Overview
Perpetuals (leverage trading) on easy mode.
Last updated
Perpetuals (leverage trading) on easy mode.
Last updated
Perpetual contracts, also referred to as perpetuals, are derivatives contracts commonly used in crypto. Traders can speculate on the future price of an underlying asset without actually owning it. Unlike traditional futures contracts, perpetuals have no fixed expiration date, allowing indefinite holding. Traders need to maintain a margin balance in their accounts, serving as collateral for their positions, without the obligation for physical settlement at a future fixed date.
These are generally considered complicated instruments - Bloom makes them easy to understand and powerful to utilize.
On Bloom, traders can place "bets" (positions) and either bet "up" (go long) or bet "down" (go short). To open a bet, traders will need to use USDB as collateral, Blast's native yield bearing stablecoin. We offer gas-sponsored, 1-click transactions, which allow traders to open and close bets with a single signature.
Additionally, through native yield on Bloom, traders are able to obtain rebates on their losses via a portion of the rebase on the LP capital that they borrow. This leveraged capital, in turn, generates yields allocated to the trader's position, optimizing liquidation prices.
