Nado

Nado is a central limit orderbook DEX for spot, margin and perpetuals on Ink, Kraken's Ethereum Layer 2. It was built by the former Vertex Protocol team following Ink's acquisition and opened a private alpha in late 2025.

Nado fees

Nado charges about 1 bps maker and 3.5 bps taker (a basis point is 0.01%). As with any perp venue, the funding rate often matters more than the headline fee: it is a recurring payment between longs and shorts that can quietly run for or against your position. See how this stacks up on the lowest-fee perp DEX ranking.

Nado leverage & markets

Nado offers up to 20x leverage across crypto markets on Ink (Kraken L2). Higher leverage magnifies both gains and liquidation risk, so size positions carefully. For the most aggressive limits, see the highest-leverage perp DEX ranking.

Is Nado safe and is there KYC?

Nado is non-custodial: your funds stay in your own wallet and you sign each trade, so there is no company holding your balance and typically no KYC. The trade-off is smart-contract and liquidation risk, so prefer venues with a solid track record and verify contracts yourself.

Nado airdrop & points

Nado has not launched a token, so active trading now may position you for a potential future airdrop. Estimate what your points could be worth with MoonMath, and remember an airdrop is never guaranteed.

Who is behind Nado?

Nado was built by The former Vertex Protocol team, acquired by the Ink Foundation (Kraken).

Backers: Kraken / Ink Foundation.

Nado milestones

• 2025Ink Foundation acquires the Vertex team and technology
• 2025Private alpha launches on Ink

Nado FAQ

What is Nado?

Nado is a CLOB perp and spot DEX on Ink with unified margin, built by the former Vertex team. It runs on Ink (Kraken L2) using a orderbook model, offering up to 20x leverage on crypto markets.

What are Nado's fees?

Nado charges roughly 1 bps maker and 3.5 bps taker (1 bp = 0.01%). Funding is paid periodically between longs and shorts.

Does Nado require KYC?

No. Nado is a decentralized exchange: you connect a self-custody wallet and trade permissionlessly, with no signup or KYC on the protocol.

Does Nado have a token?

Not yet. Nado has no token, so trading now may position you for a potential future airdrop (never guaranteed).