Samsara is a new derivatives exchange that trades exclusively in navTokens.
navTokens give holders several advantages over holding or trading the underlying token:
- Amplified exposure with positive skew
(greater upside amplification, reduced downside amplification)
- Interest-free, non-liquidatable credit/leverage
- “Borrow to exit” tax efficiency
- Yield via “fees to NAV” floor growth
The key innovation to note:
A navToken’s floor price (NAV) will always outperform the underlying token over time.
But Sir!? How is that possible?
Let me explain 👇
navTokens have two values:
1. Market Price
The price users buy/sell at - moves with order flow like any token.
2. NAV (Floor Price)
The protocol-enforced, minimum redeemable value of each navToken. NAV can only increase with demand and volume generated fees.
navTokens are priced in the underlying token
(navBONK → $BONK, navSOL → $SOL, navORE → $ORE, etc.).
THREE possible outcomes for Market Price:
⬆️ Market Price increases (unlimited)
- navToken outperforms the underlying token
⬇️ Market Price decreases (bounded)
- navToken underperforms, but only to the floor
➡️ Market Price stays flat
- navToken tracks the USD value 1:1 with the underlying
TWO possible outcomes for the NAV (Floor Price):
⬆️ NAV increases
- navToken gains value vs. the underlying
➡️ NAV stays flat
- navToken tracks the USD value 1:1
With this design, holding a navToken over time, presents holders an opportunity to significantly outperform the underlying tokens while greatly limiting the potential for underperformance.
A new form of leverage emerges through a simple buy and hold UX without the complexity and liquidation risk of perpetual futures.
We’re running a live demo on Solana devnet this week: break-samsara.nirvana.finance
Tomorrow at 1pm EST / 6pm UTC, we’ll livestream a coordinated black swan event.
Anyone can participate.
Your goal:
Sell your faucet-fed navTokens relentlessly into the floor and try to break it.
The unbreakable math behind Samsara will be on full display.
Don’t miss it. 🍿
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