Takepile is a decentralized perpetual exchange on Fantom offering low fees, no-slippage trading, no funding rates, and guaranteed solvency through its novel "pile" liquidity system. Takepile utilizes a novel liquidity system called the "pile" system, where traders deposit an underlying asset such as DAI, USDB or wFTM, and receive a pileToken (ex: pileDAI or pileFTM) to trade with. A pileToken functions similar to an LP token, where it represents a trader’s ownership of the underlying asset found in a pile. If a trader owns 10% of all pileDAI, they are entitled to 10% of all DAI in a pile.
TAKE token is the utility token behind Takepile: hold TAKE to unlock different tiers of leverage, stake your TAKE on a pile to earn fee share, or contribute to the TAKE/USDC LP and stake it in one of the LP Vaults for weekly rewards.