{
  "generated_at": "2026-10-19T10:00:34.499Z",
  "counts": {
    "total": 71,
    "curated": 33,
    "atlas_venues": 66,
    "active_programs": 19
  },
  "programs": [
    {
      "slug": "lp",
      "name": "LeverUp",
      "url": "https://app.leverup.xyz",
      "token": {
        "status": "live",
        "symbol": "LV"
      },
      "program": {
        "name": "$LV Genesis Season 1",
        "season": "Season 1 (final Genesis season, no end date)",
        "status": "active",
        "cadence": "Points settle instantly; airdrop allocations calculated per epoch",
        "pool": null,
        "conversion_stated": "yes",
        "conversion_note": "Docs say Genesis airdrops are paid in $LV according to each user's points, fully unlocked; total Genesis distribution is 10% of supply (S0 + S1), split 40% normal-user pool / 60% high-leverage pool. $LV launched at TGE on 2025-12-18 and Season 0 was airdropped then. Season 1 has no published end date.",
        "start": "2025-12-19",
        "end": null
      },
      "docs": [
        "https://docs.leverup.xyz/token/points",
        "https://docs.leverup.xyz/token/point-formula",
        "https://docs.leverup.xyz/reference/contract-addresses"
      ],
      "evidence": [
        {
          "url": "https://docs.leverup.xyz/token/points",
          "quote": "Airdrops for both seasons will be distributed immediately and fully unlocked according to each user’s points. All points are ERC-20 tokens and will not be burned."
        },
        {
          "url": "https://docs.leverup.xyz/reference/contract-addresses",
          "quote": "LV LeverUp Token 0x1001fF13bf368Aa4fa85F21043648079F00E1001"
        },
        {
          "url": "https://x.com/LeverUp_xyz/status/2000801774014464196",
          "quote": "The official airdrop snapshot will be taken at: December 17, 2025 | 14:00 UTC"
        },
        {
          "url": "https://x.com/LeverUp_xyz/status/2001962017125740850",
          "quote": "Final $LV Airdrop Season(S1) is LIVE today"
        },
        {
          "url": "https://docs.leverup.xyz/token/point-formula",
          "quote": "Normal user pool Accounts for 40% of $LV distribution · High leverage user pool Accounts for 60% of $LV distribution · Total $LV Distribution 10% of total supply"
        }
      ],
      "notes": "Season 1 is the second and final Genesis season and is live with no published end date. Season 0 ran from mainnet launch (points live 2025-11-25 02:00 UTC) to the airdrop snapshot on 2025-12-17 14:00 UTC; $LV went live on Monad on 2025-12-18 with the Season 0 airdrop sent straight to wallets, and Season 1 opened on 2025-12-19. Two point types (LVP for <=100x users, LVHP for >=500x users), both non-transferable on-chain ERC-20 tokens that are not burned. Points come from open/close position size times a hold-duration multiplier times a team boost; a position must be held more than 3 minutes (1 minute for high leverage) to count. Referral codes unlock after $100,000 volume, and referrers earn 1 point for every 4 their invitees earn. Cross-exchange markets (gold, FX, index) earn points too.",
      "checked_at": "2026-10-19",
      "trad_assets": "Cross-exchange gold, FX and index perps earn points the same way as crypto pool markets, as confirmed by the team on 2026-10-19; the public point formula does not list markets separately.",
      "drop": {
        "day": "Instant settlement",
        "time": null
      },
      "featured": true,
      "disclosure": "This site is operated by people connected to LeverUp. It is listed first for that reason, not because of a ranking.",
      "source": "curated",
      "chains": [
        "Monad"
      ],
      "max_leverage": "1001x",
      "desc_en": "LP-free perps exchange on Monad where the protocol underwrites positions.",
      "tvl_usd": 2351450.094564342,
      "llama_slug": "leverup",
      "stale": false,
      "curated": true
    },
    {
      "slug": "extended",
      "name": "Extended",
      "url": "https://app.extended.exchange/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Extended Points Program",
        "season": "Continuous (no seasons)",
        "status": "active",
        "cadence": "Weekly",
        "pool": "Up to 600,000 per week (cap, not a commitment)",
        "conversion_stated": "no",
        "conversion_note": "Docs: points may be taken into account in a future token distribution; no ratio, date or value confirmed.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.extended.exchange/extended-resources/points-program"
      ],
      "evidence": [
        {
          "url": "https://docs.extended.exchange/extended-resources/points-program",
          "quote": "no more than 600,000 Points will be allocated in any weekly distribution."
        },
        {
          "url": "https://docs.extended.exchange/extended-resources/points-program",
          "quote": "As of 06.10.2026, total Points distributed under the program: 69,235,805."
        }
      ],
      "notes": "Points cover trading, liquidity, referrals and testing or feedback. The docs say points do not represent a token and create no present entitlement to tokens.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Weekly",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "StarkNet"
      ],
      "max_leverage": "100x",
      "desc_en": "Starknet perp exchange covering crypto and TradFi markets, usable from any EVM wallet.",
      "tvl_usd": 115550762.46891679,
      "llama_slug": "extended-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "arcus",
      "name": "Arcus",
      "url": "https://arcus.xyz/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Arcus Points",
        "season": "Season 1",
        "status": "active",
        "cadence": "Weekly, Wednesdays 3PM ET",
        "pool": "250,000 per week (fixed)",
        "conversion_stated": "no",
        "conversion_note": "Protocol terms: points do not guarantee a token or airdrop.",
        "start": "2026-10-01",
        "end": "no later than end of H1 2027"
      },
      "docs": [
        "https://arcus.xyz/blog/introducing-arcus-points",
        "https://arcus.xyz/legal/protocol-terms"
      ],
      "evidence": [
        {
          "url": "https://arcus.xyz/blog/introducing-arcus-points",
          "quote": "The total weekly distribution is fixed at 250K points per week for the duration of the program."
        },
        {
          "url": "https://arcus.xyz/blog/introducing-arcus-points",
          "quote": "Real World Assets: trading Stock Tokens and other RWAs currently earns more."
        }
      ],
      "notes": "Invite-only access (one invite code per $1M perps volume). Season 0 covered July 1 to Sept 30 for private-beta users. Terms say the program is not available in the US, Canada or the UK.",
      "checked_at": "2026-10-19",
      "trad_assets": "Boosts for RWA trading and for RWA perps outside US market hours (8PM to 4AM ET, weekends, US holidays).",
      "drop": {
        "day": "Wed",
        "time": "15:00 ET"
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Robinhood Chain"
      ],
      "max_leverage": "50x",
      "desc_en": "Self-custodial exchange on Robinhood Chain with stock-token spot and cross-margined perps on equities, crypto and commodities.",
      "tvl_usd": 61352288.94945988,
      "llama_slug": "arcus-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "decibel",
      "name": "Decibel",
      "url": "https://app.decibel.trade/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Amps",
        "season": "Season 1",
        "status": "active",
        "cadence": "Daily, capped emission",
        "pool": null,
        "conversion_stated": "partial",
        "conversion_note": "Docs: Amps are a primary input when evaluating token distribution at TGE.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.decibel.trade/rewards/amps"
      ],
      "evidence": [
        {
          "url": "https://docs.decibel.trade/rewards/amps",
          "quote": "Amps are a primary input Decibel uses when evaluating token distribution at TGE."
        }
      ],
      "notes": "Four daily pools: trading, streaks, referrals and DLP vault deposits. Scoring weighs frequency, moderate leverage, hold time and less liquid markets.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Daily",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Aptos"
      ],
      "max_leverage": "50x",
      "desc_en": "Fully onchain order-book perp exchange on Aptos with cross and isolated margin.",
      "tvl_usd": 29677599.53237198,
      "llama_slug": "decibel",
      "stale": false,
      "curated": true
    },
    {
      "slug": "risex",
      "name": "RISEx",
      "url": "https://rise.trade/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "RISE Points",
        "season": "Season 1: Ignite",
        "status": "active",
        "cadence": "Weekly, Tuesdays 14:00 UTC",
        "pool": "200,000 per week",
        "conversion_stated": "partial",
        "conversion_note": "Docs: 100% of RISE points are allocated to RISEx users; token terms not detailed.",
        "start": "2026-07-20",
        "end": "no later than Q2 2027"
      },
      "docs": [
        "https://docs.risechain.com/docs/risex/rewards/points"
      ],
      "evidence": [
        {
          "url": "https://docs.risechain.com/docs/risex/rewards/points",
          "quote": "200k points are allocated per weekly distribution. Ignite is expected to end no later than Q2 2027"
        }
      ],
      "notes": "Points weigh what you trade, hold time, fees paid, slippage and referrals. A separate Season 0 distribution happened on July 23, 2026.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Tue",
        "time": "14:00 UTC"
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "RISE Chain"
      ],
      "max_leverage": null,
      "desc_en": "Fully on-chain perpetuals exchange on RISE Chain, an Ethereum L2, with portfolio-style collateral.",
      "tvl_usd": 20381594.57812371,
      "llama_slug": "risex",
      "stale": false,
      "curated": true
    },
    {
      "slug": "reya",
      "name": "Reya",
      "url": "https://app.reya.xyz/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": "Reya Chain Points (RCP)",
        "season": "Ongoing",
        "status": "active",
        "cadence": "Weekly, fixed weekly supply",
        "pool": null,
        "conversion_stated": "partial",
        "conversion_note": "Docs: RCP is the basis for distributing network ownership through the future airdrop.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.reya.xyz/reya-token/reya-chain-points-faqs"
      ],
      "evidence": [
        {
          "url": "https://docs.reya.xyz/reya-token/reya-chain-points-faqs",
          "quote": "They serve as the basis for distributing ownership in the network through the future airdrop."
        }
      ],
      "notes": "Three tracks: trading (highest weight), staking srUSD and discretionary 'signal' contributions. Non-transferable; public leaderboard.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Weekly",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Reya Network"
      ],
      "max_leverage": null,
      "desc_en": "Perp exchange on its own rollup, shared liquidity pool, crypto and RWA markets.",
      "tvl_usd": 9394845.844903616,
      "llama_slug": "reya-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "antarctic",
      "name": "Antarctic",
      "url": "https://partner.antarctic.live/",
      "token": {
        "status": "pre-tge",
        "symbol": "ATTX"
      },
      "program": {
        "name": "AX Points",
        "season": "Ongoing",
        "status": "active",
        "cadence": "Not stated",
        "pool": null,
        "conversion_stated": "partial",
        "conversion_note": "Docs: AX Points may be used to determine relative share in future airdrop seasons; not guaranteed.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.antarctic.exchange/antarctic-overview/earn-as-a-trader-ax-points"
      ],
      "evidence": [
        {
          "url": "https://docs.antarctic.exchange/antarctic-overview/earn-as-a-trader-ax-points",
          "quote": "Your accumulated AX Points may be used to determine your relative share across eligible incentive programs, including future airdrop seasons"
        }
      ],
      "notes": "Earned by trading, with planned routes for liquidity, governance, referrals and community work. Docs say AX Points are not a token.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Arbitrum"
      ],
      "max_leverage": null,
      "desc_en": "Gasless perpetual futures exchange on Arbitrum covering major, meme and DeFi tokens.",
      "tvl_usd": 8753932.534301778,
      "llama_slug": "antarctic",
      "stale": false,
      "curated": true
    },
    {
      "slug": "perpl",
      "name": "Perpl",
      "url": "https://www.perpl.xyz/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Perpl Points",
        "season": "Season One",
        "status": "active",
        "cadence": "Weekly; snapshot Wednesday, drop within 48h",
        "pool": "50,000 per week",
        "conversion_stated": "no",
        "conversion_note": "No conversion stated.",
        "start": "2026-06-10",
        "end": null
      },
      "docs": [
        "https://docs.perpl.xyz/exchange/points"
      ],
      "evidence": [
        {
          "url": "https://docs.perpl.xyz/exchange/points",
          "quote": "For Season One, the total points pool for each week is 50,000 points."
        }
      ],
      "notes": "Points for organic trading, PLP (soon), referrals (+5% each side) and bonuses. Pre-season activity to be credited later.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Wed-Fri",
        "time": "within 48h of Wednesday snapshot"
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Monad"
      ],
      "max_leverage": null,
      "desc_en": "Fully on-chain order book perpetuals exchange on Monad, with no off-chain matching engine.",
      "tvl_usd": 3315456.2650484215,
      "llama_slug": "perpl",
      "stale": false,
      "curated": true
    },
    {
      "slug": "ethereal",
      "name": "Ethereal",
      "url": "https://app.ethereal.trade/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Ethereal Points",
        "season": "Weekly program",
        "status": "active",
        "cadence": "Weekly; snapshot Wednesday 23:59 UTC, distributed Fridays",
        "pool": null,
        "conversion_stated": "no",
        "conversion_note": "Separate Ethena Exchange Points convert into ENA at program end.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.ethereal.trade/points/rewards-and-points"
      ],
      "evidence": [
        {
          "url": "https://docs.ethereal.trade/points/rewards-and-points",
          "quote": "Snapshots are taken Wednesdays at 23:59 UTC and points are distributed weekly on Fridays."
        }
      ],
      "notes": "Points use fees, open interest, liquidations, maker/taker volume and referrals. USDe margin also earns USDe rewards (capped, per docs).",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Fri",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Ethereal appchain"
      ],
      "max_leverage": null,
      "desc_en": "Ethena-aligned perp and spot exchange settled in USDe on its own appchain.",
      "tvl_usd": 1666577.6202137512,
      "llama_slug": "ethereal-dex",
      "stale": false,
      "curated": true
    },
    {
      "slug": "aster",
      "name": "Aster",
      "url": "https://www.asterdex.com/",
      "token": {
        "status": "live",
        "symbol": "ASTER"
      },
      "program": {
        "name": "Aster Convergence",
        "season": "Stage 6",
        "status": "active",
        "cadence": "Weekly epochs, Monday 00:00 to Sunday 23:59 UTC",
        "pool": null,
        "conversion_stated": "partial",
        "conversion_note": "Docs call them 'Stage 6 Airdrop points'; conversion ratio and Stage 6 share not published.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.asterdex.com/program-and-rewards/points-and-campaigns/aster-convergence-stage-6"
      ],
      "evidence": [
        {
          "url": "https://docs.asterdex.com/program-and-rewards/points-and-campaigns/aster-convergence-stage-6",
          "quote": "Points are Aster Stage 6 Airdrop points for trading on Aster Perpetual and Spot."
        },
        {
          "url": "https://docs.asterdex.com/program-and-rewards/points-and-campaigns/aster-convergence-stage-6",
          "quote": "Specific weightings and formulas remain undisclosed."
        }
      ],
      "notes": "Final points = (trading + position + Aster asset + liquidation + PnL points) x team boost + referral points. Trading points use fee contribution, maker liquidity and a symbol boost; two referral levels. Stage 6 is the latest stage listed in the docs index on the check date.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Weekly (epoch ends Sun 23:59 UTC)",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "BNB Chain",
        "Arbitrum",
        "Solana"
      ],
      "max_leverage": "1001x",
      "desc_en": "Multi-chain perpetuals exchange offering crypto and stock-style markets with flexible trading modes.",
      "tvl_usd": null,
      "llama_slug": "aster-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "hibachi",
      "name": "Hibachi",
      "url": "https://hibachi.xyz/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Hibachi Points",
        "season": "Season",
        "status": "active",
        "cadence": "Weekly epoch, Mondays 3:00 UTC",
        "pool": "1,000,000 per epoch",
        "conversion_stated": "no",
        "conversion_note": "No conversion stated.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.hibachi.xyz/hibachi-rewards/hibachi-points"
      ],
      "evidence": [
        {
          "url": "https://docs.hibachi.xyz/hibachi-rewards/hibachi-points",
          "quote": "Each epoch spans seven days, with a fixed total of 1,000,000 points released per epoch."
        },
        {
          "url": "https://docs.hibachi.xyz/hibachi-rewards/hibachi-points",
          "quote": "For the week October 5–12, 2026, users can unlock weekly point multipliers by trading BTCUSD or EURUSD."
        }
      ],
      "notes": "Referral boosts go three levels deep. Weekly multiplier challenges change; the latest documented one (Oct 5 to 12, 2026) gave 1.05x to 1.5x for $100K to $1M weekly EURUSD or BTCUSD volume.",
      "checked_at": "2026-10-19",
      "trad_assets": "FX perps (EURUSD, GBPUSD, AUDUSD, NZDUSD, CADUSD, JPYUSD) with documented weekly EURUSD point multipliers.",
      "drop": {
        "day": "Mon",
        "time": "03:00 UTC"
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Arbitrum",
        "Base"
      ],
      "max_leverage": "25x",
      "desc_en": "Stablecoin-native exchange offering perpetual markets with order-book execution and zk verification.",
      "tvl_usd": null,
      "llama_slug": "hibachi",
      "stale": false,
      "curated": true
    },
    {
      "slug": "lighter",
      "name": "Lighter",
      "url": "https://app.lighter.xyz/",
      "token": {
        "status": "live",
        "symbol": "LIT"
      },
      "program": {
        "name": "Lighter on Robinhood Chain Points",
        "season": "Robinhood Chain program",
        "status": "active",
        "cadence": "Real-time accrual plus a weekly drop every Friday",
        "pool": null,
        "conversion_stated": "no",
        "conversion_note": "No token conversion stated on the pages read.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.lighter.xyz/points-program",
        "https://docs.lighter.xyz/points-program/lighter-on-robinhood-chain-points"
      ],
      "evidence": [
        {
          "url": "https://docs.lighter.xyz/points-program/lighter-on-robinhood-chain-points",
          "quote": "Points are calculated and awarded in real time based on eligible activity, with an additional weekly points drop at the end of each program period, every Friday (first weekly drop on Fri Aug 21)."
        },
        {
          "url": "https://docs.lighter.xyz/points-program/retail",
          "quote": "For Season 2, 200,000 points per week will be distributed every Friday."
        }
      ],
      "notes": "Robinhood Chain points terms are effective from Aug 10, 2026. The main docs still describe Season 2 retail points (200,000 a week, Fridays) without an end date; some third-party trackers report Season 2 as ended, so treat Season 2 status as unconfirmed. Up to 10 accounts per user are allowed without penalty.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Fri",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Ethereum",
        "Lighter"
      ],
      "max_leverage": "50x",
      "desc_en": "Zero-knowledge rollup with a verifiable order-book engine for perpetual futures.",
      "tvl_usd": null,
      "llama_slug": "lighter-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "nado",
      "name": "Nado",
      "url": "https://www.nado.xyz/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Nado Points",
        "season": "Season 2",
        "status": "active",
        "cadence": "Weekly",
        "pool": "300K floor to 950K cap per week, scaling with volume",
        "conversion_stated": "no",
        "conversion_note": "No conversion stated on the pages read.",
        "start": "2026-05-21",
        "end": null
      },
      "docs": [
        "https://docs.nado.xyz/incentives-and-rewards/points/season-2-live"
      ],
      "evidence": [
        {
          "url": "https://docs.nado.xyz/incentives-and-rewards/points/season-2-live",
          "quote": "Every week starts with a guaranteed 300K-point floor that pays out regardless of activity, and rises toward a 950K-point cap as volume climbs."
        }
      ],
      "notes": "Season 2 removed invite gating. Points come from trading, the NLP vault and referrals; balances, trader tier history and NFT multipliers carried over from Season 1.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Weekly",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Ink"
      ],
      "max_leverage": "20x",
      "desc_en": "Order-book exchange on Ink with spot, margin and perps under one cross-margin account.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": true
    },
    {
      "slug": "ondo-perps",
      "name": "Ondo Perps",
      "url": "https://app.ondoperps.xyz",
      "token": {
        "status": "live",
        "symbol": "ONDO"
      },
      "program": {
        "name": "Ondo Points",
        "season": "Weekly program",
        "status": "active",
        "cadence": "Weekly",
        "pool": "5,000,000 per week (fixed)",
        "conversion_stated": "no",
        "conversion_note": "No conversion stated on the page read.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://ondoperps.xyz/blog/earn-ondo-points"
      ],
      "evidence": [
        {
          "url": "https://ondoperps.xyz/blog/earn-ondo-points",
          "quote": "Ondo Points are currently allocated based on a score-weighted share of weekly: Trading volume Open interest"
        }
      ],
      "notes": "First drop covered trading since June 2. Runs alongside weekly USDC trading rewards and referrals.",
      "checked_at": "2026-10-19",
      "trad_assets": "Ondo Perps lists tokenized-asset style markets; the points page does not single out asset classes.",
      "drop": {
        "day": "Weekly",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Multi-chain"
      ],
      "max_leverage": "20x",
      "desc_en": "Ondo's equity and commodity perpetuals platform accepting tokenized stocks as margin; restricted in the US.",
      "tvl_usd": null,
      "llama_slug": "ondo-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "pacifica",
      "name": "Pacifica",
      "url": "https://app.pacifica.fi/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Pacifica Points",
        "season": "Weekly program",
        "status": "active",
        "cadence": "Weekly snapshot Thursday 00:00 UTC, distribution within 24h",
        "pool": "10,000,000 per week",
        "conversion_stated": "no",
        "conversion_note": "No conversion stated.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.pacifica.fi/programs/points-program"
      ],
      "evidence": [
        {
          "url": "https://docs.pacifica.fi/programs/points-program",
          "quote": "Weekly allocation: 10,000,000 points distributed weekly among eligible Pacifica users"
        },
        {
          "url": "https://docs.pacifica.fi/programs/points-program",
          "quote": "The formula is dynamic and opaque by design, updated weekly as usage evolves."
        }
      ],
      "notes": "Launched Thursday Sept 4 at 00:00 UTC. Points cannot be bought; the docs say multiple accounts give no advantage.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Thu",
        "time": "within 24h of 00:00 UTC snapshot"
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Solana"
      ],
      "max_leverage": null,
      "desc_en": "Order-book perpetuals exchange on Solana with a status page and trading app.",
      "tvl_usd": null,
      "llama_slug": "pacifica-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "paradex",
      "name": "Paradex",
      "url": "https://app.paradex.trade/",
      "token": {
        "status": "live",
        "symbol": "DIME"
      },
      "program": {
        "name": "Paradex XP",
        "season": "Season 3",
        "status": "active",
        "cadence": "Weekly, every Wednesday",
        "pool": "4,000,000 XP per week",
        "conversion_stated": "no",
        "conversion_note": "No conversion stated for Season 3 on the page read.",
        "start": "2026-02-01",
        "end": "TBD"
      },
      "docs": [
        "https://docs.paradex.trade/docs/xp-referrals/xp"
      ],
      "evidence": [
        {
          "url": "https://docs.paradex.trade/docs/xp-referrals/xp",
          "quote": "Season 3 is LIVE! Earn your share of 4,000,000 XP distributed weekly every Wednesday."
        },
        {
          "url": "https://docs.paradex.trade/docs/xp-referrals/xp",
          "quote": "Season 2 ran from January 3, 2025 to January 29, 2026. ~236M XP was distributed in Season 2."
        }
      ],
      "notes": "Pre-season and Season 1 ran Feb 1, 2024 to Jan 2, 2025 (~100M XP). Docs say Season 3 introduces a new earning mechanic with documentation to follow.",
      "checked_at": "2026-10-19",
      "trad_assets": "Paradex lists gold, silver, oil, US500/US100 and stock perps; XP rules do not single them out.",
      "drop": {
        "day": "Wed",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Paradex",
        "StarkNet"
      ],
      "max_leverage": null,
      "desc_en": "Perpetuals and options exchange on a Starknet-based appchain with an order book.",
      "tvl_usd": null,
      "llama_slug": "paradex-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "standx",
      "name": "StandX",
      "url": "https://standx.com/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Mainnet Points Campaign",
        "season": "Mainnet",
        "status": "active",
        "cadence": "Points accrue continuously; data syncs hourly",
        "pool": null,
        "conversion_stated": "no",
        "conversion_note": "No token conversion stated on the pages read.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.standx.com/docs/standx-earn/mainnet-campaigns"
      ],
      "evidence": [
        {
          "url": "https://docs.standx.com/docs/standx-earn/mainnet-campaigns",
          "quote": "As of December 10th 2025, the grand Mainnet Trading Points campaign is live."
        },
        {
          "url": "https://docs.standx.com/docs/standx-earn/mainnet-campaigns",
          "quote": "Second and Final Halving: August 10th 2026 at 8:00am GMT"
        }
      ],
      "notes": "Trader, maker (resting limit orders >3 seconds, closer to mark earns more) and holder points. Emission rates were halved on May 24 and Aug 10, 2026, and docs say the second halving was the last.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Continuous (syncs hourly)",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Multi-chain"
      ],
      "max_leverage": null,
      "desc_en": "Perpetual futures exchange with cross-chain access and stablecoin-margined markets.",
      "tvl_usd": null,
      "llama_slug": "standx-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "variational",
      "name": "Variational (Omni)",
      "url": "https://omni.variational.io/",
      "token": {
        "status": "pre-tge",
        "symbol": "VAR"
      },
      "program": {
        "name": "Omni Points",
        "season": "Weekly program",
        "status": "active",
        "cadence": "Weekly, distributed Fridays 00:00 UTC",
        "pool": null,
        "conversion_stated": "yes",
        "conversion_note": "Token page: 32% Genesis Distribution airdropped proportionally to points holdings; $VAR to launch in Q4 2026.",
        "start": "2025-12-17",
        "end": "by end of Q4 2026"
      },
      "docs": [
        "https://docs.variational.io/omni/rewards/points",
        "https://docs.variational.io/token/usdvar"
      ],
      "evidence": [
        {
          "url": "https://docs.variational.io/omni/rewards/points",
          "quote": "Weekly point distributions will conclude no later than the end of Q4 2026"
        },
        {
          "url": "https://docs.variational.io/token/usdvar",
          "quote": "Genesis Distribution [32%]: Tokens airdropped proportionally to points holdings."
        }
      ],
      "notes": "Launched Dec 17, 2025 with 3,000,000 retroactive points. Referrers get 1 point per 10 their referrals earn; reward tiers add a +0.5% to +5% boost. Omni lists crypto and traditional markets in one account.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Fri",
        "time": "00:00 UTC"
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Arbitrum"
      ],
      "max_leverage": "50x",
      "desc_en": "Single-account trading platform quoting crypto and RWA perps via RFQ.",
      "tvl_usd": null,
      "llama_slug": "variational",
      "stale": false,
      "curated": true
    },
    {
      "slug": "dreamcash",
      "name": "Dreamcash",
      "url": "https://dreamcash.xyz/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Dreamcash XP",
        "season": "Season 1",
        "status": "active",
        "cadence": "Weekly, every Thursday",
        "pool": "150M XP per week",
        "conversion_stated": "partial",
        "conversion_note": "Docs: XP forms the basis for potential future reward distributions; terms say no token or airdrop is promised.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.dreamcash.xyz/season-1/overview",
        "https://dreamcash.xyz/terms-of-use"
      ],
      "evidence": [
        {
          "url": "https://docs.dreamcash.xyz/season-1/overview",
          "quote": "A fixed pool of 150M XP is distributed weekly every Thursday, pro rata based on relative trading volume. XP will form the basis for potential future reward distributions."
        },
        {
          "url": "https://docs.dreamcash.xyz/season-1/overview",
          "quote": "Users trading via the Hyperliquid frontend do not earn XP."
        }
      ],
      "notes": "Front end for Hyperliquid and its CASH HIP-3 markets. XP counts mobile-app volume at 1x and web or TreadFi volume at 0.5x. CASH HIP-3 traders also share a separate weekly USDT reward pool. Docs list restricted countries, including the US for HIP-3.",
      "checked_at": "2026-10-19",
      "trad_assets": "CASH HIP-3 markets (non-crypto underlyings) earn the separate weekly USDT rewards.",
      "drop": {
        "day": "Thu",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": null,
      "max_leverage": null,
      "desc_en": null,
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": true
    },
    {
      "slug": "jupiter-perps",
      "name": "Jupiter Perps",
      "url": "https://jup.ag/perps",
      "token": {
        "status": "live",
        "symbol": "JUP"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://jup.ag/perps",
          "quote": "Jupiter site loads with a Perps section. Official guide station.jup.ag: 'Maximum leverage 250x' (2026-10-18)."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-18",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Solana"
      ],
      "max_leverage": "250x",
      "desc_en": "Solana perpetuals built into Jupiter, backed by a shared liquidity pool.",
      "tvl_usd": 744994043.5177937,
      "llama_slug": "jupiter-perpetual-exchange",
      "stale": false,
      "curated": false
    },
    {
      "slug": "gmx",
      "name": "GMX",
      "url": "https://gmx.io/",
      "token": {
        "status": "live",
        "symbol": "GMX"
      },
      "program": {
        "name": "None (staking and fee rewards)",
        "season": "-",
        "status": "none",
        "cadence": "-",
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": "No points program documented; GMX token live.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.gmx.io/docs/tokenomics/rewards"
      ],
      "evidence": [
        {
          "url": "https://docs.gmx.io/docs/tokenomics/rewards",
          "quote": "Stakers now receive GMX directly through the buyback mechanism rather than esGMX."
        }
      ],
      "notes": "GMX uses staking and buyback rewards rather than an airdrop points program.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Arbitrum",
        "Avalanche",
        "Solana",
        "MegaETH"
      ],
      "max_leverage": "100x",
      "desc_en": "Oracle-priced liquidity-pool perpetuals with synthetic and spot markets on several chains.",
      "tvl_usd": 212994372.0203419,
      "llama_slug": "gmx-evm",
      "stale": false,
      "curated": true
    },
    {
      "slug": "hyperliquid",
      "name": "Hyperliquid",
      "url": "https://app.hyperliquid.xyz/",
      "token": {
        "status": "live",
        "symbol": "HYPE"
      },
      "program": {
        "name": "Hyperliquid Points",
        "season": "Closed alpha, Phase 1, L1 phase",
        "status": "ended",
        "cadence": "Weekly (while it ran)",
        "pool": "1,000,000 then 700,000 per week",
        "conversion_stated": "n/a",
        "conversion_note": "Program ended; HYPE is live.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://hyperliquid.gitbook.io/hyperliquid-docs/points"
      ],
      "evidence": [
        {
          "url": "https://hyperliquid.gitbook.io/hyperliquid-docs/points",
          "quote": "The L1 phase of points began on May 29, 2024 and ended in November 2024. 700,000 points were distributed weekly."
        }
      ],
      "notes": "The first phase ran Nov 1, 2023 to May 1, 2024 at 1,000,000 points a week; the L1 phase ran May to November 2024. No current points program is documented.",
      "checked_at": "2026-10-19",
      "trad_assets": "HIP-3 markets (gold, FX, indices, stocks) exist; no points program covers them.",
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Hyperliquid"
      ],
      "max_leverage": "40x",
      "desc_en": "Order-book perpetuals exchange running on its own high-throughput Layer 1 chain.",
      "tvl_usd": 178923691.63649803,
      "llama_slug": "hyperliquid-hlp",
      "stale": false,
      "curated": true
    },
    {
      "slug": "dydx-v4",
      "name": "dYdX V4",
      "url": "https://dydx.trade/",
      "token": {
        "status": "live",
        "symbol": "dYdX"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://dydx.trade/",
          "quote": "Site opens, titled 'Leading Decentralized Platform for Crypto Perpetual Trading'. Official site dydx.xyz: 'Up to 50x Leverage' (2026-10-18)."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-18",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "dYdX Chain"
      ],
      "max_leverage": "50x",
      "desc_en": "Decentralized order-book perpetuals exchange on its own Cosmos appchain.",
      "tvl_usd": 70019138.08131164,
      "llama_slug": "dydx-v4",
      "stale": false,
      "curated": false
    },
    {
      "slug": "apex",
      "name": "ApeX Omni",
      "url": "https://omni.apex.exchange/",
      "token": {
        "status": "live",
        "symbol": "APEX"
      },
      "program": {
        "name": "Ape Points",
        "season": "Season 1",
        "status": "ended",
        "cadence": "Weekly (while it ran)",
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": "Season 1 ended; a Season 2 was not documented in the docs index on the check date.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://apex-pro.gitbook.io/apex-pro/apex-omni/ape-season-1-ended"
      ],
      "evidence": [
        {
          "url": "https://apex-pro.gitbook.io/apex-pro/llms.txt",
          "quote": "Ape Season 1 (Ended)"
        }
      ],
      "notes": "Separate ApeX Social Points (mystery boxes) also exist; they are not an airdrop program.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Arbitrum",
        "Ethereum"
      ],
      "max_leverage": "100x",
      "desc_en": "Non-custodial perpetuals exchange with an order book, running across several chains.",
      "tvl_usd": 30875253.030045908,
      "llama_slug": "apex-omni",
      "stale": false,
      "curated": true
    },
    {
      "slug": "gmtrade",
      "name": "GMTrade",
      "url": "https://gmtrade.xyz/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://gmtrade.xyz/",
          "quote": "Site calls itself the leading RWA perp DEX on Solana with a Trade link."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Solana"
      ],
      "max_leverage": null,
      "desc_en": "Solana perpetual exchange focused on real-world assets, traded directly from your wallet.",
      "tvl_usd": 26687991.14220731,
      "llama_slug": "gmx-solana",
      "stale": false,
      "curated": false
    },
    {
      "slug": "phoenix",
      "name": "Phoenix",
      "url": "https://www.phoenix.trade/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://www.phoenix.trade/",
          "quote": "Page shows live SOL market data and Start Trading button, plus a region-restriction notice."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Solana"
      ],
      "max_leverage": "25x",
      "desc_en": "Order-book perpetuals exchange on Solana with cross margin, TP/SL and TWAP orders.",
      "tvl_usd": 23626157.642320048,
      "llama_slug": "phoenix-perp",
      "stale": false,
      "curated": false
    },
    {
      "slug": "veranta",
      "name": "Veranta (formerly Avantis)",
      "url": "https://www.veranta.xyz/",
      "token": {
        "status": "live",
        "symbol": "AVNT"
      },
      "program": {
        "name": "veranta XP",
        "season": "Seasons 1 to 3",
        "status": "ended",
        "cadence": "-",
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": "XP program marked ended; AVNT live.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.veranta.xyz/rewards/veranta-xp-ended"
      ],
      "evidence": [
        {
          "url": "https://docs.veranta.xyz/rewards/veranta-xp-ended",
          "quote": "veranta XP [Ended]"
        }
      ],
      "notes": "XP rewarded LPs and traders across seasons; the docs mark the program as ended.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Base"
      ],
      "max_leverage": null,
      "desc_en": "Zero-fee perpetuals on crypto and real-world markets, trading 24/5, on Base.",
      "tvl_usd": 11714058.721603233,
      "llama_slug": "veranta",
      "stale": false,
      "curated": true
    },
    {
      "slug": "moonlander",
      "name": "Moonlander",
      "url": "https://moonlander.trade/",
      "token": {
        "status": "live",
        "symbol": "MLP"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://moonlander.trade/",
          "quote": "Site shows long/short trading UI with market and limit orders; 1000x per press coverage"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Cronos"
      ],
      "max_leverage": "1000x",
      "desc_en": "Cronos perp exchange with a shared liquidity pool and Pyth-based pricing.",
      "tvl_usd": 10948197.480123045,
      "llama_slug": "moonlander",
      "stale": false,
      "curated": false
    },
    {
      "slug": "contango",
      "name": "Contango",
      "url": "https://contango.xyz",
      "token": {
        "status": "live",
        "symbol": "TANGO"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://contango.xyz",
          "quote": "Found in DefiLlama derivatives list (Contango V2, ~$11M TVL); site opens with Launch App and volume/OI stats; no explicit status label, so site-claim is 'appears live'."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Ethereum",
        "Arbitrum",
        "Base"
      ],
      "max_leverage": null,
      "desc_en": "Perp-like long/short positions built from flash-loan looping on lending markets, with low funding and no expiry.",
      "tvl_usd": 10622290.0900237,
      "llama_slug": "contango-v2",
      "stale": false,
      "curated": false
    },
    {
      "slug": "fulcrom-perps",
      "name": "Fulcrom Perps",
      "url": "https://fulcrom.finance/",
      "token": {
        "status": "live",
        "symbol": "FUL"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://fulcrom.finance/",
          "quote": "Site carries a LIVE label on its Trade section"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Cronos"
      ],
      "max_leverage": null,
      "desc_en": "Decentralized pool-based perpetual trading platform on Cronos.",
      "tvl_usd": 9586829.78622677,
      "llama_slug": "fulcrom-perps",
      "stale": false,
      "curated": false
    },
    {
      "slug": "gains",
      "name": "Gains Network (gTrade)",
      "url": "https://gains.trade/",
      "token": {
        "status": "live",
        "symbol": "GNS"
      },
      "program": {
        "name": "Gains Credits (fee-discount loyalty, not airdrop points)",
        "season": "-",
        "status": "none",
        "cadence": "Daily tier, 30-day window",
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": "Credits set fee discounts only; not convertible to tokens.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.gains.trade/loyalty-programs/gtrade-credits"
      ],
      "evidence": [
        {
          "url": "https://docs.gains.trade/loyalty-programs/gtrade-credits",
          "quote": "Gains Credits is a loyalty program that offers tiered fee discounts, letting you save more the more you trade."
        }
      ],
      "notes": "Credits per $1 volume vary by market (BTC/ETH 4, stocks 7, indices 5, gold 4, silver 5); tiers give 2.5% to 25% off opening and closing fees.",
      "checked_at": "2026-10-19",
      "trad_assets": "Gold, silver, indices and stock perps earn credits at listed rates (fee discount only).",
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Arbitrum",
        "Base",
        "Polygon"
      ],
      "max_leverage": "1000x",
      "desc_en": "gTrade lets users trade crypto, forex, stocks and commodities with synthetic, non-custodial leverage.",
      "tvl_usd": 8683775.300167797,
      "llama_slug": "gains-network",
      "stale": false,
      "curated": true
    },
    {
      "slug": "bulk",
      "name": "BULK",
      "url": "https://bulk.trade/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://bulk.trade/",
          "quote": "Found via 2026 Solana perps search; homepage shows live BTC-USD ticker, TVL stats and up to 40x leverage."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Solana"
      ],
      "max_leverage": "40x",
      "desc_en": "Permissionless perpetuals exchange on a leaderless validator network with portfolio margin and fast block times.",
      "tvl_usd": 8191138.395660507,
      "llama_slug": "bulk",
      "stale": false,
      "curated": false
    },
    {
      "slug": "storm-trade",
      "name": "Storm Trade",
      "url": "https://storm.tg/",
      "token": {
        "status": "live",
        "symbol": "STORM"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://storm.tg/",
          "quote": "Site shows live prices and volume; perps on crypto, stocks, forex, commodities via web and Telegram"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "TON"
      ],
      "max_leverage": null,
      "desc_en": "Perp exchange on TON with a Telegram bot, covering crypto, stocks, forex and commodities.",
      "tvl_usd": 4270367.424808886,
      "llama_slug": "storm-trade",
      "stale": false,
      "curated": false
    },
    {
      "slug": "ostium",
      "name": "Ostium",
      "url": "https://app.ostium.com/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "Ostium Points",
        "season": "Season 2 (reported)",
        "status": "unverified",
        "cadence": "Weekly (reported)",
        "pool": null,
        "conversion_stated": "no",
        "conversion_note": "Official points page could not be loaded on the check date; shown as unverified.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.ostium.com/"
      ],
      "evidence": [
        {
          "url": "https://www.ostium.com/blog/introducing-the-ostium-points-program",
          "quote": "(HTTP 404 on 2026-10-19; the docs index lists no points page)"
        }
      ],
      "notes": "Third-party sources describe a points program with weekly boosts, but we could not confirm it from an official page today.",
      "checked_at": "2026-10-19",
      "trad_assets": "Ostium specializes in FX, metals, indices and stock perps.",
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Arbitrum"
      ],
      "max_leverage": "200x",
      "desc_en": "Onchain perpetuals for equity indices, forex, commodities and crypto.",
      "tvl_usd": 4112548.900986721,
      "llama_slug": "ostium",
      "stale": false,
      "curated": true
    },
    {
      "slug": "evedex",
      "name": "Evedex",
      "url": "https://evedex.com/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://evedex.com/",
          "quote": "invite.evedex.com redirects to evedex.com; recent third-party data lists 52 perp markets"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Arbitrum"
      ],
      "max_leverage": null,
      "desc_en": "Hybrid perp exchange with off-chain order book, on-chain settlement and gasless trading.",
      "tvl_usd": 3622826.9375446998,
      "llama_slug": "evedex",
      "stale": false,
      "curated": false
    },
    {
      "slug": "synfutures-v3",
      "name": "SynFutures V3",
      "url": "https://app.synfutures.com/",
      "token": {
        "status": "live",
        "symbol": "F"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://app.synfutures.com/",
          "quote": "trade.synfutures.com 301-redirects to app.synfutures.com, which serves the trading app"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Base"
      ],
      "max_leverage": null,
      "desc_en": "Permissionless derivatives protocol where anyone can list perpetual markets on an on-chain AMM.",
      "tvl_usd": 2823104.7573877787,
      "llama_slug": "synfutures-v3",
      "stale": false,
      "curated": false
    },
    {
      "slug": "strike-finance",
      "name": "Strike Finance",
      "url": "https://www.strikefinance.org/",
      "token": {
        "status": "live",
        "symbol": "STRIKE"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://www.strikefinance.org/",
          "quote": "Site has Launch App link and reported trading volume"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Cardano"
      ],
      "max_leverage": null,
      "desc_en": "Cardano-native decentralized perpetuals platform usable from desktop and mobile wallets.",
      "tvl_usd": 2440970.693650995,
      "llama_slug": "strike-finance-perpetuals",
      "stale": false,
      "curated": false
    },
    {
      "slug": "dipcoin-perps",
      "name": "DipCoin Perps",
      "url": "https://www.dipcoin.io/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://www.dipcoin.io/",
          "quote": "Site describes itself as a DEX on Sui; perps and 20x taken from prior list, not shown on landing page"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Sui"
      ],
      "max_leverage": "20x",
      "desc_en": "Sui-based decentralized exchange with a perpetuals product.",
      "tvl_usd": 1845094.2711455359,
      "llama_slug": "dipcoin-perps",
      "stale": false,
      "curated": false
    },
    {
      "slug": "bluefin-pro",
      "name": "Bluefin Pro",
      "url": "https://bluefin.io/",
      "token": {
        "status": "live",
        "symbol": "BLUE"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://bluefin.io/",
          "quote": "Site links to live BTC-PERP trading interface; claims sub-390ms latency Official docs (learn.bluefin.io): perps 'up to 20x leverage' (2026-10-18)."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-18",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Sui"
      ],
      "max_leverage": "20x",
      "desc_en": "Sui-native order-book exchange for perpetuals and spot, aimed at low-latency trading.",
      "tvl_usd": 1610647.6134080328,
      "llama_slug": "bluefin-pro",
      "stale": false,
      "curated": false
    },
    {
      "slug": "elfi-protocol",
      "name": "ELFi Protocol",
      "url": "https://www.elfi.xyz/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://www.elfi.xyz/",
          "quote": "app.elfi.xyz redirects to www.elfi.xyz; 2025 reports and DefiLlama show active trading"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Arbitrum",
        "Base"
      ],
      "max_leverage": "1000x",
      "desc_en": "Pool-backed perp exchange with multi-asset margin and many quickly listed markets.",
      "tvl_usd": 1510136.5980443996,
      "llama_slug": "elfi-protocol",
      "stale": false,
      "curated": false
    },
    {
      "slug": "synthetix-perps-base",
      "name": "Synthetix Perps (Base)",
      "url": "https://synthetix.io/",
      "token": {
        "status": "live",
        "symbol": "SNX"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://synthetix.io/",
          "quote": "Site says perps are now live on Ethereum mainnet with up to 50x cross margin (older Base deployment not mentioned)."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Ethereum"
      ],
      "max_leverage": "50x",
      "desc_en": "Onchain-settled order-book perpetuals on Ethereum mainnet with ETH and USDT margin.",
      "tvl_usd": 883498.717102723,
      "llama_slug": "synthetix-v4",
      "stale": false,
      "curated": false
    },
    {
      "slug": "monday-trade-perps",
      "name": "Monday Trade Perps",
      "url": "https://app.monday.trade/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://app.monday.trade/",
          "quote": "Site opens; page title advertises 'Trade Perps, Spot & RWAs'."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Monad"
      ],
      "max_leverage": null,
      "desc_en": "Monad-based trading app offering perps, spot and RWA markets.",
      "tvl_usd": 580009.4396261683,
      "llama_slug": "monday-trade-perps",
      "stale": false,
      "curated": false
    },
    {
      "slug": "vest-markets",
      "name": "Vest Markets",
      "url": "https://trade.vestmarkets.com/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://trade.vestmarkets.com/",
          "quote": "Site opens as Vest Markets; Alchemy listing reports multi-chain perps up to 100x"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Arbitrum",
        "BNB Chain",
        "Base"
      ],
      "max_leverage": "100x",
      "desc_en": "Multi-chain perpetual exchange with cross-margin and a funded-trader programme.",
      "tvl_usd": 320969.1161782341,
      "llama_slug": "vest-markets",
      "stale": false,
      "curated": false
    },
    {
      "slug": "astros-perp",
      "name": "Astros Perp",
      "url": "https://astros.ag/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://astros.ag/",
          "quote": "Site shows Trade Now perp link and volume stats; leverage claimed 20x in headline, 50x elsewhere"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Sui"
      ],
      "max_leverage": "50x",
      "desc_en": "Sui perpetual exchange and DEX aggregator with lending-backed liquidity.",
      "tvl_usd": 288887.28183098685,
      "llama_slug": "astros-perp",
      "stale": false,
      "curated": false
    },
    {
      "slug": "flashtrade",
      "name": "FlashTrade",
      "url": "https://www.flash.trade/",
      "token": {
        "status": "live",
        "symbol": "FAF"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://www.flash.trade/",
          "quote": "Site open with Perpetuals/Swap/Earn nav on mainnet-beta; price feed showed Down at fetch time. Official docs: 'trade with up to 500x leverage' (2026-10-18)."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-18",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Solana"
      ],
      "max_leverage": "500x",
      "desc_en": "Solana perpetuals and swap platform with pooled liquidity and oracle pricing.",
      "tvl_usd": 218915.9416584755,
      "llama_slug": "flashtrade",
      "stale": false,
      "curated": false
    },
    {
      "slug": "typus-perps",
      "name": "Typus Perps",
      "url": "https://typus.finance",
      "token": {
        "status": "live",
        "symbol": "TYPUS"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://typus.finance",
          "quote": "Found in DefiLlama derivatives list (Typus Perp, Sui); site shows 'Typus Perps relaunch' and says it operates on mainnet."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Sui"
      ],
      "max_leverage": null,
      "desc_en": "Perpetual contracts from Typus Finance on Sui, relaunched on mainnet after an earlier version.",
      "tvl_usd": 6244.125791034801,
      "llama_slug": "typus-perp",
      "stale": false,
      "curated": false
    },
    {
      "slug": "aark-digital",
      "name": "Aark Digital",
      "url": "https://app.aark.digital/",
      "token": {
        "status": "live",
        "symbol": "AARK"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://app.aark.digital/",
          "quote": "Page title advertises perpetuals with 1000x leverage; no sunset notice seen (page content minimal)."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Arbitrum"
      ],
      "max_leverage": "1000x",
      "desc_en": "Perp exchange advertising extreme leverage up to 1000x.",
      "tvl_usd": 0,
      "llama_slug": "aark-digital",
      "stale": false,
      "curated": false
    },
    {
      "slug": "helix-perp",
      "name": "Helix Perp",
      "url": "https://helixapp.com/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://helixapp.com/",
          "quote": "Site titled as a spot and derivatives DEX; Injective order-book front end"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Injective"
      ],
      "max_leverage": null,
      "desc_en": "Injective order-book exchange for spot and derivatives trading.",
      "tvl_usd": 0,
      "llama_slug": "helix-perp",
      "stale": false,
      "curated": false
    },
    {
      "slug": "zeta-markets",
      "name": "Zeta Markets",
      "url": "https://www.zeta.markets/",
      "token": {
        "status": "live",
        "symbol": "ZEX"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://www.zeta.markets/",
          "quote": "Site advertises up to 100x leverage and a Start Trading app; market stats appeared as zeros, Bullet is its successor network."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Solana"
      ],
      "max_leverage": "100x",
      "desc_en": "Solana perp exchange with order-book markets, now tied to the Bullet network.",
      "tvl_usd": 0,
      "llama_slug": "zeta",
      "stale": false,
      "curated": false
    },
    {
      "slug": "01-exchange",
      "name": "01 Exchange",
      "url": "https://01.xyz/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://01.xyz/",
          "quote": "Site rate-limited (429); N1 docs describe 01.xyz as its native perp exchange after the 2025 rebrand from Nord."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Solana",
        "N1"
      ],
      "max_leverage": null,
      "desc_en": "Perpetual futures exchange built into the N1 ecosystem, funded via Solana and other chains.",
      "tvl_usd": null,
      "llama_slug": "01-exchange",
      "stale": false,
      "curated": false
    },
    {
      "slug": "adrena",
      "name": "Adrena",
      "url": "https://www.adrena.xyz/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://www.adrena.xyz/",
          "quote": "Found via Solana perps search; homepage has Trade now CTA and states up to 100x leverage."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Solana"
      ],
      "max_leverage": "100x",
      "desc_en": "Solana perpetuals DEX with oracle-priced fills, no spread or slippage, and shared fee revenue.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": false
    },
    {
      "slug": "aftermath-perpetuals",
      "name": "Aftermath Perpetuals",
      "url": "https://aftermath.finance/perpetuals",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://aftermath.finance/perpetuals",
          "quote": "Found via Sui perps search; perps page shows live BTC-USDC market data and 25x max, trading geo-blocked for some regions."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Sui"
      ],
      "max_leverage": "25x",
      "desc_en": "USDC-margined perpetual futures on Sui's on-chain order book, from Aftermath Finance.",
      "tvl_usd": null,
      "llama_slug": "aftermath-perps",
      "stale": false,
      "curated": false
    },
    {
      "slug": "baseperp",
      "name": "BasePerp",
      "url": "https://baseperp.org/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://baseperp.org/",
          "quote": "Roadmap shows closed testing 2026, public testnet Q3-Q4 2026 and mainnet Q1 2027."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Base"
      ],
      "max_leverage": "100x",
      "desc_en": "Base-native perp DEX with zero trading fees and senior/junior liquidity tranches, pre-mainnet.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": false
    },
    {
      "slug": "edgex",
      "name": "edgeX",
      "url": "https://pro.edgex.exchange/",
      "token": {
        "status": "live",
        "symbol": "EDGE"
      },
      "program": {
        "name": "XP",
        "season": "Pre-TGE Season",
        "status": "ended",
        "cadence": "Weekly until TGE",
        "pool": "Up to 5% of EDGE supply",
        "conversion_stated": "yes",
        "conversion_note": "Up to 5% of supply allocated to the Pre-TGE Season; the season concludes before TGE (latest March 31, 2026).",
        "start": null,
        "end": null
      },
      "docs": [
        "https://edgex-1.gitbook.io/edgeX-documentation/community/edge",
        "https://edgexhelp.zendesk.com/hc/en-001/articles/15167586880271-XP-Pre-TGE-Season"
      ],
      "evidence": [
        {
          "url": "https://edgex-1.gitbook.io/edgeX-documentation/community/edge",
          "quote": "Early Users: 30% ( 25.0% to the genesis distribution & 5% to the Pre TGE Season )"
        }
      ],
      "notes": "The Pre-TGE XP season was timed to end before TGE. No newer points season was found in the docs on the check date.",
      "checked_at": "2026-10-19",
      "trad_assets": "edgeX lists gold, EUR and stock perps.",
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Ethereum",
        "StarkEx"
      ],
      "max_leverage": null,
      "desc_en": "Order-book perpetual futures exchange with a pro trading interface settled via StarkEx.",
      "tvl_usd": null,
      "llama_slug": "edgex-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "gate-dex",
      "name": "Gate DEX",
      "url": "https://www.gatedex.com/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://www.gatedex.com/",
          "quote": "Site opens with perpetuals, spot, swap and prediction sections"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Gate Layer"
      ],
      "max_leverage": null,
      "desc_en": "On-chain trading hub from Gate offering perpetuals, swaps and spot markets.",
      "tvl_usd": null,
      "llama_slug": "gate-perp",
      "stale": false,
      "curated": false
    },
    {
      "slug": "grvt",
      "name": "GRVT",
      "url": "https://grvt.io/",
      "token": {
        "status": "live",
        "symbol": "GRVT"
      },
      "program": {
        "name": "Grvt Rewards",
        "season": "Season 2.0",
        "status": "unclear",
        "cadence": "Weekly, pool scales with exchange volume",
        "pool": "e.g. 100K points at $2B weekly volume, 125K at $4B",
        "conversion_stated": "partial",
        "conversion_note": "Season 2.0 article says points set your airdrop share at TGE; TGE registration closed 6 Aug 2026. What points earned after TGE become is not stated.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://help.grvt.io/en/articles/12332040-live-rewards-season-2-0",
        "https://help.grvt.io/en/articles/16143304-how-to-receive-and-manage-your-grvt-airdrop"
      ],
      "evidence": [
        {
          "url": "https://help.grvt.io/en/articles/12332040-live-rewards-season-2-0",
          "quote": "When TGE (token launch) happens, you'll get your share of the airdrop based on the points you've earned."
        },
        {
          "url": "https://help.grvt.io/en/articles/16143304-how-to-receive-and-manage-your-grvt-airdrop",
          "quote": "Registration deadline: 6 Aug 2026, 00:00:00 UTC"
        }
      ],
      "notes": "The help centre still labels Season 2.0 as live, while the airdrop article describes the completed TGE registration. Listed as unclear until the venue states what happens after TGE.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": {
        "day": "Weekly",
        "time": null
      },
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "ZKsync",
        "Ethereum"
      ],
      "max_leverage": null,
      "desc_en": "Hybrid exchange on a zk validium offering perps and options with self-custody.",
      "tvl_usd": null,
      "llama_slug": "grvt-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "kinetiq-markets",
      "name": "Markets by Kinetiq",
      "url": "https://markets.xyz/",
      "token": {
        "status": "live",
        "symbol": "KNTQ"
      },
      "program": {
        "name": "kPoints (stopped); in-app XP/Gems levels",
        "season": "-",
        "status": "ended",
        "cadence": "-",
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": "kPoints distributions stopped; the Markets app XP/Gems ladder gives perks and fee discounts, not a stated token conversion.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://kinetiq.xyz/docs/kpoints",
        "https://markets.xyz/docs"
      ],
      "evidence": [
        {
          "url": "https://kinetiq.xyz/docs/kpoints",
          "quote": "Kpoints distributions have stopped."
        }
      ],
      "notes": "HIP-3 venue on Hyperliquid for equity, index, FX, commodity and bond perps, trading 24/7. KNTQ is live. No active airdrop points program is documented.",
      "checked_at": "2026-10-19",
      "trad_assets": "HIP-3 equity, index, FX and commodity perps.",
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "Hyperliquid"
      ],
      "max_leverage": null,
      "desc_en": "24/7 market for stocks, commodities and crypto perps, settled on Hyperliquid.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": true
    },
    {
      "slug": "kodiak-v3",
      "name": "Kodiak V3",
      "url": "https://app.kodiak.finance/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://app.kodiak.finance/",
          "quote": "Official docs describe live Kodiak Perps, up to 100x, on Orderly liquidity."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Berachain"
      ],
      "max_leverage": "100x",
      "desc_en": "Berachain DEX whose perps product routes into Orderly's shared order book.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": false
    },
    {
      "slug": "pancakeswap-perps",
      "name": "PancakeSwap Perps",
      "url": "https://perp.pancakeswap.finance/",
      "token": {
        "status": "live",
        "symbol": "CAKE"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://perp.pancakeswap.finance/",
          "quote": "May 2026 reports: PancakeSwap launched order-book perps (Aster-powered), up to 200x in Simple Mode; site returned 403"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "BNB Chain"
      ],
      "max_leverage": "200x",
      "desc_en": "Perpetuals product inside PancakeSwap, now with an order book backend and cross or isolated margin.",
      "tvl_usd": null,
      "llama_slug": "pancakeswap-perps",
      "stale": false,
      "curated": false
    },
    {
      "slug": "pear-protocol",
      "name": "Pear Protocol",
      "url": "https://pear.garden/",
      "token": {
        "status": "live",
        "symbol": "PEAR"
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://pear.garden/",
          "quote": "Site shows All systems operational and Start Trading app."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Hyperliquid",
        "Arbitrum"
      ],
      "max_leverage": "100x",
      "desc_en": "One-click pair and basket trading, going long one asset against another, executed on Hyperliquid.",
      "tvl_usd": null,
      "llama_slug": "pear-perps",
      "stale": false,
      "curated": false
    },
    {
      "slug": "pendle-boros",
      "name": "Pendle Boros",
      "url": "https://boros.pendle.finance/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://boros.pendle.finance/",
          "quote": "Page title only; press and search confirm Boros launched on Arbitrum trading funding rates."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Arbitrum"
      ],
      "max_leverage": null,
      "desc_en": "Pendle's market for trading perp funding rates through yield units.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": false
    },
    {
      "slug": "polynomial",
      "name": "Polynomial",
      "url": "https://www.polynomial.fi/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://www.polynomial.fi/",
          "quote": "Site describes a perps exchange on its own Ethereum L2; no sunset notice seen (page partially read). Official docs: 'Maximum leverage: 50x' (2026-10-18)."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-18",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Polynomial Chain"
      ],
      "max_leverage": "50x",
      "desc_en": "Perps exchange running on its own Ethereum Layer 2.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": false
    },
    {
      "slug": "raydium-perps",
      "name": "Raydium Perps",
      "url": "https://perps.raydium.io/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://perps.raydium.io/",
          "quote": "Raydium docs describe a live white-labeled Orderly deployment with up to 100x; page itself was minimal."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Solana"
      ],
      "max_leverage": "100x",
      "desc_en": "Raydium's perpetuals front-end on Solana, running on Orderly Network's order book.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": false
    },
    {
      "slug": "rho-x",
      "name": "Rho X",
      "url": "https://x.rho.trading/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://x.rho.trading/",
          "quote": "Site presents funding-rate and rates futures trading; DefiLlama lists TVL"
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Arbitrum"
      ],
      "max_leverage": null,
      "desc_en": "Trading venue for funding-rate futures, letting perp traders lock in or hedge rates.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": false
    },
    {
      "slug": "sodex",
      "name": "SoDEX",
      "url": "https://sodex.com/",
      "token": {
        "status": "live",
        "symbol": "SOSO"
      },
      "program": {
        "name": "SoPoints",
        "season": "Season 1",
        "status": "ended",
        "cadence": "Weekly; snapshot Saturday 00:00 UTC, distribution Tuesday 12:00 UTC",
        "pool": "1,000,000 per week",
        "conversion_stated": "yes",
        "conversion_note": "Docs: SoPoints directly determine allocation weight in the future $SOSO airdrop (no ratio).",
        "start": "2026-02-01",
        "end": "2026-08-01"
      },
      "docs": [
        "https://sodex.com/documentation/sopoints/overview",
        "https://sodex.com/documentation/sopoints/season-1"
      ],
      "evidence": [
        {
          "url": "https://sodex.com/documentation/sopoints/overview",
          "quote": "They will directly determine your allocation weight in the future $SOSO token airdrop."
        },
        {
          "url": "https://sodex.com/documentation/sopoints/season-1",
          "quote": "End: August 1, 2026 at 00:00 (UTC)"
        }
      ],
      "notes": "Season 1 ran Feb 1 to Aug 1, 2026; a next season was not documented on the check date. Earn by trading, referrals (+25%) and selected vaults.",
      "checked_at": "2026-10-19",
      "trad_assets": "SoDEX lists stock, gold and silver perps.",
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": [
        "ValueChain"
      ],
      "max_leverage": null,
      "desc_en": "SoSoValue-incubated exchange with on-chain matching for spot and perpetuals on ValueChain.",
      "tvl_usd": null,
      "llama_slug": "sodex-perps",
      "stale": false,
      "curated": true
    },
    {
      "slug": "trade-xyz",
      "name": "trade.xyz",
      "url": "https://app.trade.xyz/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://app.trade.xyz/",
          "quote": "App loads; probe 200; HIP-3 deployer on Hyperliquid. Official docs: max leverage varies from 3x to 40x by asset (2026-10-18)."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-18",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Hyperliquid"
      ],
      "max_leverage": "40x",
      "desc_en": "Hyperliquid-based perpetual markets for stocks, commodities and other real-world assets.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": false
    },
    {
      "slug": "world-markets-inc-perps",
      "name": "World Markets Inc Perps",
      "url": "https://world.inc/",
      "token": {
        "status": "unknown",
        "symbol": null
      },
      "program": {
        "name": null,
        "season": null,
        "status": "none-known",
        "cadence": null,
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": null,
        "start": null,
        "end": null
      },
      "docs": [],
      "evidence": [
        {
          "url": "https://world.inc/",
          "quote": "Site (redirects to about.world.inc) shows 'Trade Coming Soon' though perp listings are displayed."
        }
      ],
      "notes": "",
      "checked_at": "2026-10-14",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "atlas+defillama",
      "chains": [
        "Ethereum"
      ],
      "max_leverage": null,
      "desc_en": "Cross-margined spot, perps and lending account with tokenized equities and commodities; trading not yet open.",
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": false
    },
    {
      "slug": "hyena",
      "name": "HyENA",
      "url": "https://docs.hyena.trade/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "HyENA Points",
        "season": "Six-month program",
        "status": "ended",
        "cadence": "Weekly (while it ran)",
        "pool": "100,000,000 per week (24 epochs)",
        "conversion_stated": "n/a",
        "conversion_note": "Program concluded; no snapshot, conversion or distribution; no token planned.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.hyena.trade/"
      ],
      "evidence": [
        {
          "url": "https://docs.hyena.trade/",
          "quote": "The HyENA points programme concluded prior to the wind-down. No final snapshot, conversion ratio, or distribution applies."
        }
      ],
      "notes": "HIP-3 venue (USDe margin) that sunset in late August 2026; markets were delisted Aug 31 to Sep 2, 2026. Docs say no HyENA token has been launched and none is planned.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": null,
      "max_leverage": null,
      "desc_en": null,
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": true
    },
    {
      "slug": "entropy",
      "name": "Entropy",
      "url": "https://entropy.io/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "None (fee rebates paid in HYPE)",
        "season": "-",
        "status": "none",
        "cadence": "Bi-weekly rebate distributions",
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": "No points program documented; rebates and referral rewards are paid in HYPE.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.entropy.io/about-entropy/referrals"
      ],
      "evidence": [
        {
          "url": "https://docs.entropy.io/about-entropy/referrals",
          "quote": "Rewards are claimable from your Entropy profile page. The minimum threshold to withdraw is $5. Distributions occur bi-weekly."
        }
      ],
      "notes": "HIP-3 deployer (ticker io) for equities, commodities, indices and pre-IPO perps. Its program is a fee rebate on Entropy's share of the HIP-3 fee, not airdrop points.",
      "checked_at": "2026-10-19",
      "trad_assets": "HIP-3 equity, commodity, index and pre-IPO perps.",
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": null,
      "max_leverage": null,
      "desc_en": null,
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": true
    },
    {
      "slug": "paragon",
      "name": "Paragon",
      "url": "https://docs.paragon.trade/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "None documented",
        "season": "-",
        "status": "none",
        "cadence": "-",
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": "No points or airdrop program in the official trading docs.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.paragon.trade/resources/faq"
      ],
      "evidence": [
        {
          "url": "https://docs.paragon.trade/resources/faq",
          "quote": "(FAQ covers markets, leverage, fees and funding; no points or airdrop program is described.)"
        }
      ],
      "notes": "HIP-3 deployer (para) listing crypto index perps (BTC.D, TOTAL2, OTHERS) and single-name equities on Hyperliquid.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": null,
      "max_leverage": null,
      "desc_en": null,
      "tvl_usd": null,
      "llama_slug": null,
      "stale": false,
      "curated": true
    },
    {
      "slug": "qfex",
      "name": "QFEX",
      "url": "https://qfex.com/",
      "token": {
        "status": "none",
        "symbol": null
      },
      "program": {
        "name": "None documented",
        "season": "-",
        "status": "none",
        "cadence": "-",
        "pool": null,
        "conversion_stated": "n/a",
        "conversion_note": "Docs index lists fees, funding, referrals and builder codes; no points program.",
        "start": null,
        "end": null
      },
      "docs": [
        "https://docs.qfex.com/llms.txt"
      ],
      "evidence": [
        {
          "url": "https://docs.qfex.com/llms.txt",
          "quote": "(Docs index lists no points or airdrop page on 2026-10-19.)"
        }
      ],
      "notes": "Some third-party posts mention QFEX points; the official docs do not.",
      "checked_at": "2026-10-19",
      "trad_assets": null,
      "drop": null,
      "featured": false,
      "disclosure": null,
      "source": "curated",
      "chains": null,
      "max_leverage": null,
      "desc_en": null,
      "tvl_usd": null,
      "llama_slug": "qfex",
      "stale": false,
      "curated": true
    }
  ]
}