The team has been working tirelessly behind the scenes, and this update is all about getting you up to speed, just in time for the final stretch before mainnet.
Between Trading Competition #2, a new Layer3 quest, and important execution upgrades, there’s a lot happening across the platform.
Don’t forget to sign up for updates on Kyan’s development.
Trading Competition #2 Is Live
Trading Competition #2 is officially underway and runs until February 17th at 8pm UTC / 3pm EST. Trade on Kyan now!
This competition is focused on stress-testing Kyan under real trading behavior, especially around options and multi-leg strategies. Every trade placed helps us validate pricing, margin behavior, and execution under load as we move closer to mainnet.
If you haven’t jumped in yet, there’s still time to climb the leaderboard and put the system through its paces.
Trading Competition #2 Rewards Overview
Read more about this competition, the motivation behind it, and the rewards in this article.
Layer3 Quest Is Live
Alongside the competition, our Layer3 quest is now live and will remain active until the competition ends.
Join the Layer3 Quest: https://app.layer3.xyz/activations/kyan-trading-competition-2
The quest mirrors the competition’s core focus, encouraging traders to explore the platform and learn how Kyan works in practice. It’s another way to engage with Kyan, earn rewards, and help us test real-world usage patterns at scale.
Read more about the tasks included in this quest here.
Market Orders Now Use Slippage by Default
Market orders across options, perps, and combo trades now use slippage by default. Instead of relying on a static price, orders are submitted with a buffer that increases the likelihood of immediate fills, especially in fast-moving markets. It’s an important execution upgrade.
This means:
Fewer failed orders
Less manual retrying
Better execution when prices are moving quickly
You can adjust your desired slippage in your Settings.
Smarter Option Pricing for Faster Fills
We’ve also introduced a new feature to improve how option prices are pre-filled when trading.
When you select an option, or toggle between buying and selling, Kyan now:
Takes the current mark price
Adds slippage automatically
Adjusts that slippage based on the delta of the option
This helps ensure that market orders are more likely to go through and fill on the first attempt, even when quotes are changing rapidly.
You’re still fully in control. The price can always be edited manually before submitting the order. But by default, Kyan now gives you a price that’s more likely to execute successfully without extra friction.
Last Stop Before Mainnet
This competition is the last major test run before mainnet.
Everything happening right now feeds directly into what Kyan will look like when real capital goes live: how orders behave in fast markets, how options are priced and executed, and how the system holds up when traders are actively using advanced strategies at scale.
This is our final chance to observe real trading behavior in a live environment, stress the most complex parts of the system, and tighten every bolt before opening the doors for good.
By participating, you’re helping shape the version of Kyan that launches on mainnet. One last push, one last round of hard testing, and then it’s time.
Trade on Kyan: https://alpha.kyan.blue/
What Does Kyan Mean for Crypto Options?
Kyan will be a significant upgrade for anyone trading decentralized derivatives.
