Pear Protocol

Most trading is directional. When you go long HYPE, you're not just betting on HYPE - you're betting on the market. If it dumps 20%, your thesis doesn't matter. Pair and basket trading fixes this. Long HYPE, short ETH: your P&L depends on whether HYPE outperforms ETH, not on whether the market goes up. Extend that to a basket - multiple longs vs multiple shorts - and you can express complex, market-neutral strategies with precise weighting across correlated assets. The problem is that doing this is operationally broken. Multiple positions opened separately. No combined P&L. No way to set a stop-loss on the relationship between assets. Funding on both sides tracked manually. Beta drift you don't notice until it's too late. Pear rebuilds the infrastructure around the pair and basket as the unit of trade. One action to open both legs simultaneously. One dashboard for the combined position. Order tools - TP/SL, TWAP, ladders - built around the spread, not the individual legs. AI-assisted signal discovery. Managed vaults for passive exposure. And multiple frontends serving retail traders and institutional desks trading across Hyperliquid, Binance, Bybit, and OKX, and developers integrating via API.