🗂️ DeFi | Decentralized Perpetual Contracts
· Definition: On a perpetual contract DEX, users can trade perpetual contracts by connecting a wallet. Margin, profits, and losses are settled according to on-chain rules.
· How it works: The order book model is similar to the matching mechanism used by centralized exchanges, with prices determined by buyers and sellers. The pool model relies on oracle pricing, so problems with the oracle can directly affect settlement.
· Reminder: Before trying a new perpetual contract DEX, review the platform’s margin and liquidation rules. Don’t assume they’re the same as Binance’s.
$HYPE 81.6 (+0.21%)
· Definition: On a perpetual contract DEX, users can trade perpetual contracts by connecting a wallet. Margin, profits, and losses are settled according to on-chain rules.
· How it works: The order book model is similar to the matching mechanism used by centralized exchanges, with prices determined by buyers and sellers. The pool model relies on oracle pricing, so problems with the oracle can directly affect settlement.
· Reminder: Before trying a new perpetual contract DEX, review the platform’s margin and liquidation rules. Don’t assume they’re the same as Binance’s.
$HYPE 81.6 (+0.21%)