Terms

What this is

ElyPerps is open software: smart contracts on Elysium and a website that reads them and prepares transactions. It is not a broker, an exchange operator or an adviser. Nothing on this site is investment, legal or tax advice.

You sign every transaction with your own wallet. We never hold your funds or keys.

Risk

Perpetual positions with leverage can lose all their margin quickly. Marks come from the coins' spot pools (Uniswap v4 launch pools on Ascend, or the coin's own pool) and can move sharply when pools are thin; caps limit, but do not remove, that risk. A queued open may never fill. Insurance can run out, in which case profitable positions on the other side can be deleveraged.

The contracts are unaudited. Parameters change only through a 48-hour timelock. Chains can stop producing blocks; while they do, nothing can be opened, closed or liquidated.

$ELYP

$ELYP staked in the insurance vault earns a share of fees and can be slashed to cover bad debt. It is not a share in any company and carries no claim beyond what the contracts do.

Names and marks

Uniswap, Hyperliquid, Kinetiq, KyberSwap, 0x and Telegram are named because ElyPerps uses or routes through them. ElyPerps is not affiliated with or endorsed by any of them.

Your use

You are responsible for complying with the laws that apply to you, including any restriction on derivatives where you live. Do not use the site from a place where that is prohibited.

The software is provided as is, without warranty. To the extent the law allows, the people who write and run it are not liable for losses arising from its use.