Uniswap, but for perps
Any asset. Linear, stable, and option-like perps.
TradFi capital efficiency.
What is a market?
A perp trading ecosystem for any asset
Permissionlessly deployed trading ecosystem
Anyone can easily deploy a perp trading market on any pair of ERC-20s
Perps, redefined
DeFi primitives reimagined as perps: Stablecoins, Uniswap LPs, Linear perps, and Squeeth/Gamma
Automated market making strategy
Anyone can passively provide liquidity and earn fees on every perp trade
TradFi capital efficiency
All collateral assets work together as part of a portfolio, unlocking new trades
True DeFi
Not centralized finance masquerading as DeFi, stays true to DeFi’s promise
Permissionless market deployment
Deploy a market on any ERC-20 pair
Perp ecosystem built on top of Uniswap Pools
Easy to bootstrap with automated market making strategies
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0b925bcd4ef95eb3ee8_uniswap.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0cf1781b60ac0c29faa_maker-mkr-logo.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483527ed4d0694d23948_Ethereum-2.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483609d7f141c91f6f8a_Ethereum-1.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0ae78c3688c13754138_steth_logo.webp)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0e59f6f5436bf12ab3b_dai.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0f8e52bffa546c42534_arb.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0b925bcd4ef95eb3ee8_uniswap.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0cf1781b60ac0c29faa_maker-mkr-logo.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483527ed4d0694d23948_Ethereum-2.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483609d7f141c91f6f8a_Ethereum-1.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0ae78c3688c13754138_steth_logo.webp)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0e59f6f5436bf12ab3b_dai.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0f8e52bffa546c42534_arb.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0b925bcd4ef95eb3ee8_uniswap.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0cf1781b60ac0c29faa_maker-mkr-logo.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483527ed4d0694d23948_Ethereum-2.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483609d7f141c91f6f8a_Ethereum-1.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0ae78c3688c13754138_steth_logo.webp)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0e59f6f5436bf12ab3b_dai.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0f8e52bffa546c42534_arb.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0b925bcd4ef95eb3ee8_uniswap.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0cf1781b60ac0c29faa_maker-mkr-logo.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483527ed4d0694d23948_Ethereum-2.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483609d7f141c91f6f8a_Ethereum-1.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0ae78c3688c13754138_steth_logo.webp)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0e59f6f5436bf12ab3b_dai.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0f8e52bffa546c42534_arb.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0b925bcd4ef95eb3ee8_uniswap.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0cf1781b60ac0c29faa_maker-mkr-logo.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483527ed4d0694d23948_Ethereum-2.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483609d7f141c91f6f8a_Ethereum-1.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0ae78c3688c13754138_steth_logo.webp)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0e59f6f5436bf12ab3b_dai.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0f8e52bffa546c42534_arb.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0b925bcd4ef95eb3ee8_uniswap.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0cf1781b60ac0c29faa_maker-mkr-logo.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483527ed4d0694d23948_Ethereum-2.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483609d7f141c91f6f8a_Ethereum-1.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0ae78c3688c13754138_steth_logo.webp)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0e59f6f5436bf12ab3b_dai.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0f8e52bffa546c42534_arb.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682e2080fb15480e6ccb60f_tether.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5152e1355a597496ab1_gmx.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b515c610767500d32811_grt.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5151219a67ca9a63481_link.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5150bf3a823305c2cc2_crv.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b515bdd6d86d832a526e_comp.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5150c4e36fce2e9912b_gno.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0b925bcd4ef95eb3ee8_uniswap.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5152e1355a597496ab1_gmx.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b515c610767500d32811_grt.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5151219a67ca9a63481_link.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5150bf3a823305c2cc2_crv.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b515bdd6d86d832a526e_comp.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5150c4e36fce2e9912b_gno.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682e2080fb15480e6ccb60f_tether.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5152e1355a597496ab1_gmx.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b515c610767500d32811_grt.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5151219a67ca9a63481_link.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5150bf3a823305c2cc2_crv.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b515bdd6d86d832a526e_comp.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5150c4e36fce2e9912b_gno.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682e2080fb15480e6ccb60f_tether.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5152e1355a597496ab1_gmx.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b515c610767500d32811_grt.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5151219a67ca9a63481_link.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5150bf3a823305c2cc2_crv.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b515bdd6d86d832a526e_comp.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6682b5150c4e36fce2e9912b_gno.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0b925bcd4ef95eb3ee8_uniswap.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0cf1781b60ac0c29faa_maker-mkr-logo.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483527ed4d0694d23948_Ethereum-2.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483609d7f141c91f6f8a_Ethereum-1.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0ae78c3688c13754138_steth_logo.webp)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0e59f6f5436bf12ab3b_dai.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0f8e52bffa546c42534_arb.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0b925bcd4ef95eb3ee8_uniswap.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0cf1781b60ac0c29faa_maker-mkr-logo.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483527ed4d0694d23948_Ethereum-2.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/666b483609d7f141c91f6f8a_Ethereum-1.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0ae78c3688c13754138_steth_logo.webp)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0e59f6f5436bf12ab3b_dai.png)
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6678b0f8e52bffa546c42534_arb.png)
Perps, redefined
DeFi primitives reimagined as perps
Curved and stable perps join your linear favorites
Combine perps and collateral for unique trades
Leverage on any perp or collateral asset
Perp returns exclude funding
Flo
Automated perp market making strategy that earns fees from all trades
![](https://cdn.prod.website-files.com/66671c97ca270ea78e0b24b7/6672e4fb4c348a89c33df489_tradfi-2.png)
TradFi capital efficiency
On-chain portfolio margin for each market
Margin across perps, collateral assets, strategies, and Uniswap LPs
Off-chain proof generation and on-chain verification
Unlocks never before seen products and massively improves capital efficiency
True DeFi
Permissionless
Anyone can deploy a market on any token
Non-custodial
No one controls parameters or user funds
Immutable
No arbitrary changes to market rules
Transparent
No databases or off-chain order books
Composable
Integrates with Uniswap, and anything else