What is Temporal Exchange?

Temporal Exchange is a DeFi protocol that reduces liquidation risk for perpetual futures traders. Instead of closing a position or using stop losses, traders use Temporal to reshape their P&L curve, which pushes the liquidation floor further away while keeping the underlying position open. This is achieved through 'bands', which are bounded slices of a perp's payoff equivalent to American-style perpetual options.

What are bands on Temporal?

Bands are bounded slices of a perpetual futures position's payoff. They are equivalent to American-style perpetual options (when no outer bound is specified) or vertical spreads (when an outer bound is specified). All sold bands are fully backed by the trader's perp notional. Traders swap one band for another of equal value at the time of trade; all trades are premium-neutral.

How does auto-protect work on Temporal?

Auto-protect exchanges gains on approximately 15% of notional above a strike threshold in return for pushing the liquidation floor approximately 10% lower. For example: a 10x leverage long BTC at $70k entry with auto-protect selected would cap gains above $77k but give ~50% more margin efficiency, representing 8x effective leverage gains with only 5.4x liquidation risk.

What are Temporal's fees?

Users pay three fees: (1) the Hyperliquid perpetual DEX transaction fee based on the trader's HL fee tier, (2) a 0.5% transaction fee to Temporal LPs on sold bands notional, and (3) a 0.01% Temporal platform fee on sold bands notional.

What exchange is Temporal built on?

Temporal is built on top of Hyperliquid, a high-performance decentralized perpetuals exchange. Temporal opens long positions in a 'Long Perp Wallet' and short positions in a 'Short Perp Wallet' on Hyperliquid to avoid netting, and hedges pool risk automatically using Hyperliquid orders.

Trade perps anywhere + transfer unwanted exposure

Route across exchanges for best execution; Temporal's native AMM warehouses residual risks

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