Neap

List a market

Name the pool. Post the bond. Earn half the fees.

New market

New here? Try it with the demo pool: TIDE / USDC on Ref testnet, priced at about $2.50.

Tier

A Ref or Rhea exchange contract

USDC

Sent from your NEAR wallet and credited to your Neap wallet.

The pool must hold the token directly against USDC, with at least 1,000 USDC on the USDC side (10,000 for Major). The contract reads the reserves on-chain; the token itself never moves.

Long-tail terms

Max leverage
4x
Maintenance margin
15%
Min spread
20 bps
Pool depth needed
$1,000
Trading fee
5 bps
Your share
50%

Terms are fixed by the tier. A market starts as Proposed and goes active after its first fresh pool price passes the depth check. The keeper does both within a few seconds.

  1. Post the bond. You need 50 test USDC in your NEAR wallet; get it from the account menu.
  2. Wait for the market to turn Active on the Markets page.
  3. Add liquidity on Pools. A new market has an empty pool, so nobody can trade until it is funded.

Your proposed markets

Connect a wallet to see markets you proposed.