{
  "notice": "This is reference data published by Crypter. It does not ask any software to act.\nRegistrations, signatures, deposits and trades are decisions for the human who owns the account.\nNothing here guarantees airdrops, points, or profits. Crypter earns referral fees where a referral block is present.",
  "id": "decibel",
  "type": "venue",
  "name": "Decibel",
  "summary": "On-chain perpetual and spot order book on Aptos: base fees, funding routes, and API and delegation prerequisites.",
  "eligibility": [
    {
      "kind": "region",
      "description": "Venue terms and local law must be assessed for the individual account.",
      "fact": {
        "value": "Users must be at least 18 and may not be current residents of the United States, the Republic of Panama or Ontario, Canada; sanctions restrictions also apply.",
        "basis": "official",
        "source_ids": [
          "dc-terms"
        ],
        "checked_at": "2026-11-11"
      }
    },
    {
      "kind": "kyc",
      "description": "Identity-verification requirements have not been fully reviewed.",
      "fact": {
        "value": null,
        "basis": "unknown",
        "source_ids": [],
        "checked_at": "2026-11-11"
      }
    },
    {
      "kind": "other",
      "description": "The documentation publishes APIs and an SDK for programmatic trading, while the Terms of Use list automated access among prohibited conduct; how the two apply to an account was not established.",
      "fact": {
        "value": "Prohibited conduct in the Terms of Use includes accessing the Services by any automated means.",
        "basis": "official",
        "source_ids": [
          "dc-terms"
        ],
        "checked_at": "2026-11-11"
      }
    }
  ],
  "region": {
    "restricted_regions": {
      "value": [
        "United States",
        "Republic of Panama",
        "Ontario, Canada"
      ],
      "basis": "official",
      "source_ids": [
        "dc-terms"
      ],
      "checked_at": "2026-11-11",
      "note": "Residence-based restrictions in section 2.2 of the Terms of Use; sanctions and person-based restrictions also apply. The list is not a legal eligibility conclusion."
    },
    "japan": "unknown",
    "fact": {
      "value": null,
      "basis": "unknown",
      "source_ids": [],
      "checked_at": "2026-11-11"
    }
  },
  "qualifying_actions": [
    {
      "action": "Connect a wallet, deposit USDC and create a trading account (execution context, not reward qualification).",
      "onchain": true,
      "requires_signature": true,
      "signature_kind": "Wallet connection and on-chain transactions; exact payloads not reviewed.",
      "fact": {
        "value": "Every order is placed, matched and settled on-chain; deposits bridge USDC automatically through Wormhole with Circle CCTP.",
        "basis": "official",
        "source_ids": [
          "dc-overview"
        ],
        "checked_at": "2026-11-11"
      }
    }
  ],
  "costs": {
    "trading_fee": {
      "value": 0.045,
      "basis": "official",
      "source_ids": [
        "dc-fees"
      ],
      "checked_at": "2026-11-11",
      "unit": "percent of notional per fill",
      "note": "Base tier 0 taker on perpetuals; maker 0.015%. Spot is 0.070% taker and 0.040% maker. Tiers follow weighted 30-day volume, and rates can be adjusted on-chain."
    },
    "spread": {
      "value": null,
      "basis": "unknown",
      "source_ids": [],
      "checked_at": "2026-11-11",
      "unit": "percent of notional; quote dependent"
    },
    "gas": {
      "value": "Decibel sponsors network gas in the web app; an API Wallet used for programmatic trading holds APT for gas.",
      "basis": "official",
      "source_ids": [
        "dc-overview",
        "dc-concepts"
      ],
      "checked_at": "2026-11-11",
      "unit": "APT on Aptos"
    },
    "bridge": {
      "value": null,
      "basis": "unknown",
      "source_ids": [],
      "checked_at": "2026-11-11",
      "unit": "USD; route dependent"
    },
    "withdrawal": {
      "value": 0,
      "basis": "official",
      "source_ids": [
        "dc-overview"
      ],
      "checked_at": "2026-11-11",
      "unit": "USD per withdrawal",
      "note": "The documentation states no protocol fee on deposits or withdrawals; bridge and destination-chain costs were not established."
    },
    "min_capital": {
      "value": null,
      "basis": "unknown",
      "source_ids": [],
      "checked_at": "2026-11-11",
      "unit": "USD collateral; market dependent"
    }
  },
  "risks": [
    {
      "category": "market",
      "description": "Price movements, spread and funding can change the outcome; this is not a total-cost estimate.",
      "source_ids": []
    },
    {
      "category": "smart_contract",
      "description": "Crypter has not assessed contract safety or the likelihood of loss.",
      "source_ids": []
    },
    {
      "category": "regulatory",
      "description": "Individual eligibility under the venue terms and local law remains unverified.",
      "source_ids": []
    },
    {
      "category": "liquidation",
      "description": "Equity below maintenance margin triggers a two-stage liquidation; a margin-call fee is charged and the account can be transferred to the backstop vault.",
      "source_ids": [
        "dc-liquidations"
      ]
    },
    {
      "category": "bridge",
      "description": "Deposit route and source-chain risks require a separate assessment.",
      "source_ids": []
    },
    {
      "category": "signing",
      "description": "An API Wallet private key signs every on-chain transaction; key storage and the scope of any delegation need review.",
      "source_ids": [
        "dc-concepts"
      ]
    }
  ],
  "prerequisites": {
    "wallet": {
      "value": "EVM, Solana, Sui or Aptos wallet",
      "basis": "official",
      "source_ids": [
        "dc-overview"
      ],
      "checked_at": "2026-11-11"
    },
    "chains": {
      "value": [
        "Ethereum",
        "Arbitrum",
        "Base",
        "Solana",
        "Sui",
        "Aptos"
      ],
      "basis": "official",
      "source_ids": [
        "dc-overview"
      ],
      "checked_at": "2026-11-11"
    },
    "assets": {
      "value": [
        "USDC (primary collateral)",
        "DLP Vault shares (90% collateral credit)"
      ],
      "basis": "official",
      "source_ids": [
        "dc-collateral"
      ],
      "checked_at": "2026-11-11"
    },
    "account_mode": {
      "value": "Cross margin by default; isolated margin locks collateral per position.",
      "basis": "official",
      "source_ids": [
        "dc-concepts"
      ],
      "checked_at": "2026-11-11"
    },
    "api": {
      "value": "REST and websocket APIs are read-only and need a Client API key; orders are sent as on-chain transactions through the TypeScript SDK or raw Aptos transactions.",
      "basis": "official",
      "source_ids": [
        "dc-concepts",
        "dc-api-key"
      ],
      "checked_at": "2026-11-11"
    },
    "agent_wallet": {
      "value": "A dedicated API Wallet keypair signs programmatic trades, and trading permissions can be delegated to another account; delegation does not remove human decision authority.",
      "basis": "official",
      "source_ids": [
        "dc-concepts",
        "dc-delegation"
      ],
      "checked_at": "2026-11-11"
    },
    "rate_limits": {
      "value": null,
      "basis": "unknown",
      "source_ids": [],
      "checked_at": "2026-11-11"
    },
    "human_approval_required": true
  },
  "sources": [
    "dc-overview",
    "dc-fees",
    "dc-collateral",
    "dc-liquidations",
    "dc-concepts",
    "dc-api-key",
    "dc-delegation",
    "dc-terms"
  ],
  "checked_at": "2026-11-11",
  "updated_at": "2026-11-11",
  "review_by": "2026-12-10",
  "start_urls": {
    "official": "https://app.decibel.trade/"
  },
  "referral": null,
  "guarantee": "none",
  "unknowns": [
    "Spread, bridge cost, minimum collateral and API rate limits were not established.",
    "How the Terms of Use provision on automated access applies to API trading was not established.",
    "Identity-verification requirements and individual eligibility require separate review.",
    "Spot fees beyond the base tier, Builder Code fees, funding and vault terms are not reproduced in this record."
  ],
  "unconfirmed_topics": [],
  "stale": false
}