For the complete documentation index, see llms.txt. This page is also available as Markdown.
CodeBase
Perennial V2 has been designed to be as modular as possible, allowing for horizontal scaling to many markets, oracles & vaults.
Ownership Hierarchy
In terms of structure, the protocol owns three factories covering Markets, Oracles & Vaults. The protocol owner can use these factories to spawn new markets, exotic oracles & vaults to direct liquidity. Additionally, the protocol owns the Multi Invoker (an Operator contract for the UI)
A hierarchical ownership tree for the perennial protocol.
Standard Market Flow w/ MultiInvoker
When a user interacts with a market using the MultiInvoker they are able to bundle a number of steps required to modify their position.
A user takes a 1 unit position in a market.
A user takes a 1 unit position in a market.
Standard Vault flow w/ MultiInvoker
When a user interacts with a Vault they generally follow this flow to adjust the vault balances between markets.
