Skip to main content
Scape lists perpetual futures on regional commodity markets. All are quoted in the underlying market’s local currency and settled in USDC as quanto contracts — there is no FX conversion at any point.

​
Contract Specifications

Every Scape market defines the same set of parameters: Risk is isolated per market — each market carries its own leverage limits and open-interest cap, so no single market can contaminate the wider book.

​
External Coverage

External prices are derived from composite spot assessments published by Scape’s reporter network, validated and relayed on-chain on a regular cadence. No FX conversion is applied. Regional assessments publish during local market sessions. Coverage is dark during:
  • Weekends.
  • Regional public holidays.
  • Gaps between local trading sessions.
During dark windows the perp continues to trade. The oracle advances under a bounded discovery mechanism anchored to the last published print, and holds flat on public holidays. See Oracle Price for the off-hours methodology.
Holiday calendars follow the official schedule of each underlying regional market and can hold the oracle for multiple consecutive days during extended closures.

​
Quanto Payoff

There is no contract multiplier. P&L is the position quantity times the change in the local-currency price, paid one-for-one in USDC: PnL (USDC)=quantity×(exit price−entry price)\text{PnL (USDC)} = \text{quantity} \times (\text{exit price} - \text{entry price}) Example. Long 1.0 contract; the price rises 50 units in local currency. P&L is +50 USDC. Quantities can be fractional, so a 0.001-contract position gains 0.05 USDC on the same move.