Trion

Trion is live. CA: 0x4855024b676c8C5779c836E35F469C462Bfb7f4b The market for compute. Buy and sell options on the price of an H100 GPU-hour, fully collateralized, on Robinhood Chain. trion.market

Worked on Trion's backend: • Matching engine uses 38% less memory • Liquidation keeper makes 3x fewer chain calls • Order book updates reach your screen about a third sooner. More updates coming.

New on the Trion desk: • Price alerts on CMPT-USD • Performance: your realized PnL over time • Share cards for your trades • Order history search, filters and CSV export app.trion.market

GM rolling out more updates today. The Oct 2 CMPT options expiry has settled. I got really sick over the weekend. Back in action.

Second RTX 6000 Blackwell secured 🤝 Compute is the most valuable commodity. Building the trading and also having the physical compute as part of the business is important. Bought half of it out of pocket other half trading fees.

Picking up another RTX 6000 today to add to the GPU farm. Waiting on some parts to arrive next week to get it all setup.

Today, Trion opens to everyone. Trade the price of GPU compute. Go long or short CMPT-USD, the price of an H100 hour, now $2.77. Still beta: open interest is capped, so size is limited for now. Caps go up as the market grows. app.trion.market/#/perp/CMPT… Let me know what you guys think. Let us know any bugs and then we will fix.

Tomorrow, Trion perps opens to everyone. Trade the price of GPU compute. Go long or short CMPT-USD, the price of an H100 hour, now $2.76. Still beta: open interest is capped, so size is limited for now it will continue to go up as we increase the liquidity. app.trion.market

Every AI company has a cost it can't control: GPU time. Now you can hedge it with a long CMPT-USD perp. GPU prices rise? The hedge gains and covers the bigger bill. Prices fall? The hedge loses, but your bill drops. Either way, your budget stays steady.

We have the SPX market for GPU that is currently in testing in the background and refining. I still have the trading comp later this week. Then I will try and get some interviews. Everything is coming together for $TRION. Making good progress in beta testing.

Think SPX, but for compute. One index of GPU rental prices, from data-center to workstation GPUs: H100, H200, B200, RTX PRO 6000, RTX 5090 and more. Coming soon.

We're excited to share something that we've been working on in the background. Think of it like the SPX, but for compute. We're building one index of GPU rental prices across the whole range: H100, H200 and B200 for training, RTX PRO 6000 and L40S for inference, RTX 5090 and more. We are turning this into a market you can trade on Trion.

The Trion iOS app is in progress. CMPT-USD perps on your iPhone: live chart, order book and tape, limit and market orders, drag orders on the chart, TP/SL, one-tap close.

Thanks for taking the time to test out $TRION

GM, Last day to sign up for beta testing. I got some more good feedback this morning. Implementing those changes. Testing the IOS app this morning. I'm hoping to get that on test flight in a couple of days for everyone and then app store after that. Ordering GPU parts and we'll probably end buying second RTX 6000 this week as well. The supply is shrinking. Let me know if you guys have any questions, comments, or ideas. You can drop them in the comments or in Discord.

Trion update for today: Our beta testers sent us a lot of mobile feedback, so today is making Trion feel great on a phone. Shipped: • New Charts / Trade tabs, so the chart gets the whole screen and the order ticket gets its own • The price chart now fills about three quarters of the screen on an iPhone • Faster mobile loads: the options page ships half the code, and the perp chart opens about 30% faster • Deposit and Withdraw right from Portfolio, plus a one-tap fix when your wallet is on the wrong network In progress: • The Trion iOS app. The CMPT-USD perpetual is still in closed beta. Thanks to everyone testing and sending feedback. Keep it coming.

We shipped a backend upgrade to the Trion exchange engine this morning. Upgrades: • Order confirmations are more than 2x faster in our load tests, and the slowest ones are nearly 4x faster. • Steadier under pressure. When traffic spikes, response times stay tight instead of piling up. • Restarts recover about 2x faster. We will continue to beta test over the weekend. I have some new guys testing this morning.

We're always open to suggestions and ideas. Post in the comments or join discord for further discussions. Discord: discord.com/invite/htgufeGZH… We're still testing ideas internally and tracking different metrics and improving ideas. Thank you, everyone, that has been here so far. Let's keep building and pushing the frontier forward.

GPU compute is one of the biggest markets in the world, and it still has no price everyone trusts. We want to fix that at Trion, and we want to do it with the industry. At Trion we're building CMPT, an open benchmark for what GPU compute actually costs. We are counting what people actually paid, not what's listed. That needs data from the people who run the GPUs: clouds, marketplaces, brokers, resellers. We'd rather license it properly than scrape it. So I'm reaching out to the owners directly. What's in it for providers: • your real prices count in the benchmark • attribution and a fair data-licence deal • free index access for you and your customers • a say in the methodology before it's the standard • later, a way for your customers to lock in compute costs A benchmark is only worth something if people can trust it. So we'll get everything independently audited: the index methodology, the data pipeline and the smart contracts. And we'll publish the results. Every commodity that grew up got a trusted price: oil, power, freight, etc. Compute is next bet. The benchmark should be built by the people who make the market. If you run GPUs my DMs are open. I've reached out reached to all the industry well known names to get this done right.

In this video @JohnArnold is right: compute will only trade like a real commodity once there's either a standard product with deep liquidity or an index the industry trusts. Both are hard. That's the problem we're working on at Trion. What we have today: • CMPT, an index of what it costs to rent one NVIDIA H100 GPU for one hour. Instead of indexing "compute" in general, it prices one standard unit. • It's built from a panel of GPU cloud providers and marketplaces, including executed rental prices from the Akash network. • Our price oracle publishes every CMPT price on-chain on Robinhood Chain, together with a cryptographic hash of the exact inputs behind it. • CMPT-USD, a perpetual contract on that price, is in beta. What we're testing in the background: • A more reliable way to calculate the index: one that holds steady when a provider's data goes down or goes stale, brings providers in and out gradually instead of all at once, and screens out one-off price spikes until they're confirmed. What's next: • A separate product: an S&P 500 for GPUs. A broader index that weights each provider by how much capacity it actually rents out, with caps so no single provider can dominate. The hard part is that almost nobody publishes those numbers, so building a weighting the market can trust is what we're working on. • We know this is hard, and nobody has fully solved it yet. That's exactly why we want to be at the cutting edge of it: building in the open, testing new methods, and helping set the standards this industry will run on. We have ideas, we're testing them, and we're going to figure it out. • I'm happy to be taking this on. I have more ideas up my sleeve.