Credit that composes.Leverage that holds.

The undercollateralized credit layer for DeFi — one institution-grade margin account carrying your entire book across spot, perps, options, prediction and AI-compute markets, with up to 10× credit and every drawdown in one venue offset by gains in another.

Launch App Read the docs

Leveraged credit that actually moves.

DeFi makes you choose: credit that moves but never exceeds your collateral, or leverage that exceeds it but stays trapped in one venue. Vanna does both — up to 10×, across every market at once.

Exceeds
collateralMoves across
markets

Overcollateralized lendingAave · Morpho

Isolated leveragePerp / options venues

VannaComposable credit

One credit line across spot, perps, options, prediction and AI-compute markets — move it, recall it, it never leaves the protocol.

Isolated margin walls you in. Unified sets you free.

A unified portfolio margin account is cross-margined: every collateral and every position, across every market, marked by one oracle into one solvency ratio — the structure that makes delta-neutral, multi-leg leverage possible.

BTC · live drift+3.6%

Isolated margin$10,000 · split across venues

Spot exchange own login · $3,300 in+$218

gain stranded here — it can’t back the perp

Perp venue own login · $3,300 inown health 1.33

margin call risk — top it up yourself, again

Options desk own login · $3,400 infund it separately

borrowed assets can’t move between venues

Stocks · compute marketsout of capital ✕

3 screens · 3 logins · no combined view of risk or PnL

Every position walled offBorrowed assets can’t be reusedNo Δ-neutral, no multi-legBabysit each liquidationGains stranded per venue

Unified portfolio marginone account · one screen

$10,000 collateral→ ×3 credit →$30,000 working book

SpotBTC · long+$660

PerpsBTC · short−$660

OptionsETH · short vol+$67

PredictionRates print · hedge+$35

T-StocksNVDAx · basis+$72

AI ComputeGPU-hours · yield+$128

Whole bookΔ ≈ 0 · net +$302

1.76

one health factor · whole book

One account, every marketCollateral reused — headroom to 10×Δ-neutral & multi-legOne health factorA loss offset by a gainManaged from one screen

Managing a leveraged book is a full-time job. Vanna’s agents make it run itself.

Copilot · intent

Intent becomes positions

01 / 05

Every word becomes a parameter.

Say what you want in plain language — the copilot compiles it into a guarded position and hands it back for approval. Nothing signs without you.

compiling…

Deposit 1,000 USDC, run a delta-neutral ETH carry, keep health above 1.40.

Plain language → on-chain intent

“1,000 USDC”→Collateral posted once · backs the whole strategy

“Δ-neutral ETH carry”→Position borrow $2,000 of ETH · deploy to lending · Δ ≈ 0

“health above 1.40”→Guardrail floor 1.40 · guardian armed · auto-deleverage

Compiled on-chainlive

Collateral1,000 USDC

Borrowed$2,000 of ETH

PositionΔ-neutral carry

1.43

health factor · above your 1.40 floor

tx 0x……pending…

Flip through proven playbooks. Or write your own.

Every card is a ready strategy from one unified margin account. The agent runs whichever you pick; the risk engine keeps it alive.

Write your own instructionPlain words in — a defended position out

PlaybookΔ-NEUTRAL · PERPS

Funding-Rate Harvest

≈ 12%

Funding capture

1Buy BTC spot with the credit line
2Short the same size in BTC perps
3Collect funding · rebalance the drift

AGENTruns it end-to-end under your policyHF 2.4

However it’s written, it hits the same rails.

One open_position call, three front doors — one unified account and risk engine behind all of them.

For agents — Vanna becomes typed, policy-bounded tools they can call.

agent.mcp.json

// register the server once
"vanna": { "url": "mcp.vanna.finance" }

// the agent calls a typed tool
vanna.open_position({
  strategy: "dn-carry", floor: 1.40
})

# one command, policy-bound
$ vanna open-position \
    --strategy dn-carry \
    --collateral 1000usdc \
    --floor 1.40

→ tx 4f2a…c91 · settled ✓ · fee $0.004

// TypeScript SDK
import { Vanna } from "@vanna/sdk";

const v = new Vanna({ session });
await v.openPosition({
  strategy: "dn-carry", floor: 1.40
});

Responsesame account

{
  status: "open",
  health_factor: 1.43,
  collateral: "1,000 USDC",
  borrowed:   "$2,000 of ETH",
  tx: "0x9f4c…a3e2"
}

Same account, risk engine & guardrails — whichever way you call it.

READget_account_state · estimate_capacity · simulate_position

WRITEopen_position · repay_debt · rebalance

RISKprotect_position · get_risk_alerts

Scoped session keys · Vanna never holds custody · the guardian runs beneath all three.

We underwrite behavior, not promises.

Every guarded action leaves an on-chain trail. Vanna reads it, scores it, and turns it into an undercollateralized credit line.

◎0x7a2f…c4e9autonomous · treasury agent

0/ 850 · score

Tier 4 · Established

How it has behaved · on-chain

Repayment record100% on time

Liquidations avoided47 saves

Health-factor discipline1.8 avg · never < 1.4

Account age · volume214d · $1.2M

The steadier the record, the deeper the line — climbing toward 10×.1.0×

Any business can pull the score over x402 before it extends trust — GET /agent-score/0x7a2f…c4e9

Never get liquidated in your sleep.

One night SOL dropped 12% at 03:14. The guardian’s log on the left, your health factor on the right — it never touched the red.

While you were asleepwatching 24/7

03:14SOL dropped 12%. Health 2.4 → 1.3

03:14Guardian stepped in. Trimmed leverage, topped up collateral.

03:15Position secured. Back to 2.1 — you stayed in.

Lowest HF1.3

Liquidation at1.10

Recovered to2.1

It caught the dip you slept through.

Health factor · overnight00:00 – 06:00

liquidation · 1.10

guardian acted · 03:14

00:0002:0003:1404:0006:00

Plug in what you already have. Get credit that composes.

You already have collateral, a product, liquidity, or an agent to run. Plug in what you have — Vanna turns it into credit that composes across every market.