Nado
Vertically-integrated orderbook DEX on Ink L2 with unified perps, spot, and margin lending powered by an off-chain sequencer and on-chain settlement
Farming Overview
Key Statistics
How to Farm Nado
- Open to everyone since May 21, 2026 — Season 2 needs no invite code
- Trade perpetual futures to earn Nado Points
- Weekly USDT0 reward pool since Aug 3 scales with volume — $50K/wk at $200M average daily volume, capped at $100K/wk
- Provide liquidity to the NLP vault for passive fee exposure
- Trade spot markets (USDT0, kBTC, wETH, USDC supported)
- Points pay out in INK at Ink's TGE — expected Q3 2026, but not officially dated
Why Farm Nado?
- Early stage, but open access since May 2026
- Built by former Kraken engineers on Kraken's own L2 (Ink)
- Nado Points expected to convert to tokens at TGE (token details not yet confirmed)
- Strong metrics: $49.6M TVL, $2.58B 30d volume
- 50x TVL growth in ~3 months
- Potential to become the primary perp venue across the Superchain
About Nado
Nado is a vertically-integrated decentralized exchange for spot and perpetual futures built on Ink, Kraken's L2. It features an off-chain sequencer and on-chain settlement, delivering a high-performance CLOB experience where trades execute in 5-15 milliseconds. The platform unifies perps, spot, and margin lending under a single margin engine, with deep liquidity powered by the NLP (Nado Liquidity Provider) vault. Built by former Kraken engineers, Nado is designed as the central liquidity layer for the Ink ecosystem.
Access Requirements
- Open to everyone since May 21, 2026 — Season 2 requires no invite code
- Early access users earn Nado Points for platform activity
- Nado has airdropped official NFTs to early alpha participants
NLP Vault
- Deposit USDT0 to provide liquidity passively
- Capital is routed into market-making and liquidation strategies
- LPs earn trading and liquidation fees
- Deeper order books benefit all traders with lower slippage
Similar Perp DEX Protocols
Frequently Asked Questions
What is Nado and how does it work?
Nado is a vertically-integrated decentralized exchange for spot and perpetual futures built on Ink, Kraken's L2. It features an off-chain sequencer and on-chain settlement, delivering a high-performance CLOB experience where trades execute in 5-15 milliseconds. The platform unifies perps, spot, and margin lending under a single margin engine, with deep liquidity powered by the NLP (Nado Liquidity Provider) vault. Built by former Kraken engineers, Nado is designed as the central liquidity layer for the Ink ecosystem.
How do I farm the Nado airdrop?
To farm the Nado airdrop, you should: Open to everyone since May 21, 2026 — Season 2 needs no invite code. Trade perpetual futures to earn Nado Points. Weekly USDT0 reward pool since Aug 3 scales with volume — $50K/wk at $200M average daily volume, capped at $100K/wk. Provide liquidity to the NLP vault for passive fee exposure. Nado is currently in the mid-late farming stage with farming active airdrop status.
What is the expected value of the Nado airdrop?
The Nado airdrop has an expected value rating of 4 out of 5 ($$$$). The farming stage is mid-late and the airdrop status is farming active. Expected value ratings on The Farmers Market consider factors like protocol TVL, funding, team quality, and token economics.
Why should I farm Nado?
Early stage, but open access since May 2026 Built by former Kraken engineers on Kraken's own L2 (Ink) Nado Points expected to convert to tokens at TGE (token details not yet confirmed)