PELAGOS
Testnet
Sui testnet · DeepBook Predict

Structured products on live market probability

Pelagos turns live DeepBook Predict pricing into composable structured products — range strips, distribution curves, baskets, risk slices, and protected notes — each collateralized in USDC and settled on Sui.

Launch app Explore the products
Live DeepBook pricingUSDC collateralSettled on Sui
Distribution marketSample distribution
Sample
0%18%36%B1B2B3B4B5B6B7
Peak band31.0%
Live bands7
CollateralUSDC
SettlesSui testnet
YOUR μμ−σμ+σEach bar is a $1 strike — together they trace your view
StrikesYour viewMarket
Options & curves

Distribution Markets

Trade where BTC lands — a live options chain of $1 strikes, or set your own μ and σ to trade the whole distribution curve.

  • Options chain: $1 binary calls and puts at every strike
  • Curve view: set μ and σ, mint the matching range strip
  • Priced live off DeepBook, settles on Sui
Open Distribution Markets
30%60%90%56k60k62k64k66k68k72krealized 52%ATM 46%Implied-vol smile traded against realized vol
Implied volRealized
Implied vs realized

Volatility

Trade the implied-vol smile against realized — straddles, strangles, butterflies, and condors built from real DeepBook range strips, with a delta-neutral hedge.

  • Implied-vol smile across every strike
  • Straddle, strangle, butterfly, condor structures
  • Optional delta-neutral perp hedge
Open Volatility
SPREAD STRIP70k68k66k64kforward · ask $0.4162k60k58kA range strip minted off the live DeepBook Predict book
Book depthMinted strip
Built on DeepBook

Range Strips

Mint a strip of real DeepBook Predict range options — pin, range plateau, breakout and more — priced live off the on-chain order book, in one signature.

  • Priced live off the DeepBook book
  • Pin, Range Plateau, Breakout and more
  • Every rolling BTC expiry, sub-hour to weeks
Open Range Strips
90%95%100%OpenMidResolve99.6%98.6%PRINCIPAL FLOORNote held at its floor while the underlying keeps the upside
Note valueUnderlyingFloor
Floor target

Protected Notes

Set your floor: it earns itself back in the PLP house pool while the rest buys upside — principal protected.

  • USDC principal sleeve
  • Downside floored at your chosen level
  • Full upside above the floor
Open Protected Notes
90%95%100%AprMayJunJulAugNow98.6%95.6%94.3%93.0%91.8%97%Noisy component events vs the smooth pooled basket NAV
ComponentsBasket NAV
Diversified events

Basketsbeta

Curated baskets of uncorrelated event markets — pooled so the whole basket resolves with far less variance than any single bet.

  • Diversified Polymarket event markets
  • Live CLOB pricing, NAV per basket
  • One click in, settles on Sui
Open Baskets

Take any basket and slice it into senior, mezzanine, and junior tranches — senior is paid first, junior takes first loss for the biggest multiple.

100%50%0%LOSSJunior15% · first lossMezzanine30% · balancedSenior55% · protectedCapital stack and loss waterfall
  • Senior: defensive, paid first
  • Junior: first loss, biggest multiple
  • Tranches of the same event baskets
Open Risk Slices
How Pelagos works

Market pricing in, an on-chain position out

Four stages turn a live DeepBook quote into a settled, USDC-collateralized position on Sui — no bridges, no custodians, no manual leg assembly.

01Live pricing
DeepBook Predict order book

Every product is quoted straight off the live DeepBook Predict order book, so the price reflects real market probability — not a model's guess.

02Quote engine
Depth-weighted bands

We slice the payoff into bands and weight each leg by real book depth, so the number you see is what assembling the position actually costs.

03USDC collateral
Net of quote fees

Post USDC as collateral, net of a small quote fee — no bridging, no wrapped assets, no idle margin parked off-chain.

04Sui settlement
Pelagos USDC package

The position mints and settles on-chain through the Pelagos USDC package — custody-free, and final the moment your wallet signs.

Get started

Structured products, one signature away

Live DeepBook pricing, USDC collateral, settled on Sui. Connect a wallet and trade — no setup, no bridge, no wrapped assets.

Enter app Explore the products
Live DeepBook pricingUSDC collateralSettled on SuiNon-custodial