From Premia to Kyan

Since 2021, we’ve been building under the name “Premia.” It came to represent our mission to bring open, self-custodial options trading to DeFi. From v1 to v3, Premia was our foundation: a fully onchain options exchange shaped by experimentation, iteration, and a desire to make financial tools available to everyone.

Now, with the launch of v4, we're entering a new chapter and introducing a new brand with Kyan. If you’ve been following our updates, the name is already familiar, but today we’re diving into what it means, why we chose it, and how it reflects the evolution of both our product and our vision.

Before you continue reading, make sure to sign up on kyan.blue to stay up-to-date with Kyan’s development and the upcoming beta event.

Why “Kyan”?

“Premia” was the right name for the early phases of the project. It represented the foundation. Since then, we’ve come to outgrow that scope.

The product has evolved into something fundamentally different. What was once a DeFi-purist options platform is now becoming a full-suite derivatives exchange, combining options, perpetual futures, and portfolio margin, all in a streamlined, trader-first experience. We’ve expanded what we’re building, and the name needed to reflect that growth.

The name Kyan comes from kyanite, a mineral formed under intense pressure, much like diamonds. That felt fitting. Premia’s symbol has always been a gemstone, and over the years, this project has been forged through the same kind of pressure: from user expectations, market demands, and our own ambition to build something better.

Kyan is what comes after years of refining and reshaping Premia’s core ideas. The color, the roots, and the team remain. But the product, the vision, and the possibilities are new.

What Is Kyan?

Kyan is an options and perps exchange built for serious trading. It’s the first onchain platform to natively combine:

• Portfolio Margin: Evaluates risk across your full portfolio, reducing overcollateralization and freeing up capital.

• Perpetual Futures: Perps used as a delta-hedging tool with one click, essential for managing risk in complex strategies.

• Combo Trades: Allows traders to create and execute up to six-leg strategies with real-time PnL and capital-efficient margining.

• CEX-like UX: No more clunky workflows or lag. Our users get low latency, clean design, and a trading experience that’s fast, intuitive, and flexible.

This is more than a facelift. We’ve reimagined how onchain derivatives should work and built Kyan to deliver that experience without compromise.

Read this article to find out more about Kyan’s upcoming features.

Why This Direction?

We’ve spent years in the trenches of DeFi options, and we’ve seen what works and what falls short. While decentralization is still core to our values, we recognized that users want performance, especially if they’re trading at size or running complex strategies.

Kyan focuses on speed, capital efficiency, and tools that serious traders need, all while still running on Arbitrum, with self-custody preserved.

This hybrid approach allows us to build something that wasn’t possible before: a true alternative to centralized derivatives exchanges, powered by DeFi.

Looking Ahead

Premia laid the foundation. Kyan builds on it and pushes the boundaries.

With a new name, refined architecture, and an expanded toolkit that includes perps and portfolio margin, Kyan represents an evolution: not just in what the platform can do, but in how it empowers users to trade. It’s the culmination of years of iteration, pressure, and progress. And while it reflects how far we’ve come, it’s also a starting point for everything still ahead. We’re just getting started.

Thanks for being part of the journey! More coming soon.

What Does Kyan Mean for Crypto Options?

Make sure you’re first in line for Kyan’s beta events and updates by singing up here.

​Kyan will be a significant upgrade for anyone trading derivatives.

If you have any questions, hop into our Discord or shoot us a message on X. We would love to know your thoughts!

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