Markets
Perpetuals on graded-card prices. USDC margin, an isolated house per market, fills at the next signed snapshot.
The first markets open as these fill. Live index now; back one to become its house.
Real sold prices · Nov 12, 2026 — the 24h changes are illustrative; backing amounts and countdowns are demo campaign mechanics.
Positive funding: longs pay the house. Orders fill at the next index snapshot, never at a price you can already see.
Orders fill forward, at the next index snapshot — never at a price you can already see. The ticket shows the fill snapshot, fee, and liquidation price before anything is signed.
Demo ticket. Nothing here connects a wallet or signs anything — KiraSlab is not launched. Liquidation estimate assumes isolated margin and a 90% maintenance buffer; the live formula ships with the contracts.
No central market maker. Every market on KiraSlab exists because collectors funded it — and the funders take the other side of every trade.
Anyone proposes an index — a single card, a grade, a whole set. Constituents, weights, and the pricing formula are published up front. No back-room listings.
Pledges stack into one pot until it hits the target. Short of the target by the deadline, every pledge refunds in full. No partial launches, no stuck funds.
A full pot turns into that market's own vault. Pledgers are the house: they earn the trading fees, the funding, and the borrow — and they take trader wins out of the pot.
Campaigns above are illustrative. Being the house cuts both ways: a vault pays winning traders first, so a hot market can draw a vault down. Pledge sizes and targets on live markets are set per proposal.
$KIRA launches on Robinhood Chain via Pons — ETH bonding curve first, Uniswap v4 pool on graduation. Every trade on every market feeds the token. No emissions, no points — the buyback is the mechanism.
Open and close fees, funding between longs and shorts, and borrow on leverage. Every position, every market, in USDC.
The majority of each market's revenue stays in that market's vault, paid to the pledgers who funded it. Local money for local markets.
The protocol's cut is swapped for $KIRA on the open market, on-chain, on a published schedule. Anyone can verify every buy.
Pledgers earn in USDC and in $KIRA-denominated upside on new markets — so a stronger token funds the next market faster. The loop restarts.
Fixed at launch on Robinhood Chain via Pons — not on Elysium, not via Montra. No CA exists yet — anything claiming to be $KIRA before the announcement here is not it.
Illustrative split for a live market vault. Final parameters ship with the audited contracts.
Card prices are thin, jumpy, and easy to game on a quiet day. KiraSlab's rules are built for that market, not borrowed from crypto perps and hoped for the best.
Every position's maximum payout is locked in vault cash the moment it opens. A trader can never win more than the vault has already set aside for them — no socialized losses, no surprise haircuts, no printing IOUs against future fees.
Orders fill at the next index snapshot, not the price on your screen. Nobody trades on a number they can already see, and nobody gets sandwiched by a stale print. You commit first, the price settles after — same rule for every wallet.
Indices are built from real sold prices — completed sales, not listings and not asks. Weights are fixed, the formula is published, and every snapshot is signed on-chain. If you can recompute it yourself, you don't have to trust us.
A single wild sale doesn't move an index on its own. Moves past the review band are held until the print is verified against the wider market — one fake "record sale" can't liquidate a book of honest positions.
New markets get proposed constantly, and matching a card to the right index by hand doesn't scale. A model assists the listing process — mapping constituents, flagging duplicates, drafting baskets — but it never touches the number. Prices come only from sold prices run through the published formula. The model proposes; the math decides.