Pricing
European structures
Black–Scholes, d1/d2, delta, gamma, vega. Live on Quant Command. Used to size issuance and hedges, not to pretend we are the quote.
Engine
Software that prices, gates, and meters. Not a prop book.
Serious desks run four rooms: venue connectivity, on-chain connectivity, quant, and low-level infra. We run the rooms that sit under theirs — pricing glass, Monte Carlo, policy velocity, x402 metering — on UnyKorn hardware and UnyKorn code.
We do not publish trades-per-day. We do not trade proprietary capital as a market maker. If you need that book, you already know who has it. If you need the asset and the rails to survive that book, you are on the right domain.
What the engine actually does
Simulation
GBM paths
Pathwise stress for unlock calendars and T-bill sleeves. See the left tail before you mint into it.
Policy
Velocity + freeze
The algorithm that matters on our side is the one that refuses a mint. 2-of-N. Whitelist. Human review.
Metering
x402
HTTP 402 on Solana and Polygon USDC. Agents pay. Receipts persist. No free crawl of the inventory.
Signals
GMIIE
xxxiii.io feeds the cockpit. Macro rings into operator glass. We do not sell “better alpha than the multi-strat.”
Custody hook
BitGo policy pack
The engine ends in a named vault, not a hot wallet with a logo on it.