The total value or number of outstanding derivative contracts (perpetuals, options) that have not been settled or closed. Open interest increases when new positions are opened and decreases when positions are closed. High open interest indicates active market participation and can signal strong conviction. Perps platforms use open interest caps to manage protocol risk exposure.
Empieza por la explicación más corta y útil antes de profundizar.
The total value or number of outstanding derivative contracts (perpetuals, options) that have not been settled or closed. Open interest increases when new positions are opened and decreases when positions are closed. High open interest indicates active market participation and can signal strong conviction. Perps platforms use open interest caps to manage protocol risk exposure.
Usa primero la analogía corta para razonar mejor sobre el término cuando aparezca en código, docs o prompts.
Piensa en esto como una mecánica de mercado usada para poner precio, rutear o mover capital en apps de liquidez.
Ubica el término dentro de la capa de Solana en la que vive para razonar mejor sobre él.
AMMs, routing, liquidez, préstamos e infraestructura de trading.
Convierte el término de vocabulario en algo operacional para producto e ingeniería.
Este término desbloquea conceptos adyacentes rápido, así que funciona mejor cuando lo tratas como un punto de conexión y no como una definición aislada.
Usa este bloque compacto cuando quieras dar contexto sólido a un agente o asistente sin volcar toda la página.
Open Interest (open-interest) Categoría: DeFi Definición: The total value or number of outstanding derivative contracts (perpetuals, options) that have not been settled or closed. Open interest increases when new positions are opened and decreases when positions are closed. High open interest indicates active market participation and can signal strong conviction. Perps platforms use open interest caps to manage protocol risk exposure. Aliases: OI Relacionados: Perpetuals (Perps), Funding Rate
Usa contexto del glosario, relaciones entre términos, modelos mentales y builder paths para recibir respuestas estructuradas en vez de output genérico.
Opcional: pega código Anchor, Solana o Rust para que el Copilot mapee primitivas de vuelta al glosario.
El Copilot responderá usando el término actual, conceptos relacionados, modelos mentales y el grafo alrededor del glosario.
Estas ramas muestran qué conceptos toca este término directamente y qué existe una capa más allá de ellos.
Derivatives contracts that track an asset's price without expiration, enabling leveraged long/short positions. On Solana, Drift Protocol and Jupiter Perps are the leading perps platforms. Traders deposit collateral and open positions at up to 10-100x leverage. Funding rates keep the contract price aligned with the spot price.
A periodic payment exchanged between holders of long and short perpetual contract positions to keep the perp price anchored to the spot price. When the perp trades above spot (positive funding), longs pay shorts; when below spot (negative funding), shorts pay longs. Funding is typically settled every hour on Solana perps platforms like Drift and Jupiter Perps. High funding rates create arbitrage opportunities.
Estos son los siguientes conceptos que vale la pena abrir si quieres que este término tenga más sentido dentro de un workflow real de Solana.
Estas entradas son fáciles de mezclar cuando lees rápido, haces prompting a un LLM o estás entrando en una nueva capa de Solana.
The algorithm a lending protocol uses to determine borrow and supply interest rates based on pool utilization. Most Solana lending protocols use a kinked (piecewise linear) model with a gentle slope below optimal utilization and a steep slope above it, creating urgency to repay when liquidity becomes scarce. Parameters include base rate, optimal utilization point, and slope values for each segment.
Las entradas del glosario se vuelven útiles cuando están conectadas. Estos enlaces son el camino más corto hacia ideas adyacentes.
Derivatives contracts that track an asset's price without expiration, enabling leveraged long/short positions. On Solana, Drift Protocol and Jupiter Perps are the leading perps platforms. Traders deposit collateral and open positions at up to 10-100x leverage. Funding rates keep the contract price aligned with the spot price.
A periodic payment exchanged between holders of long and short perpetual contract positions to keep the perp price anchored to the spot price. When the perp trades above spot (positive funding), longs pay shorts; when below spot (negative funding), shorts pay longs. Funding is typically settled every hour on Solana perps platforms like Drift and Jupiter Perps. High funding rates create arbitrage opportunities.
Estas entradas viven junto al término actual y ayudan a que la página se sienta parte de un grafo de conocimiento más amplio en lugar de un callejón sin salida.
A protocol that enables token swaps using algorithmic pricing against pooled liquidity instead of matching individual buyers and sellers. AMMs use mathematical formulas (typically constant product x*y=k) to determine prices based on the ratio of tokens in a liquidity pool. On Solana, major AMMs include Raydium, Orca, and Meteora.
An AMM design where liquidity providers concentrate their capital within specific price ranges instead of across the full 0-to-infinity range. CLMMs dramatically improve capital efficiency—LPs earn more fees per dollar deposited within their active range. If the price moves outside the range, the position becomes inactive. Orca Whirlpools and Raydium CLMM are leading implementations on Solana.
A smart-contract-held reserve of two or more tokens that enables trading via an AMM. Users deposit token pairs in specified ratios to become liquidity providers and earn trading fees. Pools are identified by their token pair and fee tier. Pool depth (total value locked) determines price impact for trades.
A token issued to liquidity providers representing their proportional share of a pool's reserves and accrued fees. LP tokens can be burned to withdraw the underlying assets. The value of LP tokens changes as the pool's token ratios shift and fees accumulate. LP tokens are often stakeable in yield farming programs for additional rewards.