How a perp DEX works, from funding rates to liquidation
Perpetual futures never expire, so funding and margin rules decide how long a position survives. One $10,000 trade is worked through to its liquidation price, with five venues compared.
Topic
DeFi and infrastructure
Protocols, perpetual exchanges, prediction markets and real-world assets. We explain how each design works and where it can fail, and we follow the tokens that come with them.
How prediction markets work, and what a 0.62 price means
A share priced at 0.62 costs $0.62 and pays $1 if the event happens. The price is a quote, not a forecast, and the rules behind...
Polymarket rolls out V2 and pUSD collateral, targeting November 2
pUSD is a collateral wrapper, not the POLY token. CEO Shayne Coplan announced no token at Token2049 on October 7, so the October...