Docs
Protocol mechanics, fee schedule, and risk disclosures.
Overview
A perpetual futures venue for CS2 skin price exposure on Solana. Real USDC collateral, leveraged trading up to 25x.
Trade skin prices, not the skins — no inventory, no trade holds, no Steam trade links.
Fee structure
Open position fee: 5% of notional. Close position fee: 5% of notional.
Profit is capped at 300% ROE per position.
Holders of 100k+ tokens get a 10% fee discount on perps.
Position limits
Minimum $1 USDC collateral to open a position.
Maximum 5 open positions per wallet at a time.
Isolated margin only — each position has its own collateral and liquidation price.
Liquidation mechanics
Isolated margin. For longs: liq ≈ entry × (1 − 0.95 / leverage). For shorts: liq ≈ entry × (1 + 0.95 / leverage).
The lending desk liquidates at 85% LTV — escrowed skin may be sold to cover the loan.
Oracle & price feeds
Aggregates Buff163 / CSFloat ask prices by market_hash_name.
Keeper applies adaptive EWMA to reduce noise and manipulation spikes.
Oracle loop ~5 minutes. (configurable via PRICE_INTERVAL_MS).
Skin lending mechanics
Manual escrow desk — real skins in verified Steam custody, USDC disbursed on Solana.
Minimum 72h token hold before first request. Up to 68.5% of oracle market value per skin.
1 active loan per wallet, 1 request per 24 hours. Desk liquidity cap: $5,000 USDC total deployed.
USDC is typically sent within a few hours during business hours — not instant on-chain settlement.
Token tiers
100k+ — Perps holder: 10% fee discount on perps
250k+ — Borrower tier: $500 max per loan
1M+ — Priority tier: $1,000 max per loan
5M+ — Desk whale tier: $2,500 max per loan
Custody model
Non-custodial. Your USDC sits in on-chain program accounts controlled by the Anchor program's rules, and every deposit, trade, and withdrawal is a transaction you sign in Phantom.
Risk disclosure
This is live software on Solana mainnet with real USDC. Smart contract risk, oracle manipulation, liquidity constraints, and software defects can result in total loss of collateral. Not offered to US persons. Trade only what you can afford to lose.
