Training Mission · DIY Perp
DIY PerpINTERMEDIATE140 min240 XP
Perp DEX Primer — perpetual-futures mechanics
The conceptual layer the DIY Perp track silently assumes — perp mechanics in four lessons. No code, no openhl reference: spot/futures/perp distinction, funding as the anchoring mechanism, margin model with four states, three-tier safety net.
Course as operating doctrine · Source as primary text
Mission brief
This course is structured as a working assignment, not a content feed. Move through the lessons in order, accumulate the vocabulary, then carry the pattern back into the rest of the stack.
Start the course →4 lessons · native player
Difficulty
INTERMEDIATE
Workload
140 minutes
Reward
240 XP
Perp Primer
- 01Lesson 0 — What perpetual futures are, and why they have no expiry30 min · 50 XP
- 02Lesson 1 — Mark, index, and funding — how perps stay anchored without expiry35 min · 60 XP
- 03Lesson 2 — Margin model — collateral, leverage, equity, and the four states40 min · 70 XP
- 04Lesson 3 — Liquidation, insurance fund, and ADL — the safety net mechanics35 min · 60 XP