Perped is a trading desk where anyone can open the market.
Perpetuals and cash settled options on Robinhood Chain, on meme coins, tokenised stocks and any token you list yourself.
Meet the desk
Perpetuals
BOOK
Post margin in ETH and go long or short. Meme coins and tokenised stocks trade at up to 5x, listed pairs at 2x. The entry price is read from the live pool, or from a Chainlink feed for a stock, on the server at the moment you click.
A long is closed out when price falls by one over your leverage, a short when it rises by the same. Your margin is the most you can lose, and a sweep checks every open position against its mark every few seconds.
Close whenever you like. The result lands on your desk balance straight away, and the balance is what you withdraw from.
Options
BOOK
Buy a call or a put on the same markets, from one hour to a week out. Premiums come from Black-Scholes with a fixed implied volatility per market class plus a small spread, and are re-priced on the server from a fresh spot before any contract is written.
The premium is the whole risk. A contract can expire worthless and never owes you more. Sell it back to the house any time before expiry at fair value less the spread, or let it settle in cash at expiry.
On a listed pair the pair's own liquidity writes the contract, so a listing can only ever pay out what its creator funded.
A note from the desk
Every venue picks your markets for you.
The coin you actually want is not listed, the stock is on a different app, options are somewhere else again, and the thing you launched this morning is nowhere at all.
So you sit on your hands and wait for somebody to list it.
Perped lets you open the market instead. Paste an address, post the liquidity that backs payouts, and the pair trades as a perpetual and an options market from that block on.
Nothing about a position touches the chain. Deposits and withdrawals do, and both are read back off Robinhood Chain before a balance moves.
We do not hold your keys.
We do not price from a screenshot.
Every payout is computed on the server from a price it fetched itself, and every balance change runs inside a database lock that refuses to go negative.
Markets should not need permission. Perped exists to make that true for the tokens nobody else will list.
If it has a pool, it can trade here.
See you on the desk.
Perpetuals
Options
Ready to open
a market?
