XPerp

The First Perpetual Futures DEX on XRPL

Hack the Block · Paris · April 2026

The Problem

Those who want leverage -> Leave the Ledger.

The demand exists, leaving the community no choice but to let their liquidity leave the ledger.

The Market

Perpetual futures are the single largest product in crypto.

Metric Value
Total perp volume (2025) $92.9 trillion
Decentralized perp volume $6.7 trillion (346% YoY)
XRPL's share 0%

Every major chain has its perps DEX:

Ethereum Solana Custom L1 XRPL
dYdX Jupiter Hyperliquid ($9B valuation) Nothing — until now

The Solution

XPerp: perpetual futures built directly on the XRP Ledger.

  • Orchestrator
  • SGX Enclave
  • XRPL
XRPL Wallet ──► Orchestrator (Rust) ──► SGX Enclave ──► XRPL Mainnet
                  │ CLOB order book       │ Margin engine    │ XRP settlement
                  │ Price feed (5s)       │ Key custody      │ 2-of-3 multisig
                  │ Funding + liquidation │ DCAP attestation │ 3-5s finality
                  └ WebSocket feed        └ Hardware-isolated

Why TEE, Not Smart Contracts

XRPL has no smart contracts. We use hardware instead.

Smart Contract DEX XPerp (TEE)
Custody Bridge multisig (people) XRPL escrow (processors)
Verification Public Solidity DCAP attestation (Intel)
Attack surface Logic exploits, MEV, flash loans Hardware side-channels
Settlement L2 → L1 (minutes to days) 3-5 sec on XRPL
Signers Humans (social-engineerable) SGX enclaves (not)

Smart contracts are public but exploitable. Our code is private but verifiable.

Liquidity Vaults

Revenue streams: spread earnings + fee rebates + funding rate payments.

Vault Strategy Status
Market Making Two-sided orders around mid price Live
Delta Neutral Hedged liquidity, funding rate capture Planned
Delta One Interest rate vs funding rate arbitrage Planned

Protocol-level fee rebates

Try It Now

xperp.fi

Verify the Enclave · API · Frontend and UI · Orchestrator

XPerp Team · Hack the Block Paris · April 2026