Nova Markets vaults

Nova Markets operates a perpetuals trading platform that combines access to Hyperliquid with its own Conviction Markets. Its Conviction Pool accepts USDC on Arbitrum and supplies counterparty liquidity to Nova's own markets, earning trading and borrowing fees while bearing trader profit-and-loss risk.

Nova's contract disclosures identify the Conviction Pool at 0x9cA80193712F372e2ff33A00127292884F6F8598 as a fork of Gains Network contracts with administration controlled by a Nova 2-of-3 multisig. Pool upgrades have a 14-day timelock, while trading-contract changes can use a three-day route or a ten-hour emergency route; market settings and some oracle changes can be made without a delay.

Nova also acts as the protocol curator for its separate NLP vault, which uses Lagoon infrastructure on HyperEVM to make markets on Hyperliquid order books. NLP depositors receive a share of trading fees and bear the full market-making profit or loss; key management uses Fordefi MPC and valuations and settlement depend on the operator. Nova describes withdrawals as taking up to seven days; this is an operator estimate rather than an onchain settlement deadline.

Nova's risk disclosures identify operated keepers and oracles. Its audit references cover upstream Gains contracts, and Lagoon publishes infrastructure audits; no Nova-specific deployment audit report or attributable public development repository was verified in the 28 October 2026 review.