> For the complete documentation index, see [llms.txt](https://faqs.thorwallet.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://faqs.thorwallet.org/perps.md).

# Perps

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**Perpetuals** (often called **Perps**) are derivative instruments that mirror the price of real assets — allowing users to **go long or short** with **leverage** on the price movement of an asset. While leverage amplifies potential gains, it also increases risk.

To bring decentralized perpetual trading directly to its users, **THORWallet** has partnered with **dYdX**, one of the leading decentralized perpetual protocols in the industry.

#### 💼 What Are Perpetual Contracts?

Unlike traditional futures, **perpetual contracts have no expiry date**. This means traders can hold positions for as long as they wish, adjusting leverage or closing trades anytime.\
They are ideal for:

* **Speculative trading** on price movements
* **Hedging** existing crypto portfolios
* **Executing advanced strategies** without spot exposure

#### 🚀 Perpetual Trading in THORWallet

Through this integration, THORWallet users can now access **perpetual markets** directly from the app — without giving up **self-custody** or switching platforms.

**Key Highlights:**

* 🔗 **Seamless access** to perpetual trading inside the THORWallet app
* ⚡ **Deep liquidity & ultra-fast execution** powered by dYdX’s decentralized infrastructure
* 🔒 **Full self-custody** — users maintain control of their funds at all times
* 🌐 **200+ perpetual markets** across leading crypto assets
* 🔁 **Cross-chain convenience** — trade from the same wallet that supports BTC, ETH, SOL, and more

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Perpetuals trading is available in select regions and subject to local regulations.

Perpetuals trading involves significant risk. Conduct your own research and exercise proper risk management.
{% endhint %}