A different way to trade perpetual exposure
SDICE Perps lets eligible Pump.fun tokens support synthetic long or short exposure to SOL, BTC, ETH and ZEC. Opening locks the collateral instead of selling it first. You do not buy the underlying blue-chip asset.
Leverage increases exposure relative to entry value, up to the supported 1000× maximum. Tiny adverse price moves can liquidate highly leveraged positions. Collateral eligibility, executable quotes, available backing and fresh market prices must all pass before an order opens.
Solana custody, fast delegated execution
Program-controlled token vaults hold deposits on Solana. MagicBlock ephemeral rollups process delegated trading state; commits and settlement connect that fast execution back to base-layer custody. A price stream on screen is distinct from an accepted contract price.
Closing can involve price locking, a commit or undelegation and token settlement. A delayed release can depend on validator or keeper availability. The app’s stages describe different steps, not additional trades.
A loss-backed pool and an oldest-first queue
The model builds on Papertrade’s FIFO loss-backed design. Winning profit becomes a USD-denominated claim paid in USDC when the pool can fund it. Claims are processed oldest first, so a winning close is not a guarantee of immediate payment.
Eligible settled losses that fund the pool earn pSDICE, non-transferable ownership recorded by the program. Staking it participates in the designated SDICE revenue allocation. “Profits go to losing traders” describes this staking mechanism; it does not promise recovery of a trader’s losses.
Read the mechanism before the leverage
SDICE Perps is an independent Solana implementation, with credit to papertrade.xyz for the original FIFO design. Review collateral quoting, liquidation, custody, payout timing and current contracts in the documentation. The documentation describes the implementation and is not an independent audit.