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Explainer

What Tricker Is For

It turns three to five assets into one position you can buy, or take long or short. Here is what the protocol actually does, and why there is no Tricker coin to buy.

If you hold BTC, ETH and SOL, you are already running a bag. You just run it by hand. You bought the three positions separately, you watch three tickers, and when one of them runs and your weights drift out of shape, you fix it with three more transactions and three more lots of gas.

Tricker's pitch starts from that observation. Its closing line on the landing page says it in one sentence:

“If you are holding more than one coin, you are already running a bag. Make it one.”

Tricker landing page

What the site is for

Tricker is an onchain bag protocol. You pick three to five assets, set the weight of each one until they add up to 100%, and save. From that moment the basket behaves as a single tradeable thing: you buy the whole composition in one trade at a blended price, or you take it long or short with leverage as one position.

The landing page exists to do three jobs. It explains that model; it lets you try the builder without connecting anything, through an interactive demo on the page; and it puts numbers on the claim with two calculators: what you stop paying in swaps and gas, and how large a position gets with leverage.

The thing being sold is not exposure to Tricker. It is a way of holding exposure to whatever you already believe in.

About “the Tricker coin”

There isn't one.

Tricker has no native token. Nothing on the site offers a governance coin, a staking token, a presale, an airdrop, or any asset that represents the protocol itself. If you are offered a “$BLEND” or a “Tricker token” anywhere, nothing on this site backs that claim, so treat it as a reason for suspicion, not excitement.

What the protocol does have are the coins that go inside your bag. Those are the assets you choose, and they are not issued by Tricker:

They can sit side by side in a single bag, across Robinhood Chain, Ethereum, Base, BNB Chain and Solana. A basket that is two thirds crypto, a quarter tokenized equity and the rest gold is an ordinary thing to build here, and that mix is most of the point.

The bag itself is also not a coin, at least not as the site describes it. What gets stored onchain is the composition, meaning the assets and their weights, and that composition is applied on every trade. The page does not describe the protocol minting a token for your basket that you could send to someone else, and this article does not assume it does.

How a bag gets built

Four steps, and they are a genuine sequence in which each one depends on the last:

  1. Pick the assetsThree to five tokens, tokenized stocks or real world assets, from any supported chain.
  2. Set the weightsTune each one until the basket totals 100%. The weights are written onchain.
  3. Buy it in one tradeA single fill across every leg, at a price blended from all of them.
  4. Or trade it with leverageLong or short the whole basket through perps, with the liquidation price shown before you execute.

There is no listing committee and no approval queue between step two and step three. There is no fee to get a bag listed, and it goes live the moment you save it.

What being onchain actually buys you

Weights that hold. Because the composition is stored onchain and applied on every trade, a 40/35/25 bag stays 40/35/25 as far as the protocol is concerned. Nothing drifts quietly between trades, and nothing is recalculated by hand.

Custody you never hand over. Deposits, spot positions and perpetual settlement all run from your own wallet, and withdrawals go straight back to it. There is one balance covering both spot and perps, funded in ETH.

A price you can see the inside of. The blended price is the weighted price across every leg, refreshed every ten seconds from DexScreener and equity feeds. Before you confirm, the builder shows the exact composition and the resulting blended price, so there is no gap between what you are looking at and what you are buying.

Leverage, and where it bites

You can take the whole bag long or short at 1x to 5x. The detail that matters is where the liquidation level is computed: on the bag as a whole, rather than asset by asset. One leg having a bad hour does not liquidate you on its own the way a separate 5x position on that leg would. It is shown before you open, not discovered afterwards.

That is a real structural difference, and it is not the same as safety. A leveraged basket is still leveraged: if the blended price moves far enough against you, the position closes. The site's own position sizing calculator states that its liquidation figure excludes funding and fees, which means the real distance to liquidation is shorter than the illustrative number.

The protocol in numbers

Assets per bag3 to 5
WeightsMust total 100%, stored onchain
Price refreshEvery 10 seconds, weighted across every leg
Price sourcesDexScreener and equity feeds
Leverage1x to 5x, long or short, on the whole bag
LiquidationComputed on the bag, shown before you open
ChainsRobinhood Chain, Ethereum, Base, BNB Chain, Solana
Asset typesTokens, tokenized stocks, real world assets
ListingPermissionless: no fee, no queue, live on save
CustodySelf custody throughout, ETH deposits
Native tokenNone
Trading feesNot published yet

What the page does not tell you yet

Worth knowing before you take any figure on the landing page as a quote. The site labels most of this itself:

  • Trading fees are unpublished. The FAQ answer on cost is still a placeholder.
  • Both calculators are illustrative. The gas figure rests on a sample cost per avoided swap and a monthly rebalance; the sizing example assumes 0.05 ETH of collateral.
  • The hero chart is artwork, not a live feed. It is labelled “blended price, illustrative” on purpose.
  • The trader quotes are placeholders. The bracketed text in those three cards is not a testimonial from anyone.

Who it is actually for

Someone who already holds a thesis in pieces. If your conviction is “the majors plus a gold hedge” or “these four names, in these proportions,” you are currently expressing it across several positions and maintaining it by hand. Tricker's argument is that the thesis is the unit you actually care about, so it should be the unit you trade, rebalance and read the PnL of.

If you hold one asset and intend to keep holding one asset, none of this buys you anything.

Written from the content of the Tricker landing page. Figures and mechanics described here reflect what that page states; nothing has been added from outside it.

Nothing here is financial advice. Leveraged positions can be liquidated, and you can lose what you put in.