Atlas Open Public Mainnet Beta for Perpetual Trading for Cardano

Atlas don open im public mainnet beta for perpetual trading for Cardano. Users fit connect compatible wallet and take long or short positions using supported stablecoins as collateral.

The platform dey draw liquidity from one shared vault wey dey act as counterparty to traders. The launch follow public test phase and e introduce first limits on collateral, leverage and position size.

Atlas Introduces BTC/USD Trading on Cardano

Perpetual contracts na derivatives wey no get fixed expiration date. Long position dey give trader exposure to price wey dey rise, while short position dey give exposure to price wey dey fall.

Atlas dey support market and limit orders, plus take-profit and stop-loss triggers. Im smart contracts dey written for Aiken, one language wey dem dey use build Cardano validators.

For BTC/USD for mainnet, Atlas documentation list minimum collateral requirement of 30 stablecoin units and maximum leverage of 5x. The platform still apply position size cap. For the Preprod test network, this same market allow leverage up to 50x and e no get separate position size cap.

Leverage dey allow users open position wey big pass the collateral wey dem deposit. Example, 30 stablecoin units at 5x leverage go create position of 150 units. Profit and loss dey calculate against the bigger position, and if price move against person, e fit lead to liquidation.

Trading Fees and Price Execution

Users need compatible Cardano wallet, stablecoin wey the selected market support, and ADA for transaction-related requirements. Atlas list Eternl and Lace among the compatible wallets.

For BTC/USD for mainnet, Atlas documentation list opening fee of 0.20% of the position size and Atlas order fee of 1 ADA. Cardano transaction fees dey separate. The figures na snapshot we check on November 2, and the project note say settings fit change.

Borrow fee still apply while position still open. Atlas dey calculate am using market-configured rate and completed five-minute holding periods, with the amount fixed when position close. Borrow fees dey flow enter the liquidity vault.

For each trading action, authorized operator dey supply the price. Cardano validators dey check conditions like price freshness, execution limits and leverage, while the market price itself depend on the operator’s pricing system.

To close position, e need two transactions. The first one dey fix the trading result and move the position enter pending payout state. Separate settlement transaction go update the vault and pay the resulting stablecoins to the user.

[NEWSBREAK]

Atlas Vault and ATLAS Staking

Liquidity providers dey deposit stablecoins enter the Atlas vault and dem dey receive LP tokens wey represent their share for the pool. The vault dey receive borrow fees and collateral from losing trades, and e dey pay traders wey close positions with profit.

Profitable trades fit reduce the value of LP tokens. Atlas talk say neither deposited principal nor returns dey guaranteed.

The project still offer ATLAS staking to collect share of configured protocol revenue. Under the documented mainnet settings, staking position go become eligible for rewards after 30 days. Unstaking dey burn 10% of position wey dem hold for less than 30 days, 1% from 30 to fewer than 60 days, and 0.2% after 60 days. Atlas talk say these values fit dey configured on-chain.

Before launch, Atlas report say im vault don reach $50,000. Launch update wey the project share outline plans for higher limits, more liquidity and additional deposit options for the following weeks.