Introduction

Rubi is an innovative decentralized options market designed to offer market makers a friendly environment with low latency execution and instant position hedging through perpetual contracts. Inspired by Hyperliquid, the leading perpetual decentralized exchange (DEX), Rubi aims to create a robust options protocol that allows for instantaneous execution while planning a future transition to its own Layer 1 (L1) blockchain. This whitepaper delves into the intricate details of Rubi’s product, its development journey, technical architecture, vault mechanisms, token integration, future plans, and the unique value it brings to the DeFi landscape.