Perpetuals Platform Pro

The Perpetuals Platform Pro is an on-chain AMM-based futures platform that allows you to trade commodities and forex, utilizing chainlink price oracles and IPFS for storage.

Inspired by the Perpetual Protocol, we also use a peer-to-pool system design. There are 5 main components of the protocol:

1. Vault: When a trader opens a position on the platform, the collateral is locked in the Vault. When a trader closes a position, the PnL will be unlocked from the Vault.
2. Clearing Configurator: The Clearing Configurator provides high-level information (directional (long or short), margin, etc) to the vAMM for price discovery.
3. vAMM: The vAMM is based on the constant product formula (x*y=k) and mints or burns virtual tokens in the x and y pools which will reflect a change in the price.
4. Funding Rate: A funding rate is required to converge the Last Price to the Chainlink oracle price.
5. Liquidations: Third-party keeper bots will liquidate positions once the position value drops below the margin ratio.

Inspired by the Perpetual Protocol, we also use a peer-to-pool system design. There are 5 main components of the protocol:

1. Vault: When a trader opens a position on the platform, the collateral is locked in the Vault. When a trader closes a position, the PnL will be unlocked from the Vault.

2. Clearing Configurator: The Clearing Configurator provides high-level information (directional (long or short), margin, etc) to the vAMM for price discovery.

3. vAMM: The vAMM is based on the constant product formula (x*y=k) and mints or burns virtual tokens in the x and y pools which will reflect a change in the price.

4. Funding Rate: A funding rate is required to converge the Last Price to the Chainlink oracle price.

5. Liquidations: Third-party keeper bots will liquidate positions once the position value drops below the margin ratio.