Your XMR.
Earning dollars.
Privately.

Delta measures how much your portfolio moves when the underlying asset price changes. A delta-neutral position means your total value doesn't change when XMR price moves. If you hold 1 XMR (long delta) and short 1 XMR worth of perpetual futures (short delta), the two cancel out: price up or down, your USD value stays the same.

Perpetual futures don't expire, so exchanges use a funding mechanism to keep the futures price close to the spot price. When the market is bullish (futures trade above spot), longs pay shorts a periodic fee. Since you hold the short, you collect that fee. The current rate is shown on the hedge screen; historically on XMR/USD it has been meaningfully positive, though it fluctuates with market sentiment.

No. Nerodolla doesn't issue any token. Nothing is minted, no ledger is updated, no smart contract holds your funds. You hold XMR directly in your own wallet, and your Lighter trading account is controlled by your own keys. Nerodolla is software, a tool that coordinates these two positions for you.

Yes, if XMR price rises sharply and your short loses more than your collateral. You control the risk: when opening a hedge you choose how much USDC collateral to deposit, which determines your margin buffer. The app monitors your position and warns you when margin gets thin, giving you time to top up or close. More collateral = wider safety margin, less collateral = higher capital efficiency but greater liquidation risk.

Lighter is a ZK-native on-chain perpetuals exchange. Your trading account and keys are fully self-custodied. Lighter holds no custody over your funds. The exchange settles on a ZK rollup, giving you on-chain security with fast order execution and low fees.

Because Lighter is a ZK rollup with on-chain settlement, you can always exit your position and withdraw funds directly from the chain, even if the frontend or API is unavailable. Your XMR wallet is also entirely independent. It lives on your device and the Monero network. In the worst case, your XMR is safe; you just lose the hedge temporarily.

No. Nerodolla requires no account creation, no email address, no identity verification. You generate a wallet locally, fund it with XMR, and the app handles the rest using your own keys. Lighter itself currently doesn't require KYC either.

Bitcoin and Ethereum have transparent blockchains. Every transaction is public. This means exchanges can flag coins, governments can trace flows, and your financial history is permanently visible. Monero was designed from the start to be untraceable and fungible. Every XMR is equal, and there is no way to link your Monero wallet to your Lighter hedge account.

Yes. The app integrates wagyu, a cross-chain swap protocol, so you can fund your XMR wallet directly from SOL, ETH, USDC, BTC, or dozens of other tokens across Bitcoin, Ethereum, Solana, and other supported chains. No exchange account, no KYC. The swap happens privately: the XMR lands directly in your in-app wallet as if you'd sent it manually.

The MM bot is an optional feature built into the app. When enabled, it automatically places buy and sell limit orders around the current XMR/USD price on Lighter. When orders fill, the bot aims to capture the bid-ask spread — though this is not guaranteed and depends on market conditions. Because your hedge position already represents short XMR inventory, the bot uses it as the basis for quoting, with no extra collateral locked up. You can toggle it on or off at any time without closing your hedge.

Opening or closing a hedge costs 0.5% of position size. This is Nerodolla's revenue: it's how the app is sustained without subscriptions, tokens, or hidden cuts elsewhere.

We put the fee here deliberately. Getting XMR into your wallet (wagyu swaps) should cost nothing extra. A frictionless entry lowers the barrier. The hedge fee also aligns incentives: it nudges toward longer-term positions, which is the right way to use the tool. Open once, hold, earn funding. Frequent open/close cycling is discouraged by design.

No Nerodolla fee on wagyu swaps, the MM bot, or Lighter withdrawals. Wagyu's own exchange spread and Lighter's withdrawal fee apply independently.

One thing we do cover: the Ethereum mainnet gas to relay your USDC to wagyu on the unhedge leg. You don't need an ETH wallet or any ETH for gas. We handle it.