Trade crypto and forex perps with the token you already hold as collateral. No sign-up, you keep custody, and every trade is priced by Pyth the moment it executes.
$5.84B traded so far
Profit and loss is counted in the token you put up, not in dollars. If that token drops 40% while your BTC long is flat, your position is exactly as healthy as it was. Only the market you trade moves you toward liquidation.
How collateral works (opens in new tab)Every position carries a take profit, so its biggest possible win is known the moment it opens. Lynx sets that amount aside in the liquidity pool right then, and refuses any trade the pool can't cover.
Guaranteed payouts (opens in new tab)When most traders are long, a short helps balance the book. Open on the lighter side without flipping it, and if that trade closes at a loss, part of the loss comes back to you.
Skew incentive (opens in new tab)Perpetual futures are complex, and leveraged trading can lose your whole collateral fast. Set a stop loss on every trade.