Split Markets

Trade $ETH long or short with up to 100x exposure. No liquidation before expiry.

[Split Markets @splitmarkets]

Vitalik recently asked:

“What if we use options as the base of DeFi, instead of CDPs and liquidations?”

That is the idea behind Split Markets.

Today, most leverage is built on debt.

You deposit collateral.
You borrow exposure.
If the market moves against you, you get liquidated.

Split Markets takes a different path.

Instead of debt, an asset is split into two sides:

P + N = 1

One side takes the protected / covered side.
The other side takes the upside.

For traders, this means something simple:

You can buy upside with fixed risk.

No margin calls.
No forced liquidation.
No getting wiped out before expiry.

Your max loss is the premium you paid.

Split Markets is building liquidation-free markets for the next generation of DeFi.

Upside should be tradable.
Risk should be fixed.
Markets should survive volatility.

[Mayur Chougule @_mayurc]

ETH up or down. get leveraged exposure without liquidation.

now you can do the whole thing inside Telegram.

this is the fastest way to try Split👇🏾

[Split Markets @splitmarkets]

Hourly ETH markets are now live on Split.

You can now long or short ETH with 1-hour expiry.

Earlier, positions settled after 24 hours. Now, a new market opens every hour.

Pay a premium upfront. Know your max loss. No liquidation before expiry.

[ivish @beingivish]

Trade ethereum:native With Leverage. No Liquidation.

Inspired by @VitalikButerin’s idea of using options instead of debt for leverage, @splitmarkets takes a different approach to trading.

Instead of borrowing and risking liquidation, you buy $ETH upside or downside for a fixed premium.

➜ Max loss is known upfront
➜ No margin calls
➜ No liquidation price
➜ No funding payments
➜ Trade ETH Up or ETH Down
➜ 1h and 24h markets live
➜ Live on @base & @arbitrum

Split settles without relying on a price oracle and uses physically-settled options rather than debt-backed positions.

Trade on web or directly inside Telegram.

🌐 Product: https://t.co/dLuG5rs4Zc
🤖 Telegram Bot: https://t.co/mcMrT9cBuo
📦 SDK: https://t.co/RiQCEmelDE

[Split Markets @splitmarkets]

Split Markets is now live on Telegram.

The same options-based trading flow from our web app is now available inside Telegram.

Trade ETH long or short with fixed risk.

Pay a premium upfront.
Know your max loss.
No liquidation before expiry.
This version starts with 24h ETH markets.
The goal is simple:

Perp-like direction.
Option-style risk.
No liquidation.

[Mayur Chougule @_mayurc]

Leveraged DeFi usually rests on a price oracle and a liquidation engine.

Split removes both from settlement. It reads no price. The oracle-independence proof closes by rfl and depends on no axioms.

live on Base + Arbitrum: https://t.co/Vf2aGvQSSz

[Split Markets @splitmarkets]

https://t.co/LJnKHQgSC5

[Split Markets @splitmarkets]

Most leverage in DeFi is built on debt.

You deposit collateral, borrow exposure, and hope you do not get liquidated.

Split takes a different path.

On Split, you can trade ETH long or short by paying a premium upfront.

That premium is your max loss.

No margin account.
No liquidation engine.
No forced close before expiry.
If ETH moves your way, your N token captures the upside.
If it does not, your loss is capped at what you paid.

You can exit before expiry or hold till physical settlement.

This is leverage rebuilt with fixed risk.

Trade direction.
Know your max loss.
Stay alive till expiry.

[Mayur Chougule @_mayurc]

Options-based synthetic assets are live onchain: https://t.co/9jG8LF79lq

Split turns WETH into tradable long/short claims with fixed downside. Traders pay a premium; LPs lock collateral, take the other side, and earn that premium.

Positions can close or exercise against WETH/USDC vault balances. Settlement does not need an ETH/USD oracle read.

This is the path to synthetic assets without debt or liquidation engines.

[Mayur Chougule @_mayurc]

this is the frame.

x*y=k turned liquidity into a simple invariant.

P+N=1 turns collateral into tradable claims instead of debt positions that need liquidation.

ETH direction is the first market. the bigger unlock is synthetic assets built from fully-backed claim splits.

we shipped this at https://t.co/xa6HqrXANt