The capital layer for perpetual markets. Perp positions become ERC-20 rTokens. Extract, trade, or redeploy the liquidity without closing the position.
When a trader opens a perp, the margin behind it is locked. It backs that one position and nothing else until the trade closes. Spot collateral gets reused across DeFi; perp margin never had a way to. RYex gives it one. The trader mints an rToken against the open position and uses that capital elsewhere, as collateral, liquidity, or a lending deposit, without closing the trade.
This isn't theoretical. 876 traders doing $4.8B in volume on Hyperliquid and GMX already run this by hand across perps, lending, and AMM.
What makes it more than capital efficiency is where it reaches. A perp exists on assets that have no onchain spot, commodities, equities, RWAs, so RYex can bring that exposure onchain as usable, composable capital, and support products that weren't possible before, like delta-neutral funding yield on assets spot-based vaults can't touch.
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https://ryex.finance/