A perp DEX asks for direction, leverage, and size. PerpTokens asks what you think the market will do, then hands you the token that expresses it.
Directional conviction, long or short. Targets constant leverage, so exposure compounds into a move that keeps going. Built for clean trends. A range works against it.
Range-bound markets, with long or short bias. Targets notional against backing collateral, so it sells into rallies and buys into dips, all under a hard leverage cap. Strong trends work against it.
Relative value in one token: long one market, short another (long SOL / short ETH). Up to six Phoenix markets, isolated margin per leg so a liquidation on one leg stays contained. Built for spread theses, not direction.
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