Kubo Documentation
  • Introduction
    • What is Kubo?
    • Why We Built Kubo
  • How Kubo Works
    • Overview
      • Mathematical Overview
    • Leveraged Long Trades
    • Repo Trades
    • Liquidity Pools
    • Stablecoin Vaults
  • Other
    • FAQs
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  1. Introduction

What is Kubo?

Kubo is a derivatives Automated Market Maker (AMM) that enables traders to go long on any cryptocurrency—from ETH to altcoins—with up to 100x leverage.

There are three ways to generate value with Kubo:

  • Leveraged long trades: Up to 100x leverage and no funding rate

  • Repo trades: Receive a guaranteed fixed return on your capital after 24 hours

  • Liquidity provision: Deposit tokens into Kubo's liquidity pools to earn pro-rata yields

No Order Books

Unlike many other derivatives, such as decentralized exchanges (DEXs), which use order books, Kubo is an AMM. Kubo's AMM design allows for an entirely on-chain exchange that cannot be manipulated and does not require a funding rate. All operations use the underlying assets on-chain, with verifiable USD-denominated spot pricing from Chainlink oracles.

NextWhy We Built Kubo

Last updated 4 months ago