Power Launch

Why Traditional Perps Fail Volatile Assets

Traditional perps were never designed for long-tail tokens. They rely on margin engines and liquidation thresholds - systems built for blue chips with deep liquidity and tight spreads. On extremely volatile assets, this breaks:

• Single-block price wicks trigger mass liquidations
• Oracle latency creates unfair liquidation events
• Traders get wiped on assets that recover minutes later
• Cascading liquidations push price further, triggering more liquidations

TIP

Perps.club is the first platform to offer leverage on the most volatile digital assets without liquidation.

What's in this section

• Perps Engine v1 - The pool architecture, AMM model, pricing, funding, and fees
• The Power Curve (x²) - How non-linear payoffs create asymmetric returns
• No Liquidation - The Mechanism - Why positions survive any crash