1-day, 7-day, and 1-month timeframes
Described as looking decent but needing time to gain traction, characterized as a "chicken or egg situation" for adoption.
Added new perpetual trading pairs for XMR, XAUT, SUI, TAO, PUMP, and AAVE with unified margin, multiple collateral support, and up to 10x leverage.
Offers approximately 20 trading pairs, mostly major assets, on the perpetuals DEX.
During Private Alpha, the DEX achieves $19.7M TVL, $500M in daily volume, approximately $100K in daily fees, with over 1,300 unique users.
Listed among trending projects in the last 7 days according to KaitoAI smart following data.
Spreads, a DeFi protocol offering USDC vaults for market-neutral perp exposure, mentions nadoHQ as one of the non-token perp markets integrated into their vault system for passive yield and points farming strategies.
Achieved $1B perpetual futures trading volume in 10 days on the Ink chain.
Founded by former Kraken team members who deployed INK.
Kraken integrates equities trading through xStocks.
Raised NLP cap for its vault via NLP Cap Raise funding round.
Alpha users receive automatic ETH airdrops upon wallet connection to cover gas fees for bridging funds to Ink.
Multi-chain bridging capability powered by LiFi Protocol allows users to bridge in from multiple chains onto the perpetual DEX.
A trader announces taking a short position on the project as a hedge, comparing the trade confidence to shorting Bitcoin at $107k.
Farms 950,000 points weekly in private alpha for upcoming IPO; points, an L2 token airdrop from Kraken, convert to INK tokens at TGE. A 4x multiplier program ends 2026-04-03, and Week 10 snapshot occurs on 2026-04-10.
Opened private alpha farm for invited users with farming opportunities.
Launched alpha testing for silver perpetual futures trading as a CLOB DEX on Kraken's Ink Chain with 20x leverage, confirmed as one of two protocols for the INK airdrop.
Launched SPY, QQQ, META, GOOGL, NVDA, and TSLA perpetual markets, becoming the first perpetuals DEX to offer equity-based perpetuals. Offers up to 20x leverage, unified margin across spot, margin, and perpetual trading, and portfolio margin, accepting BTC, ETH, USDT0, and NLP as collateral; built by Kraken exchange alumni.
The project is part of the Ink platform ecosystem with multiple products going live, positioning it as one component of a larger development initiative.