Read before using
Memecoin perpetuals are exceptionally high risk.
Isolation limits contagion; it does not make a volatile or manipulated token safe.
Total collateral loss
If enabled after audit, leverage could liquidate a position quickly. A 2× cap would reduce, but not remove, this risk.
Market pause or closure
The planned controls pause new positions and support controlled settlement when pricing is unsafe.
Vault loss
Future LPs would be counterparties to traders and could lose value. Insurance would be finite, not a guarantee.
Proposed guardrails
These are design limits for the disabled perpetual system, not promises of safety.
| Control | Purpose | Initial value |
|---|---|---|
| Maximum leverage | Limit directional exposure | 2× |
| Maximum utilization | Keep settlement liquidity available | 60% |
| Maintenance margin | Trigger liquidation before collateral is exhausted | 30% |
| Oracle deviation | Reject disagreeing price sources | 8% |
| Withdrawal cooldown | Protect active positions | 24 hours |
No audit, no real-money perpetuals.The custom programs are not enabled on mainnet. Do not interpret a token page, eligibility progress or interface preview as an offer of live leveraged trading.