Valhalla

Valhalla is building the first fully on-chain and composable trading platform on MegaETH, combining perps, spot trading, and lending in a single platform. Their mission: "Trade to own" - creating a community-driven exchange where users become genuine stakeholders.

Official Twitter | Discord Community

Founder & Vision

Tiago (@tiagovalhalla) brings deep crypto experience spanning over a decade:

  • Early crypto adopter - First interactions in 2012/2013, learning Bitcoin fundamentals

  • Technical expertise - Background in software engineering with focus on formal verification

  • Proven builder - Founded Three Sigma (@threesigmaxyz), scaling from 0 to 50 people without external funding

  • Battle-tested trader - Active participant since 2017/2018, experienced the full spectrum of crypto markets

  • Industry veteran - Extensive work with L1s, L2s, DeFi protocols, conducting audits and risk modeling

Tiago's vision centers on building products people genuinely want to use, moving beyond theoretical DeFi toward practical, user-friendly infrastructure. tweet1 | tweet2

Community-First Approach

Valhalla follows the user-first tokenomics model pioneered by projects like Hyperliquid, prioritizing community ownership over traditional VC-heavy structures. They recently secured $1.5M in pre-seed funding (details) while maintaining their community-focused approach.

Key Community Initiatives:

  • Fluffle NFT integration - Leveraging MegaETH's 5,000+ Fluffle holders as core user base

  • Community-driven development - Direct feedback loops shaping product roadmap

  • Collaborative ecosystem - Projects within the "MegaMafia" supporting each other through shared liquidity and users

  • Early access programs - Priority rollouts to aligned community members

This approach creates genuine stakeholders rather than passive speculators, fostering long-term engagement and organic growth.

Built for the MegaETH Ecosystem

Valhalla's choice of MegaETH stems from both technical capabilities and ecosystem alignment, embodying the shift toward community-driven finance:

Technical Advantages:

  • Real-time architecture - Enables true on-chain perps and CLOB functionality at practical speeds

Ecosystem Benefits:

  • Aligned community - MegaETH's user-first tokenomics create natural synergies

  • Builder-focused network - The "MegaMafia" provides collaborative support through shared resources

  • Shared mission - Users become owners through meaningful participation, not speculation

As Tiago notes: "MegaETH's infra made the product possible. MegaMafia made the execution inevitable." Source

This represents a broader industry shift away from VC-heavy, low-float models toward genuine community ownership where innovation thrives, barriers crumble, and the ecosystem grows together through collaborative rather than extractive models.

Technical Architecture & Innovation

Valhalla is building the first fully on-chain hybrid trading platform that combines perps, spot trading, and lending in a composable environment. Launch announcement

Core Technical Features:

  • Hybrid execution model - On-chain settlement with off-chain order matching for optimal performance

  • Central Limit Order Book (CLOB) - Professional-grade order matching similar to traditional finance

  • Real-time composability - Sub-100ms execution enabling atomic strategies

  • Co-located market makers - Same-rack sequencers and oracles for CEX-level latency

  • Multi-collateral support - Yield-bearing assets like capUSD from Cap Labs, earning yield while trading

  • Valhalla Vaults (VLP) - High-yield opportunities through automated vault strategies

  • Native oracles - Faster, permissionless market listings without external dependencies

  • Permissionless market creation - Fast asset listings when sufficient volume/liquidity exists

Revolutionary Trading Primitives: tweet1 | tweet2

  • Atomic Funding Rate Farming - Execute spot buy + perp short simultaneously via flash loans, eliminating timing risks and market exposure during strategy setup.

  • Composable Risk Management - Smart contracts handle positions and risk, enabling other protocols to build on top of Valhalla's infrastructure.

  • Integrated DeFi Strategies - Close shorts, roll margin into yield vaults, and rebalance collateral within single atomic transactions.

  • Positions as Collateral - Use P&L from existing positions to back new trades, maximizing capital efficiency.

Competitive Advantages vs. Hyperliquid

While respecting Hyperliquid's community-building success, Valhalla offers distinct technical advantages:

  • Composability: Hyperliquid operates across separate environments (HyperEVM vs. HyperCore) with different block speeds (1s vs. 70ms). Precompiles bridge these but create latency. Valhalla maintains full composability within MegaETH's unified environment.

  • Latency & Performance: Hyperliquid's L1 consensus creates latency as validators coordinate globally. MegaETH's co-located sequencers and oracles achieve sub-100ms execution by decoupling execution from consensus.

  • Privacy Options: Unlike transparent order books, Valhalla provides optionality - users can choose private or verifiably public trading based on their strategy needs.

Infrastructure Details:

  • Oracle system - Multi-source (A, B, C) with on-chain fallback mechanisms

  • Liquidation engine - Permissionless participation, vault-assisted liquidations

  • Fee structure - Tiered by volume, no VIP programs, equal treatment for all users

  • Low gas costs - MegaETH's efficiency avoids fee spikes common on other chains

As Tiago explains: "Binance can't do it with their CEX and BNB chain, Hyperliquid can't do it with HyperCore and HyperEVM - Valhalla and MegaETH do it." Source

Resources & Further Reading

PreviousNoiseNextCAP

Last updated