BookRunner

Introducing Bookrunner: The underwriting syndicate for onchain perp markets. Per market books fund insurance and market making inventory. Mandate bound agents quote and hedge within coded limits. Each book publishes NAV, P&L and risk. Built on @RobinhoodApp Chain.

What happens outside the reference session? A held reference outside a trading session can limit decisions about new risk. Join our Telegram: t.me/bookrunnrRH

Which risk can remain between two hedged prices? A hedge may follow a related instrument rather than the exact quoted price. Join our Telegram: t.me/bookrunnrRH

Where is the book’s inventory exposure? Quotes can leave a market-making book with a position. Join our Telegram: t.me/bookrunnrRH

A risk report should explain how the fee flow became the book's result. BookRunner's proposed reporting needs costs and inventory changes alongside gross activity. Join our Telegram: t.me/bookrunnrRH

Where is the book’s inventory exposure? BookRunner is building per-market underwriting books with explicit capital, quoting and hedging mandates. Soon on @RobinhoodApp.

An inactive reference session changes the permitted actions, not the existence of inventory. BookRunner's design needs the book's existing exposure managed through that period. Join our Telegram: t.me/bookrunnrRH

Junior capital can be first in the loss order and still be finite. BookRunner's proposed waterfall needs amounts beside the tranche labels. The order alone cannot show how much a stress event reaches. Join our Telegram: t.me/bookrunnrRH

A hedge adds a position with its own execution path. BookRunner is building per-market underwriting books with explicit capital, quoting and hedging mandates.

A hedge adds a position with its own execution path. BookRunner's proposed mandate needs that path bounded. Describing the book as hedged does not explain where its remaining exposure sits. Join our Telegram: t.me/bookrunnrRH