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Perps Fi

Get exposure to mainstream NFT prices by trading NFT perpetuals with leverage on Perps Fi.

Perps Fi

Created At

HackMoney 2022

Project Description

Perps Fi is a leveraged NFT perpetuals exchange which allows users to get exposure to mainstream NFT projects. Use up to x50 leverage to get exposure to NFTs without actually owning the NFTs themselves. In the short term, using NFTs themselves as collateral will be supported as well.

How it's Made

The core contracts are inspired from the CAP and Pika perpetuals protocols while the front-end is a React app. We used Solidity for the core contracts and Node for any backend services such as oracle relayer or liquidation bot. In a similar way to CAP and Pika, there are no funding payments, with the protocol having a built-in pricing mechanism.

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