What is PINGU?

Pingu Exchange is a perpetuals dexentralized exchange built on the Monad blockchain, enabling users to speculate on a wide array of assets—including cryptocurrencies, equities, forex, commodities, indices, and real-world assets (RWAs)—with leverage up to 100x, while ensuring complete transparency through decentralized execution without centralized order books or backend opacities.

Trades are settled in stable assets like USDC or MON, with pricing sourced from oracles that aggregate the deepest liquidity pools for accurate, manipulation-resistant feeds, allowing seamless long or short positions in a scalable EVM-compatible environment that supports genuine decentralization and low-latency performance.

Complementing trading, liquidity providers deposit into specialized vaults to earn from swap fees and net trader losses, backed by a Stability Fund that mitigates drawdowns for more predictable yields, fostering a balanced ecosystem where active speculators amplify opportunities and passive participants benefit from protocol-generated value.