## Welcome to Perpetra
***
### TL;DR
**What:** Decentralized perpetual futures trading platform on Hedera
**Problem:** Current perp DEXs suffer from high fees, slow speeds, and poor UX
**Solution:** Leverage Hedera's speed & low costs + innovative liquidity model
**For Traders:**
* Up to 50x leverage
* Sub-second execution
* Fees \~95% lower than Ethereum L1
**For LPs:**
* Earn from trading fees + $PPA rewards
* Counterparty to traders' PnL
* Diversified exposure to crypto assets
***
### Why Perpetra Matters
The perpetual futures market in crypto exceeds **$50B+ in daily volume**, yet decentralized alternatives capture less than 5% of this market. Traders are forced to choose between:
β **CEXs:** Fast but centralized, custodial risk, regulatory uncertainty\
β **Current Perp DEXs:** Decentralized but slow, expensive, poor UX
β **Perpetra:** The best of both worldsβCEX-like performance with DEX-level decentralization
***
### Quick Stats
| Metric | Value |
| --------------------- | -------------------------- |
| **Network** | Hedera Hashgraph |
| **Transaction Speed** | <3 seconds finality |
| **Gas Costs** | \~$0.0001 per trade |
| **Max Leverage** | 50x |
| **Supported Assets** | \[HBAR, USDC, SAUCE, etc.] |
| **Oracle** | ChainLink |
***
### Who Is Perpetra For?
π― **Retail Traders:** Access institutional-grade leverage trading without CEX risks
π **Professional Traders:** Execute complex strategies with minimal slippage and fees
π° **Liquidity Providers:** Earn sustainable yields by providing trading liquidity
π **Hedera Ecosystem:** Native DeFi primitive bringing real utility to HBAR
***
### ποΈ How It Works
#### Unified Liquidity Pool Model
Unlike orderbook-based exchanges, Perpetra uses a **pooled liquidity model** where all trades are executed against a single multi-asset liquidity pool.
**How It Works:**
1. **Liquidity Providers** deposit assets (e.g., HBAR, USDC, SAUCE,) into the **Perpetra Liquidity Pool (PLP)**
2. **Traders** open leveraged positions against this pool
3. **The pool acts as the counterparty** to all trades
4. **LPs earn** trading fees, borrowing fees, and liquidation fees
5. **LPs assume** the risk of traders' profits (and benefit from traders' losses)
**Key Advantages:**
β **Zero Slippage** - Trades execute at oracle price up to pool capacity\
β **Deep Liquidity** - No fragmented orderbooks\
β **Instant Execution** - No waiting for counterparty matching\
β **Sustainable Yields** - LPs earn from all trading activity\
β **Capital Efficiency** - Single pool serves all trading pairs
***
### Get Started
* π± **Website:**[ perpetra.vercel.app](https://perpetra.vercel.app)
* π **Documentation:** [perpetra.vercel.app/docs](https://perpetra.vercel.app/docs)
* π¬ **Community:** [Twitter](https://x.com/perpetradex)
---
# Agent Instructions: Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.
Perform an HTTP GET request on the current page URL with the `ask` query parameter:
```
GET https://perpetra.vercel.app/docs/overview.md?ask=
```
The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.
Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.