What is ET10-PERP?
ET10-PERP is a perpetual future on ET10, the fund-share token of the CyMetica AI MicroFund. Go long if you think the index rises or short if you think it falls — up to 3× leverage, with no expiry.
USDC-margined, isolated margin: each position is collateralised in USDC and its risk is ring-fenced — a liquidation can never cost you more than the margin you put up for that position.
Manipulation-resistant index: the mark is the median of recent ET10/USDC CLOB fills, not the last trade — and it fail-closes (the market halts rather than printing a thin-book wick) when fills are too few or stale.
Funding is exchanged hourly between longs and shorts to keep the perp tethered to the index. Reduce-only orders can only shrink a position; post-only limit orders are rejected if they would take liquidity.