Bitcoin Dominance Perpetual

Submitted Feb 7, 2026

Application Details

Basic Information

Contact Name
Ted Khoo
Telegram
teddyk217
X Profile
@teckykhoo

Team & Background

Who are you?
A retail trader that loves crypto, who has been buying and selling crypto since 2020. I started with buying coins on centralized exchanges such as Binance and Kucoin, until 2024. After Hyperliquid's TGE, I moved on to trading perps for maximum capital efficiency, and the ability to short coins.
Previously Deployed
No

Market Proposal

Assets to Deploy
Bitcoin Dominance Perpetual (BTCD-USDC) Bitcoin dominance has been a popular metric widely used by traders everywhere. When dominance shows weakness, excitement of a potential alt-season starts brewing. CT bulls get excited. Social interest climbs. When dominance drops to the low 40s and bottom appears to be forming, traders plan their exit from altcoins. Bitcoin dominance says a lot about the market. And countless traders listen to it. However, there isn't yet a venue where traders can speculate on bitcoin dominance directly. Even when dominance looks topped / bottomed, traders can only take directional bets on individual assets, or rotate between bitcoin and altcoins manually. A Bitcoin dominance perpetual product solves this, and perps.fun is the perfect venue to deploy it. Why a Bitcoin dominance perpetual makes sense -first of its kind -already a well-known metric among traders -capped volatility -essentially manipulation resistant due to size and it being a % ratio -robust index -long hold-time and thus higher fees over time
Market Type
Crypto
Exists on Other Venues
No
Differentiation
no
Target Leverage
10x
Market Makers
No

Oracle & Distribution

Data Source
SEDA
Price Construction
The BTC Dominance index will be computed using TWAP prices sourced from multiple high-liquidity spot venues for BTC and the top 20 non-stablecoin cryptocurrencies. Prices are aggregated using TWAP to reduce short-term volatility and manipulation. Oracle execution, data fetching, aggregation, and verification are handled via SEDA, providing decentralized oracle infrastructure, median aggregation, and verifiable computation guarantees. This design minimizes single-source dependency and mitigates short-term manipulation risk. Market capitalization is computed using circulating supply data updated periodically, and the index is subject to standard rate-of-change limits and circuit breakers to ensure stability during periods of market stress. The resulting index is designed to closely track the commonly referenced TradingView BTC.D series for trader familiarity, while relying on transparent, auditable oracle construction for pricing integrity.
Volume Strategy
Volume will be driven by positioning BTC Dominance as the core leveraged instrument for BTC-vs-alt rotation, risk-on/risk-off expression, and portfolio hedging. Growth will be accelerated through direct onboarding of high-volume perp traders, visibility during BTC and alt-season inflection points, and short-term launch incentives to seed liquidity. The market is designed to encourage frequent re-positioning, funding-rate arbitrage, and cross-market strategies, generating sustained, repeat trading activity across all market regimes.
Distribution Channel
No

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