Genie DEX

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Pool Manager Role ​

Once you claim 100% of vested LP tokens, you unlock "Pool Manager Role" (Only if you've enabled GenieDEX Perps)

Parameter Controls ​

  • Half-time Adjustment: Change funding frequency (1 hour to 30 days)
  • Adjust Rate: Control price tracking speed (0.001% to 50%)

How Half-time Affects Pool ​

  • Funding Frequency: Determines how often long/short positions are rebalanced (every 7 days by default)
  • Position Stability: Shorter half-times create more frequent but smaller funding adjustments
  • Market Responsiveness: Faster rebalancing helps maintain pool equilibrium during volatile periods
  • Trading Costs: More frequent funding may increase effective trading costs for position holders
  • Pool Health: Optimal frequency prevents excessive long/short imbalances from building up

Example: Default 6-hour half-time means funding is applied 4 times per day, providing balanced rebalancing without excessive frequency

How Adjust Rate Affects Pool ​

  • Price Tracking Speed: Controls how quickly pool price reference follows oracle price changes (5% default)
  • Stability vs Responsiveness: Higher rates make pool more reactive to price movements, lower rates provide smoother operation
  • Funding Rate Impact: Faster adjustment reduces funding rate volatility but may create tracking lag
  • Market Efficiency: Optimal adjustment keeps pool prices aligned with market without overreacting to noise
  • Trader Experience: Balanced setting prevents sudden price reference jumps that could surprise position holders

Example: 5% adjust rate means if oracle price moves $1, the pool reference price adjusts by $0.5 gradually every hour.

How It Affects Funding Rate ​

  • Rate Calculation Frequency: Half-time determines when funding calculations occur and get applied to positions
  • Rate Magnitude: Adjust rate influences how much price deviation triggers funding rate changes
  • Market Balance: Combined settings help maintain equilibrium between long and short position demand
  • Cost Predictability: Consistent parameters create predictable funding patterns for traders to plan around
  • Pool Profitability: Optimal settings encourage active trading while maintaining fair funding for all participants

Protocol uses a novel payoff curve rebalancing system rather than traditional perpetual funding rates, making it fundamentally different from conventional perp exchanges.

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