Longship
  • Introduction
    • What is Longship?
    • Why We Built Longship
  • How Longship Works
    • Overview
      • Mathematical Overview
    • Leveraged Long Trades
    • Repo Trades
    • Liquidity Pools
    • Stablecoin Vaults
  • User Guides [Unfinished]
    • Leveraged Long Trades
    • Repo Trades
    • Providing Liquidity
    • Stablecoin Vaults
  • Other
    • Governance
    • Community
    • FAQs
  • Disclaimers & Technical
    • Audit
    • Technical Resources
    • Terms of Service
    • Privacy Policy
  • Come Aboard
    • Twitter
    • Discord
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  1. Introduction

What is Longship?

NextWhy We Built Longship

Last updated 10 months ago

Longship is an derivatives Automated Market Maker (AMM) that enables traders to go long on any cryptocurrency—from ETH to altcoins—with up to 100x leverage.

There are three ways to generate value with Longship:

  • Leveraged long trades: Up to 100x leverage and no funding rate.

  • Repo trades: Receive a guaranteed fixed return on your capital after 24 hours.

  • Liquidity provision: Deposit tokens into Longship's liquidity pools to earn pro-rata yields.

No Order Books

Unlike many other derivatives Decentralized Exchanges (DEXs) which use order books, Longship is an AMM. Longship's AMM design allows for an entirely on-chain exchange that can’t be manipulated and doesn’t require a funding rate. All operations are performed using the underlying assets on-chain, with verifiable USD-denominated spot pricing from Chainlink oracles.