Nemesis V1 testnet is here ✦
After months of research and development, we are proud to introduce the first permissionless margin trading protocol to the crypto space.
Traders can now swap, margin trade, and create markets on any onchain token.
@PancakeSwap@BNBCHAIN A suggestion: add the PancakeSwap AI prompt bar on the PancakeSwap homepage.
This way, users can visit the site and immediately type what they are looking for to receive the corresponding buttons.
Nemesis Protocol Update - March 9, 2026
Over the last few weeks, we advanced Nemesis’ core market mechanics, liquidation automation, and data infrastructure as we prepare to launch public testnet.
Core protocol
Over the last few weeks, we’ve added four new mechanics to Nemesis v1:
Balancing Fees: A novel, funding-style mechanism that charges the side consuming more liquidity and pays the underutilized side, keeping long/short open interest in balance on shared spot liquidity.
Liquidation Vault: A WETH-denominated vault that automatically routes capital to liquidate unhealthy positions across a curated set of blue-chip markets, capturing consistent liquidation premiums for vault depositors.
Protocol-Owned Liquidations: Beyond third-party liquidations, the protocol can now unwind collateral, repay debt, and return residual collateral to traders directly. Liquidation premiums are distributed to liquidators without requiring them to bring their own liquidity.
Enhanced Oracles: We are exploring an enhanced oracle design that applies a more conservative, path-aware price to trigger liquidations earlier during fast price drawdowns in volatile market conditions.
Backend
Subgraph Scaffolded and Deployed: The subgraph is live on Sepolia, indexing core contracts and tracking token transfers and swap events.
Schema and Entity Model: The GraphQL schema and entity model now cover pools, positions, system state, and market statistics, including new price candle fields wired to onchain events.
Market Buckets and OHLCV Candles: Swap bucketing is hardened, minute buckets are stored, and OHLCV candles are generated for the offchain analytics layer.
Frontend
Integrations: Frontend has been completed. Currently we are polishing with new UI/UX components and finishing the rest of the smart contracts and backend integrations.
Stay tuned as everything is geared toward the testnet launch soon.
Nemesis.
Agents execute on Uniswap
We've released seven new Skills giving structured access to core Uniswap protocol actions
Your starting point for agentic workflows onchain
On Nemesis, capital earns without trading.
- Provide liquidity and earn swap and borrow fees
- Execute liquidations and capture liquidation premiums in your selected pools
- Deposit into the Nemesis Liquidation Vault to earn superior yield on your capital in core markets
Liquidations offer an organic yield opportunity on Nemesis.
When a leveraged position breaches its maintenance margin, it becomes liquidatable and pays a liquidation premium.
This allows liquidators to profit from persistent liquidation throughput.
In selected markets, Nemesis also offers a liquidation vault.
The vault executes liquidations and distributes yield pro rata to deposited capital.
Liquidations are inevitable in leveraged markets.
Nemesis turns them into organic, accessible, structured yield for participants.