Layer 1: Base Return (Power Curve)
Position token value is determined by how much the underlying moved, amplified by the power curve.
| EUR/USD Move | EUR³²/USD Long | EUR³²/USD Short |
|---|---|---|
| +1% | +37% | -27% |
| +2% | +88% | -47% |
| +5.63% | +478% | -83% |
| +10% | +2,011% | -95% |
| -1% | -27% | +37% |
| -2% | -47% | +88% |
| -5.63% | -83% | +478% |
| -10% | -95% | +2,011% |
IMPORTANT
A 5.63% move in EUR/USD becomes a +478% return on the winning token. Even a modest 1% move yields +37%. See the full EUR/USD returns table for returns at every 0.1% increment.
Fees
| Action | Fee |
|---|---|
| Open position | 0% |
| Close before expiry | 1% |
| Claim at settlement | 2.5% |
Funding is a separate rebalancing mechanism, not a fee - it flows between longs and shorts based on pool imbalance. See Layer 2: Funding for details.
No Liquidation
Same as Power Launch
You buy a position token - you don't borrow anything. No collateral, no margin, no liquidation price. Your token can lose value but can never be forcibly closed.