We built the perp DEX everyone said was impossible

We built the perp DEX everyone said was impossible

Perps are a solved product with an unsolved infrastructure problem. To build the ideal perps DEX, you need three things at the protocol level: 1. fully on-chain execution 2. a true, granular CLOB 3. low gas + fast updates The problem is that every generation of blockchain infrastructure made at least one of those impossible. * On ETH L1, 12-second blocks meant you couldn't do on-chain matching. So dYdX v2 put the CLOB off-chain and only settled on-chain. Off-chain, one point of failure.
We built the perp DEX everyone said was impossible

We built the perp DEX everyone said was impossible

Perps are a solved product with an unsolved infrastructure problem. To build the ideal perps DEX, you need three things at the protocol level: 1. fully on-chain execution 2. a true, granular CLOB 3. low gas + fast updates The problem is that every generation of blockchain infrastructure made at least one of those impossible. * On ETH L1, 12-second blocks meant you couldn't do on-chain matching. So dYdX v2 put the CLOB off-chain and only settled on-chain. Off-chain, one point of failure.
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Understanding liquidations in perp markets

Understanding liquidations in perp markets

Perps take trading to the next level. With leverage, flexibility, and the ability to speculate on ups and downs, more and more traders are jumping into the perp game with the hopes of reaping the benefits. But trading perps comes with risk and one of the most important risks to understand is liquidation. If you’re trading perps, knowing how and why liquidations happen can make or break your trading experience. In this blog we will unpack the mechanics of liquidations, the role of margin trading,
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Smart Wallets & Account Abstraction

Smart Wallets & Account Abstraction

Users have been complaining about onboarding to crypto for years and nearly every team in the space is working on solutions to make UX better. Legacy crypto onboarding experiences are clunky and risky. Wallets are secured by easy to lose seed phrases, every transaction needs a manual signature, transaction costs can be more expensive than the transaction itself, and one mistake can mean loss funds--not to mention customer support is pretty much non-existent. Though the troubles with onboarding s
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Perpl partners with Agora

Perpl partners with Agora

We’re excited to announce our new partnership with Agora, an on-chain stablecoin infrastructure platform backed by Paradigm and Dragonfly.  Agora is the issuer of AUSD.  The Agora Reserve Fund uses State Street as the cash custodian and VanEck, the global investment management firm with over $100 billion in assets under management, as the investment manager. Perpl is thrilled to announce a partnership with @withAUSD, an on-chain stablecoin infrastructure platform backed by Paradigm and Dragonfl
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Decentralized vs. Centralized Exchanges

Decentralized vs. Centralized Exchanges

Exchanges are where trading happens and they come in two very different flavors: centralized exchanges (CEXs) and decentralized exchanges (DEXs). Understanding the differences, benefits, and trade-offs between the two types of exchanges is crucial for traders as they navigate the crypto landscape. Let's dive into the differences between the two exchange types and why Perpl has chosen to build a decentralized exchange. Centralized Exchanges CEXs, such as Binance, Coinbase, and Kraken, function
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