Synthetic perps on Elysium

Trade through glass.

One-click perps priced live from HyperCore. x1000 on every market. x10000 in Glass Mode, where a single basis point shatters the position.

Testnet trading competition opens with Elysium mainnet on November 9.

x1000

Every market, one click

x10000

Glass Mode, BTC first

Funding payments, order books to read

100–200 ms

Elysium block times

How it works

One click in. One click out.

No order book to read, no funding to track. Pick a direction, the price comes from HyperCore, and your PnL settles against a single liquidity vault.

Deposit USDC

Send USDC on Elysium straight to the contract. Gas is cheap, so there's no proxy wallet to set up.

Open in one click

Choose market, side, margin and leverage. A session key signs it and gas is sponsored. Session keys can trade, never withdraw.

Settle against the vault

Close whenever you want. Wins are paid from the vault. Losses flow into it, and mint $GLASS back to you.

Glass Mode

x10000. It breaks at one basis point.

Fixed stakes, BTC only at launch. Your stake is the whole margin and there's no buffer, so the position shatters the moment price moves 1 bp against you. Catch a 1% move the right way and you take 100× your stake, then it closes itself.

Pick a stake

Why BTC first: ETH's price tick is about 0.4 bp, so at x10000 a position would only survive two or three ticks. Glass Mode comes to ETH once simulations show it's fair.

Stake: $10
Notional at x10000: $100,000
Breaks at: 1 bp against you (≈ $8)
Max win, auto-closed at +1%: $1,000
Liquidation buffer: None

Example with BTC at $80,000. Stake tiers may change before launch.

Safety

Built for the day someone tries to move the price.

Synthetic perps live or die by their price. Glasstrade is designed so that pushing the price costs more than it could ever pay out.

Depth-weighted price

Entries and exits use a mid weighted by HyperCore order-book depth, not the thin top of book.

Size-aware haircut

The bigger the position, the more a gain on a tiny move is trimmed, so size can't farm noise.

Caps priced against attack cost

Open interest on each side stays below what it would cost to move the price on HyperCore.

Two-step execution

Orders are priced on a HyperCore block after the request, so latency bots can't trade on prices they already know.

Freshness and deviation checks

If the data is stale, or the mid drifts too far from the mark price, the trade is refused.

Anyone can liquidate

A keeper bounty keeps liquidations running even if our own keeper goes down.

External audit before any real-money launch. Admin actions sit behind a threshold multisig and a timelock.

$GLASS

Every broken position leaves shards.

$GLASS is minted to traders when they realize a loss, and that is the only way it's minted. Stake it to earn a share of trading fees in USDC, plus the vault's surplus above a cap.

$GLASS is non-transferable at launch. Token parameters may change before launch.

Starting supply. No premint, no presale.

Losses

The only thing that mints it, liquidations included.

USDC

What stakers are paid in. No lock-up.

Roadmap

Testnet first. Real money when it's ready.

Nov 9
Elysium mainnet
Waitlist and testnet trading competition. No real money yet.
November
Hardening
External audit, bug bounty, and tests against Elysium's HyperCore price feed.
Early Dec (est.)
x1000 goes live
BTC and ETH, with tight caps that open up gradually.
December
Glass Mode
x10000 on BTC, with capped stakes.
January
Expand
ETH in Glass Mode if simulations allow, new markets, builder codes for front-ends.

Dates after November 9 depend on Elysium shipping its HyperCore price module.

Get in before it breaks.

Join the waitlist for the testnet competition and first access to x1000 and Glass Mode.