XPL PERP on Swapmos, leverage to 10x

Plasma is a chain designed around stablecoin payments, with XPL used for gas, staking and incentives. Because the pitch is settlement volume rather than speculation, traders watch transfer activity and integrations, though unlock tranches expanding the float can dominate price for weeks. Margin is in USDC, the contract has no expiry, and funding passes between longs and shorts.

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Contract specification

Asset class
Crypto
Max leverage
10x
Minimum order
10 USDC
Price tick
0.00001
Size tick
1
Funding interval
every 4 hours

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Leverage works in both directions. At 100x, a 1% move against a position takes out all of the margin behind it.