The liquidity layer behind every perp.
behind every perp.
hourly funding
How the vault works
1
Mechanics
One HLP-style vault market-makes every perp on every Solana coin. Three steps, each one a signed message.
2026
Deposit
Quote
Earn
1
Piperperps vault
1
DEPOSIT
SOL IN, ONE SIGNED MESSAGE
2
QUOTE
BOTH SIDES OF EVERY MARKET
3
EARN
OPEN FEES AND HOURLY FUNDING, PRO RATA
Piperperps vault
Piperperps is an HLP-style vault. Depositors fund it in SOL; it quotes both sides of every perp on every Solana coin and passes the open fees and the hourly funding back to the depositors, pro rata.
Solana
Market-making for every Solana perp
Traders open longs and shorts against the vault, up to 25x, with collateral in SOL from 0.1 SOL. Entry is the live mark price; liquidation sits at entry × (1 − 1/leverage + 0.01) for longs and entry × (1 + 1/leverage − 0.01) for shorts.
Depositors fund the vault and receive the open fees and the hourly funding, pro rata. Positions close from the page they were opened on, and every order, close, deposit and withdrawal is a signed message verified against the wallet’s ed25519 key.
Numbers
The figures every position on Piperperps is priced with.
Markets
Majors
Every perp on Solana, one vault behind it.
Contact
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