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elysia-perps

Elysia-Perps is a Quanto-based perpetual exchange that makes ARB itself the settlement currency—deposit ARB, trade global assets, and settle PnL in ARB.

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Web3
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Descripción

Overview

Elysia Perps is a Quanto-based perpetual futures exchange that makes ARB itself the settlement currency. Users deposit ARB, trade global assets (BTC, ETH, equities, and indices), and settle PnL directly in ARB—no conversion to USDT, no exit from the Arbitrum ecosystem. It runs a hybrid design: on-chain custody on Arbitrum paired with an off-chain CLOB matching engine for CEX-grade execution.

demo : https://beta.elysia.finance/trade/BTC-PERP-ARB
front-end : https://github.com/ModoriLabs/arb-perp-ui

How it works

  1. Deposit — Put in ARB and receive "trading tokens" at a fixed rate. For example, deposit 10 ARB and you get 1 trading token.

  2. Fixed value — Inside the exchange, each trading token is always worth $1, no matter what ARB's market price is doing.

  3. Trade — Use those tokens to trade perpetual futures, exactly like any other perp DEX.

  4. Withdraw — Convert back to ARB at the same fixed rate (1:10): 1 trading token → 10 ARB.

In short: ARB becomes a "dollar-like token" inside the venue, so you trade like a normal perp without worrying about ARB's price swings, then redeem back to ARB on the way out.

Key strengths

  1. ARB as the base currency — Use your existing ARB directly as both margin and settlement currency. No converting to USDT, no leaving the ecosystem.

  2. Quanto settlement neutralizes collateral volatility — Trade in dollar terms inside the venue regardless of ARB's spot price, solving the core problem that makes volatile tokens unusable as margin on conventional perps.

  3. Global assets in one place — Trade perpetual futures on BTC and ETH as well as equities and indices, with RWA markets on the roadmap.

  4. Idle ARB becomes productive + foundation-as-MM — Bootstrap liquidity without external USDT capital; ARB sell pressure drops while reasons to hold grow.

  5. CEX-grade execution with on-chain safety — An off-chain CLOB matching engine delivers fast execution, while custody stays on Arbitrum and withdrawals are secured by dual verification across the execution layer and on-chain settlement.

Progreso del hackathon

During the Buildathon, we'll ship a working MVP of Elysia Perps on Arbitrum, focused on proving the core ARB-settled Quanto mechanism end to end: 1. BTC-ARB market live — A single perpetual market (BTC underlying, ARB as collateral and settlement) demonstrating the full deposit → trade → settle-in-ARB → withdraw flow. 2. Testnet deployment — Deployed and runnable on Arbitrum testnet, with custody on-chain and the matching/settlement engine operational. 3. Trade functionality — Core perpetual trading (order placement, matching, funding, liquidation, PnL settled in ARB quantity). <> 1. Product expansion — Add more markets (ETH, equities, and RWA indices) on top of the same Quanto engine. 2. Mainnet launch — Move from testnet to Arbitrum mainnet. 3. Earn & Vault — Extend beyond trading with Earn and Vault products for passive yield and liquidity provision.

Estado de recaudación de fondos

Pre-seed (not yet raised)
Líder del equipo
JJG Lim
Enlace del proyecto
Sector
DeFiRWA