What is LeverUp

LeverUp is a decentralized perpetuals protocol on Monad. Traders open leveraged long or short positions against a protocol liquidity pool, using crypto, forex, equity, index, and commodity markets — all settled onchain, all non-custodial.

For an integrator, LeverUp exposes three surfaces:

Surface	What it is	Gas	Key custody
Onchain	A single Diamond (EIP-2535) proxy contract you call directly	You pay	You hold the trading key
Gasless (1CT)	Sign trade intents offchain, protocol relays and executes them	Protocol pays	Signing key can only trade, never transfer
REST API	HTTP endpoints for prices, pairs, positions, history, analytics	n/a	Read-only

How a trade works

LeverUp is oracle-settled, not order-book matched. A trade goes through two phases:

1. Request. You submit the trade. The protocol locks your collateral and requests a price.
2. Fill. A keeper delivers the oracle price and the position opens at that price, adjusted for the pair's slippage model.

This means an open is not instant within a single transaction — your transaction creates a pending trade, and a follow-up keeper transaction turns it into an open position. The same applies to closes. Integrations that need certainty should watch events or poll positions, not assume the receipt of their own transaction is the final state.

Positions are merged per market

LeverUp does not create one position object per trade. A position is a slot, keyed deterministically by:

keccak256(abi.encode(user, pairBase, isLong, lvToken, "position.v1"))

Open BTC long twice with the same collateral and you end up with one position at a blended entry price, not two. This is why partial closes and TP/SL orders exist as first-class operations — see Managing a Position and TP/SL Orders.

You can compute this hash offchain, or read it from getPositionHash.

What you need

• A Monad mainnet RPC endpoint.
• An EVM account with MON for gas (not required if you only use 1CT) and a supported collateral token.
• For price-sensitive calls, access to the LeverUp oracle endpoint — see Oracle & Prices.

Next: Quickstart.