Why AshPerp?
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As reported by , major Decentralized Perpetuals DEXs have recorded over $1.5 billion in trading volumes, generating nearly $700k in fees daily. The realm of Derivatives and Perpetual Trading stands out as one of the most growing sectors within the DeFi ecosystem.On MultiversX network, AshPerp stands as the first protocol to introduce this approach. This pioneering position signifies our innovation and leadership in the MultiverX DeFi space, which offers traders the advantage of early adoption.
AshSwap aims to become a comprehensive MultiversX One-stop DeFi Hub, where users can fulfill their DeFi journey with our top-notch set of products, including Stable-swap, Liquidity Mining, DAO, and now Perps DEX.
A value-added ecosystem for ASH tokens and veASH holders
Fully Decentralized Trading
AshPerp operates as a fully decentralized platform, enabling traders to open long and short positions via smart contracts. This means it's YOUR TRADE, YOUR DECISION. We are unable to make any alterations to your active trades without your approval through the smart contract, except for the cases where your position requires liquidation.
Self-custody offers traders autonomy and control over assets, bolstering security and transparency. By minimizing reliance on third-party custodians, traders gain clearer insights into their portfolio while enhancing overall control and security. This approach provides a solid foundation for navigating the complexities of financial markets.
Synthetic Approach to Support Multiple Assets and High Leverage
Leverages on AshPerp are based on USDC collaterals and synthetic by Perpetual Vault, which means we do not require the underlying tokens in multiple-assets liquidity pools. This unique feature makes AshPerp versatile and suitable for MultiversX, especially where on-chain crypto assets are limited.
Traders can access high-leverage trading opportunities across diverse asset classes. This level of leverage allows traders to amplify their potential returns and diversify their asset portfolio effectively.
Safe Vault Operation
The Perpetual Vault will absorb 70% of negative P&L and borrowing fees. The remaining portion is allocated to the insurance fund, serving as a protective layer in the event of significant positive P&L. This approach helps to stabilize the value of apUSDC, preventing a downward trend.
The insurance fund is overseen by admin who can make deposits into and withdrawals from the Vault at any time to maintain a healthy and well-functioned Vault. Withdrawn funds can be utilized in various advantageous strategies, including ASH buy-back, depositing in treasury, and allocating resources for product R&D.
To make a withdrawal from the Vault, users must submit a request, followed by a 7-day cooling-off period and a subsequent 2-day redemption window. Although this schedule is subject to change, users have the option to instantly exchange apUSDC at market rates on AshSwap.
