Kyte is a non-custodial, fully collateralised options market. Sell covered calls and cash-secured puts, or buy options as transferable NFTs. No leverage, no margin, no liquidations.
Real tokens. Real offers.
What is trading on Robinhood Chain right now, and the options you can buy on Kyte this minute.
| Token | Category | Price | Holders | Volume · 24h | Swaps · 1h | |
|---|---|---|---|---|---|---|
 USDG Global Dollar | Stablecoin | $1 | 441,134 | $558.7M | … | 0x5fc5…d168 |
 WETH Wrapped Ether | Base asset | $2,241.01 | 600,193 | $320.5M | … | 0x0Bd7…AD73 |
 PONS Pons | Community | $0.225 | 104,988 | $25.1M | … | 0x39dB…4571 |
 CASHCAT Cash Cat | Community | $0.0902 | 113,810 | $5.7M | … | 0x020b…18b4 |
 AI Artificial Inu | Community | $0.0622 | 58,996 | $6.3M | … | 0x2E8c…1e18 |
 STONKBROKER StonkBroker | Community | $0.00661 | 44,481 | $1.9M | … | 0xe934…BF50 |
 BONER Boner Coin | Community | $0.0135 | 21,944 | $460.6K | … | 0x9809…1E18 |
 ORBIO Orbio.so | Community | $0.0235 | 15,709 | $1.3M | … | 0xAa07…28A3 |
 HOOKR Hookr.fun | Community | $0.0136 | 9,918 | $1.4M | … | 0x18E6…ff5c |
 PENGU Pudgy Penguins | Bridged | $0.00732 | 1,095 | $89.9M | … | 0x74BE…625f |
 VIRTUAL Virtuals Protocol | Bridged | $0.590 | 17,801 | $33.6M | … | 0xc691…9c31 |
 CBBTC Coinbase Wrapped BTC | Bridged | $77,193 | 10,983 | $375.3M | … | 0xCEC1…0Be4 |
 LINK Chainlink | Bridged | $11.38 | 326 | $442.4M | … | 0x4926…CE34 |
 NVDAON NVIDIA (Ondo Tokenized Stock) | Tokenized stock | $204.14 | 12 | $965.7K | … | 0xf1b9…a856 |
 TSLAON Tesla (Ondo Tokenized Stock) | Tokenized stock | $399.86 | 7 | $3.3M | … | 0xB197…4309 |
 SPYON SPDR S&P 500 ETF (Ondo Tokenized ETF) | Tokenized ETF | $762.65 | 6 | $1.4M | … | 0x533C…C62a |
Listings, fills and settlements as they land on chain. Every row is a real transaction.
| Event | Market | Amount | Strike | Premium | When | Tx |
|---|---|---|---|---|---|---|
| Loading… | ||||||
You are on the official Kyte app, connected to Elysium.
Every action here is a real transaction on Robinhood Chain. Start small, read the risks, and follow X for listings and parameter changes.
Options where every position is paid for up front.
Kyte is a peer-to-peer options market on Robinhood Chain, an Ethereum L2. Sellers lock the full collateral when they create an offer. Buyers pay a premium for the right to exercise. Nothing is borrowed, so nothing can be liquidated.
Locks ERC-20 tokens, sets a strike in ETH, an expiry and a premium.
Earns the premium. If exercised, receives the strike. Otherwise the tokens come back.
Locks the full strike in WETH, chooses the token, expiry and premium.
Earns the premium. If exercised, receives the tokens. Otherwise the WETH comes back.
Pays the premium and receives an Option NFT (ERC-721).
The right to exercise any time before expiry. The NFT can be held, transferred or sold.
Four steps. One direction.
Lock, fill, exercise or expire, then the fee split. Scroll and watch the collateral, the premium, the Option NFT and the fees move between seller, escrow, buyer and the fee vault, using a live offer from the chain.
The seller locks the tokens.
200,000 ZEPH move into the Kyte escrow. The offer is live with a strike of 10 ETH and a premium of 0.3 ETH. Nothing is sold naked: the contract holds the full amount until the option settles.
- Status
- OPEN
- Collateral
- 200,000 ZEPH
- Strike
- 10 ETH
- Premium
- 0.3 ETH
The buyer pays the premium.
0.3 ETH is paid up front: 0.291 ETH to the seller and 0.009 ETH (3%) to the FeeVault. The buyer receives an Option NFT, the right to buy 200,000 ZEPH for 10 ETH before expiry.
- Status
- FILLED
- Seller receives
- 0.291 ETH (97%)
- Fee vault
- 0.009 ETH (3%)
- Buyer holds
- Option NFT
In the money? The holder exercises.
The holder pays the strike of 10 ETH: 9.99 ETH to the seller, 0.01 ETH (0.1%) to the FeeVault. The escrow releases 200,000 ZEPH to the holder and the NFT is burned. No oracle, no counterparty risk.
- Status
- EXERCISED
- Holder pays
- 10 ETH
- Seller receives
- 9.99 ETH
- Fee vault
- 0.01 ETH (0.1%)
Out of the money? It expires.
After expiry anyone can call expire. The escrow returns 200,000 ZEPH to the seller, who keeps the 0.291 ETH premium. The holder's NFT is burned. Either way, the seller was paid for taking the other side.
- Status
- EXPIRED
- Returned to seller
- 200,000 ZEPH
- Seller keeps
- 0.291 ETH
- Option NFT
- Burned
Fees are split by code.
Once per epoch, anyone can call split. The 0.019 ETH collected goes 30% to $KYTE stakers (0.0057 ETH), 20% to buy $KYTE on Uniswap v4 and burn it (0.0038 ETH), 50% to operations (0.0095 ETH). The events are the proof.
- Fees collected
- 0.019 ETH
- $KYTE stakers · 30%
- 0.0057 ETH
- Buy & burn · 20%
- 0.0038 ETH
- Operations · 50%
- 0.0095 ETH
An OPEN offer can be moved to CANCELLED by its seller at any time before it is filled. EXERCISED requires the current time to be before expiry; EXPIRED requires it to be at or after expiry. The windows never overlap.
A covered call, end to end.
ZEPH is an example token used for illustration only.
Locks 100,000 ZEPH. Strike 5 ETH, premium 0.2 ETH, expiry 7 days.
Bob pays the 0.2 ETH premium and receives the Option NFT.
Bob pays the 5 ETH strike and receives the underlying tokens.
Built for traders who read the contract.
Fully collateralised
Every option is 100% backed at creation. There is no leverage, no margin and no liquidation engine to fail.
Non-custodial
Collateral sits in the market contract and can only go to its seller or the option holder. No admin function can move it.
Options as NFTs
Each filled option is an ERC-721 with on-chain metadata. Hold it, transfer it or sell it; the holder exercises.
Exit is always open
A pause can stop new offers and buys. It never blocks cancel, exercise or expire.
Fees locked per position
Fees are snapshotted when a position is created. Later changes never touch open positions.
Seller-set pricing
Premiums are chosen by sellers and accepted by buyers. No oracle sits between you and the price you agreed to.
Two fees. Split by the contract.
No other protocol fees exist. Network gas is separate.
Paid in WETH to $KYTE stakers, once per epoch.
Swapped for $KYTE on Uniswap v4 and burned, on-chain.
Sent to the operations multisig.
Ceilings are hard-coded in the contracts. Fees are fixed per position at creation. Every split and burn is listed on the Proof page.
Users can always exit.
Kyte is designed so that the people who run it have as little power over your funds as possible. The constraints are in the code, not in a promise.
- 01No admin function can move user funds. No sweep, rescue or emergency-withdraw function exists.
- 02Contracts are not upgradeable.
- 03Settings change only through a 10-minute timelock run by a multisig, within hard-coded ceilings.
- 04A guardian can only pause new offers and buys or disable a token. It cannot unpause, enable or touch funds.
- 05Pause never blocks cancel, exercise or expire.
- 06Buybacks are currently executed by hand and published on the Proof page. The on-chain buyback route has a TWAP floor and will be re-pointed at the live pool before it is switched on.
- 07New stake is locked for its first earning epoch, so nobody can snipe a fee split and leave.
The rules, in one place.
- Expiry range
- 1 hour to 90 days
- Minimum premium
- 0.0005 ETH
- Listed tokens
- Up to 25
- Per-token limits
- Exposure cap and minimum strike
- Strike currency
- ETH (WETH in contracts)
- Payouts
- WETH, with unwrap to ETH
- Network
- Robinhood Chain (Ethereum L2)
- Contracts
- Solidity 0.8.28, OpenZeppelin 5
Honest about where we are.
We do not promise dates. Launch announcements are made on X first.
Core contracts
Asset registry, Option NFT, call and put markets, fee vault, staking pool, buyback-and-burn, router and a Uniswap v4 hook. 111 automated tests (unit, fuzz, invariant and real v4 swaps) pass.
Indexer, keeper and app
An indexer for on-chain events, a keeper for expiries, fee splits and buybacks, and this app wired to every contract action.
Testnet
Deployment to Robinhood Chain testnet and a public beta.
Audits and a careful launch
Independent audits, a public bug bounty, then mainnet with 3 tokens and low caps.
Plain answers.
Yes. Kyte runs on Robinhood Chain mainnet. Start small and read the risks first.
Earn premium. Keep control.
Lock a token, set your terms, and collect the premium when it fills. An unfilled offer can be cancelled any time. Listings and launches are announced on X first.