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FAQs ​

How to launch a pool on Potentia Protocol? ​

  • Select the token pool you want to launch on Potentia
  • Pay a one-time fee to create a derivatives market
  • Launch your pool on Potentia Protocol in under a minute

How to trade on Genie DEX? ​

  • Connect your wallet to Genie DEX
  • Select the power perpetual you want to trade (BTC2, USDT3 or RATP2)
  • Pay a trading fee each time you open a position on Genie DEX
  • Sign the transaction in your wallet

What is the difference between Potentia Protocol and Genie DEX? ​

  • Potentia Protocol is a trading infrastructure facilitating the creation of power derivatives
  • Genie DEX is a derivative DEX developed on top of Potentia Protocol. Retail users can easily manage, create, and trade power derivatives on Genie DEX. All Pools under Genie DEX are created through Potentia Protocol

How are my positions protected from market volatility? ​

​​Power perps maintain value even during periods of extreme market volatility through smoothed oracle price feeds and a unique liquidity provisioning mechanism.

How can my positions get liquidated? ​

Even if your position reaches 0 in value, it won’t get liquidated. The value of a power perpetual cannot be negative, and you’re safe from liquidations with Genie DEX.

What is the novel bonding curve mechanism? ​

The novel bonding curve mechanism in power perpetuals introduces a non-linear exposure model, contrasting with traditional derivatives that typically offer linear exposure.

This non-linear approach mitigates liquidation risk while significantly enhancing the potential for amplified returns. More information will be provided in the implementation and research paper to be published.

How to become a Liquidity Provider (LP)? ​

  • Connect your wallet
  • Select the pool you want to provide liquidity for or create a new pool
  • Provide liquidity in a single token (instead of token pairs)
  • Sign the transaction in your wallet
  • Pay SQL to use the single-asset LP bot or multi-asset LP bot (optional)

What are the risks of trading power perpetuals on Genie DEX? ​

Smart contract vulnerabilities, underlying token asset risks, market-wide systemic risks, and personal risks from scams and phishing are risks traders are exposed to in DeFi. SquaredLabs, Potentia Protocol, and Genie DEX are not liable for these aforementioned risks. Always DYOR.