OpenPerps · Night run · Proof 02Press warming up · testnet first

The perp infrastructure for the token-launch economy.

OpenPerps turns a token launch into a path toward a two-sided market: anyone can propose a market, LPs can supply independent backing, and traders can go long or short when activation requirements are met.

Integrate OpenPerps →Read the docs

How a market goes to press

The plates are on the press.

Anyone can propose a market for an eligible token. It exists on chain from the first transaction, but it can't take positions yet. The two plates are visibly out of register.

Trading starts when liquidity, collateral and price requirements are met.

Perps built into every token launch ± One protocol powering many launchpads ± Permissionless markets for the long tail ±  Perps built into every token launch ± One protocol powering many launchpads ± Permissionless markets for the long tail ±  Perps built into every token launch ± One protocol powering many launchpads ± Permissionless markets for the long tail ±  Perps built into every token launch ± One protocol powering many launchpads ± Permissionless markets for the long tail ±  Perps built into every token launch ± One protocol powering many launchpads ± Permissionless markets for the long tail ±  Perps built into every token launch ± One protocol powering many launchpads ± Permissionless markets for the long tail ±  
Open-source perp infrastructure ± Base and Robinhood Chain expansion (planned) ±  Open-source perp infrastructure ± Base and Robinhood Chain expansion (planned) ±  Open-source perp infrastructure ± Base and Robinhood Chain expansion (planned) ±  Open-source perp infrastructure ± Base and Robinhood Chain expansion (planned) ±  Open-source perp infrastructure ± Base and Robinhood Chain expansion (planned) ±  Open-source perp infrastructure ± Base and Robinhood Chain expansion (planned) ±  

For liquidity providers

One market.
One vault.
One loss boundary.

Each market has its own vault. A market can never draw collateral from another market’s vault, and a creator can never withdraw other LPs’ collateral or trader margin.

Returns separate gross fees from net LP performance. LP principal can decline. Fee revenue is never labelled as guaranteed yield.

For launchpads

Add perpetual markets to your launchpad with one integration.

  • An embeddable perps tab for every token page, in your brand.
  • An SDK for market registration and status.
  • Visible market health and attributable fee revenue.
  • Your wallet experience stays yours. Safety states stay visible.

For developers

Build permissionless perp markets with open infrastructure.

  • A documented testnet path: create, fund, activate, trade, withdraw.
  • Versioned contracts, ABIs and SDK examples.
  • Lifecycle events that tolerate duplicates and reorgs.
  • Published code under a reviewed open-source license.
resolving token 0x7a3f…c91e on base-sepolia
✓ canonical market not found, registering
state: registered · blockers: 4
waiting on: spot pricing, history, collateral, ops
✓ seed deposit requested · vault 0x91c…04

Sample output. Commands, event names and API schemas are finalised with the engine selection.

Seven states. One source of truth.

The launchpad embed and the OpenPerps app read the same lifecycle and action permissions. Hiding a button is never the enforcement mechanism.

  1. 01

    Registered

    Market exists; activation checks are incomplete.

  2. 02

    Ready

    Checks pass; activation is pending confirmation.

  3. 03

    Live

    Pricing and risk conditions permit normal operation.

  4. 04

    Close only

    New exposure is restricted; valid pricing permits reduction.

  5. 05

    Paused

    Execution cannot proceed safely, or an incident is active.

  6. 06

    Settling

    A documented terminal settlement is in progress.

  7. 07

    Closed

    Positions are settled and the market is retired.

Deployments

BasePlanned

Target ecosystem. One approved stablecoin as collateral.

Robinhood ChainPlanned

Target ecosystem. Not an integration into Robinhood's brokerage app or an endorsement.

Proof sheet · published as it exists

Integrations live
None yet
OpenLaunch is a prospective design partner.
Funded markets
None yet
Testnet first, then a controlled pilot.
Independent audits
Not published
Engine selection and audits are release gates.
Observed uptime
—
Published from the first live deployment.

Go to press.

Testnet first, then a controlled pilot with a small set of launchpads. Join the integration list.

No token sale. No airdrop. No countdown.