Nado
PointsSeason 2 · Friday dropsOrder book DEX on Ink, from the Kraken team: spot, perps and money markets on one margin.
Referral link
My take on Nado.
Why I farm it, what is announced, how to start, and what is still unknown.
Why I farm it
- Unified margin is the draw for me: spot, perps and borrowing in one account, so a spot hold can back a perp short and a basis trade is one click.
- The weekly pool grows with the venue's volume, from a 300K floor to a 950K cap, so a busy week pays more points to share.
- Built on Ink by the team behind Kraken, with crypto, commodities and FX perps already listed.
My take, not advice.
What we know
- Nado is a central limit order book DEX on the Ink L2, built by the team behind Kraken. Spot and perps trade on unified margin, with money markets and an NLP liquidity vault in the same account. Orders match off-chain in 5 to 15 ms and settle on Ink.
- Source: Nado docs.
- Season 2 started May 21, 2026 with open access (no invite needed). The weekly points pool scales with protocol volume: a guaranteed 300K floor, rising to a 950K cap. Your share depends on your activity, adjusted for fee tier and toxicity.
- Source: Season 2.
- Points are distributed every Friday and earned from trading, NLP deposits and referrals. Referrers earn a share of their referrals' points, down to the third level.
- Source: Nado: Open Beta Season 1, referrals.
- Fees scale with 30-day volume: 0.01% maker and 0.035% taker at entry, down to 1.5 bps taker with maker rebates at the top tiers. Settled in USDT0.
- Source: Fees and rebates.
How to farm it
- 1Open Nado with my referral link and connect your wallet.
- 2Bridge USDT0 to Ink and deposit it (the docs have a bridging guide).
- 3Trade spot or perps. Volume, NLP deposits and referrals all earn points.
- 4Points land every Friday.
What we don't know
- No token, conversion rate or end date is published for the points.
- The exact weighting of activity and the toxicity adjustment are not public.
- The Friday drop hour is not published.