Elys Perpetual Trading 
 X ,Y A A

: Pool Assets

Design (Long “y” Asset)

Pool Health H (X ) x : Collateral

n : Leverage

Borrow + Create Synthetic Liability x L : Synth. Liability

X
Perp 
 P
Trader
x X L
: Pool Synth. Liability
A
x TP

x x
: Take Profit Liability
L
+
X
L TP : Pool Take Profit Liability

Perp 

x X P
y
L
: Custody Asset

x n .x
Position L L C

L
= ( - 1)
Y : Pool Custody Asset

X TP
L
x TP
L y
C
TP
C
: Take Profit Custody

Y TP : Pool Take Profit Custody

C

Take into Custody

y y
Y
=
C Swap Logic

y
C
C
y TP

Y A Y TP
C
C
Leverage LP Design 
 USDC Deposit
 X A
: USDC Deposit Pool
H (X )
(USDC Pool Deposit) Pool Health x : USDC Collateral

n : Leverage

Leverage 

Borrow + Create Synthetic Liability x L : USDC Liability

LP
x X A
X P
L
: USDC Pool Synth. Liability

x x
+ Y A
: Liquidity Pool
L
y : Custody LP Token
Leverage 
 x X P

Y
C

x n .x
LP Position L L : Custody LP Token Pool
Maximum 50%
 C
= ( - 1) of Pool Size
L

y y
Y C = Add Liquidity 

to Pool
y C
C

Y A
Take into Custody