Architecture Overview
Core Components
Perp Engine Layer — manages leveraged trades, margin balances, and liquidation logic in real time.
Liquidity Layer — dynamically allocates lender deposits to perpetual markets based on open interest.
Oracle Layer — hybrid price oracle combining Pyth + Switchboard + internal volatility feed.
Governance Layer — on-chain DAO system controlling parameters, listings, and upgrades.
Risk & Security Layer — independent contract system for monitoring exposure, slippage, and liquidation buffers.
Each layer is isolated for safety yet composable for interoperability with the broader Solana DeFi stack.
Last updated