REAL ESTATE · ON-CHAIN · COMING SOON

Trade
Real Estate. Any neighborhood. Any city. 24/7.

M² brings real estate m² prices on-chain as perpetual futures. Long De Pijp. Short Centrum. Hedge your mortgage. Powered by the same oracle Dutch banks use.

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AMS-CTR
Centrum
€11,400/m²
AMS-JRD
Jordaan
€9,600/m²
AMS-ZUID
Oud-Zuid
€9,500/m²
AMS-PYP
De Pijp
€8,200/m²
AMS-RIV
Rivierenbuurt
€7,800/m²
AMS-NRD
Noord
€5,500/m²
AMS-WSP
Weesp
€4,900/m²
// HOW IT WORKS

Simple as
going long.

M² perpetuals settle to the daily m² price of each neighborhood. No expiry. No landlords.

01
Pick a neighborhood
Choose from Amsterdam's most traded areas. AMS-CTR tracks Centrum at €11,400/m². Each contract represents 1 m² of residential real estate exposure.
02
Go long or short, up to 20×
Deposit USDC, select leverage, open your position. Long if you think prices rise, short if you think they drop. Funding rates keep perps anchored to spot.
03
Oracle settles daily
Prices update daily using a bank-grade Automated Valuation Model (AVM) — the same data used by mortgage lenders. Manipulation-resistant and fully auditable.
04
Close anytime, settle in USDC
M² runs 24/7 on a high-performance on-chain trading layer. Close your position any time. PnL settles instantly in USDC.
🏗️
Bank-Grade Price Oracle
Automated Valuation Model (AVM)
150+
VARIABLES
24h
UPDATE FREQ.
NRVT
COMPLIANT
NL
BANK-GRADE
A bank-grade valuation model used by Dutch mortgage lenders — now feeding on-chain perpetuals for the first time.
// WHY M²

Finally.

🏠
Hedge your mortgage
If Amsterdam prices drop 20%, your house loses value. Short AMS-CTR with leverage to offset the loss. The first on-chain real estate hedge available to everyone.
📈
Speculate on neighborhoods
Think De Pijp is underpriced vs Centrum? Long AMS-PYP, short AMS-CTR. Express your view on relative neighborhood performance with up to 20× leverage.
⚡
On-chain speed
Sub-second finality, deep liquidity, no gas fees on trades. The fastest on-chain perp infrastructure, now for real estate.
🔍
Fully transparent oracle
Our price oracle is auditable and NRVT-compliant. Every update is traceable. No black boxes — the same transparency Dutch regulators expect from mortgage valuations.
🔓
Non-custodial
Your keys, your perps. M² is a permissionless protocol. No KYC to trade, no intermediary holding your collateral. Connect your wallet and go.
🌍
Every city, eventually
Amsterdam is the first city. Rotterdam, Utrecht, Berlin, London — any city with reliable AVM data is in scope. M² is the infrastructure layer for global real estate derivatives.
// FUNDING RATE

The mechanism that keeps
everything honest.

The funding rate is what anchors the perp price to the real-world m² price. Here's how it works — and why it matters for you.

01
Why does it exist?
A perpetual has no expiry date — so there's no natural force pulling the contract price back to the real-world price. The funding rate is that force. It's a small periodic payment between longs and shorts that keeps the two prices in sync.
02
How does it work?
When more people are long than short — meaning the contract trades above the real m² price — longs pay shorts a small fee every 8 hours. This makes longing less attractive and shorting more attractive, nudging the price back down. The reverse is also true.
03
What does it look like in practice?
Real estate prices are stable — so funding rates on M² are typically very small. A rate of +0.01% per 8 hours means a long position on €10,000 notional pays roughly €0.30 per day to hold. Compare that to crypto perps where funding can spike to 0.1%+ daily.
04
Positive or negative — what does it mean?
A positive funding rate means longs pay shorts — the market is bullish, the perp trades above spot. A negative funding rate means shorts pay longs — the market is bearish. If you're holding a short position and funding is negative, you actually earn money just for holding.
When contract price > real m² price
📈
LONGS
Pay funding
Funding payment
→ keeps price honest
📉
SHORTS
Receive funding
Result: longing becomes more expensive → price corrects down toward oracle
When contract price < real m² price
📉
SHORTS
Pay funding
Funding payment
→ keeps price honest
📈
LONGS
Receive funding
Result: shorting becomes more expensive → price corrects up toward oracle
EXAMPLE · AMS-CTR LONG POSITION
Notional value€10,000
Funding rate (8h)+0.012%
Cost per 8h period−€1.20
Cost per day (3 periods)−€3.60
For a typical M² real estate position, funding costs are a fraction of those on crypto perps — because real estate prices don't move like Bitcoin.
// MARKETS

Launch contracts.

CONTRACT MARK PRICE 24H CHANGE OPEN INT. FUNDING
AMS-CTR
Centrum · Amsterdam
€11,400
+0.88%
€18.2M
+0.012%
AMS-JRD
Jordaan · Amsterdam
€9,600
−0.22%
€14.1M
−0.005%
AMS-ZUID
Oud-Zuid · Amsterdam
€9,500
+0.55%
€13.4M
+0.009%
AMS-PYP
De Pijp · Amsterdam
€8,200
−0.42%
€11.5M
−0.008%
AMS-RIV
Rivierenbuurt · Amsterdam
€7,800
+0.31%
€8.7M
+0.004%
AMS-NRD
Amsterdam Noord
€5,500
+1.20%
€6.3M
+0.018%
AMS-WSP
Weesp · Amsterdam
€4,900
−1.10%
€4.1M
−0.021%
RTD-CTR
Rotterdam Centrum
€5,100
COMING SOON
—
—

Your neighborhood.
On-chain.

Join the beta. Be first to trade real estate perpetuals.

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No spam. Early access + priority onboarding.

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