No Summary provided as the original text is short
- Onchain Liquidation: The process of closing leveraged positions directly on a blockchain protocol due to insufficient collateral.
- Perpetual Futures (Perps): A type of derivative contract with no expiry date, allowing continuous trading based on an underlying asset's price.
- Centralized Exchange (CEX): A cryptocurrency trading platform operated by a central authority that facilitates buying and selling of digital assets.