> For the complete documentation index, see [llms.txt](https://docs.kyte.sh/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kyte.sh/protocol/markets-v1-v2.md).

# Markets v1 and v2

Two generations of markets, running side by side.

Kyte runs **two market sets side by side** on mainnet. They share the same timelock, guardian, FeeVault, StakingPool and BuybackBurner.

|                             | v1                                                    | v2                                           |
| --------------------------- | ----------------------------------------------------- | -------------------------------------------- |
| AssetRegistry capacity      | 25 assets                                             | 300 assets (Robinhood Stock Tokens + crypto) |
| Option NFT id tags          | 1 (calls), 2 (puts)                                   | 3 (calls), 4 (puts)                          |
| New offers from the website | No                                                    | **Yes**                                      |
| Existing positions          | Keep settling: buy, exercise, cancel, expire all work |                                              |
| Deployed at block           | Original deploy                                       | `105677746`                                  |

**How the software picks a market:** the website sends new offers and listings to v2. For an existing position it reads the tag from the id (`id >> 248`): tags 1–2 go to the v1 contracts, tags 3–4 to v2. The indexer and keeper watch all four markets.

**What v2 lists:** every active Robinhood Stock Token deployed on chain 4663 (from Robinhood's asset API), with an exposure cap worth about $50,000 at listing and a minimum total strike of 0.0001 ETH; every token still enabled in v1, with its v1 settings. Puts are enabled for all of them. A screened list of trending Robinhood Chain tokens, with smaller caps, is prepared for a follow-up listing and is not in the registry yet. No two listed tokens may share an on-chain symbol, because prices, charts and offers are keyed by symbol.


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