Perps that
can't go insolvent.
Trade BTC, ETH, SOL, HYPE, ZEC, NEAR, JUP and PUMP with up to 50x leverage. FluxDEX runs on the percolator risk engine: profits are only ever paid from capital that actually exists. No socialized losses after the fact. No bank run.
The majors. Live.
Every market marks to live prices, refreshed every 10 seconds. Leverage caps are set per market.
Solvency isn't a promise. It's the math.
FluxDEX runs a port of percolator, the risk engine from toly's open-source work. Three invariants keep the exchange whole.
Capital is senior.
Your collateral always comes back first. Profit is paid at a haircut H, so nobody can ever withdraw more value than sits on the balance sheet.
H = min(Residual, ΣPnL⁺) / ΣPnL⁺No queues. No ADL lottery.
Funding, marks and deleveraging settle through lazy per-side indices: every account updates in O(1), with nobody skipping the line.
K += A·ΔP · F ±= A·fundingNo single-tick blowups.
Each price update can only move the mark so far per slot. A bad tick or oracle spike can't liquidate the book in one shot.
|ΔP|·1e4 ≤ max_move · Δt · PWatch the vault in real time.
The haircut, the vault, the insurance fund and every dollar of open profit, published live. If exits weren't fully backed, you'd see it here first.
Want another market? List it.
Paste any Solana token mint with real liquidity. FluxDEX prices it live and opens a perp market, with leverage capped by how deep the pool is.