Degen
Degen Mode
50x leverage — minimal opening fees and high leverage for experienced traders.
Max Leverage
Up to 50x leverage for BTC/USD market orders.
Low Fees & Slippage
0 open position fees and 0.01% slippage for BTC/USD in Degen mode; other pairs may use fixed/dynamic slippage.
Closing Fee
Dynamic PnL-based closing fee applies to protect users and the protocol — see Fees & Funding for details.
Availability & limits
| Market | Max Leverage | Slippage |
|---|---|---|
| BTC/USD | 50x | 0.01% |
| Other pairs | Up to 50x | Fixed or dynamic |
Liquidation formula
Entry price * (Initial margin * Liquidation lost rate + Accumulated funding fee) / Initial margin / Leverage
Long: Entry price − distance · Short: Entry price + distance
How to trade
- Select a leverage up to 50x (50x enters Degen mode).
- Log in to your account and enter collateral amount.
- Open market orders for long or short positions.
Important rules
- No adding margin to open positions in Degen mode.
- Dynamic closing fee applied based on PnL — protects both trader and protocol.