Perps DEX Whitepaper

The Emofi Perp DEX Whitepaper is the protocol’s canonical technical and economic reference. While product docs focus on practical usage and integration workflows, the whitepaper explains the deeper rationale behind architecture and risk model choices.

Intended Scope

The whitepaper is expected to cover:

  • system architecture and component interaction,

  • pricing and fair-value methodology,

  • margin and liquidation framework,

  • funding model and equilibrium assumptions,

  • liquidity structure and incentive design,

  • governance scope and parameter evolution.

Who Should Read It

Recommended for:

  • advanced traders modeling system behavior,

  • integrators building production infrastructure,

  • researchers evaluating derivatives risk posture,

  • contributors participating in governance.

Relationship to Product Docs

Product docs explain how to use the protocol. The whitepaper explains why the protocol is designed the way it is.

Both are necessary for complete understanding.

Status: Coming Soon.

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