DOCUMENTATION
Private beta guide
Choose 3x long or 2x short. Hold one token. Track NAV, leverage, and the backing position.
START HERE
Each Ocelot token tracks one market, one direction, and one leverage target through a pooled perpetual position.
NAV reflects the pool’s collateral, position PnL, funding, fees, execution, and rebalancing.
PLAIN-ENGLISH VERSION
SOL3L targets roughly three times short-interval SOL moves before costs. Rebalancing and costs make longer-term returns path dependent.
SOL
Single-move example
If SOL moves
+5.0%
SOL3L
~+15.0%
3x long
SOL2S
~-10.0%
2x short
Held in your wallet
One SPL token represents your share of a managed position.
Protocol-managed exposure
The backing position is designed to stay near the leverage printed in the token name.
No personal margin balance
You do not maintain a separate collateral balance, but the token NAV can still approach zero.
YOU CHOOSE
The asset, direction, and deposit amount.
THE PRODUCT HANDLES
The pooled Phoenix position and rebalances.
YOU TRACK
NAV, active leverage, costs, and backing data.
MENTAL MODEL
One pool backs one token. Deposit USDC, receive shares, and watch NAV move with the managed position.
Select one product, review the estimate, and deposit USDC.
After execution, product tokens are minted to your wallet.
The backing position is resized when leverage leaves its band.
Burn tokens for your share of product equity, net of execution and costs.
At a 0.10% mint fee, $999.00 enters the product.
At $1.00 NAV, the wallet receives 999 tokens.
Favorable PnL lifts equity while funding and execution reduce it.
999 × $1.142, less the configured redemption fee.
PRODUCT REGISTRY
Private beta: SOL, NVDA, and GOLD in 3x long and 2x short.
Everything else is preview-only until deposits open.
SolanaSOL
BitcoinBTC
EthereumETH
HyperliquidHYPE
ZcashZEC
NvidiaNVDA
MicronMU
TeslaTSLA
MetaMETA
GoldGOLD
OilOIL
CopperCOPPER
SilverSILVERYOUR FIRST POSITION
Deposit USDC to mint at current NAV. Redeem tokens for your share of pool equity. The preview can move before execution.
MECHANICS
Active leverage moves with price. The keeper resizes the position when leverage leaves its control range.
The private-beta range is ±10% around target. Trends can compound; reversals and costs can drag returns below the simple multiple.
The band limits unnecessary trading around every small price move.
A 2x short product uses a 1.80x–2.20x band, measured by exposure magnitude.
COSTS
Mint, redemption, streaming, funding, and execution costs flow into NAV. Live on-chain rates are the source of truth.
Funding can be a cost or a credit. The app shows its estimated impact for the selected product.
READ BEFORE TRADING
Leverage amplifies gains and losses. NAV can approach zero. Funding, fees, execution, liquidity, rebalancing, oracle, venue, and software risk can reduce value.
BACKING AND ACCOUNTING
Each product exposes its mint, collateral, fees, backing position, NAV, and active leverage.
Snapshots include observation time and Solana slot so values can be checked against chain state.
TRACEABLE PRODUCT SNAPSHOT
PUBLIC FIELDS
NAV / TOKEN
MARKED EQUITY ÷ SUPPLY
ACTIVE LEVERAGE
POSITION NOTIONAL ÷ EQUITY
BACKING POSITION
MARKET · SIZE · UNREALIZED PNL
SNAPSHOT
OBSERVATION TIME · SOLANA SLOT
COMMON QUESTIONS
One token represents a share of one product pool—not the underlying asset or a personal margin account.
COMING NEXT
A vault combines Ocelot tokens under a public allocation and rebalance policy.
Vaults are preview-only. Fees and live track records must be visible before deposits open.
BUILT ON SOLANA
Ocelot products are fungible SPL tokens that compatible Solana apps can hold and transfer.
Trading, lending, or collateral use depends on each venue’s support and risk rules.
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Long or short exposure, packaged as one Solana token.
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