On-Chain Perpetuals Infrastructure

Polkadot Hub Testnet · Non-Custodial · 50× Leverage

A fully on-chain perpetuals exchange deployed on Polkadot Hub Testnet.
Mock Chainlink price feeds · Binance live prices · CCIP cross-chain margin · 50× leverage.

🚀 Live App  ·  💻 Source Code  ·  📜 Docs  ·  🚰 Get Testnet PAS

Short.Demo.mp4

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🎯 What Makes Nexus Different

Problem With Existing Protocols	Nexus Solution
Oracle manipulation via thin markets	MockAggregatorV3 with per-asset heartbeat staleness guards
Liquidity fragmented across chains	CCIP cross-chain margin relay with nonce replay protection
Custodial bridges introduce counterparty risk	All collateral lives in PerpsVault.sol — non-custodial, on-chain
LP inflation attacks on first deposit	MINIMUM_LIQUIDITY = 1000 shares permanently burned on genesis deposit
Dust sweep / precision drain	scaledAmount % DECIMALS_SCALAR != 0 enforced on every withdrawal
Stale oracle prices	Binance WebSocket drives live PnL; entry price saved locally at trade execution

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📑 Table of Contents

1. 🏛️ Architecture
2. ✅ Deployed Contracts
3. 🧩 Contract Reference
4. 💻 Frontend Stack
5. 🧪 Test Suite & Coverage
6. 🛠️ Local Setup
7. 🔐 Security Model

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🏛️ Architecture

Five isolated protocol layers. A failure in cross-chain routing cannot affect vault solvency. The oracle layer is fully stateless with zero write access to core contracts.

┌──────────────────────────────────────────────────────────────────┐
│                        USER / DAPP                               │
│         RainbowKit · Wagmi v2 · Viem · Next.js 15 App Router     │
└───────────────────────────┬──────────────────────────────────────┘
                            │
┌───────────────────────────▼──────────────────────────────────────┐
│                      TRADING ENGINE                              │
│   PositionManager.sol  ·  PnLCalculator.sol  ·  LiquidationEngine│
│   Market & limit orders · Isolated/Cross margin · Batch keepers  │
└────────────┬─────────────────────────────────┬───────────────────┘
             │                                 │
┌────────────▼────────────┐       ┌────────────▼───────────────────┐
│      VAULT LAYER        │       │        ORACLE LAYER            │
│   PerpsVault.sol        │       │   PriceOracle.sol              │
│   18-dec precision      │       │   MockAggregatorV3 (BTC+ETH)   │
│   LP share system       │       │   Heartbeat staleness guard    │
│   settleTrade / PnL     │       │   Binance WS live prices       │
└─────────────────────────┘       └────────────────────────────────┘
             │
┌────────────▼────────────────────────────────────────────────────┐
│                  CROSS-CHAIN LAYER  (CCIP)                      │
│   CrossChainRouter.sol ── encodes & sends trade requests        │
│   MessageReceiver.sol  ── decodes, deduplicates nonce, executes │
│   Source chain + sender whitelist · try/catch pipeline safety   │
└─────────────────────────────────────────────────────────────────┘

Core Design Invariants

1. No off-chain trust — Price discovery, execution, liquidation, settlement — all fully on-chain.

2. 18-decimal precision throughout — DECIMALS_SCALAR = 10^(18 - tokenDecimals) normalizes USDC (6 dec) to 1e18 internally.

3. Vault solvency is an invariant — 128 runs × 50 calls = 6,400 randomized state mutations, zero reverts.

4. Isolated margin by default — Cross-margin mode uses _calculateGlobalPnL iterating all active positions.

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✅ Deployed Contracts

All contracts deployed on Polkadot Hub Testnet (Chain ID: 420420417).

Explorer: blockscout-passet-hub.parity-testnet.parity.io
RPC: services.polkadothub-rpc.com/testnet

Core Trading Engine

Contract	Address
PositionManager	0xd16150d0B2a04ECb1Aa09f840556347D5251fB53
PerpsVault	0x9495fE47049a7aFe8180E9e8Aee743D533c67173
LiquidationEngine	0x01721d6502547faFD3049BE60b1485B12407f58B
PriceOracle	0x7C002F51B8D4F06275D43cFD1F15EcbFE7A52803
PriceKeeper	0x481EC593F7bD9aB4219a0d0A185C16F2687871C2

Oracle Feeds & Assets

Asset	Address	Notes
MockUSDC	0xDFdb18430C5C5C1EB4F9Abd69a78952f9BC3Afab	6-decimal collateral
MockWETH	0xE3579516aeB339A4a8624beadaE256619E77F61E	Test asset
MockWBTC	0x20e9D3Ef17753EC0a0349eA7e26c8B8fd2B1A119	Test asset
ETH Feed	0xCbE91D0b302d4eD146eE0CFfbe0d23E93e655d94	MockAggregatorV3
BTC Feed	0xf3878A726cF855EDF11C8aCbA38bEBd817fa9F23	MockAggregatorV3

Cross-Chain (CCIP)

Contract	Address
CrossChainRouter	0x8768d7470681a81caeA781285c9478dFDD7312e9
MessageReceiver	0xdcd169ca4Ab081C1B926Dc56430ADa8fE1E10A64

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🧩 Contract Reference

Repository Structure

nexus-polka-perps/
├── src/
│   ├── core/
│   │   ├── PositionManager.sol        # Trading engine: market/limit/liquidate/cross-chain
│   │   ├── PerpsVault.sol             # Collateral & LP vault (18-dec precision)
│   │   └── LiquidationEngine.sol      # Keeper-compatible batch liquidator
│   ├── math/
│   │   └── PnLCalculator.sol          # Pure library: PnL, liquidation health, overflow guards
│   ├── oracles/
│   │   └── PriceOracle.sol            # MockAggregatorV3 wrapper + heartbeat staleness
│   ├── mocks/
│   │   ├── MockAggregatorV3.sol       # Chainlink-compatible mock feed
│   │   ├── PriceKeeper.sol            # Permissioned price updater (60s cooldown)
│   │   ├── MockUSDC.sol
│   │   ├── MockWBTC.sol
│   │   └── MockWETH.sol
│   ├── cross-chain/
│   │   ├── CrossChainRouter.sol       # CCIP message sender + fee estimation
│   │   └── MessageReceiver.sol        # CCIP receiver + nonce dedup + try/catch execution
│   ├── account-abstraction/
│   │   ├── SmartAccount.sol           # ERC-4337: EIP-712 signing, nonce, batch execution
│   │   ├── AccountFactory.sol         # CREATE2 deterministic EIP-1167 clone factory
│   │   └── NexusPaymaster.sol         # Verifying paymaster, chain-ID bound
│   ├── interfaces/
│   │   ├── IPerpsCore.sol
│   │   ├── IPriceOracle.sol
│   │   ├── ICrossChain.sol
│   │   └── IEntryPoint.sol
│   └── errors/
│       └── PerpsErrors.sol            # Centralized custom error library
└── web3-app/
    └── src/
        ├── app/
        │   ├── trade/page.tsx         # Trading interface (Binance WS + lightweight-charts)
        │   ├── vaults/page.tsx        # LP vault interface
        │   ├── portfolio/page.tsx     # Position dashboard
        │   └── docs/page.tsx          # Protocol documentation
        ├── hooks/
        │   ├── useVaultOperations.ts
        │   ├── useLPOperations.ts
        │   ├── useVaultStats.ts
        │   └── usePortfolioData.ts
        └── constants/
            ├── contracts.ts           # All deployed addresses + ABIs
            └── abis/                  # Auto-generated ABI JSON files

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Contract Deep-Dives

PositionManager.sol — Trading Engine

Full position lifecycle: open → update → close → liquidate.

• Market Orders — openPosition() validates oracle price, locks collateral in vault, stores position at current mock Chainlink price
• Limit Orders — placeLimitOrder() locks collateral optimistically. Keeper calls executeLimitOrder() when price condition met
• Cross-Chain Trades — executeCrossChainTrade() gated by onlyCrossChainReceiver
• Liquidations — Isolated mode uses PnLCalculator.isLiquidatable(). Cross-margin computes totalEquity = vaultCollateral + globalPnL

PerpsVault.sol — Collateral & Liquidity

Single contract holding all trader collateral and LP liquidity.

• Dual accounting — traderCollateral (free) and lockedCollateral (in positions) tracked separately
• LP Shares — First deposit burns MINIMUM_LIQUIDITY = 1000 permanently preventing inflation attacks
• settleTrade() — Atomically unlocks collateral → adjusts totalLiquidity for PnL → credits payout to trader
• Dust prevention — withdraw() enforces scaledAmount % DECIMALS_SCALAR == 0

PnLCalculator.sol — Math Library

Pure Solidity library, zero state.

positionSize   = (collateral × leverage) / 1e18
PnL            = (priceDelta × positionSize) / entryPrice
isLiquidatable = equity ≤ maintenanceMargin
               = (collateral + PnL) ≤ (collateral × liquidationThresholdBps / 10000)

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💻 Frontend Stack

Next.js 15 App Router with zero backend dependency for read operations.

Layer	Technology
Framework	Next.js 15 (TypeScript, App Router)
Blockchain	Wagmi v2 + Viem
Wallet UI	RainbowKit (MetaMask, Bitget, OKX)
Queries	TanStack Query v5
Charts	lightweight-charts (Binance REST API klines)
Live Prices	Binance WebSocket (wss://stream.binance.com)
Styling	Tailwind CSS + Framer Motion
Network	Polkadot Hub Testnet (Chain ID: 420420417)

Key Frontend Features

• Live PnL — Binance WebSocket prices drive real-time P&L display independent of on-chain oracle
• Entry Price — Saved locally at trade execution time, survives page refresh
• Position Polling — 2s refetch interval, aggressive retry after open/close
• Lightweight Charts — Fast candlestick chart via Binance REST API klines

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🧪 Test Suite & Coverage

forge test        # 95 tests, ~3s
forge coverage    # coverage report
forge test -vvv   # verbose with traces

Invariant Tests (128 runs × 50 calls = 6,400 state mutations, 0 reverts):

╭─────────────────────┬────────────────────┬───────┬─────────┬──────────╮
│ Contract            │ Selector           │ Calls │ Reverts │ Discards │
╞═════════════════════╪════════════════════╪═══════╪═════════╪══════════╡
│ PositionHandler     │ changeOraclePrice  │ 1,541 │       0 │        0 │
│ PositionHandler     │ createTrader       │ 1,603 │       0 │        1 │
│ PositionHandler     │ openRandomPosition │ 1,659 │       0 │        0 │
│ PositionHandler     │ tryLiquidation     │ 1,598 │       0 │        0 │
╰─────────────────────┴────────────────────┴───────┴─────────┴──────────╯

• invariant_VaultIsSolvent — totalLiquidity ≥ 0 holds across all mutations
• invariant_InternalAccountingConsistent — internal balances match ASSET.balanceOf(vault)
• invariant_MaxActiveAssetsRespected — no trader exceeds maxActiveAssets

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🛠️ Local Setup

Prerequisites

• Foundry (forge, cast, anvil)
• Node.js ≥ 18

Smart Contracts

git clone https://github.com/NexTechArchitect/nexus-polka-perps.git
cd nexus-polka-perps

# Install Foundry dependencies
forge install

# Run full test suite (95 tests)
forge test -vv

# Deploy to Polkadot Hub Testnet
cp .env.example .env
# Fill: PRIVATE_KEY

forge script script/deploy/01_DeployMocks.s.sol  --rpc-url polkadot-testnet --broadcast --legacy
forge script script/deploy/02_DeployOracle.s.sol --rpc-url polkadot-testnet --broadcast --legacy
forge script script/deploy/03_DeployVault.s.sol  --rpc-url polkadot-testnet --broadcast --legacy
forge script script/deploy/04_DeployCore.s.sol   --rpc-url polkadot-testnet --broadcast --legacy
forge script script/deploy/05_DeployCCIP.s.sol   --rpc-url polkadot-testnet --broadcast --legacy

Frontend

cd web3-app
npm install --legacy-peer-deps
npm run dev
# → http://localhost:3000

Network Config (foundry.toml)

[rpc_endpoints]
polkadot-testnet = "https://services.polkadothub-rpc.com/testnet"

[etherscan]
polkadot-testnet = { key = "no-key", url = "https://blockscout-passet-hub.parity-testnet.parity.io/api" }

Get Testnet Tokens

Token	Faucet
PAS (gas)	faucet.polkadot.io
USDC (collateral)	Mint via MockUSDC.mint() or ask deployer

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🔐 Security Model

Attack Vector	Mitigation
Oracle price manipulation	MockAggregatorV3 + block.timestamp - updatedAt > heartbeat staleness revert
Reentrancy	ReentrancyGuard on all vault state-changing functions
LP share inflation attack	MINIMUM_LIQUIDITY = 1000 permanently burned on genesis deposit
Dust sweep / precision drain	scaledAmount % DECIMALS_SCALAR != 0 reverts on withdrawal
Cross-chain replay	Per-trader nonce map in MessageReceiver
Unauthorized cross-chain calls	onlyCrossChainReceiver + source chain whitelist + sender whitelist
Over-withdrawal during active position	lockedCollateral tracking prevents withdrawing margin from open positions
Keeper reward rug pull	rescueTokens() blocks PROTOCOL_ASSET from owner withdrawal
CCIP pipeline blocking	try/catch in _ccipReceive — failed trades emit TradeFailed, never block pipeline

⚠️ No formal external security audit has been conducted. Deployed on Polkadot Hub testnet with testnet assets only. Do not use with real funds.

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⚠️ Testnet Disclaimer

Nexus Perps runs exclusively on Polkadot Hub Testnet (Chain ID: 420420417). All assets are testnet tokens with zero real-world value. Get PAS gas tokens from faucet.polkadot.io. This is not financial advice.

Built with ⚡ by NexTech Architect

Built for the Polkadot Solidity Hackathon 2026