Understand Trion
Trion is building a financial market for the prices of compute resources. It brings perpetuals and capped options to benchmarks for GPU compute, memory, storage, electricity and related infrastructure.
You trade price exposure. You do not receive a GPU, a cloud account, memory modules or physical electricity.
Current status: Trion is live on Robinhood Chain (chain id 4663) with USDG collateral. CMPT capped options trade on the desk at app.trion.market: the Options V3 order book, where any trader buys or writes a listed strike and expiry at their own price, and the two V2 pool series until their 2026-10-30 expiry. Perpetual contracts are deployed but not listed, and the contracts are not independently audited. Deployment and launch status lists exactly what is live and what is not; read it and the risk disclosures before funding a wallet.
The idea in one example
Imagine a company worried that the benchmark cost of compute will rise. Financial exposure to that benchmark could help offset part of the change in its costs. A trader with the opposite view could take the other side.
That is a hypothetical use case, not a promised hedge. The company's actual bills may differ from the index, an opposing order may not exist, and trading can lose money. That difference between the benchmark and a real bill is basis risk.
Two instruments
| Instrument | What it does | Main obligation |
|---|---|---|
| Perpetual | Maintains long or short price exposure without a scheduled expiry | Keep enough margin; pay or receive funding; bear price and liquidation risk |
| Capped option | Gives a buyer a bounded cash claim at a stated expiry | Buyer pays premium; the writer who sold it locks the full maximum payout until settlement |
Learn perpetuals · Understand capped options
How the system works
The app helps a user sign an order. An off-chain matcher finds a compatible counterparty. On-chain contracts check authorization, prices and financial rules before settlement changes balances. Independent external observations supply the price-reference path.
A displayed index is not a promise that someone will trade at that price. A match is not final until settlement succeeds. A fast matcher does not remove contract, oracle or network risk.
Choose a reading path
- New to the project: Getting started → Markets and units → Five price roles.
- Learning to trade: Order types → Margin and liquidation → Funding and fees.
- Considering liquidity: Liquidity roles → Option pool liquidity (V2) → Risks.
- Building an integration: Architecture → API → Signed orders → Options order-book API.
- Deciding or explaining the project: Status → Risks → FAQ → Glossary. Read these in order and you can say, in plain words, what is live, what is deployed but unlisted, what is unaudited and what the risks are.
What these docs are—and are not
These pages explain the V2 design and the live implementation, with source trails for deeper inspection. They distinguish design, implementation, local verification and the production deployment on Robinhood Chain. They are not an independent security audit, a promise of returns, a legal eligibility determination or investment advice.
Source trail: docs/spec/V2_ARCHITECTURE.md §§1–2, 7–8; overdrive/exchange/web/scripts/e2e-browser-flow.ts.
Why compute? Read Why compute for the case for a compute-price market: what moves the price of an H100-hour and who hedges it.
Repository-owned documentation · September 2026 · Educational material, not investment advice and not an audit.