Vyper Protocol
Vyper Protocol is a London-based DeFi protocol operating a non-custodial decentralized exchange for on-chain binary options (UP/DOWN markets) on crypto, forex, commodities, and synthetic assets, serving retail crypto traders across Solana and EVM chains.
- Company typePrivate
- Founded2022
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Vyper Protocol does
Vyper Protocol is a London-based decentralized finance protocol founded in 2022 that operates a derivatives exchange for on-chain binary options (UP/DOWN markets) on crypto, NFTs, forex, commodities, volatility, and synthetic assets. The core product, Vyper DEX, is a non-custodial marketplace where users forecast asset price direction and pay a premium for potential payouts up to 100%, with positions fully collateralized and segregated to eliminate liquidation risk. The protocol is built natively on Solana using Pyth and Switchboard oracles, and extended to EVM-compatible chains via Chainlink, with any oracle data feed convertible into a tradeable asset. Additional offerings include a vypUSD demo account, structured products (Bitcoin Or Yield at 20% APR, LeverEdge for long-term leverage), a peer-to-peer real-world asset marketplace, and fiat onramp/offramp services.
Revenue is generated primarily through premiums collected on binary option trades and fees on structured product facilitation, marketed on a self-serve basis with no minimum deposit (entry point of 1 USDC). The platform distributes via community channels (Discord, Twitter, Telegram, Medium, GitHub) and a Telegram-based OTC desk for enterprise brokerage solutions. Reported scale at the platform level is 50+ assets, 1,500+ users, and 10k+ cumulative trades; the company has 1-10 employees, is privately held, and has raised only a $100,000 seed round from Outlier Ventures. Smart contracts are open-source and currently unaudited, and users from sanctioned jurisdictions (Crimea, Cuba, Iraq, Iran, North Korea, Syria) are restricted from use.
Vyper Protocol firmographics
Firmographics- Name
- Vyper Protocol
- Website
- https://vyperprotocol.io
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Vyper Protocol is a London-based DeFi protocol operating a non-custodial decentralized exchange for on-chain binary options (UP/DOWN markets) on crypto, forex, commodities, and synthetic assets, serving retail crypto traders across Solana and EVM chains.
- Ownership category
- akta.pro rank
Vyper Protocol industry classification
Industry- Product category
- Decentralized Derivatives Trading Platform
- NAICS
- Securities and Commodity Exchanges (523210), Commodity Contracts Intermediation (52316)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Options & Structured Products DEXs (FSADABAF)
- akta.pro secondary industries
- Decentralized Derivatives (perps, options, futures, synthetics) (FSAPAEAC), Derivatives, Perpetuals & Options Protocols (FSADAMAC)
Keywords
Where Vyper Protocol is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Vyper Protocol business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Binary Option Premiums: Users pay a premium to enter UP or DOWN trades. Profit is earned if the trade direction matches the settlement. The premium represents the cost of the option contract.
- Structured Products: Bitcoin Or Yield product offering 20% APR on stablecoins if BTC stays above $25,000. LeverEdge provides long-term leverage with lower funding rates. RWA investments in ETFs, commodities, real estate.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Self-serve trading with no minimum deposit |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Vyper Protocol product offering
Product offeringCore offering
Vyper Protocol operates Vyper DEX, a decentralized derivatives marketplace that lets users trade binary options (UP/DOWN markets) on 50+ assets including cryptocurrencies, NFTs, forex, commodities, volatility, and synthetics, with fully collateralized, segregated positions that cannot be liquidated. The platform also offers structured DeFi products (Bitcoin Or Yield, LeverEdge), a peer-to-peer real-world asset marketplace, and a fiat onramp-offramp service, all accessible without registration via the self-serve trading interface at sol.vyperprotocol.io/trade.
Product overview
Vyper Protocol operates as a unified decentralized derivatives exchange platform built for trading on-chain binary options (UP/DOWN markets) across crypto, forex, commodities, and synthetic assets. The core Vyper DEX product supports 50+ assets via oracle integrations with Chainlink (EVM), Pyth and Switchboard (Solana). The platform also offers a suite of DeFi brokerage solutions including structured products (Bitcoin Or Yield, LeverEdge, RWA) and a fiat onramp-offramp service. Users can practice trading with vypUSD demo currency before using real funds.
Differentiator
Problem solved
Functional benefit
Brands
- vypUSD: Demo currency used for practise trading on the platform
Products and services
- Vyper DEX (UP/DOWN Binary Options Exchange) A decentralized derivatives exchange marketplace that allows users to trade on-chain binary options (UP/DOWN markets) on 50+ assets including cryptocurrencies (BTC, ETH, BNB, SOL, PEPE, BONK and others), NFTs, forex, commodities, volatility, and synthetic instruments. Users forecast the direction of an asset and pay a premium; positions are fully collateralized and segregated (cannot be liquidated), built on Solana (via Pyth/Switchboard oracles) and EVM chains (via Chainlink). Targeted at retail crypto traders worldwide (excluding restricted jurisdictions), with no registration required.
- Bitcoin Or Yield A structured DeFi product offering 20% APR on stablecoin deposits if the BTC price stays above $25,000; if BTC drops below the threshold, the stablecoins are used to buy BTC at a discount. Targeted at yield-seeking crypto investors and accessed via Vyper's OTC desk.
- LeverEdge A leveraged DeFi solution that provides long-term leverage without the liquidation risk typical of perpetual futures, featuring significantly lower funding rates than other platforms. Targeted at traders seeking persistent leveraged exposure to crypto assets.
- Real World Assets (RWA) Marketplace A peer-to-peer marketplace built on Vyper that enables users to invest in real-world assets including ETFs, commodities, and real estate via a decentralized platform, with personalized quotes provided through the OTC desk.
- Fiat Onramp-Offramp Brokerage A brokerage service for large-scale fiat transactions and stablecoin exchanges, facilitated through Vyper's network of liquidity providers and accessed via the OTC Telegram channel.
Quantifiable outcome
- Up to 100% returns on successful binary option trades
- +1 more outcomes
Companies that use Vyper Protocol
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Vyper Protocol technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
Vyper Protocol partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, core and minor.
- BNB ChainflagshipBNB Chain selected Vyper Protocol as a winner of their European Innovation Program, recognizing the project's exceptional potential in the blockchain ecosystem.
- TradingViewcoreVyper uses TradingView technology to present trading data on charts. TradingView is a widely-loved charting platform among millions of traders worldwide offering advanced charting tools.
- PythcorePyth oracle provides data feeds supported on Solana. Any data feed from Pyth can become a tradeable asset on Vyper.
- SwitchboardcoreSwitchboard oracle provides data feeds supported on Solana. Any data feed from Switchboard can become a tradeable asset on Vyper.
- ChainlinkcoreChainlink oracles are supported on EVM chains. All Chainlink oracle data feeds are supported enabling trading on Ethereum and other EVM-compatible networks.
- GuacaDAOminorGuacaDAO core team uses and endorses Vyper Protocol. The GUAC Intern/Core team has provided positive feedback on the platform's product and trading experience.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Vyper Protocol competitors and assessment
Company assessmentDirect peers
- GMX: Decentralized perpetual and swap DEX on Arbitrum/Avalanche; directly competes with Vyper for on-chain retail derivatives traders using a non-custodial model.
- dYdX: Decentralized perpetual futures exchange serving retail and pro traders with order-book and perpetual products — direct substitute for Vyper's derivatives offering.
- Hegic (Hegenda): Pioneer on-chain options protocol offering long/short put/call options on crypto — operates in the same decentralized binary/vanilla options category as Vyper.
- Lyra Finance: Decentralized options AMM on Optimism providing vanilla and structured options — directly overlaps Vyper's UP/DOWN options and structured products.
- Ribbon Finance: DeFi structured products protocol offering covered calls, puts, and yield-generating vaults — overlaps Vyper's structured products layer (Bitcoin Or Yield, LeverEdge).
- Dopex: Decentralized options protocol on Arbitrum providing options vaults and structured derivatives — competes with Vyper for options LP demand and structured yield.
- Premia: On-chain options AMM on Arbitrum/Base supporting calls, puts, and structured products — directly comparable in decentralized options execution.
Emerging players
- Aevo: Decentralized derivatives exchange offering perpetuals and pre-launch token options via an order book — partially overlapping in DEX options with a more pro-trader UX focus.
- Kwenta: Decentralized perpetual and synthetic-futures exchange on Optimism powered by Synthetix — competes with Vyper for on-chain derivatives traders with a multi-asset synthetic book.
Broad incumbents
- Synthetix: DeFi synthetic-asset and perps infrastructure on Optimism serving as the backbone for protocols like Kwenta — broader incumbent that intersects with Vyper's synthetic-asset direction.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Vyper Protocol social profiles
Digital presenceVyper Protocol compliance and trust
Trust signalCompliance1 record
Vyper Protocol financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vyper Protocol leadership team
Management profileNumber of profiles
Vyper Protocol funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vyper Protocol M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vyper Protocol
What does Vyper Protocol do?
Vyper Protocol operates Vyper DEX, a decentralized derivatives marketplace that lets users trade binary options (UP/DOWN markets) on 50+ assets including cryptocurrencies, NFTs, forex, commodities, volatility, and synthetics, with fully collateralized, segregated positions that cannot be liquidated. The platform also offers structured DeFi products (Bitcoin Or Yield, LeverEdge), a peer-to-peer real-world asset marketplace, and a fiat onramp-offramp service, all accessible without registration via the self-serve trading interface at sol.vyperprotocol.io/trade.
Is Vyper Protocol a public or private company?
Vyper Protocol is a private company. It is classified as venture growth investor backed and is currently operating.
When was Vyper Protocol founded?
Vyper Protocol was founded in 2022. It employs 1 to 10 people.
Where is Vyper Protocol based?
Vyper Protocol is headquartered in London, United Kingdom, in the Europe region.
How does Vyper Protocol make money?
Two revenue lines are on record. Binary Option Premiums are the primary driver. The others are structured Products.
Who are Vyper Protocol's main competitors?
Direct peers on record are GMX, dYdX, Hegic (Hegenda), Lyra Finance, Ribbon Finance, Dopex and Premia. Emerging players are Aevo and Kwenta. Synthetix is listed as a broad incumbent.
Does Vyper Protocol have an API?
No public API is recorded for Vyper Protocol.
What industry is Vyper Protocol in?
Vyper Protocol's product category is Decentralized Derivatives Trading Platform. Its primary akta.pro industry code is FSADABAF, Options & Structured Products DEXs, with a secondary code of FSAPAEAC, Decentralized Derivatives (perps, options, futures, synthetics). Its NAICS code is 523210 and its SIC code is 6200.