Raven Market

3 min read

A non-custodial digital options trading protocol on Canton Network. Pick a direction, know your payout upfront, and let the protocol settle every outcome transparently on-chain.

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Quickstart

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Digital Options

Understand what digital options are and why they're different.

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Contract Lifecycle

How daily and weekly contracts open, trade, settle, and reset.

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Closing Positions

Exit early — fully or partially — before expiry.

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Arctan AMM

How Raven prices odds dynamically and stays solvent without a centralized market maker.

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Disclaimer

Risks, limitations, and terms to understand before you trade.

What is Raven Market?

Raven Market is a decentralized protocol for trading digital options on crypto assets, built on Canton Network. Each contract pays a fixed, predetermined amount — or nothing — depending on whether the underlying asset price lands above or below a strike price at expiry.

The premise is simple: form a view on price direction, commit your stake, and wait for settlement. No leverage to manage. No margin calls. No liquidations. Your maximum loss is always your entry stake — nothing more.

🔷 Built on Canton Network

Raven Market runs on Canton — a privacy-preserving, enterprise-grade distributed ledger with sub-second finality and deterministic smart contract execution. Unlike EVM chains, Canton provides privacy by default and a fundamentally different wallet and identity model. Raven is one of the first consumer-facing DeFi protocols built natively on Canton.

At Launch

Feature	Launch State
Underlying Market	CC (Canton Coin) — USD-denominated price
Contract Cadences	Daily and Weekly
Collateral Currency	CC (Canton Coin)
Settlement Oracle	Chainlink
Liquidity Model	Protocol-seeded pool (no LP deposits required)
Custody	Non-custodial, permissionless

Additional assets (BTC, ETH, and other major markets) and USDC-denominated contracts (USDCx) are on the roadmap as the protocol scales.

Why Raven Market?

Perpetuals dominate on-chain derivatives — but they come with funding rates, liquidation cascades, and a need for constant position management. Vanilla options add Greeks, volatility surfaces, and active hedging on top.

Raven strips it all back. Digital options are the cleanest expression of directional conviction: pick a direction, define your risk, and wait. No open-ended downside. No complexity. No surprises at settlement.

Feature	Raven Digital Options	Perpetuals	Vanilla Options
Max loss	Stake only	Full margin + more	Premium only
Liquidation risk	None	Yes	None
Funding rates	None	Continuous	None
Complexity	Low	High	Very High
Payout certainty	Fixed, known before entry	Open-ended	Variable above strike
Position management	Set and forget	Active required	Active required

Quickstart