FLUXDEX
USDC—
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LIVE PRICES · PERCOLATOR RISK ENGINE · SOLANA

Trade the majors. Up to 50x.

Permissionless perpetual markets — long or short with leverage on any token. Powered by a percolator-style risk engine: structurally solvent by design. Capital is senior, profit is junior — you can never withdraw more than actually exists. No ADL queues, no admin, no insurance black box.

OPEN INTEREST
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TRADERS
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RESIDUAL · BACKS PROFIT
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HAIRCUT H · EXITS
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24h
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Funding /1h
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Open Interest
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—LIVE
LONG SIDEA 1.00 · NormalOI —
SHORT SIDEA 1.00 · NormalOI —
A = side deleverage index (1.00 = no ADL). On liquidation it shrinks instead of picking a victim — losses socialize via K.
Your Positions 0
MarketSideSizeEntryMarkLiq.PnLWithdraw (H)
Solvency Engine percolator · v16.8.3
HAIRCUT RATIO · H
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profits currently backed at 100% — exits fully funded
Vault balance · V—
Senior capital · Ctot—
Insurance · I—
Residual · backs profit—
Open profit claims—
Pending warmup · R—
Residual = V − (Ctot + I)  ·  H = min(Residual, ΣPnL⁺) ÷ ΣPnL⁺
Backed exitsCapital is senior, profit is junior. No account withdraws more value than exists on the balance sheet.
Queue-free ADLLazy A/K/F side indices socialize liquidation & funding pro-rata in O(1) — no victim queue.
Bounded cranksRepricing is capped per slot, so an oracle spike can't blow open interest through unbudgeted loss.
Open Interest
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Vault Balance
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Insurance Fund
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Top Traders realized PnL
How FluxDEX settles. Every market marks to live prices (CoinGecko for the majors, Jupiter for Solana listings). Funding, mark-to-market, liquidations and the haircut H run on the percolator engine in real time. Each wallet trades from its own margin account; profit is always paid at H, so exits never exceed what the vault holds.