Versus
A peer-to-peer hedging layer where onchain risks like depegs and volatility trade as event contracts
The loss event itself becomes the contract. Markets cover stablecoin depegs, how far a pair swings within a day, whether an LP's return drops below zero. One side buys protection, the other earns a premium for carrying the risk. The team describes it as a risk protection layer for onchain finance.
As checked on 2026-09-05 the app runs in beta on Base. Markets are grouped into stablecoins, protocols, LPs, staking, listings, networks, outages, climate and finance; most daily markets open that day showed zero volume, with one weekly market around $11K. A weekly points programme runs alongside.
The site's footer carries 'Accelerated by Upbit GIWA' next to 'Granted by Uniswap' and 'Audited by Cyfrin'. The GASOK Phase 3 selection is stated both in the 2026-09-03 post and on the site itself.
Description from: vigilan.market ↗ · the project's own description
Operated by Vigilan LTD
Note: It goes by two names: Versus on the X account and in the app, Vigilan on the marketing site and as the company (Vigilan LTD). The app still runs on Base, and no GIWA deployment has been announced. (Checked 2026-09-05.)
Hedge real exposure across financial markets with market-based event contracts. Earn premium by taking on risk.
The project's own Open Graph image and text.
GASOK Phase 3
- Status
- Selected
- Evidence tier
- Self-announced
- Evidence
- View source ↗
Based on a public statement by the project itself or a credible third party. GIWA has never published an official roster. Phase 3 is also an ongoing stage, so this means admission to it rather than completion.
What is GASOK Phase 3?
GASOK is Dunamu and Upbit's builder program for GIWA, an incubation running five months or more. Phase 3 (Aug–Sep 2026) is the "market readiness & launch" stage, aiming at testnet user metrics and a private mainnet deployment. There are five tracks: DeFi/RWA, Consumer/Social, GIWA-Native, AI/Web3, and Mass Adoption.
What teams admitted to GASOK Phase 3 receive
- Engineering and productization support from the GIWA team, plus industry advisors
- Seoul office space if needed, and press and media support
- A slot at KBW 2026 Demo Day
- A $20K initial grant for the Demo Day winner, with more tied to later KPIs
It goes by two names: Versus on the X account and in the app, Vigilan on the marketing site and as the company (Vigilan LTD). The app still runs on Base, and no GIWA deployment has been announced. (Checked 2026-09-05.)
Latest updates
We’re excited to announce that Versus has been selected for Phase 3 of GIWA GASOK accerlator program. @GIWA_by_Upbit @Official_Upbit We’re looking forward to working alongside the Upbit GIWA ecosystem as we continue building Versus into the risk protection layer for onchain https://t.co/vswQXSQGV4
We’re excited to announce that Versus has been selected for Phase 3 of GIWA GASOK accerlator program. We’re looking forward to working alongside the Upbit GIWA ecosystem as we continue building Versus into the risk protection layer for onchain finance. More to come. Versus × https://t.co/21o1RlYzdG
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