A small desk, on one chain.
KeelFlow makes markets for venues on Robinhood Chain and advises the teams building them. Four seats, one consolidated view of the market, and a public terminal that shows the same readings we quote against.
What the desk is for
Tokenised equities and crypto pairs on a young chain start with thin books. A venue can wait for organic makers, or it can start with a desk that prices every listing from the whole market and keeps quoting when the tape gets loud. We do the second one, and we tell venue teams what their fee schedule and sequencing rules will do to everyone else who quotes there.
Where this goes
Fragmented venues with extractive makers is the default outcome, and it is a bad one for everybody except the makers. We would rather run a desk that can publish its own numbers, take the scrutiny that comes with that, and compete on quotes instead of on information the other side cannot see.
What we hold to
- Show the number
- Anything we claim about a book is computed from a feed a reader can call themselves. The terminal exists so that partners can check us rather than trust us.
- Same book for everyone
- We quote the venue, not the counterparty. No hidden tier gets a better price from us than the screen shows.
- Quotes that hold
- Width is set by measured volatility and inventory. A quote that only exists in calm markets is not liquidity, it is decoration.
- Say what we will not do
- Wash volume, self-crossing for points and incentive farming that leaves a venue thinner than it started are not products we sell.
The four seats
We trade under handles for now. Names go up when the desk is ready to put them next to a track record rather than a promise.
- Helm
QUANT AND QUOTING
- Fair-value model that prices every venue from one consolidated book
- Quote width, skew and inventory limits
- Research notes on flow quality
- Bosun
EXECUTION AND INFRASTRUCTURE
- Market data feeds, order gateways and latency budgets
- Uptime, failover and the public Flow Terminal
- Robinhood Chain node and sequencer-feed tooling
- Purser
VENUES AND PARTNERSHIPS
- Onboarding venues and listing windows
- Liquidity programs, fee schedules and reporting to partners
- The $KEEL launch and community channels
- Navigator
PROTOCOL RESEARCH
- Sequencing, MEV exposure and oracle timing on Robinhood Chain
- Market-design reviews for venue teams
- Smart-contract reviews for vaults and routing
Working with us
Send the pairs you want quoted, the fee schedule, the sequencing rules and the launch date. We come back with the width and size we would hold, what we would change in the schedule, and what it would take to keep the book open through the first volatility event.
$KEEL CONTRACT: LAUNCH SOON