Launch a coin and it goes straight to a perp market. The memecoins you already know trade here too: long or short them with up to 10x.
Long or short the coins already running with up to 10x, and every new launch from its first block. Open interest, funding and the long/short split are on every market. Live prices
A coin that launched a minute ago can't carry 10x. So every market starts at 2x and earns more as its market cap and liquidity grow, the way the big perp exchanges size memecoin markets.
Live prices and real charts. Connect a wallet, pick a side, set your size in USDC and sign. Each coin's max leverage and the liquidation price are shown before you trade.
Name, ticker, picture. Nothing extra to set up.
Anyone can long or short it right away, priced from the coin's own on-chain pool.
40% of every perp fee buys the coin on the open market. Shorts pay for buybacks too.
2x at launch, up to 10x for coins over $100M. Small coins can't be over-levered.
Marks use a short time-weighted price from the coin's own pool, so one wick doesn't liquidate everyone.
Open interest is capped by the pool's depth. Thin coins get small markets until they grow.
25% of every fee builds an insurance fund that covers bad debt before anything else.
10% of every perp fee, on every market, buys it back and burns it.