DeFi Risk Hedging Protocol for On-Chain Metrics

@throbmarket

Signals

  • Funding Rate
  • Pool Utilization
  • Long/Short Ratio
  • Exchange Flows
  • Book Imbalance

Product

  • Studio
  • Dashboard
  • Risk
  • Journal
  • Agent
  • Pro tier

Protocol

  • Monitoring
  • Whitepaper
  • THROB Token
  • FAQ
  • Terms
  • Privacy
  • Report a vulnerability

Important. Please read

Not a betting service

Throb is a risk management protocol for on-chain metrics. It is not a casino, sportsbook or betting service, is not operated as one, and offers no game of chance.

No returns are promised

No yield, APY, return or profit is offered, implied or guaranteed. Positions resolve against you as often as for you, and you can lose everything you commit.

Not financial advice

Nothing in this interface is financial, investment, legal or tax advice. No part of it is a recommendation to take any position. Do your own research and take professional advice before committing funds.

Experimental and immutable

These contracts are unaudited. The market engine is immutable, with no pause switch, no upgrade path and no way to recover funds lost to a bug. A disclosed multisig can halt new cross-venue attestations, which stops new hedges opening against exposure held on another chain and never reaches an open position, a settlement or a claim. Commit only what you can afford to lose entirely.

Your jurisdiction is your responsibility

Availability is restricted in some jurisdictions. It is your responsibility to confirm you may lawfully use this software where you live. Access is not offered where it would be unlawful.

Non-custodial

Core markets do not give a team wallet custody of user collateral. Collateral sits in immutable protocol contracts and cannot be withdrawn by the treasury or operations Safe.

© 2026 Throb. Released under the MIT licence.

Developed byKryptik WorksDecoding the Decentralized Future
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Arena dimension
The objective

Beat the default hedge.

The default is the mechanical hedge: an equal split across the signals your exposure touches, each on the side Throb would require. Arena asks one question: can you choose a better split than that default? You never open a position and you never stake anything. You submit a guess, and the market grades it.

  1. 1Choose what and how longA symbol you care about, and a window. An hour up to a week.
  2. 2Split 100% across five signalsPut weight where you think the pressure will actually come from.
  3. 3The market scores itWhen the window closes, your split is graded against the default on the same real path.
Costs nothing, either way. Entering is free in every tier. Holding exposure and THROB makes an entry ranked so it moves your rating, without them it is practice, which still scores and still shows you where you were wrong.
Build an entry↓
Training simulator. Every number in this panel is generated in your browser from the controls below, no contract is read and nothing is submitted on-chain. Your real Arena record is further down the page.
Training card
Funding rate
Funding squeeze
Field
Crowded ETH long book
Default hedge
Protocol 72
Signal move
+12.4%
Effectiveness83
Calibration94
Structure76
Tune hedge

Signal field

Focus the pressure you think the protocol underweights

The wave is signal heat: taller and faster means the arena card is more stressed.

Your score 76
Focused pressure
Funding Rate
no reading

Build your strategy

BTC · 24h
Term
Funding Rate20%
Pool Utilization20%
Long/Short Ratio20%
Exchange Flows20%
Book Imbalance20%
Allocated100% of 100%
Strategy cardC4JDEJ
Asset
BTC
Direction
Higher
Hedged
100%
Legs
5

Strategy parameters only · no wallet data

A picture of this strategy's shape, drawn from its asset, direction, hedge ratio, term and legs. The same strategy always draws the same plate, and C4JDEJ is that strategy's short name.

Standings

Top 25, held on-chain. Anyone can keep it current.

Reading the standings.

A snapshot, not a live ranking. Rows change only when somebody publishes them, and a rating drifts downward on its own while an account is inactive, so a place here is a claim about when it was last read. Nobody can enter a score: publishing an account copies whatever rating the protocol already holds for it.

What Arena promises, and what it does not

Free to enter

Submitting is free in every tier. Ranked asks you to hold 10,000 THROB and to carry verified exposure. Both are checks, not charges. Nothing is transferred, escrowed or staked to take part, and no tier buys a better score.

Practice is a sandbox

Practice never affects a rating and never enters the Strategy Index. That is structural, not a weighting. An open tier that contributed a diluted signal would be an attack surface, and one that contributes nothing cannot be.

On luck

A single card contains luck. Scoring against a fixed benchmark on the same path, ranking within the cohort that faced it, and attaching standing to a rating built over many rounds all shrink that. They do not remove it. Ratings are published as a conservative bound for exactly this reason.

The whole product in one question: can you build a better hedge than the protocol’s own default? Every card pre-fills the mechanical hedge Throb would have put you in, and scores what you built against it, on the same market path, ranked against everyone who faced it.