a real futures exchange,
for elysium memecoins.
Long or short any Elysium coin up to 5x, settled in HYPE. Here is every rule the contract follows.
No house on the other side
Every market is its own pot of trader money. Winners are paid from losers. blasphemy never takes the other side of your trade and never needs to back it.
Prices come from the coin's own pool
The mark price is the median of the coin's Uniswap v4 pool price on Elysium over the last 30 seconds. The contract reads the pool itself on every fill and refuses any price more than 10% away, so nobody can post a fake price. That includes us.
Two-step orders
You send an order with your margin and the worst price you accept. The keeper fills it in a later block, within seconds. If the price moved past your limit, or the side is full, the order is cancelled and every bit of your HYPE comes straight back.
Funding: the crowded side pays
When a coin has more longs than shorts, longs pay shorts every second, and the other way round. The rate grows with the imbalance, up to 0.05% an hour. It pulls traders onto the empty side, so markets stay matched.
Liquidation at 10% maintenance
A position closes when its equity falls to 10% of its size, the same maintenance-margin rule real exchanges use. A 1% penalty goes to that coin's insurance buffer. Whatever margin is left goes back to you. Add margin any time to move your liquidation price away.
Insurance buffer
40% of every fee, every liquidation penalty and funding paid while one side is empty stay in the coin's market as its buffer. It covers the gap if a position is ever liquidated late.
Skew cap
The unmatched part of a market (longs minus shorts) can never grow past what its buffer can cover. When a side is full, it opens again as the other side grows or the buffer grows. The coin page shows the room left on each side.
ADL, the last resort
If a buffer is ever below zero, the most profitable positions on the winning side are closed first and their profit trimmed by exactly the shortfall. Same backstop as Hyperliquid and Binance futures.
Fees
Creator cut
The wallet that launched a coin gets 20% of every blasphemy fee traded on that coin, in HYPE. It builds up in the contract and the creator claims it from their portfolio. Nothing to sign up for.
Which coins get a market
Any Elysium coin with a HYPE or WHYPE pool on the official Uniswap v4 PoolManager and enough liquidity is listed automatically, with up to 5x leverage.
The contract
The contract address shows here once blasphemy is live on Elysium mainnet.