Perpetual Friends: RunesTerminal x BitPerp

Perpetuals are the lifeblood of any efficient market. Healthy perpetuals enable price discovery, price efficiency, trader speculation, and — of course — the chance for outsized gains if you get it right. They let traders use leverage to help determine the value of assets effectively and let marginal liquidity be deployed with maximum effectiveness. On-chain perpetuals for crypto are a potent utility that allow for this important market function loop to take place without the need for a centralised market maker.

With Runes launching on Bitcoin, the need for leveraged trading in these markets is of course a priority, even though the technology is in its infancy. Especially because the technology is in its infancy. No centralised market maker is close to allowing Runes spot trading, let alone giving traders the opportunity to use leverage.

It is with delight, then, that we announce our powerful alliance with BitPerp, an on-chain perpetual DEX for trading ordinals, runes and atomicals. BitPerp gives users the opportunity to get leveraged exposure to the latest Rune assets through a decentralised AMM. Their product gives full custody of funds, guaranteed order execution with zero slippages, competitively low fees, and leverage ranging up to 100x, ensuring even the most degenerate apes in the jungle can trade Runes, Ordinals and other BTC-native tokens at high leverage.

BitPerp uses a proprietary oracle system that offers real-time accurate pricing for nearly every asset in the BTC jungle, with the asset list added to daily thanks to their synthetic model which lets them facilitate a wide range of emerging asset classes. Users deposit $USDT collateral in the vault and, from then, can sign in to the DEX with their Ethereum wallet and begin opening positions on the latest and greatest BTC L1 and L2 assets.

As well as standard perpetual contracts, they also offer power perpetuals, unique to BitPerp, which allows traders to increase or decrease the impact of price movements by raising the index price to a power of 2, 3, 5 and even more. Traders can also take quadratic exposure to capitalise on high volatility. BitPerp’s exposure tools are deeply customisable and even the most advanced, high powered trader will find all the on-chain tools they need to make their sophisticated strategies a success.

RunesTerminal is all about building infrastructure for Runes, and BitPerp is in the same game, offering on-chain architecture that allows for Runes to enter into active, vibrant, well-tooled marketplaces that lets all users be involved in and take advantage on the rush of value that’s happening on BTC with the Runes protocol. Having their technical expertise, bright minds, and experience as part of our innovation nexus will help us create a future where everyone has access to Runes and anyone can benefit from their creation, whilst also developing the fastest route to novel utility on Bitcoin. Welcome to the party, pals.