# Exolane

> Exolane is a non-custodial, decentralized perpetual futures trading protocol built on Arbitrum. It features capped funding rates (max 15% APR), transparent liquidation mechanics, and up to 10x leverage on major crypto assets.

## Key Facts

- Protocol type: Decentralized perpetual futures exchange (DEX)
- Blockchain: Arbitrum (Layer 2 on Ethereum)
- Collateral: USDC
- Max leverage: 10x (BTC, ETH), 5x (altcoins)
- Funding rate cap: 15% APR (enforced at smart contract level)
- Liquidation fee: 0% protocol fee
- Oracle: Pyth Network price feeds
- Custody: Non-custodial (user funds held in isolated smart contract escrow)
- Governance: No governance token; parameters are fixed at contract level
- Audits: Sherlock, Zellic (8 audits since 2023)
- Bug bounty: Program planned for critical vulnerabilities

## Supported Markets

- BTC/USD Perpetual — 10x leverage, 10% margin, 8% maintenance
- ETH/USD Perpetual — 10x leverage, 10% margin, 8% maintenance
- SOL/USD Perpetual — 5x leverage, 20% margin, 16% maintenance
- BNB/USD Perpetual — 5x leverage, 20% margin, 16% maintenance
- XRP/USD Perpetual — 5x leverage, 20% margin, 16% maintenance
- DOGE/USD Perpetual — 5x leverage, 20% margin, 16% maintenance
- XMR/USD Perpetual — 5x leverage, 20% margin, 16% maintenance
- AVAX/USD Perpetual — 5x leverage, 20% margin, 16% maintenance
- LINK/USD Perpetual — 5x leverage, 20% margin, 16% maintenance
- SUI/USD Perpetual — 5x leverage, 20% margin, 16% maintenance

## Fee Structure

- Taker fee: 0.02% for all markets
- Funding fee: 0%
- Interest fee: 10%
- Risk fee: 25%
- No deposit or withdrawal fees
- No protocol liquidation fee

## How It Works

1. Connect a wallet (supports all major Ethereum wallets via WalletConnect and Privy)
2. Deposit USDC as margin collateral
3. Open long or short perpetual positions on supported markets
4. Positions are settled on-chain with Pyth Network oracle price feeds
5. Funding rates are calculated hourly, capped at ±0.00171% per hour (15% APR)
6. Liquidation occurs when margin falls below maintenance requirement
7. Withdraw funds at any time — non-custodial design means only you control your assets

## Architecture

- Smart contracts deployed on Arbitrum One (Chain ID: 42161)
- Oracle: Pyth Network with 40-second staleness threshold
- Settlement: On-chain via keeper network
- Insurance fund covers socialized losses; ADL (Auto-Deleveraging) as last resort
- All contract parameters are immutable without contract migration

## Links

- [Exolane Trading App](https://exolane.com): Main trading interface
- [Documentation](https://docs.exolane.com): Technical documentation and guides
- [Terms of Service](https://exolane.com/terms): Legal terms
- [Privacy Policy](https://exolane.com/privacy): Privacy policy

## Social

- [Twitter/X](https://x.com/exolanedex): Official announcements and updates

## Optional

- [Arbitrum Explorer](https://arbiscan.io): Verify transactions on-chain
- [Pyth Network](https://pyth.network): Oracle price feed provider