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loda is an on-chain perpetuals exchange on Solana. Trade leveraged long and short positions across crypto, commodities, forex, and equities — all settled on-chain, in your own wallet, with no custodial account in between.

Margin is posted in USDC. There is no deposit into a house balance: collateral is committed per position directly from your connected wallet, and returned when you close.

Beyond perps, loda includes loda-net — a live token-discovery terminal — and the $LODA token, launching on pump.fun.

1. Connect a Solana wallet (Phantom, Solflare, or Backpack) — or sign in with X to get an embedded wallet.
2. Fund that wallet with USDC, which is used as margin.
3. Pick a market, choose a side and leverage, and confirm the order in your wallet.

Every action is a real on-chain transaction you approve yourself.

A perpetual is a leveraged position with no expiry. Go long to profit when price rises, or short to profit when it falls.

• Margin & leverage — your USDC margin × leverage sets position size. Higher leverage means a closer liquidation price.
• Liquidation — if price moves against you far enough that your margin can no longer cover the position, it is liquidated. The estimated liquidation price is shown before you open and on each position.
• Managing a position — add or remove collateral to adjust risk, or partially close to take size off. Borrow fees accrue while a position is open.

loda-net is a live discovery terminal — a memescope-style feed of every market in one place. Sort by Trending, New, Gainers, or Volume and scan price, market cap, liquidity, volume, and buy/sell flow at a glance.

• Acquisition — selecting any token surfaces its live acquisition statistic and net flow, alongside a chart.
• One click to trade — jump straight from any token into its full trade screen.

Every market is priced by a decentralized oracle network that aggregates first-party, institutional-grade market data and publishes it on-chain. The price on your screen is the exact price your position is marked and settled against — so the chart, your entry, and your liquidation all stay in lockstep. There is no internal price feed we can move against you.

• Mark / index price — one live oracle price drives PnL, liquidation, and order pricing.
• Charts — historical candles come straight from the oracle's benchmark history.
• Slippage guard — every order carries a max-slippage bound, so it only fills near the price you saw.

Browse every market in the Markets grid, filtered by niche. Markets are grouped into four classes:

• Crypto — trades 24/7.
• Commodities (metals, energy) and Forex — follow their underlying market sessions (roughly 24/5, with breaks).
• Stocks — trade during U.S. market hours on weekdays.

When an underlying market is closed, its oracle stops updating — the app marks it Closed and pauses ordering until it reopens. This is expected, not an error.

loda routes orders to on-chain liquidity pools, and fees are charged by the protocol and pool — not by loda. The exact fee for your order is always shown before you confirm.

• Open / close fee — charged on entry and exit and varies by market. As a rough guide: ~0.05% on major crypto, ~0.03% on FX, and ~0.1% on metals and equities, with higher rates on smaller-cap assets.
• Borrow fee — accrues continuously while a position is open, scaled by pool utilization: it grows roughly linearly under moderate utilization and rises faster as the pool fills (a hard utilization cap protects liquidity).
• Price impact & slippage — every order carries a max-slippage bound so it only fills near the expected oracle price.
• Collateral swap — margin is posted in USDC; opening with another token may incur a swap fee to convert it to pool collateral.

Rates are set by the underlying pools and can change; treat the figures above as indicative, not a quote.

$LODA is the loda network token, launching as a pump.funtoken. Its contract address is the pump mint — the app shows it (with a pump.fun link) once the mint is configured; until then it reads “launching on pump.fun.”

• Live stats — price, market cap, liquidity, 24h volume, holders, and bonding-curve progress are shown on your Dashboard.
• Holdings & points — holding $LODA in your connected wallet counts toward points (see below).

Activity earns Estimated Points:

• Every 250k $LODA held = 200 points.
• Every $500 in volume traded = 250 points — counted only for positions held at least 5 minutes.

Your running total and breakdown are on the Portfolio page.

Every market has its own live chat room under Social. Posting requires a connected wallet, and messages are attributed to your verified wallet address.

Trading leveraged perpetuals risks the full loss of your margin. Positions can be liquidated quickly in volatile conditions, and oracle-priced markets can gap. Only trade what you can afford to lose. loda is non-custodial software — you are responsible for your own keys and transactions.

By accessing loda you represent that you meet the following requirements.

• You are at least 18 years old, have the legal capacity to enter binding agreements, and are technically and financially sophisticated enough to understand the risks of leveraged trading.
• Restricted jurisdictions. loda is not available to residents of, or persons located in, the United States or any U.S. territory, or any jurisdiction where using the app is illegal or would require a license or registration loda does not hold.
• Prohibited persons. You may not use loda if you are a U.S. person, or if you are subject to sanctions or listed on any applicable sanctions list (including UN, U.S. Treasury OFAC SDN, EU, or other relevant lists).
• You are responsible for ensuring your use is lawful where you are. Using a VPN or any other means to disguise your location and bypass these restrictions is prohibited.

When using loda you agree not to:

• Engage in market manipulation of any kind — wash trading, spoofing, pump-and-dump schemes, or front-running.
• Circumvent sanctions, export controls, or any applicable law or regulation.
• Exploit, attack, or interfere with the protocol, oracles, or infrastructure, or attempt to gain unauthorized access.
• Use the app for fraud, money laundering, or any unlawful securities or commodities activity in your jurisdiction.

loda is non-custodial software that provides an interface to on-chain perpetual markets. It never takes custody of your funds, private keys, or positions — every trade is a transaction you sign and broadcast yourself, and collateral stays in your wallet or the on-chain pool.

• The app and its content are provided for informational purposes only and are not financial, legal, investment, or tax advice. Do your own research and consult independent professionals before trading.
• The service is provided “as is” and “as available.” Markets may be paused or removed — for example when an oracle is stale or an underlying market is closed.
• You are solely responsible for your wallet, keys, and transactions, and for any taxes arising from your activity.
• Continued use of loda constitutes acceptance of these terms, which may be updated from time to time.

Effective June 15, 2026.

loda is built to need as little personal data as possible. There is no traditional account: you connect a wallet, and X (Twitter) sign-in is optional.

• On-chain data — your wallet address and transactions are public on the Solana blockchain by design; loda does not control that.
• Off-chain data — we keep a minimal order/fill audit log keyed to your wallet, community chat messages (attributed to your verified wallet), and basic technical logs needed to operate and secure the app.
• Third parties — authentication is handled by Privy, and pricing, RPC, and hosting rely on infrastructure providers, each governed by their own privacy policies.
• We do not sell your personal data.

Trading leveraged perpetuals can result in the total loss of your margin. Positions may be liquidated quickly in volatile conditions, and oracle-priced markets can gap. By using loda you acknowledge and assume the risks of blockchain technology, smart-contract bugs or exploits, cryptographic vulnerabilities, price volatility, and regulatory uncertainty.

To the maximum extent permitted by law, loda and its contributors are not liable for any indirect, incidental, consequential, special, or punitive damages arising from your use of the app, and any claim must be brought within six months of the event giving rise to it.