Connect a wallet and every position Throb can verify sorts itself. Protected, exposed, or not yet protectable. Every figure is read live from the chain, and Throb keeps no record of you on any server. The one thing kept is a coverage snapshot in your own browser, so this page can tell you what changed since your last visit.
Connect a wallet to scan for verifiable exposure.
Throb only offers a market against risk it can verify you already carry. Four common positions, and the markets each one unlocks. Your own scan is exact. These are the shape of it.
The risk past price. Funding turns against you and the position bleeds while you are still right about direction.
A market that pays out when funding rises or the book crowds onto your side, which is exactly when holding gets expensive.
The risk past price. Utilization falls, leveraged traders stop borrowing, and the fees you earn dry up.
A market that pays out when utilization drops, offsetting the yield you stop receiving.
The risk past price. The book thins out or flow reverses, and you are left holding one side of the pair.
A market that pays out when depth collapses or flows swing, the conditions that move you out of range.
The risk past price. Coins move onto exchanges ahead of a sale, or positioning gets one-sided before it unwinds.
A market that pays out as flows and positioning build, before the move they usually precede.
Every one of these needs the position to be verifiable on chain first, and the size you can open is capped by how much of it you actually hold. If nobody takes the other side by expiry the market voids and your collateral comes back in full, with no fee. Walk through one with no wallet.