Atlas Targets November 20 for V1 Perpetuals Launch on Cardano

Atlas is targeting November 20 for the full mainnet release of V1, its perpetual futures exchange on Cardano. The team announced the target on November 9 after opening a public mainnet beta with a single BTC/USD market. The planned release also raises position limits and adds one-click token swaps.

V1 Raises the Position Limit to $2,000

Atlas plans to increase the maximum size of an individual position from $300 to $2,000. The minimum collateral required to open a position would rise from $30 to $50. The three additional markets would bring the total to four.

Perpetual futures let traders take positions on rising or falling prices without a contract expiration date. Leverage lets traders take a position larger than the collateral they post. Atlas’s documentation explains that, all else being equal, higher leverage moves the liquidation price closer to the entry price. Liquidation closes the entire position.

Vault Liquidity Determines Available Position Size

Traders connect a Cardano wallet and post stablecoins as collateral. A shared vault funded by liquidity providers takes the other side of trades and pays out trader profits.

The planned $2,000 cap sets the largest position the protocol would allow. The amount available for an individual order also depends on how much liquidity the vault has when the position opens, according to Atlas’s documentation.

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One-Click Swaps Cover Trading and Vault Deposits

Atlas plans to add one-click token swaps to simplify trading and deposits into the liquidity vault. The feature covers two actions on the platform: funding a trade and supplying liquidity to the vault.

The public mainnet beta offers BTC/USD trading with leverage capped at 5x. Atlas has tied the three additional markets, higher limits, and one-click swaps to the full V1 release.