How Priest works

A Monad launchpad where every new coin gets its own perpetual futures market. You can go long or short with leverage from the first minute, watch the creator live, and earn from trading fees if you launch.

No. Trades are signed from your own wallet and collateral moves directly into the market on-chain. Priest never holds your funds.

Primary markets are new launches priced on a virtual AMM curve — every trade moves the price. Markets that graduate get a spot pool with permanently locked liquidity (Uniswap v4) and become Secondary markets, priced from that pool's TWAP plus a premium that grows when one side gets crowded.

When your margin falls below the maintenance requirement at both the mark price and the index price. Requiring both means a single wick cannot liquidate you. Your liquidation price is shown on every position.

Every hour, the crowded side pays the other side. If most open interest is long, longs pay shorts, and the reverse. The current rate and countdown are shown in the trading header.

Each fee is split between the market creator, the insurance fund, and the protocol. The exact split is shown before you confirm a trade. Creators earn 25%, rising to 50% once their market does $100,000 volume in 30 days.

If a market's vault can't pay your full profit when you close, you receive what's available immediately and the rest is recorded on-chain. Claim it from your Portfolio once the vault has liquidity.