AAVE PERP on Swapmos, up to 10x

Aave runs one of the largest onchain lending markets, and AAVE is its governance token, also staked as a backstop against shortfalls. Deposits, borrowing demand, stablecoin rates and any credit event in the wider lending sector are the drivers worth watching. The perpetual is margined in USDC, has no expiry, and funding is exchanged between longs and shorts.

Taking you to the live market

Leverage works in both directions. At 100x, a 1% move against a position takes out all of the margin behind it.