https://t.co/27Qas78MRO enables leverage for prediction markets through perpetual contracts.
But what happens when the event resolves?
Instead of snapping to 0 or 1, Perp uses a settling window to glide the mark toward the outcome.
Here’s how it works 🧵
When the window ends, remaining positions close at the final interpolated mark. The market settles.
No expiry means no arbitrary futures expiry date. The underlying event still has an ending.
One unusual trade shouldn’t decide whether you get liquidated.
https://t.co/27Qas79kHm uses a separate mark price for liquidation checks, rather than its last traded price.
Here’s where that mark comes from 🧵
Two prices. Two jobs.
Your fill price determines where you trade.
The mark values your open position for margin and liquidation checks.
Get early access to Perp → https://t.co/27Qas78MRO
What if the feed stops updating?
https://t.co/27Qas78MRO holds the last good mark and defers price-sensitive actions.
If staleness persists, the market can enter a reduced-risk state.
Made the board? Keep your DMs open, we're reaching out to winners now.
Make sure you're following @perpdotcom so we can find you. https://t.co/27Qas79kHm