PEX - People's exchange

on-chain Perp DEX on Algorand chain.
ALGO + other assets as collateral, yield generation on liquidity, EVM wallet supported.
Powered by @ULTRADE_org technology.

[PEX - People's exchange @pplsDEX]

MainNet is live!
People's Exchange is open.

Trade ALGO and BTC perpetuals 100% on-chain.
Use ALGO or USDC as collateral, or provide ALGO/USDC liquidity to either market.

Built for Algorand - Powered by @ULTRADE_org tech.

Trade now: https://t.co/SzNNO5Pz9E

[PEX - People's exchange @pplsDEX]

PEX just got an upgrade:
🔑 Rekeyed account support
🔍 More detail on your open positions
📱 Redesigned mobile UI for easier trading

Get busy trading Perps on Algorand → https://t.co/uNnOCAbSSl

[PEX - People's exchange @pplsDEX]

@vithushaji let us know if you encounter any issues

[PEX - People's exchange @pplsDEX]

@vithushaji GOOD NEWS!
Rekeyed accounts are now enabled.

[PEX - People's exchange @pplsDEX]

NICE!!!

[Xxiled.compx @Xxiled1]

Here's what I'm planning on @Mallow_SoftDefi at launch and beyond.

Launch
- Super simple perps interface with @pplsDEX
- NFT stickers for completing actions
- Points for P&L, leaderboard with the top traders

Post Launch
- Affiliate links and rewards
- Seasonal sticker NFTs
- Other markets
- Possibly allowing leverage. Maybe if you ask enough.

I'm excited, it's fresh, new and fun!

[PEX - People's exchange @pplsDEX]

LFG!
Builders build. Simple.
Anyone can launch Perp trading on Algorand using builder codes via PEX. Just gotta make a good UX for users, like 👇

[Xxiled.compx @Xxiled1]

Getting there

[PEX - People's exchange @pplsDEX]

@vithushaji And thanks for the support! Would love to have you on-board as an LP!

[PEX - People's exchange @pplsDEX]

@vithushaji We'll also look into potentially enabling rekeyed accounts. A lot of security considerations to look at in the contracts.

[PEX - People's exchange @pplsDEX]

@vithushaji That explains it. Currently rekeyed accounts are not supported.

[PEX - People's exchange @pplsDEX]

@vithushaji That's odd. Is this a rekeyed account? (just to rule it out as the issue)

[PEX - People's exchange @pplsDEX]

@mercurystriker Fixin fixin fixin stuff. Meanwhile... 👇

[PEX - People's exchange @pplsDEX]

Bearish on algorand:native?
PEX’s ALGO perp is nearly 24:1 long-heavy. Shorts currently show ~445% net APR from funding/borrowing.
Explore the market → https://t.co/Z6ZFkWRFXM
👇Detailed analysis in first reply.

Rates change as positions shift. Price and liquidation risk apply.

[PEX - People's exchange @pplsDEX]

@mercurystriker In the trading UI go to ALGO/USD market and look at the top of the screen. If you were using mobile though, that piece of info is not easily found in mobile. That's on us and we're fixing it shortly.

[PEX - People's exchange @pplsDEX]

@mercurystriker btw you are welcome to join our TG group to discuss or get support - https://t.co/YXEyGhNYkI

[PEX - People's exchange @pplsDEX]

@mochanerd The liquidity pools are always the counterparties to the traders, so the pool essentially takes both long and short sides depending on the users trading activity.

[PEX - People's exchange @pplsDEX]

@DGoldNYC

[PEX - People's exchange @pplsDEX]

🚨🚨🚨APR ALERT -> 735%🚨🚨🚨
The bears are silent!
Longs just went from 24:1 -> 39:1 (long:short) on PEX algorand:native market, spiking Short net rate APR to a whopping 735%!
Very strong long sentiment, attractive opportunity for bears to balance the skew and pocket funding payments.

[PEX - People's exchange @pplsDEX]

Bearish on algorand:native?
PEX’s ALGO perp is nearly 24:1 long-heavy. Shorts currently show ~445% net APR from funding/borrowing.
Explore the market → https://t.co/Z6ZFkWRFXM
👇Detailed analysis in first reply.

Rates change as positions shift. Price and liquidation risk apply.

[PEX - People's exchange @pplsDEX]

@ULTRADE_org Indeed

[PEX - People's exchange @pplsDEX]

@AlgorandReport

[PEX - People's exchange @pplsDEX]

@ULTRADE_org