Getting started

Introduction

Launch a token on a bonding curve, then connect its backing to a Decibel Perps strategy after graduation. Choose a market, direction and margin leverage. Trading demand and backing value both affect its price.

How it fits together

Before graduation, each newly launched token has a dedicated strategy holding USDC cash. LT is the accounting share of that backing. Buying and selling on the curve changes the token price; no perps position is opened in this stage.

At 8,000 USDC of real curve backing, graduation creates the token/LT pool, locks its LP assets and enables perps for that token’s strategy. An active keeper can then fund margin and open a position. Graduation itself does not mean a position has already filled.

01 · BondingUSDC cash backingNo perps position yet

02 · Graduation8,000 USDCPool created · LP locked

03 · Keeper70% margin / 30% cashOpens perps after checks

Pay with USDC, USDT or APT where supported. Funding routes convert to USDC; LT represents the strategy backing inside the protocol. Graduation enables perps; a confirmed fill establishes the actual position.

Find your way around

Explore a token, create your own, or look at the strategies behind them. Your profile contains created coins, holdings, creator rewards and redemption requests. Stats shows platform activity.

Explore tokensFind a token, open its chart and trade.Launch a tokenCreate a token with your market view.MarketsCompare the strategies behind tokens.VaultSee reserves and observed positions.Buyback and burnCheck confirmed APT burn records.CreatorsFind creators and open their profiles.

About Decipad

Independent project. Not affiliated with the Decibel team.