Volatility market · Robinhood Chain
Trade the size of the move. Not the direction.
Go long or short the volatility of NVDA, TSLA, AAPL and the rest of the tokenized equity list. Settlement adds up how far the price travelled each hour, so a stock that ends the week exactly where it began can still pay out.
| # | Ticker | Name | Spot | Depth |
|---|
A market exists where a deep pool does.
Volatility has to be measured against something. Tremo only lists a name whose Uniswap v4 pool is deep enough that an hourly mark means something.
Spot is read straight out of the pool every time this page loads, and the same read is what the contract records once an hour. Nothing on this page is typed in by hand.
Two views of the same noise.
A contract is one trader who thinks the coming days will be loud and one who thinks they will be quiet. Each posts the most they could lose, and the contract holds both until it has enough marks to decide.
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001 / Long volatility
For a week with something in it: earnings, a verdict, a product event, or a chart that has gone too quiet for too long. You need the moves to come in bigger than the strike. Whether they go up or down is not your problem.
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002 / Short volatility
The mirror image. You are paid what the other side will spend for protection, and you keep it if the week turns out to be an ordinary one. Dull is the trade.
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003 / Settlement
When the term ends, the contract takes the hourly prices it has been recording, works out the realized volatility, and moves the difference from one escrow to the other. The inputs are marks anyone could have read off the pool themselves, so there is nothing left to argue.
Realized volatility, against your strike, in vol points.
Size a position in USDG per vol point. The band caps the transfer in both directions, so the escrow each side posts at open is exactly what it can lose.
One week of NVDA, from both chairs.
Strike vol points, sized at USDG per point, with a point band. Each side escrows USDG and that is the most it can lose.
Arithmetic on the inputs above, not a forecast. A real strike is whatever the other side will agree to.
| Settles at | Long vol | Short vol | What happened |
|---|
The ones that come up first.
001The stock jumps 30%. Do I win?
If you are long volatility, yes, and a 30% drop would have paid the same. Every hourly return is squared before it is summed, which throws the sign away. What you are exposed to is how big the moves were and how many of them there were.
002How is this different from a straddle?
A straddle pays on where the price finishes. A violent week that closes flat leaves a straddle worth nothing even though the violence you predicted showed up. Tremo settles on the path itself, which is what you were actually betting on.
003Can I lose more than my escrow?
No. The band caps the transfer at both ends and each side escrows that cap before the term begins, so the contract never has to chase anyone for money. There is no margin call to miss.
004What if someone shoves the pool right before a mark?
A volatility built from squared returns punishes that twice. Moving the price costs slippage, and the move plus its unwind are two big returns that raise realized volatility, which is the opposite of what a short-vol manipulator wants. Marks are hourly, taken from a pool with a depth floor, and a thin hour carries the previous mark forward instead of printing a bad one.
005Is it live?
The prices are: they are read from the Uniswap v4 PoolManager on Robinhood Chain every time the page loads. The contract source is in the repository with its tests. Whether a deployed address is wired to this desk is shown on the desk itself and in the docs.