Long / Short positions

Position Mechanics

• PnL settles in the same underlying asset - profits and losses are realized in the token you deposited, not in stablecoins or ETH.

🔄 How It Works

Opening Positions

• Open Perps positions using underlying tokens (e.g., PEPE tokens to trade PEPE perps)
• Choose direction: Long (bullish) or Short (bearish)
• Receive position tokens: Long tokens or Short tokens representing your exposure

Position Tracking

• Real-time PnL: Calculated using power law functions (Power = 2)
• No margin requirements: Positions can't be liquidated
• Continuous exposure: Positions remain active as long as you hold position tokens