Permissionless Perpetuals Market Creation (4 minute read)
Perps.fun launched a platform that lets anyone propose and crowdfund new perpetual futures markets, removing centralized gatekeeping from derivatives trading.
What: Perps.fun is a new alpha platform with a propose-crowdfund-launch model that allows community members to propose perpetual futures markets for any asset, crowdfund the ticker listing costs, and deploy them permissionlessly without approval from centralized exchanges.
Why it matters: Traditional perpetual futures markets are limited to popular assets because centralized exchanges control which markets exist and charge high listing fees, but this democratizes access to derivatives trading for long-tail assets.
Takeaway: Developers or traders interested in perpetual futures for niche assets can visit app.perps.fun to propose or fund new markets.
Decoder
- Perpetual futures (perps): Crypto derivative contracts that allow traders to speculate on asset prices without an expiration date, unlike traditional futures
- Long-tail assets: Less popular or niche cryptocurrencies and tokens that typically lack trading infrastructure on major exchanges
- Permissionless: Anyone can participate without needing approval from a central authority
Original article
Perps.fun launched in alpha with a propose-crowdfund-launch model that allows anyone to propose a new perpetual futures market, crowdfund the ticker listing costs, and deploy it permissionlessly on app.perps[.]fun. The mechanism removes the cost barrier that has historically restricted long-tail asset coverage in perp markets, enabling community-driven market creation without gatekeeping from centralized venues.