Laxu

Make your position capital efficient

Open a leveraged position and mint it as an ERC-20 you actually own. One token, one position — its own entry, size and leverage.

Tokenize a position

Built on Monad · powered by Perpl

ETH long, 5×

OPEN

ENTRY

$4,182.50

MARK

$4,943.80

SIZE

12.4 ETH

UNREALIZED

+18.2%

SLIDE TO TOKENIZE

BTC long, 3×

OPEN

ENTRY

$94,210

MARK

$99,845

SIZE

0.84 BTC

UNREALIZED

+17.9%

SLIDE TO TOKENIZE

SOL short, 8×

OPEN

ENTRY

$128.40

MARK

$117.03

SIZE

420 SOL

UNREALIZED

+70.8%

SLIDE TO TOKENIZE

MON long, 3×

AT RISK

ENTRY

$0.02870

MARK

$0.02562

SIZE

38,000 MON

UNREALIZED

−32.2%

SLIDE TO TOKENIZE

ZEC short, 3×

OPEN

ENTRY

$1,412.00

MARK

$1,325.39

SIZE

6.2 ZEC

UNREALIZED

+18.4%

SLIDE TO TOKENIZE

NEAR long, 3×

AT RISK

ENTRY

$5.6200

MARK

$5.1892

SIZE

1,250 NEAR

UNREALIZED

−23.0%

SLIDE TO TOKENIZE

PUMP short, 5×

OPEN

ENTRY

$0.006420

MARK

$0.006176

SIZE

2,400,000 PUMP

UNREALIZED

+19.0%

SLIDE TO TOKENIZE

YOUR POSITION, TOKENIZED

Every trade becomes an asset

Trade on Perpl, get a token on Monad, borrow against it. The token reads its price from Perpl on-chain.

01 · BORROW

Borrow against it

Deposit the position token as collateral and draw the collateral asset without touching the trade. Every position gets its own isolated pool, so a blow-up on one market never leaks bad debt into anyone else's.

02 · TRADE

Sell the whole thing

A position that used to be locked to your account is now an ERC-20 anyone can hold. Hand the entry, size and leverage to another trader instead of unwinding it into the book at market.

03 · SHARE

Let others buy in

Others mint shares of your open position through a standard ERC-4626 deposit and ride the same entry, not just a call. You keep your stake and earn a fee every time someone joins.

WHAT YOU CAN TOKENIZE

Old markets, new primitive

Anything Perpl can open, Laxu can wrap. Same tokenization, same lending and buy-in rails, whatever the underlying is.

MAJORS

ALTS

LTOKENS

Majors

PERPS

BTC, ETH and SOL, the deepest books on Perpl: up to 15×, 12× and 10× leverage, minted as a position you can lend against.

BTC

ETH

SOL

Alts

PERPS

MON, ZEC, LIT, NEAR and PUMP. Thinner books and tighter limits, from 3× to 5×; every position is still its own transferable ERC-20.

MON

ZEC

LIT

NEAR

PUMP

lTokens

PERMISSIONLESS

Every lToken is your own position — your entry, your size, your leverage. Mint it, let others buy in, or borrow against it — it's still your trade.

SHARED POOL

LAXU NATIVE

GET STARTED

Your position is an asset

Open a trade on Perpl, wrap it with Laxu, and it becomes something you can borrow against, sell outright, or open up to other traders.

Tokenize a position Read the docs

FAQ

Before you
tokenize

The mechanics people ask about most. Anything else, the docs go deeper.

You hold the token and the token holds the position. Closing, adding margin, or taking profit all still route through Perpl — but whoever holds the token is the one who can do it. Transfer the token and you transfer the trade.

Every tokenized position borrows from its own isolated pool. Perpl liquidates the underlying, the pool is repaid first out of remaining equity, and the token settles to whatever is left. A bad market on one position can never socialise losses onto other pools.

No. Execution, pricing, funding and liquidations are Perpl's perps API. Laxu is the ownership layer on top: minting the position into a token, running the isolated lending pools, and handling buy-ins.

The position token reads Perpl's mark price on-chain, straight from the exchange contract. Laxu's backend cannot set it, and the token also shows how its size and entry compare with the real position on Perpl, so you can check it yourself.

You do, by accepting an offer. Buyers bid against the position's live equity on Perpl, so a trade with a good entry can change hands above its mark — and a losing one usually clears below. Nothing settles until you accept.

ERC-4626 shares of your open position. They take pro-rata P&L from the block they mint in — not your earlier gains — and can redeem out at any time. You keep your original stake and collect a fee on every mint.

Minting is gas on Monad. Perpl's own funding and trading fees are unchanged. Laxu takes a cut of buy-in mints and nothing on borrowing beyond the pool's interest rate, which the pool's own utilisation sets.