PerpStock

PerpStock sells no real shares. It lets users trade synthetic tokens pegged to US equity prices with USDT: instruments such as sAAPL, sTSLA and sQQQ take their price from oracle feeds that track the underlying stock, with no share transfer and no brokerage account behind them. Positions open long or short with leverage up to 10x, are managed by contract, and funds stay in the user's wallet throughout.

Matching runs through a virtual market maker or order book simulation, intended to keep slippage on larger orders manageable. Collateral ratios, maintenance margin and liquidation prices are fixed at entry, and a position closes automatically when the market reaches the threshold rather than waiting on manual action. Participants need no identity check and face no regional gate, with only a wallet and USDT required. The synthetic structure means exposure comes from the contract counterparty and the oracle rather than from holding the stock.