  This whitepaper introduces an innovative mechanism for pricing perpetual
contracts and quoting fees to traders based on current market conditions. The
approach employs liquidity curves and on-chain oracles to establish a new
adaptive pricing framework that considers various factors, ensuring pricing
stability and predictability. The framework utilizes parabolic and sigmoid
functions to quote prices and fees, accounting for liquidity, active long and
short positions, and utilization. This whitepaper provides a detailed
explanation of how the adaptive pricing framework, in conjunction with
liquidity curves, operates through mathematical modeling and compares it to
existing solutions. Furthermore, we explore additional features that enhance
the overall efficiency of the decentralized perpetual protocol.
