Perpetual Market (Perps)

Phase 3 — In Development

The Perpetual Market is planned for Phase 3 of our roadmap. Features described below represent our design goals and may change during development.

MexaSwap Perpetual will be a decentralized derivatives trading platform that allows users to Long or Short crypto assets with leverage up to 100x.

Why Perps on MegaETH?

We aim to deliver a derivatives trading experience comparable to centralized exchanges, but fully on-chain and non-custodial.

1. Real-Time Execution

On other networks, latency causes high slippage when opening leveraged positions. On MegaETH, order execution happens in milliseconds, ensuring accurate entry and exit prices.

2. Deep Liquidity (MexaLP)

Liquidity will be provided by the MexaLP Pool, a multi-token asset pool (BTC, ETH, USDC, USDT, MEXA).

• For Traders: Deep liquidity for large positions without significant price impact.
• For Liquidity Providers: Deposit assets into MexaLP and earn a share of platform trading fees.

3. Planned Features

• Cross-Margin: Use a single collateral pool for all trading positions
• On-Chain Stop-Loss & Take-Profit: Automated orders executed by a decentralized keeper network
• Oracle Integration: Aggregated price feeds (Chainlink + Pyth) to prevent liquidations from price manipulation

Development timeline and specific parameters will be announced as we progress through Phase 3.