How it works

People → Epochs → Market → Safety → Governance

• Miners deposit USDC into market‑specific vaults; their liquidity powers trading.

• Weekly Epochs: Rewards are calculated on a weekly cycle (Friday 00:00 UTC → Thursday 23:59 UTC). Lock by Thursday 23:00 UTC to give the indexer time to detect your position.

• Traders trade perps (up to 500x) in a permissionless way; pay a fixed trading fee.

• Safety: multi‑oracle prices with validator cross‑checks; liquidations and an insurance pool.

• Governance: veALPHA directs emissions and tunes fees/parameters.

See visuals in Diagrams.