RollDex

A Bitcoin-native derivatives venue on Bitlayer centred on perpetuals: the counterparty is a multi-asset pool called RLP holding USDT, USDC, BTC and cbBTC, and quotes aggregate prices from several exchanges to reduce liquidations caused by brief wicks. Swaps, a bridge and prediction markets round out the product line.

BTC and Bitcoin liquid staking tokens can serve as collateral so positions and staking yield run in parallel, with leverage split into a classic tier and a professional tier that multiplies into the hundreds. Selected for Bitlayer's developer accelerator in 2024, it keeps liquidation and funding settlement on-chain. The pool books each asset separately, exposure in one asset is borne by that asset's deposits, profit and loss amortise across shares, and haircuts and liquidation lines differ by asset, with swaps and the bridge drawing on one liquidity ledger.