Perp futures for every Base token.
Anyone launches a leveraged market on any Base token in 60 seconds — no listing fee, no governance vote, no gatekeeper. Coin-margined, fully on-chain, with an insurance fund and a vAMM on every market.
── How it works
Not an order book.
Not a fragile AMM.
Trades execute against an on-chain vAMM using oracle-derived pricing. The same engine runs every market — only the pricing knob changes per token.
Permissionless launcher
Pick any Base token with a DEX pool, set leverage and trading fee, click deploy. The market goes live on-chain in about 60 seconds — no approval queue, no auction.
Coin-margined
Traders deposit the same token they trade. Open a $DEGEN perp and your margin and PnL are denominated in $DEGEN — no USDC dependency required.
vAMM liquidity
A virtual AMM seeds instant liquidity at launch with a constant-impact curve. No need to bootstrap an order book before the first trade.
Oracle pricing
Chainlink feeds where they exist; a Uniswap V3 TWAP fallback for long-tail tokens. Marks are derived on-chain, not from a centralized server.
Insurance fund
Every market carries its own insurance fund, funded by trading fees, that absorbs bad debt from underwater liquidations. Risk is isolated per market.
Fully on-chain
Positions, margin, funding and liquidations all settle on Base. Anyone can read the contract state and verify every number on BaseScan.
── Network status
Live readout
[readout] base · testnet · pre-audit── Why Decant
Decant the signal
from the sediment.
To decant is to pour a liquid off its sediment — keeping the clear part, leaving the murk behind. That is the thesis: clean, permissionless price discovery for any token on Base, without the gatekeepers and opaque risk that muddy centralized venues.
Decant is an EVM-native perpetuals engine. Every market is isolated, every position is on-chain, and the risk math is open for anyone to verify. No admin can freeze your collateral or single you out for forced closure.
── Reserve your spot
Invite-only.
Code required.
The waitlist is gated. Paste a referral code from an existing member and the form unlocks — finish in under a minute with a Base wallet or an email.
- → Got a code? Paste it. The form unlocks.
- → Came from a share link? Your code is pre-filled.
- → No code yet? Follow @decanttrade— we drop them on tweets.
── FAQ
What you're probably wondering.
What is Decant?+
A permissionless perpetual-futures protocol on Base. Anyone can launch a leveraged market for any Base token, and anyone with a wallet can trade it long or short.
Is it live with real money?+
No. Decant is currently on Base testnet in lab mode. Public mainnet trading opens only after an external security audit. The waitlist is how you get early access.
Why is the waitlist invite-only?+
Early access is gated by referral code to keep the first cohort small and high-signal. Bring a code from an existing member, or grab one we drop on @decanttrade.
What do I need to join?+
A valid referral code, plus either a Base wallet (Coinbase Wallet, MetaMask) or an email. Wallet signups sign a gas-free message to prove ownership — no transaction, no approval.
Do wallet signups cost gas?+
No. Joining the waitlist with a wallet only asks for an off-chain signature. It never moves funds and never prompts a token approval.
Which wallets are supported?+
Coinbase Wallet and any injected wallet such as MetaMask or Rabbit. WalletConnect (mobile QR) support is coming.