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What is LFG Perp?

LFG Perp is a decentralized perpetual futures exchange built on Oraichain, enabling traders to gain leveraged exposure to cryptocurrency markets without expiration dates.

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Overview

Perpetual futures (perps) are derivative contracts that allow you to speculate on the future price of an asset with leverage, but unlike traditional futures, they never expire. LFG Perp brings this powerful trading instrument to the decentralized world with:
  • Non-custodial trading: You maintain full control of your private keys and funds
  • High leverage: Access leveraged positions on major cryptocurrencies
  • No expiration: Positions remain open indefinitely until you close them
  • Funding rates: Market-driven mechanism to keep perpetual prices anchored to spot prices
  • On-chain settlement: All trades settled transparently on Oraichain
LFG Perp is built on Oraichain, a Cosmos SDK-based blockchain, ensuring fast finality, low costs, and robust security.

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How Perpetual Futures Work

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Key Concepts

Unlike traditional futures with expiration dates, perpetual contracts can be held indefinitely. This makes them ideal for:
  • Long-term position building
  • Flexible trading strategies
  • Avoiding rollover costs
Control a large position with a small amount of collateral. For example, with 10x leverage:
  • Deposit $1,000 USDC
  • Control a $10,000 position
  • Amplified gains and losses
Higher leverage increases liquidation risk. Always monitor your margin ratio.
Periodic payments between longs and shorts to keep perpetual prices aligned with spot prices:
  • Positive funding: Longs pay shorts (bullish market)
  • Negative funding: Shorts pay longs (bearish market)
  • Calculated every 1 hour based on price deviation
Your USDC collateral secures your position:
  • Initial margin: Required to open a position
  • Maintenance margin: Minimum to keep position open
  • Free collateral: Available for new positions
  • Liquidation: Triggered if margin falls too low

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Why LFG Perp?

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For Traders

No Intermediaries

Trade directly on-chain without trusting centralized exchanges with your funds

Transparent

All trades, liquidations, and funding rates are visible on-chain

Global Access

No KYC, no geographical restrictions, no account freezes

Composable

Integrate with DeFi protocols, build custom strategies, automate everything

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For Developers

Build trading bots, analytics dashboards, custom UIs, and automated strategies using our comprehensive SDK.

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Core Components

LFG Perp consists of several key components working together:

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1. Indexer

  • Purpose: Fast read-only access to market data
  • Provides: Orderbooks, prices, account balances, positions, trade history
  • Technology: REST API + WebSocket for real-time updates

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2. Validator

  • Purpose: Blockchain interaction for transactions
  • Provides: Order placement, transfers, account management
  • Technology: Cosmos SDK RPC endpoint

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3. CompositeClient SDK

  • Purpose: Unified interface for developers
  • Combines: Indexer (read) + Validator (write) in one convenient client
  • Language: TypeScript/JavaScript
The CompositeClient abstracts away the complexity of interacting with multiple endpoints, making development straightforward.

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Markets Available

LFG Perp supports perpetual futures for major cryptocurrencies:
  • BTC-USD: Bitcoin perpetual
  • ETH-USD: Ethereum perpetual
  • SOL-USD: Solana perpetual
  • And more: Check lfg.land for the complete market list
Each market features:
  • Real-time orderbook
  • Oracle-based price feeds
  • Funding rate mechanisms
  • 24/7 trading

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Security Model

You hold your private keys. LFG Perp never has access to your funds. All operations require your signature.
Every trade is settled on Oraichain. Full transparency and auditability.
Market prices are provided by decentralized oracle networks to prevent manipulation.
Automated liquidations protect the solvency of the exchange when positions become undercollateralized.

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Next Steps

Explore Features

Dive deeper into LFG Perp’s capabilities

Architecture

Learn how LFG Perp is built

Start Development

Begin building on LFG Perp

Trade Now

Launch the trading app