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Perps on Yield

Perps

on Yield

A perpetuals exchange for the invisible currents of finance. Sense the unsaid. Trade the unseen.

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What's Nunchi?

Nunchi is

the sixth sense

Nunchi surfaces the hidden yields, from onchain funding rates to offchain RWAs, and transforms them into liquid, tradable instruments.

How Nunchi works?

Yield Tokens set yield free

Nunchi gives it perpetual life

Perpetual access to the heartbeat of DeFi. No expiry. No rollovers. Just pure, liquid yield.

What can you trade with Nunchi?

The Core Primitives

The Two Lenses

We unbundle yield, so you can trade it. Price and Rate. Separable. Stackable. Perpetual.

YIELD PERPS

MASTER YOUR CASH FLOW

trade the rate

YPs lets you trade the APY of an asset directly. Go long to stream an asset's live yield, or go short to lock in a fixed rate.

BASIS PERPS

MASTER YOUR PRINCIPAL

Trade the Price Ratio

Fix your income. Hedge the APY. Express a macro view.

YIELD PERPS

MASTER YOUR CASH FLOW

trade the rate

YPs lets you trade the APY of an asset directly. Go long to stream an asset's live yield, or go short to lock in a fixed rate.

BASIS PERPS

MASTER YOUR PRINCIPAL

Trade the Price Ratio

Fix your income. Hedge the APY. Express a macro view.

YIELD PERPS

MASTER YOUR CASH FLOW

trade the rate

YPs lets you trade the APY of an asset directly. Go long to stream an asset's live yield, or go short to lock in a fixed rate.

BASIS PERPS

MASTER YOUR PRINCIPAL

Trade the Price Ratio

Fix your income. Hedge the APY. Express a macro view.

Who's Nunchi for?

THE YIELD CURVE, ONCHAIN

BUILT FOR A NEW CLASS OF TRADER

Whether you're optimizing institutional-size risks, building the next-gen vault, or macro-trading for alpha, Nunchi gives you the tools to trade the most fundamental force in finance.

global macro traders

THE FED IS NOW ONCHAIN

Go long or short U.S. sovereign yield from any wallet, 24/7. Trade your view on FOMC decisions, inflation prints, and global risk appetite. No brokerage account required.

protocol builders

THE MISSING RISK-MANAGEMENT INFRA

Stop building products on a foundation of volatile yield. Integrate our yield perps to offer your users synthetic fixed-rate, impermanent loss hedges, and sophisticated structured products.

perps traders

Your New Alpha is the Yield Curve

Go beyond price. Trade the basis, arb the funding curve, and monetize the skew. Nunchi means your edge is no longer just delta.

DAOs & treasuries

TURN VOLATILITY INTO PREDICTABILITY

Hedge your yield, lock in your T-Bill returns, and protect your runway from macro shocks. Transform a volatile, floating APY into a synthetic fixed-rate coupon.

Working with the best

Coming soon

The future of

yield is perpetual

The Flock is our invite-only sanctuary. Inside the sharpest eyes trade, test, and design the future of yield. Each seat is earned.

Join the Flock

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