The first Aqua positionthat knows which way it's leaning
A trading position that feels its own balance shift — and prices the next trade accordingly. No keeper. No bot. It's in the curve itself.
A position that leans, and knows it.
Hold too much of something that's falling and you bleed. Every trading desk fixes this by shading their prices. Keel is the first one that does it on-chain, inside the trade itself.
It sees what it holds
01At the moment it quotes a price, the position can read its own real balance — not a pool's, its own.
It leans against the risk
02The more it's already holding, the more expensive it makes the trade that would hand it even more.
It never has to act
03No keeper, no rebalancing transaction, no delay. By the time the next trade arrives, the price has already moved.
Same flow. Same inventory. Different PnL.
Two positions, the same 120 trades, the same tokens left at the end. The only difference is what each trade cost — and that gap is worth +0.1491.
Deployed, not just tested.
The router, the hook and Aqua itself are live on a public chain — and the subgraph is indexing them with no errors.
The position defends itself.
No keeper. No rebalancing transaction. It's in the pricing math.