Celeris is a decentralized exchange (DEX) specializing in Futures Contract (perp) built on Layer-1 Monad, enabling the launch and trading of perp entirely on-chain with a shared PLOB Order Book and liquidation pool, aiming to reduce liquidation Shard and slippage.
The project focuses on a fast and secure trading experience by leveraging Monad's advantages to reduce latency and Gas Price. Celeris aims for a competitive, intermediary-free perp environment while supporting liquidation for native Token within the Monad ecosystem, such as MON.
- Celeris is an on-chain Perp DEX on Monad with a PLOB Order Book model.
- PLOB uses a shared liquidation pool across multiple markets, which helps increase Capital efficiency and reduce slippage.
- The project is currently in Testnet v0 and is expected to launch Mainnet by the end of 2025.
Celeris is on-chain Perp DEX built on Layer-1 Monad.
Celeris is a perpetual trading DEX, fully deployed on-chain on Monad to optimize order execution speed, reduce latency and Gas Price, and limit intermediary custody risks.
The platform is designed for users to trade asset perps within the Monad ecosystem without the need for a third party.
Celeris emphasizes transparency because order matching data can be directly verified on the explorer. The project also focuses on a CEX-like experience while maintaining a decentralized nature, suitable for traders who need speed and market scalability.
In the context of monitoring price fluctuations, liquidation , and Derivative indicators (such as open interest, funding, and liquidation) becoming crucial for perp traders, you can refer to BingX 's perspective and analytical tools to compare risk scenarios when trading leveraged in new ecosystems.
The PLOB model helps consolidate liquidation and reduce market Shard .
PLOB is a price-time priority order book limit, but it uses a shared liquidation pool for multiple markets, increasing liquidation depth and improving Capital efficiency compared to traditional CLOBs.
In traditional CLOB systems, each market typically has its own liquidation , resulting in Chia and inefficient liquidation when expanding to multiple trading pairs.
With PLOB, liquidation is pooled into a shared pool that supports all markets simultaneously, thereby improving Order Book depth and reducing slippage for traders.
Celeris describes this architecture as providing deeper liquidation , which is particularly beneficial for large-scale trades or strategies requiring fast entry/exit times.
Order Book PLOB, being 100% on-chain , increases verifiability and reduces risk.
Celeris implements a 100% on-chain limit Order Book on Monad so that all order executions can be directly verified, while reducing Custodian and front-running risks.
Bringing the order placement/matching mechanism onto on-chain increases transparency: users can track transaction traces on the explorer.
Celeris emphasized that this model eliminates custody risk because assets are not concentrated in a single intermediary.
In addition, implementing a price-time priority system for limit orders aims for fairness in order queuing, which is especially important in fast-paced markets.
Order execution latency of less than 1 ms targets scalpers and high-frequency traders.
Celeris aims for order execution latency of under 1 ms by leveraging Monad's parallel execution, suitable for scalping and high-frequency trading strategies.
Lag is a key factor with perp because rapid price changes can distort entry points, increase slippage, and impact PnL.
Celeris positions speed as a differentiating factor within the Perp DEX group, especially when combined with the PLOB model to maintain liquidation depth.
With strategies involving many small orders, processing speed and infrastructure stability often determine the ability to replicate CEX-like performance in a decentralized environment.
Celeris enables fast launch of the new Perpetual, supporting leverage up to 50x.
Celeris allows for the rapid creation of perp markets for Token within the Monad system and supports leverage up to 50x, with a standard 8-hour funding payout rate.
The ability to quickly list perps allows for the expansion of the number of markets within the Monad ecosystem without lengthy governance processes or complex bootstrapping.
With high leverage, the platform targets traders familiar with CEX trading, but it also entails strict risk management requirements (position size, margin level, liquidation points).
The 8-hour funding rate makes the mechanism of Peg the price per unit (PERP) to the underlying market familiar to most Derivative users.
Dual Oracle Pyth and Chainlink reduce the risk of price manipulation.
Celeris utilizes the dual oracle Pyth and Chainlink , along with a fallback mechanism, to mitigate the risk of price manipulation, especially during the initial mainnet launch phase.
Oracles are a core component of perp because the reference price directly impacts funding, liquidation, and market protection mechanisms.
Combining two common price sources and a fallback design aims to reduce the risk of data disruption or unusual price discrepancies.
In the early stages of a mainnet, when liquidation and market behavior are still unstable, a cautious oracle design is often XEM crucial to mitigating systemic risk.
Celeris' development status and official communication channels.
Celeris is currently on Testnet v0 and is aiming for Mainnet by the end of 2025; roadmap details, team, investors, and tokenomics are still being updated.
The current announcement focuses on product architecture (PLOB, speed, oracle, leverage) and the direction of expanding perp for Token within the Monad ecosystem.
Sections such as the development roadmap, core team, investors, tokenomics, and "exchange" information are currently in an "Update…" state, so users should monitor the official channel for the latest announcements, especially regarding terms of use, risks, and changes to product specifications.
Project information channel
- Website: https://celeris.exchange/
- X (Twitter): https://x.com/0xCeleris
- Telegram: https://t.me/celeris_community
Frequently Asked Questions
How is Celeris different from traditional CLOBs?
The difference is that Celeris uses a PLOB model with a shared liquidation pool supporting multiple markets, instead of each market having its own separate liquidation like CLOB, thereby reducing liquidation Shard and potentially minimizing slippage.
What are the benefits of having 100% on-chain PLOB?
100% on-chain PLOB enhances transparency and order matching verification on Explorer, while reducing the risks associated with intermediary custody and front-running issues as described in the project.
What stage is Celeris currently in, and when will the mainnet be released?
The project is currently in Testnet v0 and is preparing for the mainnet launch, expected in late 2025, while many aspects such as tokenomics and the roadmap are still being updated.
What is the maximum leverage Celeris supports and what is the funding cycle?
Celeris supports a maximum leverage of 50x and funding is paid every 8 hours, in accordance with industry standards published by the project.
Which oracle does Celeris use to get prices?
Celeris combines the dual Pyth and Chainlink oracles with a fallback mechanism to reduce the risk of manipulation or disruption of price data during the initial operational phase.
