Epicentral Labs

Epicentral Labs is a US-based DAO-LLC developing options trading infrastructure on Solana, with OPX as its flagship non-custodial options exchange and the Solana Options Standard as the open-source protocol layer underpinning it. The Solana derivatives market is dominated by perpetual futures, which carry continuous borrow costs that erode positions over time, leave traders without a direct way to express volatility views, and offer limited risk management tools beyond stop-losses. Options address these constraints with predefined risk-reward payoffs determined at contract creation rather than subject to ongoing funding rates, fixing the maximum loss at the premium paid. OPX operates as a non-custodial exchange where all transactions execute through smart contracts directly from users wallets. Two distinct interfaces serve buyers and sellers. The Trade Page shows buyers available option chains with strike prices, expiration dates, pricing variables, and option Greeks; positions can be sized fractionally at 0.25, 0.50, 1.00, or more contracts, allowing precise exposure calibration. The Option Lab serves sellers through a three-step workflow: select a strike price, expiration date, and position size; provide required collateral or draw on the Option Margin Liquidity Pool (OMLP) for up to 10x leverage; then review and mint the contract on-chain. The OMLP functions as the borrowing facility for sellers who want to write contracts without posting full collateral. Protocol fees are collected when users open, close, or interact with options positions, and those fees flow to LABS stakers through the Staking Lab. OPX targets American-style options, meaning holders can exercise at any point before expiration rather than only at expiry. Underneath OPX sits the Solana Options Standard (SOS), an open-source SDK for creating, executing, and assigning option contracts on Solana, developed in collaboration with HelloMoon and designed as a shared infrastructure layer that any developer can build on, not a closed protocol exclusive to OPX. The LABS token (mint address: LABSh5DTebUcUbEoLzXKCiXFJLecDFiDWiBGUU1GpxR) carries two functions: governance and fee participation. Total supply is 54 million tokens, all circulating, tradeable on Raydium and Meteora. The Epicentral DAO operates as a DAO-LLC with on-chain governance running through Realms; LABS holders, referred to as Voters, hold legally binding authority over DAO decisions, with the DAO-LLC structure intended to give token-based governance legal standing in the US. Users who stake LABS through the Staking Lab receive xLABS representing their proportional claim on OPX protocol fees; the Staking Lab is live on Solana mainnet at version 1.3.1 using Helius as the RPC provider. The project conducted a public fundraising round on Cabana Exchange using Manifest Trade order books, which it described as the first decentralized open-market fundraise on Solana, offering LABS at a fixed price of $0.0046 per token with zero slippage through a Realms-governed order book; contributors received a share of 10% of all OPX trading fees for the first two months following launch. Key integrations include Helius for RPC infrastructure, Birdeye for price and liquidity data, and Jupiter for price feeds. No smart contract audits have been completed as of mid-2026; the Staking Lab interface explicitly flags Program Audit: Not Started, a material risk factor for a protocol handling user collateral through the OMLP and option contract minting. The team operates pseudonymously with a contributor identified as TheCyberStaker in documentation and roadmap materials; no other team members are named in publicly available sources. Options trading is underdeveloped on Solana relative to spot and perpetual futures, and Epicentral Labs is building at both the protocol layer (SOS) and application layer (OPX), positioning itself as potential infrastructure for future options protocols alongside its own exchange. The OPX exchange was targeting mainnet launch as of mid-2026, with the Staking Lab already operating on mainnet and the LABS token current market cap reflecting an early-stage project that has not yet launched its primary revenue-generating product.