Perpl Explainers
Technical deep-dives into Perpl's exchange architecture.
Change vs Post/Cancel
How Perpl's native Change order keeps the book full on Monad's parallel execution engine.
Hybrid Margin
Cross margin efficiency without cross margin risk. Hedge recognition without pooled solvency.
Virtualized Funding
How Perpl settles funding payments for 100,000+ positions using two storage reads instead of 100,000 writes.
Number Systems
CNS, PNS, LNS, ONS — the four integer representations powering the exchange, and the precision tradeoff baked into every market.
Withdrawal Rate Limiter
How the protocol caps fund outflows to survive an exploit — burst window, linear refill, bypass addresses, and owner force reset.
Order Book Data Structure
How Perpl achieves O(1) insert and cancel on a fully on-chain CLOB — and why sorted-tree alternatives scale in cost with book depth.