Fits an implied-vol surface to Deribit's options for each underlying (ETH, BTC, and HYPE's thinner linear book) and reads a fair value for every Derive strike. Strikes the fit can't price well are skipped.
Quoting
Posts two-sided quotes around fair on ETH, BTC and HYPE option markets, ranked by vega. Skews prices against inventory and requotes when fair moves.
RFQs
Prices multi-leg request-for-quote packages off the same surface, with an edge floor scaled by vega and fit error. Declines what it can't price.
Hedging
Keeps net delta inside a set band by trading ETH, BTC and HYPE perps. Hedges back to the band's edge, not to zero, to cut churn.
Risk
Hard limits on delta, gamma, vega, margin and daily loss. Breakers pull every quote on stale data or a breach. Human-reviewed code.
Treasury
Splits capital between Derive and Arbitrum against target weights, and between the ETH+BTC and HYPE books; idle USDC can earn on Aave. Transfers only to Kato's own addresses.
Ledger
Reconciles Kato's own books against Derive's balances. A mismatch halts trading until a person resumes it.
Live
ETH implied voldvol · 1 min
Nine scheduled LLM roles that review Kato and propose changes. Never in the trading path: changes are clamped to set ranges and checked by risk.