Native omni-chain collateral
Deploy supported assets as margin from their home chains instead of funnelling everything into a separate wrapped-asset perps environment.
Perps NEX
Native multi-chain collateral, unified margin that earns yield, dark-pool execution, and open liquidations for perps.
Use native assets from nine chains as margin, run spot and perps from one capital base via auto-borrow, and access dark-pool execution with open liquidations and Precision ADL.
Structural Advantages
Native collateral, protected execution, capital efficiency, and better stress handling.
Protected execution
Dark-pool workflows integrated with the lit book reduce signaling and strategy leakage for participants trading meaningful size.
Capital efficiency
Portfolio margining, spot and perps capital sharing, and active collateral earning yield create a prime-brokerage workflow on-chain.
Better stress handling
Open competitive liquidations replace black-box mechanisms, while Precision ADL socializes residual losses directly to equity on a weighted basis without closing positions.
Trading Workflows
Run perps, spot, and hedging workflows from one venue.
Quote spot from the same capital that backs perps
Spot and perps share one capital base, so a liquidity provider can quote spot through auto-borrow while running perps and keeping collateral productive.
Hedge from one portfolio instead of fragmented collateral pockets
Portfolio margining reduces the need to split capital across venues, chains, and instruments just to express or hedge one book.
Trade through the UI or integrate programmatically
Advanced order controls, APIs, SDKs, and market-making tooling support both discretionary trading and systematic execution.
Failure-Mode Quality
Open liquidations and Precision ADL for volatile markets.
These mechanics matter most when markets are volatile and hedge continuity matters more than normal-day UX.
Open liquidations treat liquidation flow as a transparent competitive process instead of privileged execution.
Precision ADL socializes residual losses directly to equity on a weighted basis without closing positions.
These mechanics matter most to market makers, hedgers, and funds that need to stay active through volatility.
Participants
Built for desks that care about execution quality and capital efficiency.
Testnet
Evaluate native collateral, protected execution, and stress handling before mainnet.
Join the waitlist to test Perps NEX capital workflows, APIs, and failure-mode quality on live orderbooks.