KRYON
XLM-PERP Now Live on Stellar Testnet
USDC-settled perpetual futures with on-chain margin and settlement — trade self-custodial straight from your Freighter wallet.
Kryon Brings RWA Perpetuals to Stellar
A decentralized exchange pairing an off-chain central-limit order book with a fully on-chain margin and settlement engine on Soroban.
Sub-Second Fills, On-Chain Truth
Price-time matching off-chain for a familiar low-latency perp experience, with custody, margin, and settlement enforced on-chain.
Trade RWA Perpetuals
on Stellar with superfast
Decentralized Execution.
System Status
- 01. Oracle Feed
- 02. CLOB Matcher
- 03. Margin Engine
- 04. Vault
- 05. Order Gateway
- 06. Liquidation
- 07. Insurance Fund
- 08. Risk Engine
- 09. Funding
- 10. State Indexer
Explore the platform.
Engineered
for RWA Perps
May 28, 2026
Protocol Launch
XLM-PERP Goes Live — USDC-Settled Perpetuals on Stellar
On-Chain Margin & Settlement, Off-Chain Speed
May 20, 2026
How Kryon pairs a price-time CLOB matcher with a Soroban settlement engine.
Self-Custodial Trading with Freighter
May 6, 2026
Sign orders from your own wallet — your keys, your collateral, every fill.
Understanding Funding & Mark Price on Kryon
April 24, 2026
How the funding mechanism anchors perp prices to the oracle.
Inside the Liquidation & Insurance Engine
April 11, 2026
Transparent margin checks and an insurance fund that keeps markets solvent.
The Road to RWA Perpetuals
March 30, 2026
Bringing tokenized real-world assets to perpetual futures on Stellar.
Oracle Design: Pricing Perps on Soroban
March 18, 2026
How the oracle adapter publishes the prices the engine settles against.
Leaderboard & Portfolio Analytics
March 5, 2026
Track PnL, open interest, and ranking across every market in real time.
Kryon Stress-Test Report: Production Hardening
February 20, 2026
Findings and fixes from load-testing the matcher, indexer, and settlement path.