The capital layer for perpetual markets. Perp positions become ERC-20 rTokens. Extract, trade, or redeploy the liquidity without closing the position.
RYex: perp positions, programmable
A trader opens a position on GMX V2 through a RYex keeper vault and mints rTokens against it while the trade stays open. The rTokens track the underlying asset and can be sold on the RYex DEX for USDC.
Lending against a leveraged position is hard because the collateral can disappear. If the venue liquidates first, the debt is left unbacked. RYex is built to act first:
In the danger zone, anyone can partially redeem a vault at the oracle price, which shrinks the position with no penalty to the user.
At the liquidation threshold, which sits before the venue's own, RYex closes the position at the oracle price and sets aside USDC for the debt.
A settlement vault buys back and burns the rTokens afterwards, so liquidation never waits for a buyer.
Every vault is isolated and priced at the oracle, with a backup oracle and the GMX contract as the final fallback. Vaults, minting, the DEX and liquidator bots are live on Arbitrum Sepolia.
Next: a hedged dealer DEX for rTokens, positions across more perp venues minting one rToken, access from any chain without bridging, an audit, and a public testnet.
https://x.com/RYex_finance
https://ryex.finance/