Deployment and launch status
Trion is live on Robinhood Chain (chain id 4663) with USDG collateral. CMPT capped options have been trading since 23 September 2026 at 07:09 UTC (02:09 CDT). The shared V2 stack and the V2 option stack are deployed and verified; the CMPT market was activated in the registry at 2026-09-23 07:04:08 UTC (block 70320412); the trading desk is app.trion.market. Options V3, the order-book exchange described on the Options page, has been live since 23 September 2026: OptionsExchangeV3 was deployed at 14:47:35 UTC (block 70596128), its 126 series were listed and verified at block 70598875, and the first trade settled at 15:08:24 UTC (block 70608528, transaction 0x043961d79c7dbd471abbf043173195440ee8e7cf4e4458547f08fa4cbc3061db); the desk and the book service load only the verified manifest overdrive/deployments/v3/4663.options-v3.json. This page is the single place that says what is live, what is deployed but not listed, and what is not live at all. Other pages point here rather than restating it.
The contracts are not independently audited. Read the risk disclosures before funding a wallet.
What is live
| Item | State |
|---|---|
| Chain | Robinhood Chain, chain id 4663 |
| Collateral | USDG, 0x5fc5360D0400a0Fd4f2af552ADD042D716F1d168, six decimals |
| Shared V2 stack | MarketRegistryV2 0x69345034db2F81836681989cBF3730CC56455033, TrionPriceVerifierV2 0x2dFC619243fCDc748967868bB63810FD2E8594C5, FundingEpochsV2 0xAda07bC360022F70A070a46550f6A0E87c22FD3f, RiskV2 0x063077Ed1b52B443004eD1C7823D4C9D52D46c9C and FixingCouncilV2 0xeffC26eE197554560128c5185200c8828f17D140, deployed and finalized with deploymentStatus: "verified", anchored to the chain's genesis hash and verified block 70212825 (overdrive/deployments/v2/4663.json) |
| Option stack | OptionEngineV2 0x0eC78D7449E860766a2e8a5870A51b62078b74bA, OptionPricerV2 0xD4B09bC229E953E10aCCd1d5B75521033D54AA53, OptionTokenV2 0xFb21247Cc1102410A9c34E4ABb2c8dc0C68B0Bf8, DlmmResolverV2 0x1315C86D3D1FD9a6712e43823F05A5363bbF490F, one writer sleeve shared by both series 0x154BbC7de914f859439a8F0e7e5A447867E5e897; call series 0xb9f3af778f265873bab7409f3d4d803bad7794261f0bfb7fe4a7448655a02520 with pool 0x28a329096035E8Af5Cf41445B10Bf86e48AE34D8, put series 0x364c3a0ab4efc43244e3d7af573ebbeea62acf3ff96c10d9d4ee3b53cc1b3d27 with pool 0x80ECadDc1eb016Da9Bc898e8E5B2BF1FE2b449DB; finalized with deploymentStatus: "verified" at block 70321600 (overdrive/deployments/v2/4663.options.json) |
| Options V3 exchange | OptionsExchangeV3 0xc2843dA66Ea70C4d6be90CeCB15c9185D92b3350 on 4663, verified at block 70598875, with the 126-series launch chain (calls and puts, strikes $2.15–$2.55 step $0.05, expiries 2026-10-02, 10-09, 10-16, 10-23, 10-30, 11-27, 12-25 at 08:00 UTC; width $0.50; tick $0.001; maker fee 0, taker fee 1%; deposit caps 5,000 USDG per account and 50,000 USDG total). Its address, the listed series and the reviewedChainHash of overdrive/deployments/v3/reviewed/4663.chain.json are recorded only in the verified overdrive/deployments/v3/4663.options-v3.json; the settler (matcher) key is 0xD1c2747D9258D95933b0b9dB1f37B8907EF79e65 and Trion's market maker trades from 0x8CCe29C31e7B22e82fC679365DADcaA69893499b, an ordinary account with no privileges. Book service at https://api.trion.market/v3/options (API) |
| Launch liquidity | The owner-approved seed: $1,437 in the writer sleeve (backs primary issuance at the engine quote, shared by both series), $150 of bids per series at $0.05 (3,000 contracts each), and 100 USDG held by the oracle relayer for fixing proposer bonds. On V3, Trion's market maker quotes from 85 USDG of its own capital, in 5-contract sizes nearest the money. Small allocations, not a guarantee of exit liquidity |
| Market | CMPT only: the USD price of one H100 SXM GPU-hour, computed from six named venues (methodology factsheet) |
| Product | CMPT capped options. V2 pool series live since 23 September 2026 (the registry's immutable activation delay is 3 hours; the CMPT market's activationAt was 1790147015 (07:03:35 UTC), activateMarket executed at 07:04:08 UTC (block 70320412), and the first purchase settled at 07:09:13 UTC (block 70323446)); V3 order-book series as recorded in the V3 manifest above |
| V2 series | CMPT call strike $2.35 / cap $2.85 and CMPT put strike $2.35 / floor $1.85, both expiring 2026-10-30 08:00 UTC; $0.05 tick; maximum payout $0.50 per contract. Retired after that expiry |
| Trading cutoff | Trading closes 24 h before expiry in both designs: 2026-10-29 08:00 UTC for the V2 series, where governance disables the market at that time; on V3 each series' tradingEnd = expiry − 24 h is enforced by the contract |
| Settlement | X is the 24 h time-weighted average of the published CMPT index, sampled every five minutes, in the window ending at expiry. Every sample must satisfy the live-index quorum. See the benchmark statement |
| Trading desk | app.trion.market: wallet connection, the V3 options chain with deposits, withdrawals, orders, positions and settlements, the V2 series with purchase, writer sleeve deposits, secondary-pool liquidity and claims, and a Transparency page that reads collateral, open interest, index inputs and settlement records from the chain |
| Public API | https://api.trion.market (the matcher): GET /v1/config, GET /v1/markets, GET /v1/candles/:symbol, GET /v1/fixing/..., and GET /v1/oracle/*, a read-only proxy to the index oracle (for example /v1/oracle/v1/quote/CMPT, /v1/oracle/v1/daily/CMPT); https://api.trion.market/v3/options (the options book service). See the API reference and the options order-book API |
Where the addresses are. The shared-stack addresses (registry, price verifier, funding epochs, risk engine, fixing council, governance, matcher) are in overdrive/deployments/v2/4663.json; the V2 option-stack addresses above are in the verified overdrive/deployments/v2/4663.options.json; the V3 exchange and its series are in the verified overdrive/deployments/v3/4663.options-v3.json. The desk's Transparency page reads them from the chain. Do not trust an address from a chat message, and do not send funds to any address that is not in a verified manifest.
Why the registry was redeployed. The launch registry was redeployed with a 3-hour activation delay so that options could open on 23 September at 08:00 CDT; the first deployment (registry 0xce934de2…, 48-hour delay, activation 21:34:49 UTC) is retired, was never enabled and was never funded. Same contract code, same governance, matcher, signer committee, council seats, bonds and reviewed configuration; only the registry's constructor delay differs. Its manifests are archived under overdrive/deployments/v2/retired/4663-2026-09-21-48h/. Do not interact with the retired addresses.
Deployed but not listed
| Item | State |
|---|---|
| CMPT perpetual | The CMPT perp module set (PerpetualV2, OrdersV2, StrategyPolicyV2, CloseoutRouterV2, BackstopVaultV2, AdlQueueV2, SlowModeEndpointV2) is deployed and verified on 4663 (overdrive/deployments/v2/4663.perps.json), but the perpetual is not listed for trading. The desk does not offer perp order entry. While perps are unlisted, the price snapshots options quote against carry the CMPT index as their mark |
Not live
| Item | State |
|---|---|
| Other markets | GRID, DRAM, NAND, HASH, DPIN have no V2 contracts on 4663. TOKN derivatives are disabled by construction |
| Perpetual trading | Not listed on any market (see above) |
| Independent audit | None. Internal reviews and local test flows are not an audit; no third-party audit report exists in the repository. The internal review register (docs/RELEASE_V2.md §6, REG-01…REG-14) has no third-pass closure review |
| Independent council | Governance and all five fixing-council seats are Trion-held at launch; governance is a single address, not yet a multisig with a timelock. See the benchmark statement for the independence roadmap |
| Legal entity, jurisdiction, eligibility | No named operating entity or jurisdiction statement yet; that review is pending. No restricted-persons list, geo-blocking policy or terms of use are published |
| Insurance | None. The backstop vault is finite and may be zero; there is no deposit guarantee |
| Farming, reward token, APY | Do not exist. Option writers earn the premiums buyers pay (no maker rebate exists on the V3 book; the maker fee is 0), V2 pool LPs earn swap fees, all paid by counterparties |
What activation does and does not change
Activation makes the CMPT option market enabled in the registry, so the writer sleeve can issue and the desk can trade. It does not make the contracts audited, the council independent, the backstop funded beyond what has been deposited, or any other market live. It does not migrate V1 positions: V1 is a separate, older contract set on the same chain with its own manifests (overdrive/deployments/4663.*.json), and V2 does not read them.
Local development is separate
Everything on this page can also be run against a throwaway local chain (31337) with a valueless test token; that is a developer workflow, not a public deployment, and it is documented only in Local development.
Source trail: overdrive/deployments/v2/4663.json, 4663.perps.json (verified shared stack and CMPT perp modules, verifiedAtBlock 70212825); the registry's activationDelay() and the CMPT pendingConfigs/getMarket activation time read from chain 4663 (activationAt 1790147015); overdrive/deployments/v2/retired/4663-2026-09-21-48h/ (retired 48-hour deployment); overdrive/deployments/v2/reviewed/4663.cmpt-options-approval.md (first-series geometry; its activationAt 1790199289 refers to the retired deployment); overdrive/deployments/v2/reviewed/4663.options-series.json (strike, cap, expiry 1793347200, tick); overdrive/deployments/v2/reviewed/4663.options-launch.json (council seats, bonds, source recipe); docs/spec/FIXING_ORACLE_V2.md §2.1 (settlement TWAP); overdrive/exchange/web/src/trading-main.ts (#/transparency), pages/transparency.ts; overdrive/exchange/matcher/src/server.ts (/v1/config, /v1/markets, /v1/candles/:symbol, /v1/oracle/*); overdrive/exchange/oracle/src/server.ts (/v1/quote/:symbol, /v1/daily/:symbol); docs/RELEASE_V2.md §6 (REG-01…REG-14).
Repository-owned documentation · September 2026 · Educational material, not investment advice and not an audit.