PerpQ

## What are Qubic Perpetual Futures? **Qubic Perpetual Futures (PERP)** is a decentralized perpetual futures trading system built on Qubic, similar to GMX style perpetuals. It provides: - **PriceFeed Contract** - Oracle for real-time token prices (QUBIC, BTC, BNB, USDT) - **Perpetuals Contract** - Full trading engine with leveraged long/short positions - **Risk Management** - Automated liquidations, margin requirements, funding rates - **Fee Structure** - Opening, closing, and liquidation fees for protocol sustainability - **Account Management** - Multi-user support with per-user balance tracking PERP is designed to: - Create sustainable liquidity and trading volume on Qubic - Generate ongoing protocol revenue through trading fees - Provide transparent, non-custodial leveraged trading - Enable price discovery for Qubic ecosystem assets --- ## Perpetual Futures Solution PERP introduces a **comprehensive derivatives trading system** with modular architecture: 1. **PriceFeed Contract (Index 20)** - Manages real-time prices for 4 tokens 2. **Perpetuals Contract (Index 21)** - Core trading engine with full position lifecycle 3. **Risk Management System** - Automated margin enforcement and liquidations 4. **Funding Rate Mechanism** - Hourly rate-based incentive system to balance OI 5. **Fee Distribution** - Protocol fees, liquidation rewards, and fund accumulation In short: **PERP = Decentralized perpetuals engine + Price oracle + Risk management + Fee model.** --- ## How It Works (Step by Step) ### 1. Price Feed (PriceFeed Contract) #### Price Updates - **4 Supported Tokens**: QUBIC, BTC, BNB, USDT - **Price Precision**: 1e8 (8 decimal places) - **Oracle Updates**: Regular updates via authorized oracle node - **Timestamp Tracking**: Last update tick recorded for each token