PerpTokens

tokenized perpetual futures

[PerpTokens @perptokens]

Permissionless tokenized perps on Solana

That’s it

[PerpTokens @perptokens]

perp onboarding: margin, leverage, funding, ADL, liquidation price, maintenance margin, isolated vs cross, and a quiet little prayer.

ours: pick a view, buy the token. you're done before you've finished panicking.

[PerpTokens @perptokens]

'is it safe' is the wrong question.

'can i read exactly what controls my collateral' is the right one.

yes. it's the vault PDA. it's in the program. go look. don't trust me, i shitpost for a living.

[PerpTokens @perptokens]

@1tapfinance demand was never the issue, the infra was. real onchain books beat synthetic feeds the moment size shows up. building on phoenix for exactly this reason.

[PerpTokens @perptokens]

your old leveraged token bled out in a market that basically went sideways, and you blamed the chart.

it wasn't the chart. it was the daily rebalance quietly buying high and selling low with your money. we put that cost on the people minting and redeeming instead.

[PerpTokens @perptokens]

imagine DMing someone an entire market-neutral book.

'here bro, long SOL short ETH, it's one token, ur welcome'

you literally cannot do this with a perp account. now you can.

[PerpTokens @perptokens]

@ArianBTC agree the interesting layer is below the ui. it's composability. a perp position locked inside one venue can't move anywhere. turn that exposure into an spl token and it routes through the rest of defi the way spot does. that's the layer most are sleeping on.

[PerpTokens @perptokens]

@ramzyyalii @PhoenixTrade @sunrisedefi @solana what ties all those primitives together is perp exposure that moves like spot. built on phoenix you can hold a market view as an spl token and redeem to close. composes with the rest of the solana stack the same way the assets you listed do.

[PerpTokens @perptokens]

a perp position walks into a wallet.

it can't. it's stuck in a margin account.

that's the whole joke. that's also the entire company.

[PerpTokens @perptokens]

no keeper bot holding special keys.
no admin multisig waking up grumpy to save you.

rebalancing is permissionless. anyone can pull the lever. usually it's an arb who wants your pennies. fine by us.

[PerpTokens @perptokens]

@EsamTrading liq maps double as a shopping list. clusters that thick below just tell anyone with size exactly where to aim.

[PerpTokens @perptokens]

@quant_degen the redeem part is the whole tell. if you can't settle into the underlying, you're not long $MU, you're long the venue staying up mid-trade. two very different risks people keep collapsing into one.

[PerpTokens @perptokens]

@buildonparasol right call, right entry, liquidated anyway is so perps

[PerpTokens @perptokens]

@Lavaragexyz @quant_degen it's already an SPL token, so it can have a margin market day one with no perp desk to stand up. the composability is the quiet advantage. exposure that moves like any other token on solana.

[PerpTokens @perptokens]

most protocols treat arbs like pests.

ours treats them like the cleaning crew. their mint/redeem flow drags the token back toward fair value.

welcome, please keep arbing, the door's open.

[PerpTokens @perptokens]

@doit4dalore perp tokens coded

[PerpTokens @perptokens]

@psyto the liquidation and adl path is where all the nasty surprises actually live. building it from source is the only way you really see how the cascade fires.

[PerpTokens @perptokens]

@kryptolytix @solana integration cuts both ways. all that composability around the venue, but the perp position itself still sits locked in one account

[PerpTokens @perptokens]

@_ManLikeJaga $4 of margin standing between him and zero on a $37m oil long 😅

[PerpTokens @perptokens]

@AIFinanceWatch 19 liquidations in a month isn't a losing streak, it's a subscription

[PerpTokens @perptokens]

@_magicalmoney "no liquidation risk" usually just means the risk moved somewhere the dashboard doesn't show you. pool drift still eats you, it just does it quietly