How it works

Market Makers
Market Makers provide liquidity for the SakePerp system as well as earn rewards for the protocol development. In the meantime, MMs will take the risk of the price difference between oracle price and AMM price.

Traders
Traders can easily take a long or short position with max 15x leverage.

The Liquidator
The liquidator will earn a certain percentage of the user’s remaining position margin as the liquidation service charge. Liquidation occurs when the trader’s position margin falls below the maintenance margin.

SAKE holders
SAKE holders can continue earning benefits from the 50% transaction fee to buy-back Sake and lock them as insurance funds.