Pear Protocol

Pear Protocol is an on-chain spread trading platform allowing users to create leveraged long and short positions on different assets. Spread trading — or specifically pair trading — is the idea that an investor can short one asset while longing another.

Seed Round: $1.25 Million

Whitepaper

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What is Pear Protocol

Pear Protocol is an array of engineering solutions aimed to address the inherent inefficiencies and complexities when pair-trading cryptocurrencies. By enabling leveraged long and short positions within a single on-chain transaction, the protocol significantly improves the process of pair-trading execution, with a superior front-end for risk management.

This is done by integrating a wide array of on-chain trading engines with a dedicated UI and UX, thus simplifying the process of opening simultaneous long and short positions in correlated assets. For example, initiating a long position in $BTC while shorting $ETH (with leverage) at the same time.

By integrating with various trading engines (e.g., GMX, Vertex and SYMM), Pear Protocol becomes liquidity agnostic, ensuring that users always have access to the deepest liquidity possible. The platform's design emphasizes not only scalability but also flexibility - whereby users can manage margin, leverage and other parameters like net funding in a seamless manner.