Permissionless Listing

Permissionless Margin & Markets

Users can create markets for new assets, such as memecoins, and trade them using the peer-to-pool model. Trades can be settled in a coin-margined mode, isolating profits and losses from the underlying asset’s price movements. There will be two pricing models:

• USD-Margined: Ideal for assets with deep liquidity (e.g., ETH, WBTC).

• Coin-Margined: Designed for low-liquidity or emerging assets, with profits and losses denominated in the asset being traded.