# Joyride

> 0DTE crypto options exchange on Solana. Paper trading is live — no real money at risk.

Joyride is the first dedicated 0DTE (zero days to expiration) options exchange for crypto. Trade BTC, ETH, and SOL options with up to 100x leverage and zero liquidation risk. Non-custodial, on-chain settlement, microsecond-latency matching engine built in Rust.

## What are 0DTE options?

Options contracts that expire at the end of the current trading day. Losses are capped at the premium paid. Profits are uncapped. Unlike perpetual futures, there is no liquidation risk — your position cannot be forcibly closed by a price wick.

## Why options over perps?

- Asymmetric upside: risk a little to gain a lot
- No liquidation risk: built-in leverage without cascading liquidations
- Defined risk: maximum loss is the premium you pay

## Paper trading competition

Season 1 trading competition with $10,000 in prizes across three categories:

- Best overall P&L: $3K / $2K / $1K
- Most improved (greatest gain from lowest account value): $1K / $600 / $400
- Best single trade (highest percentage return): $1K / $600 / $400

Authenticated wallets get $10,000 in virtual funds automatically on first SIWS authentication. This auto-seed runs until the Season 1 competition launches on 2026-05-05 UTC; after launch, funding shifts to invite codes ($10,000 to redeemer + $1,000 referral bonus per qualified invite).

## For developers and agents

Joyride is agentic-first. Three integration paths:

### MCP agents (Claude Code, Cursor, Codex)

```bash
npm install -g joyride-cli
joyride setup
joyride login
joyride mcp install --client claude   # or cursor, codex
```

23 MCP tools for market data, trading, account management, and analysis. Node.js >= 20 required.

### REST + WebSocket API

- REST: `https://joyride.exchange/api/v1`
- WebSocket: `wss://joyride.exchange/api/v1`
- Protocol: JSON-RPC 2.0
- Auth: SIWS (Sign-In with Solana) → JWT Bearer token

No API key required. Generate any Solana ed25519 keypair to start.

### CLI

```bash
npm install -g joyride-cli
joyride chain SOL           # view options chain
joyride quote SOL_USDC-25APR26-150-C
joyride order place --instrument SOL_USDC-25APR26-150-C --side buy --size 5 --price 7.05
```

## Key links

- App: https://joyride.exchange/trade
- API docs: https://docs.joyride.exchange
- API docs (agent-readable): https://docs.joyride.exchange/llms.txt
- npm: https://www.npmjs.com/package/joyride-cli
- Competition: https://joyride.exchange/competition
- Discord: https://joyride.exchange/discord
- Telegram: https://joyride.exchange/telegram
- X / Twitter: https://joyride.exchange/twitter
- Careers: https://jobs.gusto.com/boards/joyride-labs-inc-d723bd70-acd9-4334-952b-17d8d8ea478c

## Team

- Micah Alcorn, Founding CEO — early engineering contributor to Origin Protocol, trading Bitcoin since 2013
- Matthew Liu, Cofounder — cofounder of Origin Protocol, early advisor to Solana, 3rd PM at YouTube, Stanford MS & BS
- Josh Fraser, Cofounder — early advisor to Solana, cofounded Origin Protocol, EventVue, Torbit, and Forage
- Trevor Serrao, Founding Principal Engineer — seven years in HFT quant dev building high-performance market making systems
- Darius Sit, Advisor — founder of QCP Capital, former BNP Paribas macro trader, pioneered early crypto derivatives in Asia