clava
Join the waitlist
How it works
Everything a trade will go through when clava opens, in order, with the numbers the program is built with. Today clava is a waitlist.
The short version: clava is not open yet. When it is, your collateral stays a yield-bearing dollar token for as long as your trade is open, and you get the same token back when it closes. The program behind it is written and tested, and these are its rules.
Pick a vault: USDY (Treasury bills, Ondo), jlUSDC (lending, Jupiter Lend) or syrupUSDC (credit, Maple). The app swaps your USDC into that token through Jupiter, in its own transaction, and shows the route and its cost before you sign. If you already hold the token, there is nothing to swap.
The oracle reads the market (three exchanges for crypto, CNBC for stocks, currencies and metals, Polymarket’s order book for predictions), checks the sources against each other and signs the price. Your transaction carries that signature to the program, which verifies it on chain and opens the trade at that price, worse by the market’s spread.
Your collateral stays as the token, locked in the program. Its dollar price rises as its issuer pays yield into it. The trade pays a small daily carry. Your take profit and stop loss are stored with the trade on chain.
Close it yourself, or anyone fills your take profit or stop loss the moment a signed price crosses it, for 0.02% of size. The program pays out in the same token. Keep it to keep earning, or swap it back to USDC.
| Charge | Rate | Paid to |
|---|---|---|
| Open | 0.08% of size | 80% pool · 20% clava |
| Close | 0.08% of size | 80% pool · 20% clava |
| Carry | 0.01% of size a day (0.005% on currencies) | 80% pool · 20% clava |
| Spread | 0.01%–0.05% each way, 1%–2% on predictions | in the price, to the pool |
| Take profit / stop loss | 0.02% of size | whoever fills it |
| Liquidation | 0.2% of size, at most what is left | whoever liquidates |
| Funding rate | none | · |
| Kind | Up to | Trades |
|---|---|---|
| Currencies | 20× | Sunday 22:00 to Friday 21:00 UTC |
| Crypto | 10× (Hyperliquid 5×) | always |
| Gold, silver | 10× | the currency week |
| US stocks and ETFs | 5× | while New York is open |
| Predictions | 2× | always, until three days before the question is decided |
When a market is closed the oracle does not sign it, so nothing can be opened, closed or liquidated on it until it reopens. If the oracle ever stopped for 72 hours, the program lets you close at the last price it had.
Deposit a vault’s token into its pool and you are the other side of every trade made in that vault. You keep the token’s own yield, take 80% of fees and carry, and are paid what traders lose. You also pay what traders win. You can withdraw any time, down to what open trades have set aside, one hour after your last deposit.
Program cLvjeQgjRy9E6w9YzPHHd8r7XjfEr4UywuqjM17VPdP, reserved for Solana mainnet and not deployed yet. Oracle key HRw9fUQjPwszaSghfLRBuCkVJrhPD51MpHSxpM57akeo. Once live, every trade, price and payout will be a public transaction you can look up on Solscan.