Account System

Kyan introduces an account system designed to support advanced trading strategies and precise risk management. At the core of this system are sub-accounts and per-asset portfolios, which provide control over margin, capital allocation, and exposure across different strategies.

Sub-Accounts

When a user connects their wallet (an Externally Owned Account, or EOA) to Kyan, a sub-account is automatically created. Sub-accounts function like separate wallets within Kyan. Each one is fully independent in terms of its margin requirements, risk parameters, and asset exposure.

Users can create and manage multiple sub-accounts from a single EOA. This architecture enables traders to run distinct strategies in parallel without cross-contamination of risk. For example, one sub-account might hold a directional BTC options position, while another manages a delta-neutral BTC strategy, each isolated from the other.

Per-Asset Portfolios

Within each sub-account, Kyan maintains separate margin accounts per supported asset (currently BTC, ETH, and ARB). These margin accounts are referred to as portfolios.

Each portfolio is evaluated independently by the risk engine, with its own Initial Margin (IM), Maintenance Margin (MM), and margin ratios. This design ensures that risk is isolated not only at the sub-account level but also within each portfolio.

For more on how portfolio margin works on Kyan,see the Portfolio Margin documentation.

Example

A BTC position facing a margin call will not impact an ETH position within the same sub-account. Similarly, an ARB portfolio operating with high leverage will not affect the BTC or ETH portfolios.

This structure enables precise capital allocation and risk segmentation across multiple dimensions.