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Now anyone can launch a perp market for a newly launched token, Risk managed by @toly’s Percolator math Settled on NEAR 🌗
Built at NEAR HACKATHON @NEARProtocol #NEARHackathon
Neap.trade retweeted
shipped @neapdex , a perp engine on @NEARProtocol
- pool to peer markets
- integer only risk engine
- keeper + indexer
its a perps exchange where any token with a dex pool can get a perps market, settled in USDC in one NEAR contract.
Its live on testnet today
What we read in NEAR this week: $37B through Intents, PEARL listed on near(.)com in days, 270 hackathon builds, agents everywhere.
What we are adding: perps for new tokens, the moment they launch.
@NEARProtocol @NEARWEEK
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gm. A question for new-token traders:
What stopped you shorting the last token that rugged?
We read every reply.
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The first hour of a token's life has the most volume and the least protection.
A perp with 2x default leverage and a visible liquidation price is how you trade that hour with a plan.
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What we are building, on one screen.
Design preview. Demo on 14 Nov.
@NEARProtocol
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We are building a perp DEX on NEAR, in public.
If you run a launchpad, a wallet or a trading bot and want perps live the moment your tokens launch, our DMs are open.
@NEARWEEK
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Funding on a brand-new token will be volatile.
Neap's plan: cap it, publish it every hour, and show the next rate before it settles. No surprises on your position.
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A liquidation price you cannot see is one you will hit.
On Neap it sits next to your entry. Always.
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Three days left at the NEAR Hackathon.
If you are building a launchpad, a bot or an agent that needs a perp on a new token, talk to us. We would rather integrate than compete.
@NEARProtocol #NEARHackathon
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NEAR Intents lets Neap take margin from MetaMask and Phantom users without a NEAR account.
Sign on your chain. Trade on ours.
Wallet connect is in the build now.
@near_intents
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NEAR has spot (Rhea, near(.)com), payments (NEAR Business), private AI (NEAR AI) and cross-chain rails (Intents).
What it does not have yet is a NEAR-native perp DEX.
We are building it.
@NEARProtocol @rhea_finance
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Maximum leverage on a token that is one hour old should be what?
2x, 5x, 10x or none at all. Reply with your number and why.
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Every Neap market will show three numbers before you trade it:
Its age.
Its source pool.
Its open interest.
New tokens are risky. The risk should be visible.
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What happens when a new-token perp goes bust?
Most DEXs push the loss onto winners through ADL.
Neap's plan: auction bust positions to bonded solvers, with a vault as backstop. No ADL.
Full write-up soon.
@near_intents
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Smooth spot gets people in. Smooth perps keep traders.
We are building the second part on the same rails.
@NEARProtocol
nitter.gq/ilblackdragon/status/2…
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To everyone awake at 2am trading a token that is 40 minutes old:
We see you. We are building your perp.
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GMX volume was up 160% week on week.
Perp traders move fast when a venue gives them a reason. New markets are the strongest reason there is.
@DefiLlama
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