Adrena
  • About Adrena
    • ๐Ÿ‘๏ธVision
    • ๐Ÿ’‰What is Adrena?
      • โœจNo Liquidation Fees
      • ๐Ÿซ—Peer-to-Pool Perp Model (and the risks as a Liquidity Provider)
      • ๐Ÿ‹๏ธTrading Competitions
        • 0๏ธโƒฃPre-Season: Awakening
        • 1๏ธโƒฃSeason 1: Expanse
      • ๐Ÿ’ฝRPC and Trade Execution
    • ๐Ÿง€Fees
      • ๐Ÿ’ฐRevenue Sharing
      • ๐ŸฏWays to Earn Overview
      • ๐Ÿ’ฑBuybacks
    • ๐Ÿ‘พTrader Profile
    • ๐Ÿ“–Achievements
    • ๐ŸงชMutagen (Points System)
    • ๐ŸคReferral System
    • Audits
    • Bug Bounty Program
    • ๐Ÿ”—Useful Links
  • Tokenomics
    • ๐ŸซฆTokenomics Overview
    • ๐Ÿช™ADX
      • ๐Ÿค‘Distribution
      • ๐Ÿ’ธEmissions
      • ๐Ÿ‘ฅForms of ADX
      • ๐ŸฆบVesting
      • ๐ŸšฐStaked ADX - Rewards Emissions Schedule
      • ๐Ÿ”Staking and Duration Locked Parameters for ADX
      • ๐Ÿ—ณ๏ธVoting
    • ๐Ÿ’ŽALP
      • ๐ŸŒŠGenesis Liquidity [terminated]
        • ๐Ÿ’ฆGenesis Liquidity Program [Terminated]
      • ๐ŸšฐStaked ALP - Rewards Emissions Schedule [Terminated]
      • ๐Ÿ”Staking and Locked Stake Parameters for ALP
  • Technical Documentation
    • ๐Ÿ‘คGovernance Shadow Token
    • ๐Ÿค–MrSablier & MrSablierStaking (Open Source Keepers)
    • ๐Ÿ”ฎOracles and Price Feeds
    • โ˜ข๏ธ"Toxic Flow" Countermeasures
    • ๐Ÿช–Position Parameters
    • โŒšSablier Automation Threads (deprecated)
    • ๐ŸฆStaking Implementation Details
    • Terms and Conditions
    • Token Terms and Conditions
  • Guides
    • ๐Ÿ’ปHow to Change to Devnet in Phantom Wallet
    • ๐Ÿ’งHow to get Devnet SOL
    • ๐Ÿ’ฐHow to Get Tokens to Trade
    • ๐Ÿ“ˆHow to Open and Close a Trade
  • Reports
    • 21/11/2024 - BE - Increase Position, position.price miscalculations
    • 22/10/2024 - Upgrade staking accounting issue causing extra reward distribution
    • 12/10/2024 - BE - Borrow fees reset on position increase
    • 01/10/2024 - BE - Custody internal state for `Assets` reports too much locked collateral
    • 27/09/2024 - BE - Missing accounts reload during fee distribution
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  1. About Adrena

What is Adrena?

A peer-to-pool perpetuals DEX with 100x leverage and 100% revenue share to token holders.

PreviousVisionNextNo Liquidation Fees

Last updated 2 months ago

Adrena is a decentralized and open source spot and perpetual exchange built on Solana with low swap fees and ZERO price impact trades.

The dapp is permissionless, meaning anyone can trade directly from their own wallet unlike most perp dexs which require you to create an account and deposit assets. (see Trading)

Trading is supported by a multi-asset pool that earns liquidity providers fees from lending to traders, swap fees, and additonal token incentives (see ).

The application is supported by a 2-token model; (governance token) and (LP token). $ADX gives users voting rights to control the platform through the Adrena DAO. $ADX also participates in 20% revenue share of the platform. $ALP is the representation of the multi-asset pool and earns 70% of the platform revenue. (see and )

Dynamic pricing is supported by Pyth Oracles and soon Chaos Labs using pull model (update in April 2025). Automation is handled by our open source rust Keepers based on Yellowstone GRPC.

๐Ÿ’‰
Providing Liquidity
$ADX
$ALP
Revenue Sharing
Tokenomics