Vanilla Finance: Democratizing DeFi with Lightning‑Fast, Leveraged Trading

1. Overview

Launched in 2023 from Singapore, Vanilla Finance is an on-chain derivatives and perpetual trading platform integrated directly into Telegram. With backing from top-tier investors such as HTX Ventures, UOB Ventures, ABCDE Labs, Paper Ventures, Y2, Signum, Ocular, Cherry, Openspace, and angels from STEPN, Movement, Scroll, and XAI, Vanilla has grown rapidly to challenge centralized exchanges with high-speed, low-cost trading features defillama.com+3rootdata.com+3github.com+3mpost.io+5prnewswire.com+5cointelegraph.com+5.

Vanilla is a pioneer in on-chain derivatives offering ultra-leveraged perpetual contracts (up to 10,000×) with a unique “no liquidation” design. Users can own 1 BTC for as little as $10, while exposure is synthetically managed. In less than 6 months, it onboarded over 6 million users, generated more than $10–12 billion in trading volume, and saw 1.4 million traders .

On Telegram, it operates as a trading mini‑app, offering spot trading, leveraged derivatives, transaction‑mining tasks (called “Cones”), and gamified incentives within the chat interface—an innovative mobile-first DeFi experience .

2. Core Products & Innovation

2.1 Super Perpetuals (10,000× leverage, no liquidation)

One of Vanilla’s hallmark offerings is Super Perpetuals, enabling massive leveraged exposure (up to 10k×) without liquidations. Thanks to engineered risk mechanisms, traders with limited capital can participate safely in large positions defillama.com+15mpost.io+15egamers.io+15.

Since launching on BNB Chain in April 2025, Super Perpetuals have marked over $37 billion in volume, with 1.4 million traders and 6 million users, demonstrating strong traction bitrue.com+5mpost.io+5egamers.io+5.

2.2 Total Return Swaps (TRS)

Vanilla offers TRS, which allow users to long or short fresh meme tokens mere minutes after launch—bringing decentralized Total Return Swap derivatives to on‑chain markets mpost.io+2bitrue.com+2coinmarketcap.com+2.

2.3 Profit Swap Contracts

These provide synthetic exposure for major assets like BTC, ETH, and DOGE at minimal upfront investment. For instance, owning 1 BTC for just $10 square.htx.com+9bitrue.com+9reddit.com+9.

2.4 Transaction‑Mining & “Cones”

Users earn Cones—point tokens—via on-chain actions like trading and task completion via Telegram. These points fuel airdrop eligibility for the upcoming native token .

3. Infrastructure & Integration

• Telegram Mini‑App: Vanilla runs entirely within Telegram, enabling walletless trading powered by the Telegram Bot API .
• OKX Wallet integration: Browser integration via OKX Wallet enables seamless on-chain interaction for Web3 users globenewswire.com.
• Multi‑chain support: Currently active on BSC, with plans to expand to Scroll, Bitlayer, TON, SEI, Line, among others prnewswire.com+4aeiuwhscoi.vanilla-finance.com+4cointelegraph.com+4.
• Explorer & GitHub: Protocol details and contract repositories are available publicly .

4. Adoption Metrics & Ecosystem Reach

MetricValueUsers6 million onboarded in <6 months Total Traders1.4 million Volume$10–12bn total, $37bn on BNB 24‑hour perp volume (DeFiLlama)≈ $8 million TVL (BNB)≈ $22k (DeFiLlama)

These numbers highlight explosive adoption and significant leverage activity from both retail and experienced traders.

5. Partnerships & Recognition

• Telegram Gaming Bots: Collaboration with Catizen and NotCoin creates synergistic trading-gaming ecosystems on Telegram .
• Investor Backers: HTX Ventures co-led investments alongside UOB, ABCDE, etc., reinforcing growth and compliance .
• Industry Rankings: Ranked #89 among DEXs on ICO Drops, and gaining recognition via Binance MVB Season 8 and CoinMarketCap CMCLabs .

6. Roadmap & Future Expansion

Q3‑Q4 2024

• Add more spot and leverage pairs
• Launch staking, futures, H5 UI, SEI deployment, TikTok presence

Q1 2025

• Integrate with Line, expand in Korea and Japan
• Execute public TGE and token airdrop (now historic)

Q2‑Q3 2025 goals

• Achieve 5M users, $8B+ volume, 1.3M traders
• Expand monthly active users to ~1.7M with 100k daily traders
• Build partnerships with BNB, Line, SEI, Kaia Chain, etc.

7. Risks & Considerations

• High leverage risk: While liquidations are removed, major loss liability remains.
• Smart contract vulnerabilities: Potential issues despite audits.
• Regulatory exposure: Leverage products may attract attention from authorities.
• Token launch execution: Tokenization can face market, timing, and distribution challenges.

8. Summary

Vanilla Finance has emerged as a trailblazer, combining lightning-fast leveraged trading, mobile-first UX, massive user growth, and multi-chain expansion—all integrated via Telegram. With institutional backing and recognition from leading programs, it’s positioned to transform decentralized derivatives and perpetual markets.

❓ FAQ

1. What is Vanilla Finance?

A Telegram-integrated DeFi derivatives platform offering up to 10,000× leverage, TRS, profit swaps, and gamified incentives.

2. How does “no liquidation” work?

Positions are synthetic and algorithmically managed to avoid standard liquidation, though losses can still occur.

3. What are Cones?

Points earned via trading and tasks on Telegram, redeemable during the token airdrop.

4. Which chains support Vanilla?

Currently BNB. Future expansion includes Scroll, Bitlayer, TON, SEI, and more.

5. How to start?

Install Telegram, interact with the @Vanilla_Finance_Bot, connect your wallet via OKX or similar, and begin trading.

6. Is it safe?

Audited with reputable backers, but high leverage entails risk. Use with care and understand mechanics before deploying funds.