Announcements

Capital efficiency unlocked. You can now enable your DLP shares as collateral for perpetual positions — so the same balance earns vault yield and margins your trades.

Two return streams, one deposit

• Passive: DLP keeps accruing protocol fees and backstop liquidation income while it sits in your account.
• Active: That same DLP value counts toward the margin behind your perp positions — no need to choose between depositing into the vault and trading.

10% collateral haircut

Only 90% of your DLP NAV counts toward margin. The 10% haircut is a buffer against vault NAV moves and shared liquidation risk — your DLP collateral can be partially or fully liquidated if your positions move hard against you.

How to enable it

Open the Collateral tab in the trade page (next to Balances), toggle Enable as Collateral on your DLP balance, and acknowledge the risks. Your DLP value (after the 10% haircut) flows into your available margin immediately. Manage it any time from the same tab.

Trade now: app.decibel.trade

Now available to trade: WTIOIL

The WTI crude oil perpetual market is now live 24/7 — trade through nights, weekends, and holidays, with no market close. You can now long or short WTIOIL with up to 10x leverage.

Start trading now at app.decibel.trade/trade/WTIOIL-USD

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

Now available to trade: MEGA

The MEGA perpetual market is now live. You can now long or short MEGA with up to 3x leverage.

Start trading now at app.decibel.trade/trade/MEGA-USD

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

Now available to trade: CHIP

The CHIP perpetual market is now live. You can now long or short CHIP with up to 3x leverage.

Start trading now at app.decibel.trade/trade/CHIP-USD

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

The Card Vault is live. Trade on Decibel to earn tickets for weekly drawings of real, professionally graded Pokémon cards.

The vault

• 8-week campaign with a weekly winner
• 49 graded cards worth $30K+, revealed week by week
• Tokenized custody and claim flow powered by Courtyard

How to earn tickets

• Connect your wallet and enroll a subaccount. Only volume traded on your enrolled subaccount counts — your enrolled subaccount is locked for the duration of the campaign, so pick your primary one.
• First ticket at $1K weekly volume. Every additional $50K of volume earns another ticket ($50K, $100K, $150K …), capped at 20 tickets per week.
• Tickets reset every Monday at 00:00 UTC. Each week is a fresh start.
• AMPs still accrue as normal. Card Vault tickets and AMPs run in parallel — no tradeoff.

Weekly cadence

• Wednesday 17:00 UTC — the week's pack is revealed, and the designated weekly prize card is announced.
• Sunday 17:00 UTC — winners are drawn from all enrolled users with ≥1 ticket that week. More tickets = better odds, but even 1 ticket can win.
• Past winners stay eligible for every remaining week as long as they keep earning tickets.

Claiming

Winners have 7 days to claim via Courtyard — keep it vaulted as a digital collectible or redeem for physical shipping.

Enroll and start trading: app.decibel.trade/card-vault

Now available to trade: SILVER

The SILVER perpetual market is now live 24/7. You can now long or short SILVER with up to 10x leverage.

Start trading now at app.decibel.trade/trade/SILVER-USD

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

Now available to trade: GOLD

The GOLD perpetual market is now live 24/7. You can now long or short GOLD with up to 10x leverage.

Start trading now at app.decibel.trade/trade/GOLD-USD

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

Trade Decibel with AI — the Decibel MCP Server is here.

The Decibel CLI can now run as an MCP (Model Context Protocol) server, giving AI assistants like Claude direct access to your Decibel trading account.

What you can do:

• Place and cancel orders — limit orders with time-in-force (GTC, post-only, IOC), market orders with slippage control, and advanced order types like TWAP. Supports reduce-only mode and client order IDs for tracking
• Monitor positions and balances — view open positions, open orders, trading account value, and margin info
• Check markets — fetch prices, funding rates, open interest, order book depth, and available market configurations
• Manage risk — set leverage with cross or isolated margin, and use reduce-only orders to safely close positions

Read the docs to get started

A lot has shipped since Mainnet launch. Here's everything new on Decibel.

Cross-Chain & Wallet Support

• Sui is now a supported cross-chain account. Deposit, withdraw, and manage collateral from Sui wallets — joining Ethereum, Solana, Base, and Arbitrum.
• WalletConnect support for both EVM and Solana wallets. Connect your preferred wallet app for cross-chain deposits and withdrawals.
• Solana auto-claim withdrawals. CCTP withdrawals to Solana now auto-claim — no manual claim step required. Progress is shown directly in the withdrawal timeline.
• Stranded USDC prompt. If you have USDC sitting on another chain, the trade page now prompts you to deposit it cross-chain.
• Transfer status visible everywhere. The transfer progress card now appears across all pages, not just the trade page.

Trading Experience

• Hourly funding rates. Funding now accrues and settles every hour instead of every 8 hours, giving you more granular cost management. A countdown timer in the market header shows time to next settlement.
• TP/SL lines on chart. Take-profit and stop-loss levels are now drawn directly on the TradingView chart for both full-position and fixed-size TP/SL orders.
• Grouped trade history. The Trade History tab now groups individual fills under their parent order, so you see trades — not fragments.
• Instant close. A new "Instant Close" option in the position close dropdown executes a market close immediately, skipping the confirmation modal.
• Redesigned mobile trade page. A fully rebuilt mobile trading experience with a more compact layout.
• 5 trade screen layouts. Choose from Default, Orderbook Left, Order Form Left, Compact Left, or Chart Full — your layout persists across sessions.
• Compact trading tables. Positions, orders, and trade history tables are tighter with left-aligned columns for easier scanning.
• Deeper orderbook. More price levels visible by default, and the mobile orderbook now shows bids on the left to match convention.

Vaults

• Redesigned vault deposit and withdraw cards. Cleaner layout with better clarity on locked vs. withdrawable balances.
• DLP Shares in balances tab. Your DLP share balance is now visible in the Balances tab. Aptos wallet users can deposit and withdraw DLP directly from here.
• Vault PnL now includes fee income. The PnL chart and account overview now reflect backstop liquidation fee distributions, giving vault depositors a more accurate picture of returns.
• APR display. Vault performance shown as annualized return with explanatory tooltips.
• Vault table sorting. Sort vaults by any column — your preference persists in the URL.

Campaign Rewards

• Maker fee rebate and liquidation rebate campaigns are live. Eligible traders receive USDC rebates — 25% of maker fees paid, and 50% of liquidation losses (capped at $1,000 per account).
• In-app claim notification. A claim popup appears when you have unclaimed campaign rewards. Claim your USDC directly from the notification — no separate page needed.

For Builders

• Gas Station templates. Sponsor gas fees for your users so they never need to hold APT. Download templates and follow the setup guide in our docs.
• New public API endpoints: GET /api/v1/orderbook, GET /api/v1/contracts, and GET /api/v1/contract_specs.

Trade now: app.decibel.trade

Now available to trade: AAVE, ADA, LINK, NEAR, TAO, WLFI

Six new perpetual markets are live. You can now long or short the following assets:

• AAVE with up to 5x leverage — app.decibel.trade/trade/AAVE-USD
• ADA with up to 5x leverage — app.decibel.trade/trade/ADA-USD
• LINK with up to 5x leverage — app.decibel.trade/trade/LINK-USD
• NEAR with up to 5x leverage — app.decibel.trade/trade/NEAR-USD
• TAO with up to 3x leverage — app.decibel.trade/trade/TAO-USD
• WLFI with up to 3x leverage — app.decibel.trade/trade/WLFI-USD

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

Now available to trade: BNB, ZEC, XRP, DOGE, SUI

Five new perpetual markets are live. You can now long or short the following assets:

• BNB with up to 3x leverage — app.decibel.trade/trade/BNB-USD
• ZEC with up to 5x leverage — app.decibel.trade/trade/ZEC-USD
• XRP with up to 10x leverage — app.decibel.trade/trade/XRP-USD
• DOGE with up to 5x leverage — app.decibel.trade/trade/DOGE-USD
• SUI with up to 3x leverage — app.decibel.trade/trade/SUI-USD

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

Five guilds, five KOL commanders, battling for bragging rights as the top guild on Decibel Mainnet.

Phase 1: Guild Selection — Feb 26 – Mar 1

• Visit guilds.decibel.trade and pick your guild
• Deposit $10 into that guild's vault to enlist
• Deposits are only for selection — fully withdrawable when Phase 2 starts
• If you deposit into multiple vaults, your last deposit locks in your guild

Phase 2: Trading Competition — Mar 1 – Mar 15

• All trading happens on the Decibel app
• Guild and individual rankings are based on realized P&L (%)
• Achieve the highest P&L% to lift your guild and secure your spot as a top scorer

Rewards — 25,000 AMPs total

• 1st place: 15,000 AMPs
• 2nd place: 5,000 AMPs
• 3rd place: 2,500 AMPs
• 4th place: 1,500 AMPs
• 5th place: 1,000 AMPs

Track the leaderboard at guilds.decibel.trade.

Today, Decibel Mainnet is live.

Decibel launches as a fully onchain CLOB where execution, custody, and risk controls are transparent by default. Our vision is to become the most used and trusted exchange in the world and the settlement layer for how all assets are exchanged.

Mainnet includes:

• Fully onchain perps CLOB
• Decibel Liquidity Pool (DLP) and user managed vaults
• Protocol-native market making + liquidation backstop
• Unified, Cross-margin accounts
• Subaccounts
• Professional-grade APIs
• Bulk + asynchronous orders
• Chainlink-powered oracle infrastructure
• Onchain risk + liquidation logic
• Cross-chain onboarding (Ethereum, Solana, others)
• Points + aligned incentive programs

Decibel is built so markets feel as fast and capable as the best centralized exchanges, while remaining auditable and composable like open infrastructure.

This launch also introduces the economic foundation behind Decibel, including our protocol-native stablecoin design (usDCBL) in collaboration with Bridge, which will be integrated on the exchange in the coming weeks. By retaining more economic value within the protocol, Decibel expands what’s possible long-term: lower structural reliance on fees, more flexibility in growth, and stronger alignment with traders.

This is just the beginning.

Over the next 12 months, Decibel will expand beyond crypto perps into spot, multicollateral margin, and real-world asset exposure, building toward a single execution layer for global liquidity.

Mainnet is live.

Trade now: app.decibel.trade

Decibel Pre-deposits are now live. By depositing, you’ll secure early access and become a Decibel Season 0 points holder (points begin accruing once your deposit is confirmed).

Benefits of participating:

• Earn Decibel points from your first deposits and climb the Season 0 ranking.
• Status tiers: Your Season 0 status updates automatically based on deposit size (e.g., Gold, Platinum, Diamond).
• Qualify for USDC-denominated reward distributions as an early participant.
• Get priority access to the Decibel Mainnet Beta.
• Eligible wallets receive early DLP allocation once launch goes live.

How it works: deposit to accrue time-weighted points, then your Season 0 points/priority are snapshotted at campaign end.

Link: app.decibel.trade/pre-deposits