The Parthenon at dawn on the Acropolis rock above a cobalt sea, a small red sun low on the horizon.

Odysseus Perps · on Elysium

Long or short the coins nobody lists.

Perps for Elysium’s launchpad coins. Any coin that clears a public bar gets long and short markets for free, settled in WHYPE against a public vault.

Enter the desk Docs Whitepaper

Odysseus at full gallop on a white horse below the Parthenon, a silver crested helmet, an enormous white cape with a meander border streaming behind him.

I · The rider

Ride the coins while they move.

Pad coins move hardest when nobody offers them a market. Here they get one once they clear the bar, up to 5x.

Inside the Parthenon’s colonnade, shafts of golden light falling between colossal marble columns.

II · The temple

Every rule is cut in marble before the first trade.

Prices, limits and fees live in the contracts, where anyone can read them. Only a timelock can change them, and it waits longer than a liquidity provider needs to leave.

A warrior in a black horned mask and a gold-embroidered cloak embraces a veiled woman in a white lace mask before a red mosaic wall.

III · The masks

A coin without a market is a face behind a mask.

Elysium’s launchpads mint new coins every day. You can buy one or sell it, and that is all: no short, no hedge, no leverage.

A warrior in a blue steel Corinthian helmet faces a veiled woman who closes her eyes and breathes in a red rose.

IV · The rose

Long, or short.

Pick a side, a margin in WHYPE and up to 5x. Before you sign, the ticket shows your entry, your liquidation price and every limit the trade must pass.

Warriors in red capes roll a colossal wooden horse through the opening gates of Troy at dusk.

V · The gate

A market costs $39M elsewhere. Here, nothing.

On Hyperliquid a perp market sits behind a 500,000 HYPE stake. Here a coin that clears the bar is listed for $0, and its pad and its creator share the fees.

Medusa on a sea cliff, her serpent hair, turning a great breaking wave to white marble with a ship caught in it.

VI · The gaze

A price pushed for a moment turns to stone.

The mark follows the coin’s pool at most 0.01% a second, and only the keeper moves it. You enter and exit at the worst of the mark, the pool and its last 10 to 20 minutes, so a swap and a swap back buys nothing.

Odysseus bound to the mast of his ship, his red cape whipping, between two white rocks crowned with winged siren statues.

VII · The mast

The limits are tied on before the trade.

Each side stops at 25% of pool depth and 10% of the vault, the vault’s net exposure at 5% of depth, and every market together at 25% of the vault. A winner’s equity grows to at most 5x its margin.

Poseidon rising colossal from the cobalt sea with a golden trident, a fleet of triremes riding the wave across his shoulders.

VIII · The sea

The vault is the other side of every trade.

Liquidity providers deposit WHYPE. The vault takes trader losses, half of every fee and the liquidation fees, and pays the winners. Shares stay locked for 24 hours after a deposit.

The labyrinth of Crete from above, pale marble walls in a meander pattern, a red thread running to its centre.

IX · The thread

One toll in. One toll out.

0.30% to open, 0.30% to close and 0.005% of size an hour while a position is open. Half goes to the vault, 20% to the coin’s creator, 10% to its pad and 20% to the treasury.

A warrior in a Corinthian helmet and a red cape draws a great bow, the arrow passing through a row of twelve bronze axes.

X · The bow

Clear the bar. String the bow.

A coin gets its markets by clearing every line: $60,000 of pool depth, a $300,000 market cap, $100,000 of daily volume, 300 holders, 72 hours of age, the top ten wallets under 35% and liquidity locked or burned.

Deeper pools unlock more: 2x from $60k of depth, 3x from $150k, 5x from $500k.

Pegasus, a white winged horse with golden hooves, flying above a sea of white clouds in an ultramarine sky.

XI · The wings

Pads and creators fly with it.

A launchpad earns 10% of the fees on every coin from its pad, and a coin’s creator 20%, paid in WHYPE for as long as it trades. Nothing to integrate: the desk reads the pool that is already there.

The Elysian fields at golden hour: two couples in a meadow of asphodel on a cliff, a white temple and the sea beyond.

Elysium

The Odyssey

Testnet first. Not audited yet, so no real money until it is.

Enter the desk Docs Whitepaper

Dubhe, the seventh star

Keep the Bear on your left.

Calypso gave Odysseus one instruction for the open sea. Ours: markets open with the testnet first, and nothing here takes real money before the contracts are audited and live.

Crew list

The crew list opens with the markets. Until then this page asks you for nothing.

Email only. We never ask for a wallet, a signature or a seed phrase here.