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 funded outcomes — 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 with straddles, strangles, butterflies, and condors built from live DeepBook range strips.

  • Implied-vol smile across every strike
  • Straddle, strangle, butterfly, condor structures
  • Analytical delta-neutral perp overlay
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, breakout, and directional profiles
  • Every currently quoteable indexed BTC expiry
Open Range Strips
90%95%100%OpenMidResolve99.6%98.3%PLP TARGETIndicative note value against its target floor and underlying
Note valueUnderlyingFloor
Funded outcome

Funded Outcomes

Set a target floor allocation in the PLP market-making pool and use the balance for capped terminal upside. PLP losses and liquidity constraints can reduce redemption value.

  • PLP reserve target
  • Capped terminal range participation
  • Exact same-rail funding reconciliation
Open Funded Outcomes
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

Segment each basket loss distribution into senior, mezzanine, and junior attachment ranges. Senior receives distribution priority; junior absorbs first loss.

100%50%0%LOSSJunior15% · first lossMezzanine30% · balancedSenior55% · distribution priorityCapital stack and loss waterfall
  • Senior: first distribution priority
  • Junior: first-loss exposure
  • One modeled distribution across all tranches
Open Risk Slices
Execution lifecycle

Market pricing in, an on-chain position out

Four stages turn live market data into a quote-bound, wallet-signed, USDC-collateralized position on Sui testnet.

01Live pricing
DeepBook Predict order book

Executable range legs are quoted from live DeepBook Predict books. Derived baskets, tranches, and risk analytics are identified as model overlays rather than executable book prices.

02Quote engine
Depth-weighted bands

The ticket separates position cost, execution headroom, manager collateral, and maximum wallet authorization before a wallet can sign.

03USDC collateral
Net of quote fees

Choose dUSDC for the native Predict rail or mUSDC for the Pelagos testnet rail. Quotes and positions remain isolated by settlement currency.

04Sui settlement
Wallet-signed transaction

The app prepares and simulates the transaction first; the wallet signs only after the reviewed quote is reconciled, and the UI waits for Sui confirmation.

Get started

Structured products, one signature away

Review a live quote, its settlement rail, and the maximum wallet authorization before signing on Sui testnet.

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