Frequently asked questions
Whats is FreelyPerps.com?
FreelyPerps.com is a platform providing access to a decentralized exchange (DEX) for trading perpetual futures. It uses advanced financial engineering to offer a unique trading experience on the blockchain.
What makes FreelyPerps.com unique in DeFi trading?
Its innovative approach to perpetual futures trading on-chain sets it apart, offering enhanced trading conditions that are considered some of the best in decentralized finance (DeFi).
On which blockchain technology is the DEX built?
FreelyPerps.com is built on the Polygon zkEVM platform, utilizing the on-chain D8X protocol smart contracts for its operations.
What is a Perpetual Future?
A Perpetual Future is a derivative product similar to a futures but without expiry date. Market participants trade futures contracts to profit from price movements or to hedge against losses. Traders can have a leveraged long or short position and sell their contract at any point in time. The profit & loss of a future is determined by the price differential at the time when the future is sold compared to when the future is bought.
How can i learn more about Perpetual Future?
More details on Perpetual Future: Docs
How can i learn more about D8X protocol?
More details on D8X protocol: Docs
What types of fees are charged?
D8X protocol charges three types of fees: trading fees, order execution fees, and liquidation fees.
What are the fees on FreelyPerps.com?
The exchange and partner fees, which help maintain operations, are charged on each transaction when traders buy or sell perpetual future contracts. The maximum trading fee is 0.06%
What are order execution fees and how much are they?
Order execution fees are charged for executing orders via a third party when Automated Market Maker (AMM) prices meet the order conditions. These fees range from 1 to 10 cents (USD) per trade, depending on the perpetual, and are charged in the collateral currency.
Can you explain the liquidation fees on FreelyPerps.com?
Liquidation fees are applied when a position needs to be liquidated, amounting to 2% of the position size being liquidated. These fees are deducted from the trader's margin.
How are liquidation fees distributed?
In cases where positions are liquidated by third parties (termed "liquidators"), 50% of the total liquidation fee goes to the liquidator as compensation for their service, while the remaining 50% is allocated to the exchange.