Blog
Guides to market mechanics, on-chain trading, and the ideas behind Lynx.
Crypto liquidation explained: what happens and who gets the money
What liquidation means in crypto perpetuals, step by step: margin, liquidation price, what happens to your funds, who receives them, and how to reduce the risk.
What is a crypto price prediction game?
What crypto price prediction games are, how PvP up-or-down rounds work on-chain, and how winnings settle from live market prices.
Leverage, margin, and position size in crypto perpetuals
How leverage, margin, notional value, and position size relate in perpetual futures, with worked examples for sizing a trade with a liquidation buffer.
What is a perp DEX? Decentralized perpetual exchanges explained
What a perp DEX is, how decentralized perpetual exchanges execute and settle trades, and how they differ from centralized futures venues.
Why funding rates go negative (and what it tells you)
Why perpetual futures funding rates turn negative, what the mechanics reveal about market positioning, and how to read a negative rate before trading.
On-chain perpetual futures, explained
How perpetual futures work without an expiry date, what funding and liquidation do, and what changes when execution moves on-chain.