Kerf

Liquidity you can trade. Trades that earn. Hedged, tradable, yield-bearing LP positions on Robinhood Chain. Non-custodial. Powered by @lighter_xyz

[Kerf @UseKerf]

Introducing Kerf.

Kerf is the first ever platform on Robinhood Chain that lets you provide liquidity, hedge it, trade against it and package it into structured products from one screen, with your keys, and with no admin key anywhere in the system.

Powered by @Lighter_xyz

CA: 0x384c3f978950a98523529a205163bf63a69e8dd5

Liquidity you can trade. Trades that earn.

Start Now: https://t.co/YoGknF6bZw

Every venue in DeFi makes you pick a side. Provide liquidity and eat the price exposure. Trade and give up the yield. Buy a structured product and hand your keys to whoever built it.

Kerf refuses the choice.

Nine non-upgradeable contracts turn one token into a managed Uniswap position, a limit order that earns while it waits, a vault, a delta-hedged vault or a dated note. A full perps and spot terminal sits on top of them. The chart you draw a range on is the chart you buy from. The vault you deposit into shorts the same asset it LPs. The token you track on Launch becomes a vault you can deposit into on Yield.

Two halves, cut together. That is the whole idea, and this is what it looks like built:

[Kerf @UseKerf]

Crypto and RWAs should not live in separate worlds.

Kerf brings them into one terminal.

Trade bitcoin:native and $ETH. Follow markets like $NVDA, $TSLA, $MSFT and $SPY. Then choose what to do with the view: buy spot, open a perp, provide liquidity, place a range order, hedge the exposure or enter a structured position.

One wallet. One place to move between the assets and strategies that matter.

Your capital should be able to flow where the opportunity is.

[Kerf @UseKerf]

Liquidity is not just a number on Kerf. It is the engine.

Every zap and spot swap sends 25 bps to the FeeRouter. When a range order, managed position, or vault earns fees, Kerf takes its share only from those earned fees, never from the principal.

The order matters.

Trading activity creates pool fees. Pool fees give liquidity a reason to remain active. Deeper liquidity gives the next trader a more useful market. More use creates the next set of fees.

$KERF grows with the activity it creates, not with capital sitting idle.

That is the flywheel.

[Kerf @UseKerf]

Developer Note: We built Kerf's Radar to answer the questions a yield number leaves out.

How much liquidity is in the pool? What is funding doing? How much open interest sits behind the derivatives market?

Radar brings pool liquidity, estimated LP fee APR, funding, and open interest into one view, so you can examine those signals together before deciding what deserves a closer look.

We wanted market discovery to give you enough context to start forming a strategy. Seeing an asset is the first step. Understanding how you might approach it is where the tools become useful.

That connection between research and action is central to how we're building Kerf.

Pick a market you know. Open it in Radar. Tell us what else you'd want to see before making your next move.

https://t.co/GHpBj3W21I

[Kerf @UseKerf]

All roads lead to $KERF.

The end goal is not to launch another ticker and search for reasons to use it. The end goal is to build the market first.

A place where crypto and RWAs can be traded, supplied as liquidity, hedged, and shaped into structured positions from one screen.

More assets create more strategies. More strategies bring more activity. More activity supports deeper liquidity. Deeper liquidity makes every market on Kerf more useful.

$KERF is meant to sit at the centre of that system.

Not the first step.

The result of a product people already have reasons to use.

[Kerf @UseKerf]

Opening a long on $SPY through Kerf.

The order uses Lighter. But the long is only the first part.

On most platforms, a bullish view ends at a position. On Kerf, the same view can keep moving.

You can set a range order and earn fees while your price waits. You can provide liquidity around $SPY and use a hedged vault that shorts the pool’s changing delta through Lighter, keeping the fee income without carrying the full price exposure. Or you can take a dated protected position that combines the $SPY liquidity sleeve with SGOV.

That is the flywheel.

A long brings attention to the market. Liquidity makes the market more useful. Vaults and structured products give that liquidity more forms of demand. More ways to use $SPY give the next trader a reason to come back.

We are very bullish on RWA markets that do not stop at buy or sell.

[Kerf @UseKerf]

We built Kerf's range orders around a simple question:

What if the liquidity behind your next trade could earn fees while your order takes shape?

You choose a price band. The order provides liquidity within that range, earning fees when swaps use it as one asset converts into the other. Once the price fully crosses the range, the order becomes eligible for settlement.

Execution still depends on the market. What we've built is a way to connect your intended entry or exit with the liquidity other traders need.

This is the thinking behind Kerf: take familiar trading actions and give people more ways to put them to work.

https://t.co/i9bXIS3Pg3

[Kerf @UseKerf]

A yield number can catch your eye.

The context decides whether it deserves your attention.

Kerf's Radar brings pool liquidity, estimated LP fee APR, funding and open interest into the same view. You can look at the pool and the derivatives market together before deciding what to investigate.

That's a small change on a screen with a much bigger implication: discovery can start with a strategy, instead of ending at a ticker.

As we build out Kerf, that connection between research and action is central to the product.

Pick a market you know. Look at it through Radar.

[Kerf @UseKerf]

Developer Update! All Kerf Finance contract addresses are now public on GitHub.

https://t.co/psc98CACHM

This is the first step toward open-sourcing the entire project, including the code, infrastructure, and mechanisms that power Kerf Finance. We want the community to explore what we’re building, understand how it works, and eventually build alongside us.

Publishing the addresses is just the beginning. As we open up more of the project, you’ll get a closer look at the ambition behind Kerf and what we’re bringing to Robinhood Chain.

We’re here to build something that gives people more reasons to use the chain, put their assets to work, and keep coming back. There is a lot ahead, and we’re ready to turn that vision into something you can use.

Building has begun, and the next few days are going to be very interesting. The pieces are coming together, and we’re only getting started.

To everyone on Robinhood Chain: get ready to experience something new.

Kerf Finance is coming.

[Kerf @UseKerf]

Yes! We’re planning a couple of public GitHub repositories for a slightly later stage of Kerf’s development.

One will contain the project’s core logic as open-source code. The other will house all the smart contracts that power Kerf, making it easier to explore how the protocol works onchain.

We’ll share the links once the repositories are public.

[Kerf @UseKerf]

To everyone who supported the Kerf launch, tried the product, and shared feedback from day one: thank you.

Seeing you use what we have spent so much time building makes this an incredibly meaningful moment for our team. Every test, question, and suggestion helps shape what comes next.

Today is your first look at something we have been working toward for a long time. A lot of thought, preparation, and development went into getting Kerf here, and our ambition extends well beyond launch day.

Over the next few days, we will share more about what sets Kerf apart, the decisions behind the product, and how the different parts of the ecosystem will fit together. We want you to understand both what you can use today and the bigger picture we are building toward.

We will also unveil entirely new concepts and ecosystem flywheels, bringing mechanisms to Robinhood Chain that it has never seen before. Kerf introduced a new kind of product to the chain, and we intend to bring that same originality to how its ecosystem grows, connects, and rewards participation.

Multiple updates are already in development. Alongside them, we will introduce upcoming ways to play, participate, and engage with Kerf, showing how these additions work together to support something bigger than any single feature.

Our focus now is on improving the product, listening to the people using it, and giving you concrete reasons to keep coming back. As we reveal more, you will see how much of this launch is the foundation for what comes next.

Thank you for being here at the beginning. We are excited to show you how much more there is to Kerf.

[Kerf @UseKerf]

We’ve burned 1% of the developer supply to reinforce our commitment to this project and its long-term future.

Regardless of any price action, we’re going to keep building. We’ve put serious time and effort into this product, bringing it to Robinhood Chain, and we’re here to stay.

This burn is one way of backing our words with action. We believe in what we’re building, and we’ll keep putting in the work to make it better.

Stay tuned for the next couple of days.

TX Hash: https://t.co/8mWgwEbg8P

[Kerf @UseKerf]

The biggest opportunity on Robinhood Chain may be the place people open before they make their next move.

That's the ambition behind Kerf.

Radar brings market discovery into view. The terminal connects trading with liquidity tools. Portfolio gives those decisions a place to be followed.

Each solves a different part of the same daily routine. Bringing them together gives us a foundation for something much larger: a home for onchain strategies, from the first idea to the position it becomes.

The first release is here. The direction is bigger.

Open Kerf. Take the tour. See why we're building around the whole journey.

[Kerf @UseKerf]

A position tells you what someone did. A thesis tells you why they thought it was worth doing.

Kerf's Theses feature connects a written view with a position reference, giving an LP range, a long or a short more context than a screenshot can provide.

The mirror flow is designed to turn that idea into a plan you review and size yourself. Your wallet still authorizes the action; reading someone else's thesis does not hand them control of your funds.

The interesting conversation starts with the assumptions: what needs to happen, what could go wrong, and what would make the author change their mind.

https://t.co/evIuuLghQw

[Kerf @UseKerf]

We see a much bigger opportunity for Kerf than simply adding another trading interface to DeFi.

Trading and liquidity management belong together. Finding a market, building an LP position, managing its range, and placing a trade should feel like parts of the same workflow.

That is what we are building with Kerf.

This comparison shows the breadth of that approach. But a longer feature list is only valuable if those features work well together and make the product better to use.

Our ambition is to make Kerf the best possible platform for people who want to actively trade and manage liquidity. That means clearer decisions, smoother execution and tools that give users meaningful control.

We are ready to put in the work: listen to users, improve the details and keep raising the standard with every release.

The potential is big. It is on us to turn it into a product people choose to use every day.

[Kerf @UseKerf]

First perp position opened through Kerf.

15 USDG, 1x, ETH, straight from the Kerf terminal. Small size on purpose. The point of the trade is not the trade, it is the path: wallet in the browser, order routed to Lighter, position live in the Positions tab with a working Close. Every step of that path now runs end to end.

Perps are open to every Kerf user today. We are stabilizing, watching every fill and shipping fixes continuously. Early, live, and getting sharper by the day.ame screen, on Robinhood Chain.

Perps are open to every Kerf user today. We are stabilising, watching every fill and shipping fixes continuously. Early, live, and getting sharper by the day.

https://t.co/DYtPLuFFM6

[Kerf @UseKerf]

Your LP position collected fees. Did the strategy work?

You still need to know what happened to the assets inside it, how long it stayed in range, and how its value compares with simply holding the original tokens.

Kerf's portfolio view is built around those questions, bringing position value, fees, range status and LP performance metrics into the same place.

An annualized fee figure describes one part of the experience. It does not erase price exposure, the effects of changing token balances, or the costs of managing the position.

Kerf's portfolio view is built around those questions, bringing position value, fees, range status, and LP performance metrics into the same place.

https://t.co/gJ40XxAFd4

[Kerf @UseKerf]

Kerf is open.

A short introduction for anyone who is new here.

Kerf is an on-chain trading desk on Robinhood Chain. It brings together two things that usually live in separate apps: providing liquidity and trading. Normally an LP position is something you park and hope the price does not move against you. On Kerf that position is something you can hedge, trade and earn on, from one screen.

What is live right now:

Radar is a screener for pools and perp markets. See what is trending, what is established, and where the fees are.

Trade is one terminal for spot, perps and liquidity. Buy or short with leverage, or draw a range on the same chart and provide liquidity with a single token. You can also place limit orders that earn fees while they wait to fill.

Portfolio shows every position, fee and PnL in one view.

Yield lets you deposit into a vault that manages the range for you. Hedged vaults short the same asset they provide liquidity for, so you collect the fees with less of the price swing. Email login works, no wallet popups needed.

Theses lets you attach a written thesis to a position, mirror someone else's position with one click, and see on the leaderboard who is actually right.

Launch tracks new tokens as they grow into real liquidity, and lets you trade pre-market perps on tokens that are not listed yet.

A few things worth knowing:

Kerf is non-custodial. Your keys, your positions. The contracts hold nothing between calls, nothing is upgradeable, and there is no admin function that can touch a user's position. The one exception is perps: a server holds an order-signing key so trading is fast. That key can place orders. It cannot withdraw.

Deposits are capped while we are in beta.

One honest note. This is a brand-new app, and you will probably run into a bug or two. Do not worry about it. We are shipping improvements all the time, and every update is posted on this account first. If something breaks, reply here, and we will fix it.

[Kerf @UseKerf]

DeFi has kept two worlds apart. Provide liquidity and you collect fees but carry impermanent loss alone. Trade perps and your idle capital earns nothing. Vaults hide the position behind an admin key.

Kerf merges them on Robinhood Chain. One non-custodial screen for Uniswap v3/v4 LP positions and a Lighter perps + spot terminal.

Hedged Vaults. Deposit one asset. The vault LPs the pool and shorts the same asset on Lighter. Fees without price risk.
Radar. One row per asset: LP fee APR, funding, open interest, basis signal. One click for LP + short.
Fee-earning limit orders. Your order is an LP position that collects fees while it waits to fill.
Permissionless rebalance. Set a policy, any keeper runs it for a bounty.

LP managers like Revert and Gamma manage ranges but never hedge. Perp venues like Hyperliquid trade well but leave waiting capital idle. Most yield vaults sit behind upgradeable contracts. Kerf hedges, earns while waiting, and every contract is non-upgradeable with no admin function that can touch your position.

[Kerf @UseKerf]

5. Launch: from first pool to vault to perp

LaunchPipeline. Two permissionless calls and one immutable number. track starts a clock the moment a token's first WETH pool is seen. graduate deploys a fully managed vault once the token is three days old and its pools hold enough liquidity. A graduated token is managed with exactly the same constants as the flagship ETH and USDG vaults. No listing committee. No admin.

Pre-market perps for tokens no venue lists. PreMarketPerp is a constant-product virtual AMM: USDG margin, up to 3×, isolated positions, a 30 bps taker fee with one third going to an insurance fund. The index, a 30-minute TWAP times Chainlink ETH/USD, drives funding only, capped at 1 % per hour. Fills and liquidations use the curve's own mark, so a manipulated index can push funding to its cap and not one basis point further. Bad debt has a documented, deterministic order of absorption, and the solvency invariant is one line: the contract's balance always covers collateral plus insurance minus deficit.

[Kerf @UseKerf]

Introducing Kerf.

Kerf is the first ever platform on Robinhood Chain that lets you provide liquidity, hedge it, trade against it and package it into structured products from one screen, with your keys, and with no admin key anywhere in the system.

Powered by @Lighter_xyz

CA: 0x384c3f978950a98523529a205163bf63a69e8dd5

Liquidity you can trade. Trades that earn.

Start Now: https://t.co/YoGknF6bZw

Every venue in DeFi makes you pick a side. Provide liquidity and eat the price exposure. Trade and give up the yield. Buy a structured product and hand your keys to whoever built it.

Kerf refuses the choice.

Nine non-upgradeable contracts turn one token into a managed Uniswap position, a limit order that earns while it waits, a vault, a delta-hedged vault or a dated note. A full perps and spot terminal sits on top of them. The chart you draw a range on is the chart you buy from. The vault you deposit into shorts the same asset it LPs. The token you track on Launch becomes a vault you can deposit into on Yield.

Two halves, cut together. That is the whole idea, and this is what it looks like built:

[Kerf @UseKerf]

4. Radar, Portfolio, Theses

Radar. One screener with both legs on every row: the Uniswap pool (TVL, tick, fee tier, 24-hour volume, fee APR) and the Lighter perp (mark, funding, open interest). Filter crypto, RWA and tokenised stocks, or only what is Established: at least three days old, over $1M market cap, over 100 trades. Trending is where the next thing shows up first.

Portfolio. Every LP position with range uptime, fees collected, and impermanent loss versus HODL measured on principal alone. Every range order, keeper enrolment, vault share, note and perp position in one view, with Harvest, Rebalance, Remove and Enrol as one-click flows.

Theses. A position that carries its argument. Post a signed claim about a position, an EIP-712 signature under the Kerf domain, and let others mirror it. Mirror returns the exact calldata, the author's pair, fee tier and ticks, or the perp order. It never executes on your behalf. A leaderboard ranks authors by realised fees and PnL. Live theses double your points multiplier for seven days.