Questions people ask first
Am I buying GPU time?
No. Trion's derivatives create financial exposure to a benchmark. They do not provision compute or deliver physical goods. See markets and units.
Why build a market for these prices?
Compute-dependent businesses face resource-price uncertainty. A financial market could let participants express views or hedge some benchmark exposure. It cannot guarantee that a particular business's costs track the benchmark or that another trader will provide liquidity.
Where does the price come from?
External observations form the independent index I. The accepted mark M is the perp risk reference. An actual fill has execution price E, the last confirmed fill is L, and an option expires against its contractual fixing X. They have different jobs. See prices.
What is app.trion.market?
The Trion trading desk. It connects a wallet on Robinhood Chain (chain id 4663), shows the CMPT index and its six constituents, lets you buy, write and close CMPT capped options on the V3 order book, trade the remaining V2 pool series (writer sleeve, secondary pool, claims) until their 2026-10-30 expiry, and read solvency, open interest, backstop balance, index inputs and settlement records on its Transparency page. The public API behind it is https://api.trion.market; see the API reference and the options order-book API.
Is the chart history real?
Yes, and only as long as it actually is. The desk draws recorded values only: confirmed prints and the daily CMPT index series, with each bar's provenance (obs, carry, reconstructed) carried alongside so a carried value is not drawn as an observation. Intervals with nothing recorded are left out rather than filled. When the accepted price snapshot is missing or expired, the current price reads Unavailable while historical bars stay on the chart, because history is still history.
Does a chart price guarantee my order will fill?
No. A fill requires an eligible opposing order at acceptable terms. A limit, post-only instruction or price band can prevent execution even when a chart shows a nearby number.
Is “matched” the same as “confirmed”?
No. Matching proposes fills; settlement contracts still check them. Only successful chain settlement can establish a confirmed balance change. See the order lifecycle.
Who supplies liquidity?
On the V3 options book, any trader who sells (writes) an option supplies it, at a price of their own choosing; Trion's own market maker quotes on that book as one participant with no privileges. Perp makers post orders. In the V2 pool design, option writers back buyer claims through a sleeve and secondary-pool providers supply option-token and quote inventory. These are different activities and risks. See providing liquidity.
Does providing liquidity guarantee income?
No. Rebates, premiums and swap fees compensate different risks. Inventory movements, adverse selection and buyer claims can outweigh the income. Backstop capital is separate and is not unlimited insurance.
Is there liquidity farming, a reward token or an APY?
No. Trion has no reward token, no emission schedule, no staking and no "harvest" step. A V3 option writer receives the premium the buyer paid, minus any taker fee, directly into their exchange cash at the fill; a resting order pays no fee and receives no rebate, and nothing is paid for holding or depositing. In V2, a writer's premiums stay in the sleeve and show up as share value when free capital is redeemed, and a secondary-pool LP's swap fees are added to the bin's reserves and are collected by removing liquidity. Funding the backstop vault is a donation: it issues no shares and pays nothing back. Any "Trion APY" or farm advertised elsewhere is not from this project.
Can I buy or write an option today?
The status page is the single list of what is live. The V3 chain lists calls and puts at strikes $2.15 to $2.55 in $0.05 steps, with weekly expiries on 2026-10-02, 10-09, 10-16 and 10-23 and monthly expiries on 2026-10-30, 11-27 and 12-25 (all 08:00 UTC); anyone may buy or write any of them through the order book, and trading in each series closes 24 h before its expiry. The two V2 pool series (call $2.35 → $2.85, put $2.35 → $1.85, expiring 2026-10-30 08:00 UTC) remain live until then. See Options.
How much can a capped option buyer lose?
The premium paid plus the taker fee (1% of the premium on the V3 book when your order takes a resting one; nothing when your order rests). The contractual gross payout is bounded at $0.50 per contract. A V3 writer can lose at most $0.50 per contract minus the premium received. In V2 there is no issuance fee; the secondary pool charges a swap fee on trades there. This payoff description does not remove software, custody or settlement risk. See the worked example.
Are users' funds insured?
No insurance is established by these documents. A backstop can only use the actual capital and permissions it has; it is not a promise that every position can exit without loss.
Is V2 live on Robinhood Chain?
Yes. The shared V2 stack (registry, price verifier, funding epochs, risk engine, fixing council) is deployed and verified on chain 4663 with USDG collateral (overdrive/deployments/v2/4663.json), and CMPT capped options activate at the time listed on the status page. CMPT perpetual contracts are deployed but not listed; no other market has V2 contracts on 4663. V1 is a separate, older contract set on the same chain and is not covered by these pages. The status page is the single list of what is live and what is not.
Where do I get the contract addresses?
From the verified manifests in the repository (overdrive/deployments/v2/4663.json for the shared stack; 4663.options.json for the option engine, series and pools once written by the finalizer) and from the desk's Transparency page, which reads them from the same manifest. Do not use an address from a chat message, a search result or a third-party site. Trion has no deposit address: you interact with the contracts from your own wallet.
Has the system been audited?
No. The contracts and the oracle pipeline have not been independently audited. Internal design and code reviews and local verification artifacts exist; they are not an audit certificate. An independent audit is on the roadmap and its scope and result will be published when they exist. See risk disclosures.
What happens if prices stop updating?
An old trade is not a replacement for a missing independent price. The design restricts execution during unsafe price states. Some position-bearing actions may be unavailable, so an outage can prevent the exit a trader wants. Flat, liability-free exits have different rules.
Why did V2 require work when V1 already existed?
The earlier app, data work and economic concepts were useful starting points. Reviews identified changes needed in price authority, order authorization, liquidation economics, settlement and option-capital release. Reusing a product is not the same as inheriting its security.
What should I read before explaining Trion?
Start with the overview, price roles, liquidity roles and status.
Source trail: docs/spec/V2_ARCHITECTURE.md §§1–8; docs/spec/PERP_ENGINE_V2.md; docs/spec/OPTIONS_ENGINE_REVIEW.md; overdrive/deployments/v2/4663.json; overdrive/deployments/v2/reviewed/4663.cmpt-options-approval.md; overdrive/exchange/web/src/trading-main.ts, pages/transparency.ts; overdrive/exchange/oracle/src/daily/csv.ts (per-bar quality); overdrive/exchange/matcher/src/canonical-prices.ts.
Repository-owned documentation · September 2026 · Educational material, not investment advice and not an audit.