Nado: Perp DEX Profile, Fees and Markets | DexPal

Nado

Supported DEX

Nado is a central-limit orderbook DEX on Ink offering spot and perpetuals under unified margin with real-time risk netting, built by the team behind Kraken, with a maker-taker ladder shared across bot

Website Docs

Volume 24h: $367M▼10.22%
Open Interest: $84.5M
Fees 24h: $68.7K
Pairs: 75
Max Leverage: 50x

Asset Categories

Crypto
Commodities
ETF
Forex
Metals
Stocks

Deposit Networks

Ink

Protocol Info

Launch Date

Nov 20, 2025

Open Source

Fully Open Source

Supported Wallets

MetaMask

WalletConnect

Supported Languages

Restricted Regions

No Restrictions

Trading and orders

Markets, leverage and the controls available before you enter a position.

Order Matching Model: Off-chain Clob
Margin Modes: Isolated Cross
Supported Order Types: Market Orders
Min Position Size: $100 notional (USDT0)
Position Hedge Mode + Isolation Level: No
Subaccount Support: Yes

More about trading and orders

Reduce-Only Orders: Yes
TP/SL on Entry: Yes
Leverage by Asset Tier: Leverage varies by asset tier: up to 20x for major crypto assets (BTC, ETH); lower leverage for alternative assets and commodities (e.g., 10x for commodities like XAG-PERP and WTI-PERP)
Time In Force Options: Gtc, IOC, FOK
Market Hours: Hybrid By Asset Class

Costs and funding

Trading charges, discounts and the cost of keeping a position open.

Trading fee model: Maker/Taker
Maker Fee (Base): 0.010%
Taker Fee (Base): 0.035%
Funding Rate Interval: 1 Hr
Liquidation Fee / Penalty: 0.0000%
Fee Discount Mechanism: Referral

More about costs and funding

Variable Pair-Fee Schedule: Yes
Funding Rate Calculation: Dynamic
Funding Rate Cap: 2.0000%
Gas Fees — Order Management: 0 USDT0 maker order placement
Fee Inclusion Notes: Order Placement (Taker): 0 USDT0 (bundled with trading fee).
Zero-Fee Promotion: No

Collateral and exits

What you can deposit, where funds are held and how you get them back.

Accepted Collateral Types: ETH, USDT, BTC, USDC
Account Model: Account-Based
Withdrawal Fee: Tiered By Asset
Withdrawal Settlement Time Median: Chain Dependent
Cross-Chain Deposit Method: Bridge via official bridges (Superbridge, Bungee, Relay) from supported source chains including Ethereum, Arbitrum, Polygon, Base and others to Ink. Users can swap assets during bridging process.
Multi-Collateral Support: Yes

More about collateral and exits

Yield on Idle Collateral / Equity: Other

Security and risk

Audits, liquidation rules and who can change the system.

Oracle Provider(s): Pyth Network, Other
Liquidation Mechanism: Partial chunking via discounted assets and marked-up liabilities. When maintenance health < 0, positions are progressively liquidated starting with most liquid assets.
Insurance Fund Mechanism: Capitalized by 50% of liquidation profits; covers bad debt and insolvency risks when liquidations fail to restore solvency.
Open Source Code: Fully Open Source
Negative Balance Protection: Yes
Mark vs Last Price Liquidation: Other

Token and rewards

Token utility, points and referral programmes available to traders.

Native token lifecycle: Unlaunched
Has Points Program: Yes
Points System Name: nado points
Points Earning Mechanism: trading activity;NLP participation;referrals
Referral Program Exists: Yes
Referee Discount %: 0

More about token and rewards

Rewards Programs: Trading Rewards, Referrals

Access and experience

Regional restrictions, wallet requirements and ways to use the venue.

Geo-Restrictions: Belarus, Cuba, Iran, North Korea, Panama, Russia, Syria, Ukraine (Crimea, Donetsk, Luhansk regions); Canada and United States are view-only (no trading allowed)
Native Chain: Other
Mobile App: Mobile Optimized Web
Gas Abstraction: Gasless
Trading surfaces and pre-trade views: Web App, API
Email/Social Login: Yes

Trading pairs

Fee tiers

Fee Model

Maker/Taker

Fee Discounts

Referral

Zero Fee Trading

Variable Pair Fees

Yes

Weighted Vol Days

Withdrawal Fee

Withdrawal Delay

Chain Dependent

Funding Interval

1 Hr

Funding Mechanism

Dynamic

Volume-Based Fee Tiers

Tier	30d Volume	Maker Fee	Taker Fee
VIP 0	$0	0.0100%	0.0350%
VIP 1	≥$5m	0.0080%	0.0330%
VIP 2	≥$25m	0.0050%	0.0300%
VIP 3	≥$100m	0.0000%	0.0280%
VIP 4	≥$250m	0.0000%	0.0250%
VIP 5	≥$500m	-0.0050%	0.0180%
VIP 6	≥$1b	-0.0080%	0.0150%