Website: https://www.nado.xyz/

Twitter: https://x.com/nadoHQ

.

• Nado is a central-limit orderbook DEX built on Ink, allowing traders to use unified margin across perpetuals, spots, and money markets, move collateral dynamically to manage risk in real time, and access a feature-rich platform that enhances performance and capital efficiency.

• Built by Kraken’s core engineering team, this internal initiative leverages decades of exchange expertise from the secure CEX managing $10B+ in assets, with $920m+ raised and IPO plans underway.

• Currently in Private Alpha, with about $19.7M TVL, $500M in daily trading volume, ~$100K in daily fees, and over 1,300 unique users, accessible by invitation through an ongoing waitlist and whitelist process.

.

• DeFi trading platforms often face inefficiency and risk, with AMM-based DEXs causing high slippage, thin liquidity, costly funding payments, and cross-margin losses, especially in volatile, high-leverage markets.

• Centralized exchanges like Kraken offer liquidity and speed but lack DeFi’s transparency and self-custody. Nado on Kraken’s Ink blockchain combines unified margin and order-book matching to deliver CEX-grade performance with on-chain security.

.

• Nado combines a high-speed off-chain sequencer and on-chain risk engine to deliver ultra-low-latency, precise trading on Ink L2, giving traders unmatched control and execution power.

• Perpetuals offer a unified margin pool, multiple collateral types, up to 20× leverage for BTC, ETH, SOL, BNB, XRP, 10× for HYPE/MON, built-in TradingView tools, near-zero slippage, and strong liquidity for high-frequency traders avoiding CEX custody.

• Spot trading allows users to deposit assets like USDT0, wETH, USDC, or kBTC into a unified account for up to 5x leverage, with cross-product collateralization enabling seamless multi-position management.

• The NLP vault, capped at $2M and $20K per user in Private Alpha, lets users deposit USDT0 to earn yield from market-making and liquidation strategies while improving liquidity, tightening spreads, and reducing slippage.

• Money Markets integrate lending, borrowing, and yield farming with trading to maximize capital use, showing current deposit and borrow APYs in the portfolio interface.

• Unified Margin lets users use their entire portfolio as collateral across perpetuals, spots, and money markets, maximizing capital efficiency, reducing margin needs, and boosting trading power.

• Pro Tools for Pro Traders offers advanced, user-friendly features like one-click basis trades, TWAPs, scale orders, and conditional triggers to execute strategies efficiently.

• Oracle model powered by Chaos Labs aggregates weighted price data from multiple CEXs and DEXs into low-latency, tamper-resistant feeds with anomaly detection and circuit breakers for secure, real-time pricing on Ink L2.

.

.

• Nado is developed by Kraken’s core engineering team. Kraken, founded in 2011 and one of the oldest and most secure CEXs (never hacked, managing >$10B in assets), brings decades of exchange infrastructure expertise.

• As an internal Kraken initiative, Nado has had no public standalone funding rounds and is likely bootstrapped by Kraken. Kraken has raised over $920M in total and plans to go IPO.

.

• Smart contract and oracle risks, like exploits or downtime.

• Scaling risks include handling network congestion, rapid user growth, and NLP lock-up liquidity when moving from private Alpha to public mainnet.

• Because of its close connection with Kraken, any issues with Kraken could potentially impact its development.

.

• Kraken’s DeFi flagship on Ink L2 has demonstrated strong demand during its private Alpha and is well positioned to challenge leading competitors with upcoming market expansions and a public launch.

• The website, product design, and social media operations all reflect a strong sense of vision and professionalism, indicating a highly capable team with promising prospects for future growth.

• With a 2026 mainnet, potential airdrops, cross-chain integrations, and Kraken’s global support, Nado could redefine perpetuals if execution and risk management remain strong.

• Currently in Private Alpha, access requires an invitation code. You can join by applying to the waitlist, and they will continue to whitelist applicants from the waitlist.

Chung

Website: https://www.nado.xyz/

Twitter: https://x.com/nadoHQ

.

• Nado is a central-limit orderbook DEX built on Ink, allowing traders to use unified margin across perpetuals, spots, and money markets, move collateral dynamically to manage risk in real time, and access a feature-rich platform that enhances performance and capital efficiency.

• Built by Kraken’s core engineering team, this internal initiative leverages decades of exchange expertise from the secure CEX managing $10B+ in assets, with $920m+ raised and IPO plans underway.

• Currently in Private Alpha, with about $19.7M TVL, $500M in daily trading volume, ~$100K in daily fees, and over 1,300 unique users, accessible by invitation through an ongoing waitlist and whitelist process.

.

• DeFi trading platforms often face inefficiency and risk, with AMM-based DEXs causing high slippage, thin liquidity, costly funding payments, and cross-margin losses, especially in volatile, high-leverage markets.

• Centralized exchanges like Kraken offer liquidity and speed but lack DeFi’s transparency and self-custody. Nado on Kraken’s Ink blockchain combines unified margin and order-book matching to deliver CEX-grade performance with on-chain security.

.

• Nado combines a high-speed off-chain sequencer and on-chain risk engine to deliver ultra-low-latency, precise trading on Ink L2, giving traders unmatched control and execution power.

• Perpetuals offer a unified margin pool, multiple collateral types, up to 20× leverage for BTC, ETH, SOL, BNB, XRP, 10× for HYPE/MON, built-in TradingView tools, near-zero slippage, and strong liquidity for high-frequency traders avoiding CEX custody.

• Spot trading allows users to deposit assets like USDT0, wETH, USDC, or kBTC into a unified account for up to 5x leverage, with cross-product collateralization enabling seamless multi-position management.

• The NLP vault, capped at $2M and $20K per user in Private Alpha, lets users deposit USDT0 to earn yield from market-making and liquidation strategies while improving liquidity, tightening spreads, and reducing slippage.

• Money Markets integrate lending, borrowing, and yield farming with trading to maximize capital use, showing current deposit and borrow APYs in the portfolio interface.

• Unified Margin lets users use their entire portfolio as collateral across perpetuals, spots, and money markets, maximizing capital efficiency, reducing margin needs, and boosting trading power.

• Pro Tools for Pro Traders offers advanced, user-friendly features like one-click basis trades, TWAPs, scale orders, and conditional triggers to execute strategies efficiently.

• Oracle model powered by Chaos Labs aggregates weighted price data from multiple CEXs and DEXs into low-latency, tamper-resistant feeds with anomaly detection and circuit breakers for secure, real-time pricing on Ink L2.

.

.

• Nado is developed by Kraken’s core engineering team. Kraken, founded in 2011 and one of the oldest and most secure CEXs (never hacked, managing >$10B in assets), brings decades of exchange infrastructure expertise.

• As an internal Kraken initiative, Nado has had no public standalone funding rounds and is likely bootstrapped by Kraken. Kraken has raised over $920M in total and plans to go IPO.

.

• Smart contract and oracle risks, like exploits or downtime.

• Scaling risks include handling network congestion, rapid user growth, and NLP lock-up liquidity when moving from private Alpha to public mainnet.

• Because of its close connection with Kraken, any issues with Kraken could potentially impact its development.

.

• Kraken’s DeFi flagship on Ink L2 has demonstrated strong demand during its private Alpha and is well positioned to challenge leading competitors with upcoming market expansions and a public launch.

• The website, product design, and social media operations all reflect a strong sense of vision and professionalism, indicating a highly capable team with promising prospects for future growth.

• With a 2026 mainnet, potential airdrops, cross-chain integrations, and Kraken’s global support, Nado could redefine perpetuals if execution and risk management remain strong.

• Currently in Private Alpha, access requires an invitation code. You can join by applying to the waitlist, and they will continue to whitelist applicants from the waitlist.

Chung