Welcome back, friends!
The past few weeks at Kyan have been all about refinement. We’ve officially entered a feature freeze, meaning no new functionality will be added until the platform is in users’ hands. The team’s focus has shifted to optimizing the user experience, strengthening performance, and ensuring that everything runs seamlessly as we move closer to launch.
Here’s a closer look at what’s been happening behind the scenes.
The Testnet Trading Competition is only days away! Sign up on kyan.blue to ensure you won’t miss it.
Kyan Testnet Trading Competition
We mentioned the upcoming testnet trading competition in our last update. Now that it’s only days away, here’s a quick reminder of the most important details:
Competition Period: 4 weeks
Structure: Two Stages (each with their own prize pools)
Stage 1 Rewards: 1,200,000 Krystals and 10x Kyan Mainnet VIP passes
Limited events and activities throughout the competition, to be revealed
Super-secret extra rewards up for grabs, to be revealed
Leaderboard View on Kyan
To enter, all you’ll need to do is connect your wallet to the platform. We will share the link once the competition starts, so sign up for updates now. Your wallet will automatically receive the test tokens, so you’ll be able to make a deposit to Kyan and start trading immediately.
I can’t express how excited we are for everyone, especially our community, to be able to finally get a taste of everything Kyan has to offer. This trading competition will be an important test before mainnet, so don’t hold back, flex your trading skills, and take advantage of all the features.
More information on the trading competition in this article.
Krystals
Krystals — Kyan community points — are one of the main rewards to earn during the trading competition. Quick recap:
How Many?
There will be a total of 2,000,000 Krystals to earn:
1,200,000 in Stage 1: 200,000 for the top traders on the leaderboard + 800,000 for anyone, based on various factors
800,000 in Stage 2: for anyone, based on various factors, regardless of leaderboard placement
How to Earn Them?
You can earn Krystals by actively participating in the competition. Some of the factors we’ll be taking into account are consistency, volume, and overall engagement.
Krystals are a proof of contribution, so even if you don’t end up sitting at the top of the leaderboard, you’ll still have a shot at earning meaningful Krystal rewards, ensuring that every participant benefits from their engagement.
Note: The final Krystal distribution remains at our sole discretion; we don’t take kindly to those that aim to overload the system outside of the bounds of normal trading activities. More details and timely updates on Krystal distribution will follow shortly after the competition begins.
Kyan Krystals
Kyan Help Center & Knowledge Base
We know that trading derivatives on a new platform can raise questions, especially for those exploring Kyan’s advanced portfolio margin system for the first time. That’s why we’ve integrated a Help Center directly inside the Kyan app.
Help Center on Kyan
Users will be able to browse Kyan’s full knowledge base (a growing library of articles explaining how portfolio margin works, how to trade options or perps, and how to manage your portfolio) without ever leaving the app. Need more help? You can also contact support directly from within Kyan, creating a smoother, more connected user experience.
Our goal is simple: make sure that every trader, whether a beginner or a pro, has the information they need at their fingertips.
And don’t worry — it’ll never be in the way. There’s a handy toggle on the top right corner of the app to make it visible!
The Next Level of Portfolio Management
To give our users even more insight into risk and portfolio behavior, especially around expiries, we’ve added the Roll Risk & Expiry Greeks table to the Portfolio tab.
Roll Risk & Expiry Greeks Table on Kyan
This new view gives traders a detailed look at:
Projected IMr and MMr after rollovers or approaching expiry
Portfolio Greeks (Delta, Gamma, Vega, Theta, Rho), projected based on current exposure
This update helps traders better understand how their portfolios might evolve as options approach expiration, giving them the tools to anticipate changes and adjust before the market does.
The Premia Academy
A significant part of our mission has always been to give our users the knowledge they need to trade consciously and effectively. This is why we’ve been working hard to improve the Premia Academy.
Some of our new courses will be going live alongside the trading competition:
Introduction to Kyan: An overview of what Kyan is, how it works, and how to use it.
Portfolio Margin: A deep dive into Kyan’s portfolio margin system, risk metrics, liquidations, and more.
Kyan Category Courses
What’s Next
With major systems now in place, we’re fine-tuning every component to make Kyan powerful and effortless to use, just like we’ve been promising. The infrastructure is strong and the interface is intuitive. Now, with your help, it’s time to see how it performs in real-world conditions.
Get ready — the next phase of Kyan is closer than ever.
What Does Kyan Mean for Crypto Options?
Kyan will be a significant upgrade for anyone trading decentralized derivatives.
If you have any questions, hop into our Discord or shoot us a message on X. We would love to know your thoughts!
