Trade Perps
With a Thesis

Go long or short with leverage on Solana — and put the reason on-chain, in the same transaction as the position.

Open the app

Markets live on Perplo, priced on Solana

A position is a call. Say why.

Pick a side, pick the leverage, write the thesis. The position opens through the Perplo program and the thesis lands in the same transaction — so every call is on the record before the market answers it. Then the PnL grades it, in public.

Reading the registry…

A perp is only as honest as its price.

One ticker can mean many markets. Perplo prices each perp from the one you could actually trade.

Tokenized equities trade across different pools, venues and liquidity layers on Solana — each with its own price, depth, spread and fees. A perp is only as honest as the price it’s marked to.

Perplo reads them together, and marks to the one you could actually trade.

Pools
—
Venues
—
Widest spread
—
AAPLReading the chain…

Every verified perp, one row each.

connecting…
Ticker Mark Index Basis Pools Liquidity Pool fee

Mark is a real $100 USDC route from Jupiter into the issuer token, not a pool mid. Index is the underlying’s last exchange print. Tap a row to open every pool behind it — the Perplo program prices each perp from the deepest xStock/USDC pool on the list.

We verify the market, not just the ticker.

Several tokens can claim the same underlying — and many more just borrow the name. A market only becomes a Perplo perp when:

So the argument is about the call, not about whether the price was real.

Search Solana for
Reading the chain…

Live from Jupiter’s token index and a Solana RPC, in your browser.

Call it. Size it. Sign it.

Pick a market. Read the mark. Take a side and write why. One signature puts the position and the thesis on Solana.

01

Pick a market

Type a ticker. Look-alikes are filtered out before you ever see them.

TSLA-PERPVerified
TTSLARejected · no liquidity
TTESLARejected · not an issuer mint
TTSLACATRejected · not an issuer mint
02

Read the mark

Every pool next to the underlying, with depth and fee on the same line.

NVDA on Nasdaq—
03

Take a side, say why

Long or short up to 5× with USDC. The position and the thesis go on-chain in one transaction.

LongShort3×
Margin
500USDC
Thesis

Rates fall, duration wins, QQQ leads.

QQQ-PERP · mark —
Sign & post

Just perps, and the reason behind them.

No broker interface.

No account, no email, no form between you and the market. A Solana wallet is the whole login.

No switching between DEXs.

Raydium, Orca, Meteora and the rest, read in one pass. The mark is whatever a real Jupiter route says.

No guessing which pool is real.

Issuer mints only, checked on-chain. A token that shares the ticker but not the issuer never becomes a mark.

No oracle, no keeper.

The program reads each xStock/USDC pool itself. Fills take the worse of spot and the 30-minute mark, so one pushed pool can’t buy a better price.

Splits don’t show up as basis.

xStocks scale balances through Token-2022. Perplo applies the live multiplier before it compares a single price.

No database behind the board.

Theses are memos in the position’s own transaction. The board replays them from Solana and checks each one against the program.

Priced on Solana, settled on Solana.

Markets update directly from onchain liquidity, so what you see reflects the market that’s actually available to trade.

Program
DRWwy9…vhC1A ↗
Price
xStock/USDC pool, 30-minute time-weighted mark
Fills
Worse of spot and mark; liquidation on the mark only
Positions
1–5×, USDC collateral, 0.08% fee each way, 1% maintenance
Counterparty
One USDC LP vault; profit capped at 4× collateral, reserved up front
Thesis
SPL Memo in the position’s own transaction

Ready when you are

Connect a Solana wallet and make your first call.

Open the app Read the theses

Works with Phantom, Solflare and Backpack. You trade your own USDC through the Perplo program.