NOT CONNECTED
Live Testnet Demo · Base Sepolia · PerpifyReopen.sol

The Reopen Gap
Is The Bug.
We Fixed It.

Connect your wallet and trigger a real reopen event on-chain. Watch sequenced clearing execute — not a simulation. A live contract call on Base Sepolia.

Contract
0x5FbDB2315678afecb367f032d93F642f64180aa3
● LOCAL HARDHAT
Market State
—
Total OI
—
Shield Fund
—
Bad Debt
—
Simulation Controls
Gap Size (down) −3.2%
S&P 500 Close Price $4,800
Max Leverage 6×
Insurance Shield Usage
0%
0%50%100% = INSOLVENT
Open Positions
—
Shield Fund
—
Bad Debt
—
Shield Used
—
Protocol Solvent
—
  On-Chain Event Stream
Connect your wallet to begin. MetaMask required.
────────────────────────
This demo executes real on-chain transactions.
Events are emitted live by the deployed contract.
All transactions visible on BaseScan.
────────────────────────
Step 1 — Connect wallet
Step 2 — Open test positions
Step 3 — Close the market (Friday 16:00)
Step 4 — Trigger reopen gap (Monday 09:30)
0/10,000

Worst-case S&P 500 reopen scenarios. Zero insolvencies.

The naive venue breached its insurance shield in 1 out of 10,000 scenarios — reaching 103.78% shield usage. Perpify's baseline architecture held max shield usage at 13.12% across the same scenarios.

Even under doubled OI and 8× leverage, the stressed architecture peaked at 44.95% with zero insolvencies. The margin of safety is not marginal. It is structural.

✓ Zero Insolvencies · Full Python Script Available on Request