When it comes to opening perpetuals on-chain, I’ve been using a certain decentralized derivatives platform lately. Compared to the way CEXs operate, the non-custodial model of on-chain trading really feels more reassuring—the funds are under your own control, and the transparency of the contracts is high. Although the gas fees can be a bit painful at times, the core advantage of decentralization makes it worth trying. If you’re looking into on-chain leveraged trading, you should pay attention to this type of protocol.