copas

Trade

Perpl perps straight from your passkey account, with AUSD as margin. Every order is checked against your mandate first, the same rules a Copas leader's bond enforces.

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Perpl mark, 5s

Order book

tap a price for a limit

      Trade like a bonded leader

      in mandate

      The same mandate a Copas LeaderBook enforces onchain: markets, leverage, notional, drawdown from the unit-price peak. Orders outside it are blocked before they are sent. Loosening it takes a fresh passkey.

      Max drawdown
      15% (now 0.00%)
      Max leverage
      5x
      Max notional
      1000 AUSD
      Markets
      BTC ETH SOL
      Become a leader with this mandate

      Record on this device: 0 opening orders, every one passed the mandate check. A bonded leader posts AUSD behind this mandate; followers are paid from the bond if it is broken.

      AUSD · Agora

      api.agora.financeMonad mainnet

      Agora's dollar is the only collateral Perpl takes, so your margin, PnL and any Copas bond are all AUSD. Issued by Agora Bermuda Limited, checked here from three sources that test each other.

      Supply

      On Monad (Agora API)
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      On Monad (onchain totalSupply)
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      All chains
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      Testnet (Perpl collateral)
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      0xa9012a05…

      Reserves

      239,090,456 in assets vs 238,379,206 AUSD circulating · 100.30%

      Grant Thornton LLP attestation as of 31 Aug 2026 (AICPA standards, signed 29 Sep 2026): US T-bills, repo and cash. Report PDF · all reports

      Peg on Monad

      Instant Settlement price
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      Pair liquidity
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      Agora's AUSD/USDC pair swaps at a fixed price for verified users (APPROVED_SWAPPER role), the mint/redeem rail on Monad. Token: … · pair · AUSD

      Trade with your passkey

      A Mera account: your passkey is the key. No seed phrase, no extension. Orders go straight to Perpl from your own account.

      Order ticket

      Cap: your mandate 5x, Perpl –x

      Every order is an onchain tx to Perpl execOrder (0x1964…80cc), signed by your passkey.

      Trade · Copas