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DRK. — Launch & Institutional Trading

01. System activation

Launch & Institutional Trading

DRK.

Transparent liquidity infrastructure for token launches, DEXs, perps, and onchain assets.

We turn token launches into visible trading programs.

One runtime for wallets, liquidity, execution, and reporting.

DRK is an operating layer.

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02. Legacy market making is built on opacity

02THE PROBLEM

Legacy market making is built on opacity.

  • Token loans.

    Inventory leaves the treasury. Terms are set by the market maker.

  • Upfront retainers.

    Paid before any performance is measured.

  • Pool-by-pool charges.

    Every venue is priced separately. Cost scales with fragmentation.

  • Slow adaptation.

    New chains, pools and launchpads take quarters, not days.

DRK inverts it.

Same inputs. Every output visible, attributed and measured.

WHAT YOU PUT INWHAT YOU GET BACK
The DRK Liquidity Vault, representing a closed legacy market-making system
ETHUSDSOLTOKEN????OPEN

Inputs are known. Outputs are not.

VALUE IN

03. One engine, two businesses

03THE MODEL

One proprietary engine.
Two scalable businesses.

We run the book like an MM — and scale it like software.

  1. 01TRADERProprietary traders define the program.
  2. 02STRATEGYThe program is specified and operated.
  3. 03LIQUIDITYDRK deploys adaptive capital.

ONE ENGINE.
TWO BUSINESSES.

  • 04PERFORMANCEClient outcomes are measured.
REVENUE

PERFORMANCE-LINKED REVENUE

Revenue scales with measured client performance.

Performance revenue today. Recurring revenue at scale.

04. Clients see what black-box MMs hide

04PRODUCT PROOF

Clients see
what black-box
MMs hide.

Live visibility across assets, programs, execution, and P/L.

  1. ASSETS
  2. PROGRAMS
  3. EXECUTION
  4. P/L
DRK.MAINNET
Programs
4
Wallets
5
Executions
2,341
Threats
0
LIVE
POSITION
OPERATE

Wallets

CLIENT-OWNED

Client-owned custody, permissions and real-time balances.

$128.6M$128.6M
Total value
$38.9M$38.9M
Deployed — treasury
$13.5M$13.5M
Available
41%41%
Share of book
WALLETNETWORKVALUEPERMISSIONSSTATUS
DEPLOYED INTOLaunch Support

05. Two launches, weak market

05EVIDENCE

2 launches across
late July / early August 2026.

Delivered in a weak, risk-off market.

MARKET CONDITIONWEAK, RISK-OFF MARKET
CLIENT PROFIT

$150k$150k

CASE
L01
WINDOW
Late July 2026
STATUS
COMPLETE
$40k+CAPTURED BY DRK

DRK produced outcomes in a falling market.

06. We own the stack

06ARCHITECTURE

Other firms rent tools.
We own the stack.

Our traders operate our software. We adapt quickly to new chains, pools, launchpads, and venues.

  • Capital is deployed as depth, continuously, across every venue we support.

    INPUTS
    PoolsLaunchpadsPerps
    OUTPUTS
    Deep liquidityContinuous quoting
EXTERNAL ENVIRONMENT
  • Launchpads — connected to LIQUIDITY ENGINE
  • Pools — connected to LIQUIDITY ENGINE
  • Execution
  • Perps — connected to LIQUIDITY ENGINE
  • Robinhood Chain
  • Solana
  • EVM
  • Reporting

Highlighted entries are the ones LIQUIDITY ENGINE reaches.

OUTPUT

TRUST.PERFORMANCE.RESULTS.

07. The market for MM infrastructure

07MARKET

The market for MM infrastructure is growing exponentially.

Institutional adoption and onchain activity are accelerating across every dimension.

Infrastructure demand increases.

The structural shift to onchain markets is driving demand for better market making.

0106TOTAL VALUE LOCKED

$182B+$182B+

01 / 06

TVL across DeFi protocols

Source: DefiLlama

08. We integrate in days, not years

08INTEGRATION SPEED

Traditional MMs move slowly.
We integrate in days, not years.

We adapt rapidly to new chains, venues, and launch systems.

TRADITIONAL MMQUARTERS
DRKDAYS
  1. 01UNCONNECTED
  2. 02DETECTED
  3. 03ROUTE FORMED
  4. 04ENGINE LINKED
  5. 05TELEMETRY
  6. 06ACTIVE
CHAINS, VENUES & LAUNCH SYSTEMS00 / 05 ACTIVE
ROUTING LAYERReal-time intelligence across markets
DRK EXECUTION ENGINEUnified liquidity, risk, and execution
  • SolanaUNCONNECTED
  • AptosUNCONNECTED
  • SuiUNCONNECTED
  • Robinhood EVMUNCONNECTED
  • CantorUNCONNECTED

09. The launch lifecycle

09LIFECYCLE

Launches are where speed, trust, and liquidity collide.

We support the full lifecycle from first block to market growth.

  1. 01/05Pre-launch

    Secure the foundation.
    Align incentives.

  2. 02/05First block

    Execute with precision.
    Deliver with confidence.

  3. 03/05Migration

    Move seamlessly.
    Maintain integrity.

  4. 04/05Liquidity

    Activate liquidity.
    Enable depth.

  5. 05/05Growth

    Scale markets.
    Sustain momentum.

10. The DRK control layer

10THE PRODUCT

The DRK
control layer.

One operating surface for wallets, programs, execution, P/L, analytics and launches.

DRK.MAINNET
Programs
4
Wallets
5
Executions
2,341
Threats
0
LIVE
OVERVIEW
POSITION
OPERATE
EVIDENCE

Overview

OBSERVED

The whole book, one surface: capital, programs, execution and P/L.

$128.6M$128.6M
Total value
44
Active programs
2,3412,341
Executions today
$3.72M$3.72M
Daily P/L
CAPITAL BY PROGRAM
  • Launch Support64%
  • Depth Maintenance31%
  • Migration Cover0%
  • Perps Quoting5%
LAUNCH LIFECYCLE
  1. Pre-launchPASSED
  2. First blockPASSED
  3. MigrationPASSED
  4. LiquidityPASSED
  5. GrowthPENDING

11. The live DRK application

11 — THE PRODUCT

The system behind the market maker.

DRK.MAINNETLIVE

Token profile. Market, ownership, liquidity and safety for one managed token — with the evidence behind each figure.

12. Multiple revenue streams

12REVENUE

One engine.
Multiple
revenue streams.

We provide liquidity up front and get paid when programs perform.

Managed trading today.
Software economics later.

Multiple monetisation layers on one engine.

ONE ENGINE
  • 01Launch Liquidity & Marketing*upfront liquidity, % of every launch, and 15–35% of off-ramp based on liquidity provided
  • 02General Market Makingspread capture and liquidity provision — scales with deployed capital
  • 03Token Loans Programstructured capital as relationships mature
  • 04RFQs & Retainerslarge mandates, routing and bespoke execution
  • 05Software Licensingselective infrastructure access for external operators
COLLECTS ASCAPITALInvestment liquidity enters the engine.

13. Larger mandates change the earnings curve

13PROGRAM ECONOMICS

Larger mandates change the
earnings curve.

More liquidity lets DRK operate more programs — and earn more from each one.

Y1BUILD REPEATABILITY
$1.5M$1.5MManaged-program earnings
PROGRAMS2020
AVG. EARNINGS / PROGRAM$75K$75K

Larger launch participation

Establish repeatable program economics.

Y2SCALE THE BALANCE SHEET
$5.6M$5.6MManaged-program earnings
PROGRAMS3232
AVG. EARNINGS / PROGRAM$175K$175K

More capital per mandate

Expand operator capacity and balance-sheet deployment.

Y3INSTITUTIONAL SCALE
$10.1M$10.1MManaged-program earnings
PROGRAMS3636
AVG. EARNINGS / PROGRAM$280K$280K

Larger institutional programs

Multi-market institutional scale.

More programs. Larger mandates. Deeper participation.

MANAGED-PROGRAM EARNINGS — Two views of the same business, on different assumptions — not a total and a subset.

Illustrative target case based on managed-program economics. Excludes solver flow, arbitrage, staking, treasury yield, and selective infrastructure licensing.

14. Three-year revenue projection

14PROJECTIONS

Three years. One compounding book.

Launch revenue anchors Year 1. General market making and larger mandates drive Years 2–3.

REVENUE TRAJECTORY
YEAR 1$1.5M$1.5M
YEAR 2$5.6M$5.6M
YEAR 3$14.4M$14.4M
3-YEAR PROJECTED REVENUE$21.50M$21.50M9.6× Year 1 revenue by Year 3 (derived)
3-YEAR REVENUE PROJECTIONS
  • Launch Liquidity & Marketing$7.1M
    Y1
    $900K
    Y2
    $2.0M
    Y3
    $4.2M
  • General Market Making$6.6M
    Y1
    $300K
    Y2
    $1.7M
    Y3
    $4.6M
  • Token Loans Program$3.2M
    Y1
    $0
    Y2
    $600K
    Y3
    $2.6M
  • RFQs & Retainers$2.5M
    Y1
    $100K
    Y2
    $600K
    Y3
    $1.8M
  • Software Licensing$2.1M
    Y1
    $200K
    Y2
    $700K
    Y3
    $1.2M
  • TOTAL REVENUE$21.50M
TOTAL PROJECTED REVENUE · Y3
$14.4M
MANAGED-PROGRAM EARNINGS · Y3
$10.1M

Two views of the same business, on different assumptions — not a total and a subset. Illustrative target case. Projected, not contracted — subject to capital raised, mandates won and market conditions.

15. Investment liquidity compounds

15COMPOUNDING

Investment liquidity compounds.

Capital is deployed into live market programs — not spent on overheads.
It works while it compounds.

WHERE THE CAPITAL GOES

SPENT ON OPERATING EXPENSE

DEPLOYED AS WORKING LIQUIDITY

  • 52%

    DEX trading just surpassed CEX.

    of total spot volume is now on DEXs.

    Source: The Block – May 2026

  • +100%

    Perps volume is accelerating.

    YoY perps volume growth.

    Source: Laevitas – May 2026

  • +$23B

    New chains are pulling more liquidity.

    TVL added across new L1s/L2s in 12 months.

    Source: DefiLlama – May 2026

All liquidity is designed to earn while remaining sustainable.

CAPITAL
LIQUIDITY DEPLOYMENT
MARKET PROGRAMS
PERFORMANCE
REVENUE
MORE LIQUIDITY
MORE LAUNCH CAPACITY
01 / 07

Investment liquidity enters the engine.

Operating capacity — not a forecast of investment return.

16. $1.5M seed round — 80% productive, 20% platform

16THE RAISE

$1.5M seed round.

80% remains productive. 20% scales the platform.

SEED ROUND$1.5M$1.5M
INTO CAPITAL
EQUITY
10%
INSTRUMENT
Post-money SAFE
ALLOCATION
  • 80%$1.2M$1.2MOperating balance-sheet liquidity
    • Launch deployment
    • Institutional liquidity
    • Delta-neutral treasury
    • Reinvested program earnings
  • 20%$300K$300KGrowth + operating capital
    • Infrastructure
    • Integrations
    • Operators
    • Reporting + compliance

Capital compounds on the balance sheet while the engine scales enterprise value.

17. The next market maker

The next market makeris not a black box.

It is a transparent operating system with traders behind it.

Instead of betting on individual tokens, you are investing in the infrastructure and team that helps token launches succeed.

LET'S TALK

LIQUIDITY BENEATH THE SURFACE.

DRK / CONFIDENTIAL