VIBES

VIBES refers to an attempt to make structured derivatives a minimal mobile trade: the underlying primitives are barrier options, range accrual and path-dependent payouts from traditional markets, while the front end keeps only three actions, pick an asset, pick a tenor, enter an amount.

Instead of settling at expiry alone, the product accrues by path, so a price that stays inside the range keeps earning and a touch of the barrier ends the position early; there is therefore no liquidation price and no wipeout from a single wick, and a position can be closed before expiry at current net value. Tenors run in hours and days, aimed at users with a directional view who do not want to manage margin, with pricing and settlement handled by on-chain contracts and oracles and terms fixed at entry. Several range positions can be held on one asset at once, and combined they express a view on the width of the move.