Welcome to Surge

Welcome to Surge

Surge is the first perpetual DEX built on the Radix network, launched in November 2024. The platform enables users to trade cryptocurrency pairs with leverage using cross-margin collateral, all denominated in USD terms.

Core Features

  • USD-Denominated Trading: All pairs, accounts and settlements are measured in USD terms

  • Cross-Margin Trading: Trade multiple positions using a unified collateral pool

  • Single Liquidity Pool: A central USD pool that manages all positions and risk

  • Supported Trading Pairs against the USD: BTC, ETH, SOL, XRD, SUI, DOGE, ADA, BNB

  • Initial Leverage: Up to 20x and increase gradually over coming months.

  • Multiple Order Types: Support for market, limit and stop limit orders

Collateral Options

Traders can currently use the following as collateral:

  • sUSDC (Surge USD a wrapped version of xUSDC)

  • xWBTC

  • xETH

  • XRD

  • LSULP (Liquidity token for the LSU Pool)

Additional tokens will be evaluated and added as collateral options as the Radix ecosystem grows.

Platform Status

As a newly launched platform, Surge is in its early stages with core functionality in place. The team is actively working on expanding features and capabilities, including:

  • Additional trading pairs

  • Increased leverage options

  • Enhanced UI features

  • Referral system

  • Bridge integrations

Risk Notice

Surge, launched in November 2024, is an experimental perpetual DEX in its early stages of development. As a new platform on the Radix network, users must understand they are interacting with emerging technology that carries substantial risks. While the platform's smart contracts have undergone audits, they may contain unknown vulnerabilities. The risk management systems, liquidation mechanisms and oracle integrations are being tested in live market conditions substantially. Trading on Surge involves leveraged positions which can result in immediate and total loss of funds. The platform's features, parameters and risk controls may be adjusted as we gather data and optimize for safety and efficiency. Market volatility, combined with leverage, can lead to sudden liquidations, and the cross-margin nature of accounts means that all positions affect your overall risk profile. Users should approach this platform with extreme caution, starting with small positions to understand the mechanics and never trading with funds they cannot afford to lose. By using Surge, you acknowledge that you are participating in an experimental protocol where both technology and market risks are significantly amplified compared to traditional trading venues. This notice is not exhaustive. Users should thoroughly review all documentation and understand the mechanics of perpetual futures trading before participating.

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