If you're a perp trader tired of your capital being locked behind a trade, check out our submission for the Arbitrum London Buildathon. Phase 1 of the capital layer for perp markets is live on Arbitrum testnet. Our first venue, @GMX_IO
(Please excuse my camera shy awkwardness😳)
We just submitted RYex to the @arbitrum Open House London Buildathon.
Find us on the page below and drop a heart if you like what we're building.
There's a demo video too — the quickest way to see how RYex turns an open perp position into productive, composable capital.
https://t.co/AYUjmqvhbj
DeFi doesn't need new primitives anymore. that's the uncomfortable part nobody says out loud.
lending, perps, AMMs, stablecoins, LSTs. the toolkit is basically complete. most "new" protocols are a fork with a different color scheme.
Thursday funding
- Samsung 170%
- USAR 113%
- GME 88%
- AMZN 48%
BTC 3% · ETH 2.9% · SOL -9%🙈
The two columns aren't converging. Equity perp funding is paying 30-50x crypto, and almost no DeFi capital can reach it yet.
That's the gap.
Every position type in defi eventually got tokenized. Except trader perp positions.
$2.6B sitting in Hyperliquid perp OI, disconnected from the rest of DeFi.
Free that capital and it works while the trade runs: lend it, LP it, earn on it, position still open.
First post
We're building the capital layer for perpetual markets. Open perp positions become productive ERC-20 capital. Composable, lendable, LP-able. The trade stays open the whole time.