How it works

People → Market → Safety → Governance

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

• 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.