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Omnipair Dusk

Swap, borrow and trade with leverage in one market.

Any two Solana assets can have a full financial market: swap them, borrow against them or trade them with leverage. Anyone can create one.

Try it outRead the docs

Try it, right here.

Open a leveraged position, borrow, or swap on a live market.

Leverage

Open a leveraged long or short with isolated margin.

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Swap fees plus loan interest plus leverage interest equals 3 times your yield

Provide liquidity two-sided, or single-sided. Either way, you earn from every swap, borrow and leveraged position in the market.

srLP and jrLP, Both assets

Own a share of the whole market.

Deposit both assets for a share of everything the market earns, with no ranges to manage. Put some in junior to earn a larger share for taking losses first.

  • Swap fees
  • Loan interest
  • Leverage interest
  • hLP funding
Provide liquidity

hLP, One asset

Keep exposure to one token.

Deposit one token and earn LP yield, net of funding. The vault borrows the other side.

  • Single asset
  • Auto-rebalanced
  • Stop-loss orders
Earn with hLP

How earning works

Bad debt, liquidated, absorbed and isolated.

Every bad loan meets four layers of defense before a loss can reach senior LPs, and any loss stays inside its own market.

A bad loan’s debt runs as one stream through four nets. Keepers’ flash liquidations take most of it, the backstop some of what is left, junior capital absorbs any shortfall first, and senior capital takes the remainder. The stream ends before a wall that keeps other markets isolated.

  1. 01 Flash liquidationKeepers repay the debt and sell the collateral through any route in one transaction, for a 0.5% to 5% discount.
  2. 02 BackstopIf the loan sinks further, anyone can unwind it into the market at smoothed prices, for up to a 1% reward.
  3. 03 Junior capitalJunior LPs absorb any shortfall first, up to all their capital, in return for a larger income share.
  4. 04 Senior capitalSenior LPs take only what is left once junior capital is gone.

Isolated markets

Collateral, debt, junior capital and losses are held per market. A shortfall in one market is never passed to another.

Browse markets

Dual pricing

GAMM markets price any token from their own trades, with no oracle needed. OP-GAMM markets let a price feed guide the curve within a set cap. Either way, collateral is valued at what the curve would pay.

Launch a market

Daily borrowing limit

New borrowing of each asset is capped at 20% of the market’s depth per 24 hours by default, with a maximum of 30%.

Start borrowing

Everything a launch needs.

Built for a token’s full lifecycle, starting with the first trade.

Launch a market

Set it up in under a minute.

Pick the two assets, the opening price and the launch settings. You become the market’s operator, free to retune it later within fixed limits, after a notice period.

Create a marketRead the launch guide
Asset A, asset B and a launch panel wire into a new market. On the panel, the early fee halves from 50% down to the normal 0.3%, single big buys pay extra, trading opens at 14:00 and fees are paid in USDC. Inside the market, trading, borrowing and leverage are on from the first trade.

  • Launch premium

    Up to 50%

    Sniping costs a steep early fee that fades as trading settles.

    • Fixed
    • By time
    • By price

  • Big buys

    Pay extra

    One giant buy pays extra, so no single wallet sweeps the launch.

    • During launch

  • Trading start

    When you say

    Trading opens now, or at the time you set.

    • Now
    • Scheduled

  • Fees in

    Your pick

    Fees come in the asset you pick.

    • Input
    • Base
    • Quote

Markets that change without splitting.

In Dusk, a market’s operator retunes its fees, depth, rates and limits in place, after a notice period, so liquidity never splits across fee tiers.

Split by fee setting

Some exchanges split a pair’s liquidity into pools with different fees.

Retuned in place

Here the market itself retunes, so its liquidity stays together.

  1. Some exchanges split a pair’s liquidity into pools with different fees.
  2. Here the market itself retunes, so its liquidity stays together.
  3. Its operator announces a lower fee and more liquidity near the price.
  4. After a notice period long enough for its LPs to exit first, the same market runs the new settings.

Partners and integrations.

Omnipair works with teams across Solana, from swap routing and market data to governance.

Frequently asked questions.

What is Omnipair Dusk?

Omnipair Dusk is the V2 of Omnipair, a permissionless protocol on Solana. It gives any two Solana tokens a full market where you can swap, borrow and trade with leverage, all from the same pool of liquidity. Liquidity providers earn from all three, and anyone can open a new market.

Which tokens can I trade, borrow against or leverage?

Any token with an Omnipair market. There’s no listing process or price feed to wait for, so long-tail tokens can have lending and leverage from day one. If a market doesn’t exist yet, anyone can create one.

Does Omnipair use external oracles?

Not by default. Collateral is valued by simulating its sale through a conservative copy of the market’s own curve, using time-weighted prices that can’t be moved within a single transaction. That’s what makes margin possible on any asset with a market, including tokens that oracle-based lending protocols can’t list. A market can also opt into one price feed at launch, which guides its curve within set limits and can’t be swapped out later.

How does leverage trading work on Omnipair?

You put down margin in one token, and Dusk borrows and swaps in a single transaction so you hold a larger long or short position. You can add or remove margin, scale the position up or down, and set take-profit and stop-loss orders that execute automatically. Each position is isolated to its market.

How do I earn yield on Omnipair?

Deposit both tokens for srLP, the senior share, and earn swap fees, borrow interest and leverage interest from the whole market. Move some of it into jrLP, the junior share, to earn a larger cut of that income in return for taking losses first. Or deposit one token for hLP and earn LP yield net of funding, while keeping exposure to just that token.

What happens if a loan goes bad?

Keepers close it: they repay the debt and take the collateral at a small discount, all in one transaction. If the loan sinks further, anyone can unwind it into the market at smoothed prices. Any shortfall falls on junior LP capital first, then senior, and never leaves its market.

Can anyone launch a market on Omnipair?

Yes. Pick two tokens, an opening price and launch settings: an early fee that discourages sniping and fades over time, an extra fee on oversized buys, a scheduled start, and which token fees are paid in. Borrowing and leverage are live from the first trade. You become the market’s operator and can retune it later within fixed limits, after a notice period. A price feed, if you choose one, is fixed at launch.

How is Omnipair governed?

Protocol-level decisions are made by OMFG holders through decision markets on MetaDAO. Each market is run by its operator, at first its creator, who can appoint a manager. Every change to a market waits out a notice period long enough for its LPs to exit, and stays within Dusk’s fixed limits. LP shares carry no vote, but a DAO or other governance program can hold the operator role.

What is OMFG?

OMFG is Omnipair’s governance token. Holders decide protocol-level changes through decision markets on MetaDAO.

What are Omnipair’s official links?

App and docs: beta.omnipair.fi. X: x.com/omnipair. Discord: discord.gg/omnipair. GitHub: github.com/omnipair. Always check the URL before interacting or connecting your wallet.

More answers in the docs

Trade, borrow or fund a market today.

Create a marketBrowse markets