Nado
Central-limit order-book DEX on Kraken's Ink L2 offering spot, perpetuals and money markets under unified margin, built by the former Vertex Protocol team.
Volume (24h)$139.18MUSDT markets tracked live
Coins82with USDT pairs
Spot / Perp markets0 / 82tracked by ArbiLayer
Base fees0.01% / 0.035%maker / taker, perp
About Nado
Central-limit order-book DEX on Kraken's Ink L2 offering spot, perpetuals and money markets under unified margin, built by the former Vertex Protocol team.
Trading fees
Official fee schedule ↗SpotBase tier
Maker0.01%
Taker0.035%
PerpetualsBase tier
Maker0.01%
Taker0.035%
- Volume tiers updated monthly: taker down to 1.5 bps and maker rebates up to -0.8 bps at $5B+ volume
- Order placement and deposits carry no sequencer fee
Withdrawals: Flat sequencer fee: 1 USDT0 / 0.0006 wETH / 0.00004 kBTC; fast withdrawals add max(5 USDT0, 0.1%)
New users
Season 2 points programme with weekly distributions
- Season 2 started 21 May 2026: weekly pool of 300K points floor rising to 950K with protocol volume
- Points share depends on trading activity, fee tier and behaviour metrics
- Points-based referral programme; fee-commission Referrals V2 announced
- Nado activity counts toward the INK ecosystem airdrop
Claim on Nado ↗Terms and regional eligibility vary. Check the offer page before signing up.
Volume fee tiers
VIP program ↗Tier is based on trading volume, tiers updated monthly.
TierRequirementSpot makerSpot takerPerp makerPerp taker
Entry$0 volume0.01%0.035%0.01%0.035%
Mid (example)$25M volume0.005%0.03%0.005%0.03%
Elite$5B+ volume-0.008%0.015%-0.008%0.015%
- TVL about $52.6M per DefiLlama (2026-10-01)
- Collateral held in on-chain contracts on Ink; NLP vault provides liquidity
Company
Products
SpotPerpetual futures (up to 20x)Unified cross-marginMoney markets (lending/borrowing)NLP liquidity vaultTokenized stocks as collateralBuilder codes
Not available in
BelarusCubaIranNorth KoreaPanamaRussiaSyriaCrimea, Donetsk and Luhansk regionsUnited States (view-only)Canada (view-only)
Volume, last 7 days
7 days agonow
Top markets
ArbiLayer does not track live markets on this exchange yet.