Trade Perpetuals,
against your favorite protocol
Aave
Uniswap
HyperliquidLeverUp
MorphoKuruand
ecosystem metrics
Monad
Solana
Ethereum
Base
Aave TVLAAVE-TVL$14.9395Uniswap TVLUNI-TVL$2.9351Morpho TVLMORPHO-TVL$8.0949Hyperliquid TVLHYPE-TVL$6.1969Aave TVLAAVE-TVL$14.9395Uniswap TVLUNI-TVL$2.9351Morpho TVLMORPHO-TVL$8.0949Hyperliquid TVLHYPE-TVL$6.1969Uniswap 24H volumeUNI-VOL-24H$0.7845Hyperliquid 24H volumeHYPE-VOL-24H$0.0276Monad 7D inflowMONAD-INFLOW-7D+$0.0537Solana 7D stablecoin inflowSOL-INFLOW-7D-$0.3132Uniswap 24H volumeUNI-VOL-24H$0.7845Hyperliquid 24H volumeHYPE-VOL-24H$0.0276Monad 7D inflowMONAD-INFLOW-7D+$0.0537Solana 7D stablecoin inflowSOL-INFLOW-7D-$0.3132Live protocol and ecosystem mark indices
Up to 50x leverage. Near-instant settlement on Monad, zero gas fees.
MonadConnectAave Global TVL
TVL
Mark
—
Oracle
—
24h Change
+0.00%
Open Interest
—
Lending protocols, DEXs, and blockchains emit verifiable economic data through smart contracts and open indexers. On Untarred, traders open perpetual positions on those metrics without holding the underlying tokens.
Untarred Metric Feeds (UMF) is the onchain scoring layer that aggregates independent public and private feeds into authoritative mark indices. Those UMF scores become the oracle price feeds every perpetual references on Monad.
You are not buying Aave tokens, UNI, or Kuru. You are taking a view on whether a DeFi economic index rises or falls — from Aave TVL to Monad-native lending on Curvance — settled in USDC against the vault.
AAVE-TVL
Long · 5x
24H and 7D markets use sliding time windows. On Untarred, open positions anytime with no expiry and trade with conviction against the metrics themselves, the way you would on any perp at a major DEX.
Rolling 24H window
Untarred Metric Feeds (UMF)
Node stake
100,000 $UTR staked per oracle node to participate
Emissions
Nodes earn $UTR for honest, timely reporting
Pull oracle
The leader requests fresh observations on demand
Gossip network
Signed UMF observations propagate P2P between nodes
Median consensus
The network reports the median, never the average
Quorum co-sign
Followers co-sign until quorum is reached, 4 of 7
Low latency
~100ms observation rounds, powered by Monad
Independent sources
Each node fetches from DefiLlama, explorers, and RPC
Node stake
100,000 $UTR staked per oracle node to participate
Emissions
Nodes earn $UTR for honest, timely reporting
Pull oracle
The leader requests fresh observations on demand
Gossip network
Signed UMF observations propagate P2P between nodes
Median consensus
The network reports the median, never the average
Quorum co-sign
Followers co-sign until quorum is reached, 4 of 7
Low latency
~100ms observation rounds, powered by Monad
Independent sources
Each node fetches from DefiLlama, explorers, and RPC
$UTR is the deflationary token of Untarred. Traders will use it alongside USDC and MON to open and manage perpetual positions. Trading fees are routed to stakers.
Holders contribute to protocol decisions and help shape its growth through a token governance model.
Perpetuals on DeFi economic metrics: protocol TVL, DEX volume, chain stablecoin flow, and more. You take a view on whether an index rises or falls, settled in USDC against the vault.
Untarred runs a decentralized pull oracle. A network of staked nodes independently fetches each metric from sources like DefiLlama, block explorers, and on-chain RPC. Every round, a leader requests fresh observations over a peer-to-peer gossip network, and the network reports the median, never the average, once enough followers co-sign. Rounds settle in around 100ms, so the rolling 24H and 7D marks stay current.
Anyone can run an oracle node by staking 100,000 $UTR. Nodes run the pull-oracle client and fetch metrics from independent public sources. Honest, timely operators earn $UTR emissions for their work.
Most perps track token prices. Untarred tracks macro DeFi data instead. You are not buying Aave or UNI. You are longing or shorting the metric itself, like TVL or volume, with standard perpetual mechanics.
USDC and MON are the primary collateral for opening and managing positions. $UTR and other supported assets will be available as the platform expands.
LPs deposit USDC into a shared vault that acts as counterparty to all trades. The vault earns trading fees and net trader losses, similar to a GLP or gTrade-style pool, across every metric market.
$UTR is coming soon. It will be used for positions, fee sharing with stakers, and protocol governance. Details will be published ahead of launch.