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.