On-chain · Gap-aware · Non-custodial

Trade What Stops
at 4 PM.
Stay Open 24/7.

The first perpetuals exchange built for markets that close — equities, FX, commodities, and macro indices — with a risk engine that knows the difference.

4 Asset Classes
Equities · FX · Commodities · Macro
0 Loss Socialization
Shield fund absorbs gaps, not LPs
24/7
Trading · even when markets are closed
100% Non-custodial
Funds in audited smart contracts
The Problem

Markets close.
Risk doesn't.

Traditional assets run 9-to-5. Crypto runs 24/7. Every protocol that papers over this gap has eventually paid for it — and so have its users.

Weekend gaps break liquidation math
A position safe at Friday close can be insolvent by Monday open — with no oracle to catch it in between.
Stale oracles create phantom prices
When underlying markets close, most protocols freeze the mark price — ignoring hours of real-world price discovery happening elsewhere.
RWA perps cannot scale without gap-risk handling
Early adopters tolerate the risk. Institutions won't. Real scale requires a structural solution — not a prayer that the weekend is quiet.
Markets

Everything you track. Now 24/7.

Four asset classes. One protocol. All with gap-aware risk infrastructure.

📈
Equities
S&P 500 · Nasdaq · Single names · Sector ETFs
Live at launch
💱
FX Pairs
EUR/USD · GBP/USD · USD/JPY · EM pairs
Live at launch
🛢️
Commodities
Oil · Gold · Silver · Natural Gas · Agriculture
Live at launch
🌐
Macro Indices
VIX · MOVE · Credit spreads · Rate derivatives
Post-launch
How It Works

Three systems. One guarantee.

Built from first principles around the one problem every other protocol ignores.

01
🔮

Gap-Aware Pricing

Mark prices adapt dynamically when underlying markets are closed — using correlated crypto signals, futures term structures, and historical gap distributions to stay fair around the clock.

02
🛡️

Conservative Risk Limits

Leverage caps tighten automatically before every market close. Circuit breakers fire before insolvency — giving the protocol time to rebalance instead of forcing socialised losses.

03
⚖️

Shield Fund

An insurance buffer calibrated directly to open interest and realised volatility — not a fixed pool. It grows and shrinks with protocol exposure, so it's always sized for the actual risk on the table.

Risk Engine

Built to survive discontinuities.

Every parameter is gap-aware. These aren't suggestions — they're hard constraints enforced on-chain.

Leverage Policy
📉
Conservative by default — tightens automatically pre-close
Shield Fund
🔒
Dynamically sized to live open interest
Halt Triggers
Pre-insolvency stops — not post-event cleanup
Loss Socialization
🚫
None — catastrophe mode only, shield fund first
Read the Risk Proof Pack
Why Perpify

Designed for the hard case.

Every other protocol assumes away the problem. Perpify is the first to solve it structurally.

Traditional Perps
RWA Perps Today
Gap-aware mark pricing
✕ Not needed
~ Stale oracle
Pre-close leverage reduction
Shield fund sized to open interest
~ Fixed pool
Zero loss socialization
~ Rare
✕ Happens on gaps
Pre-insolvency halt triggers
RWA asset support
Questions

Everything you need to know.

What can I trade on Perpify?
+
Perpify supports perpetuals on equity indices and single names, major FX pairs, commodities (energy, metals, agriculture), and macro indices. Asset coverage expands post-launch through governance — submit proposals via the community forum.
How do you price assets when markets are closed?
+
Our gap-aware oracle combines correlated crypto signals, futures term structures, and historical gap distributions to maintain fair mark prices during closure. Spreads widen and leverage caps tighten automatically — traders can always exit, but new risk is throttled until markets reopen.
What stops cascading liquidations on reopen?
+
Pre-open risk checks reduce aggregate open interest when gap models predict high volatility. Staggered liquidation queues prevent single-block cascades, and the Shield Fund absorbs residual exposure — without socializing losses to passive LPs.
Is Perpify custodial?
+
No. Perpify is fully non-custodial. All collateral lives in audited, immutable smart contracts. You connect your own wallet — we never touch your funds.
When is testnet?
+
Testnet is targeted for Q3 2025. Waitlist members get priority access — often weeks ahead of public launch. Join above and follow the docs for real-time updates on the timeline and early access program.
Early Access · Limited Testnet Slots

If you can trade it at 9:30am,
you should trade it at 2:00am.

Join the waitlist for priority access to the first on-chain perpetuals exchange that actually solves gap risk. Testnet slots are limited.

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