406Course · Practitioner
Perpetuals and Derivatives
On-chain leverage.
On-chain leverage. Funding rates, oracle-based versus order-book perps, and the counterparty questions specific to on-chain venues.
- 01
Explain funding rates.
- 02
Read an oracle-based perpetual.
- 03
Assess counterparty risk on-chain.
Prerequisites
- — DEXs and AMMs.
Pacing
~3 hours.
- IModule
Perpetuals
The dominant derivative.
A Note from the Faculty
Funding rate is the mechanism perp traders most often ignore.