We’re excited to announce the beta release of MasterDEX Perp DEX, now live and available for users to explore: https://masterdex.xyz/perp
MasterDEX Perp DEX enables users to trade perpetual contracts in a decentralized, non-custodial environment on the Base blockchain, using USDC as collateral. This beta launch focuses on validating core trading functionality, performance, and overall user experience.
Network Information
MasterDEX Perp DEX is currently deployed on the Base blockchain.
- Please ensure your wallet is connected to the Base network before interacting with the platform
- USDC on Base is required for deposits and trading
Getting Started
Deposit
To begin trading on MasterDEX Perp DEX:
- Connect your wallet
- Approve USDC in your wallet
- Deposit USDC to use as trading collateral
Important notes:
- Maximum deposit limit during beta: $100
Deposited USDC is used exclusively as trading collateral
Available Markets
You can open LONG or SHORT positions on the following perpetual markets:
- BTC-USD
- ETH-USD
- SOL-USD
Trading rules:Only one open position per market is allowed at any time
Trading Fees
MasterDEX Perp DEX follows a simple and transparent fee structure:
- 0.1% fee when opening a trade
- 0.1% fee when closing a trade
All fees are automatically deducted from your available balance.
Settlement & Pricing
- Trades are settled using on-chain price oracles
- Oracle prices are protected against large deviations to enhance fairness
- PnL (Profit and Loss) is calculated automatically when a position is closed
This ensures transparent and reliable trade settlement directly on-chain.
Withdrawals
- Withdrawals are disabled while any position remains open
After closing all open positions, users can withdraw their remaining USDC balance
Beta Disclaimer
This release is a beta version with capped limits and controlled access. Users may experience ongoing improvements, refinements, and changes based on feedback and system performance.
We encourage users to:
- Test the platform
- Explore trading features
- Share feedback and report issues
Your input will directly help shape future enhancements.
What’s Next
Following the beta launch, the MasterDEX team will:
- Monitor platform performance and stability
- Analyze user behavior and trading activity
- Collect feedback via surveys and community channels
- Roll out incremental updates and feature improvements
Stay tuned as we continue to expand markets, optimize performance, and enhance the trading experience.
Start trading today: https://masterdex.xyz/perp
