What is AshPerp? Recent News, Fundraising and Token

Key Takeaways

• AshPerp is the first decentralized perpetual trading protocol on the MultiversX blockchain, offering on-chain trading with up to 100x leverage.
• Built by the AshSwap team, it integrates with real-time price feeds from Pyth Network for accurate asset pricing.
• The protocol supports trading of various assets like EGLD, HTM, and SOL, with a focus on seamless, secure DeFi experiences.

What is AshPerp?

AshPerp is MultiversX’s first decentralized perpetual trading protocol, enabling users to trade perpetual contracts on-chain with up to 100x leverage in a secure and seamless manner. Developed by the AshSwap team, it positions itself as part of a one-stop DeFi hub on MultiversX, building on innovations like stable-swap DEX features. According to the official website (ashperp.trade) and Medium articles, AshPerp aims to pioneer perpetual trading within the ecosystem, allowing long and short positions on assets like EGLD, HTM, and SOL.

How Does AshPerp Work?

AshPerp operates as a decentralized platform where users can open perpetual positions by depositing collateral, such as USDC or EGLD, and selecting leverage up to 100x. The protocol uses smart contracts on MultiversX for on-chain execution, with real-time price data provided by Pyth Network oracles to ensure accurate pricing and minimize slippage. Trades are settled automatically, and users can long or short assets without expiration dates, as detailed in the project's Medium posts and official documentation.

Positions are managed through a user-friendly interface, with funding rates applied periodically to balance long and short interests. The system is secured by MultiversX's blockchain, emphasizing low fees and high scalability for perpetual trading.

What Makes AshPerp Unique?

• It is the inaugural perpetual DEX on MultiversX, introducing leveraged trading to an ecosystem previously focused on stable-swaps, as confirmed by official announcements on Medium.
• Integration with Pyth Network provides top-tier oracle coverage with over $2.7B in TVL across 40+ chains, enabling unrivaled real-time pricing on MultiversX, per the partnership post on X.
• High leverage options up to 100x combined with community-driven asset listings, such as HTM and SOL on devnet, set it apart in the DeFi perpetuals space, based on X updates and website details.

AshPerp Native Token

TGE Information

Recent News & Fundraising (optional)

• AshPerp launched its public mainnet with a $10,000 kick-off campaign, as announced in a March 2024 Medium post.
• Partnered with Pyth Network for enhanced price feeds, highlighted in a March 2024 X post.
• Listed new assets like HTM and SOL for perpetual trading on devnet, per November 2023 X updates.