Nado

Nado is a non-custodial DEX built around a central limit orderbook for spot and perpetual markets. It offers unified margin across spot, margin, and perps, allowing collateral to flow across positions and reduce overall margin requirements. Traders can manage leveraged positions, hedges, and basis trades from a single account without isolating funds. Nado combines an off-chain matching engine with on-chain risk and settlement on Ink, delivering fast execution while keeping assets self-custodied.