Wallet-connected access
The wallet acts as the authorization layer for supported interactions.
PERPETUAL DEX
WALLET-FIRST / PERPS / SHARED LIQUIDITY
What is a perpetual DEX?
A perpetual DEX combines wallet-connected decentralized market access with perpetual derivative contracts. Traders can take long or short exposure in supported markets while remaining responsible for collateral, leverage, funding and liquidation risk.
WALLET-FIRSTPERPETUALSMARGIN RISK
PERPETUAL DEX BASICS
Decentralized access does not remove derivatives risk.
Wallet-connected access changes the account and custody model, but perpetual trading still involves market risk, collateral requirements, funding mechanics, execution risk and possible liquidation.
No fixed expiry
Perpetual contracts are designed without a fixed expiration date.
Directional exposure
Supported markets can provide long or short exposure.
Collateral supports positions
Leveraged positions require eligible margin under the market rules.
Holding costs can change
Funding may be paid or received depending on market conditions.
Forced closure is possible
Positions may be liquidated when margin requirements are not met.
WHAT TO REVIEW
Understand both the DEX model and the derivative.
ACCESS
Verify the wallet workflow.
DOMAINUse the official destination
Verify the domain before connecting a wallet.
APPROVALReview every wallet prompt
Never share a seed phrase or private key.
MARKETConfirm the contract
Check the selected pair or perpetual market.
RISK
Read the position details.
SIZETotal exposure
Position size matters together with leverage.
MARGINCollateral state
Know how losses affect available equity.
LIQUIDATIONForced-close risk
Review displayed liquidation information when available.
RELATED GUIDES
Learn the perpetual workflow end to end.
PERPETUAL DEX FAQ
Quick answers.
What is a perpetual DEX?+
It is a wallet-connected decentralized trading venue or interface for perpetual derivative markets.
Can perpetual DEX trading use leverage?+
Supported perpetual markets can involve leverage and margin, which can magnify losses.
Can positions be liquidated?+
Yes. Leveraged positions may be liquidated when margin requirements are no longer met.
WALLET-FIRST PERPS
Open HOODBTC Trade ↗Understand the derivative before opening the trade.
Review market, size, margin, leverage and liquidation information before submitting an order.