Welcome to StandX Perps Alpha!

Thank you for being one of the first to experience StandX Perps.

The StandX Perps platform is currently in its Alpha phase, accessible to a select group of invited testers. This phase is crucial for testing core functionalities and gathering feedback before the full public launch. The following document outlines the operational details specific to this testing period.

Deposits and Withdrawals

During the Alpha phase, users can deposit DUSD from on-chain networks (e.g., BSC) into a StandX Perps account.

⚠️ To ensure a seamless data reset for the production launch, the withdrawal feature is temporarily paused. Full withdrawal functionality will be enabled at the time of the production launch.

Alpha Phase Balance System: DUSD & tDUSD

To create a safe and effective testing environment, the Alpha phase utilizes a dual-asset system.

When a user deposits funds from the blockchain (for example, 10 DUSD), the account is credited with both 10 DUSD and 10 tDUSD.

• tDUSD (Test DUSD): This asset serves as the active trading balance during the Alpha. All platform activities, such as posting margin, paying fees, and realizing profits and losses, must be conducted using tDUSD.
• DUSD: The deposited DUSD represents the user’s real, underlying capital. Throughout the Alpha, this DUSD balance is locked. It cannot be used as margin or withdrawn until the production launch.

Earning Yield on Your DUSD

It is important to note that your real DUSD deposit is not idle. It will continue to accrue the corresponding yield throughout the entire testing period. This accrued yield will be calculated and distributed to your account after the production launch is complete.

Transition to Production Launch

Upon the official production launch of StandX Perps, the platform’s primary asset for margin will transition from tDUSD. The usable margin and main account balance will automatically switch to the user’s real DUSD balance.