Add RFP-009 for Private Derivatives Trading Platform

RFPs/RFPs/RFP-009-derivatives-perpetual-trading.md

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+---
+id: RFP-009
+title: Private Derivatives & Perpetual Trading Platform
+tier: XL
+funding: $XXXXX
+status: open
+category: Applications & Integrations
+---
+
+
+# RFP-009 — Private Derivatives & Perpetual Trading Platform
+
+## 🧭 Overview
+
+Build a derivatives and perpetual futures trading platform that operates
+entirely within the Logos shielded ecosystem, allowing traders to open
+leveraged positions on shielded assets with full confidentiality over
+their collateral, position sizes, entry prices, and liquidation levels.
+
+Derivatives trading is the sophisticated trading venue of any mature
+blockchain ecosystem. It attracts professional traders, generates
+substantial fee revenue, and dramatically increases trading volume beyond
+what spot markets alone can achieve. On a privacy chain, confidential
+derivatives are a powerful differentiator — traders can execute strategies
+without revealing their positioning to competitors or predatory MEV bots.
+
+The ideal team has deep experience in perpetual futures mechanism design,
+funding rate models, ZK circuit development for complex financial logic,
+and trading platform UI/UX.
+
+## 🔥 Why This Matters
+
+Derivatives platforms are among the highest revenue-generating applications
+in crypto. On Arbitrum, GMX generated more fee revenue than nearly any
+other dApp globally, demonstrating the enormous economic potential of
+on-chain derivatives. Berachain launched with a native perpetuals DEX
+(Berps) from day one to capture this market immediately.
+
+On transparent chains, derivatives trading creates extreme privacy
+vulnerabilities: every trader's position size, leverage, collateral, and
+liquidation price are publicly visible. This enables targeted liquidation
+hunting, where well-capitalized actors deliberately move prices to trigger
+visible liquidation levels. It also exposes trading strategies to
+competitors. A private derivatives platform on Logos protects all of these
+details — collateral, positions, and liquidations are all confidential.
+This creates a fundamentally fairer trading environment and represents a
+significant ecosystem value proposition for attracting professional
+trading activity.
+
+## ✅ Scope of Work
+
+### Hard Requirements
+
+#### Functionality
+1. Support perpetual futures contracts on shielded asset pairs with
+   configurable leverage (e.g., up to 50x).
+2. Traders can open, modify, and close positions entirely within the
+   shielded environment — position size, collateral, leverage, and
+   PnL are all confidential.
+3. Implement a funding rate mechanism that balances long and short
+   interest, calculated on aggregate open interest without revealing
+   individual positions.
+4. Implement a private liquidation mechanism — positions that fall
+   below maintenance margin are liquidatable, but the specific
+   position and trader are not publicly identifiable.
+5. Implement a price oracle integration for mark price and index
+   price calculations with manipulation-resistant design.
+6. Support both market orders and limit orders with private execution.
+
+#### Security
+1. All position management operations must be verifiable via ZK proofs,
+   ensuring correct execution (leverage limits, margin requirements,
+   liquidation thresholds) without revealing individual details.
+2. Implement an insurance fund mechanism to cover losses from
+   under-collateralized liquidations, funded by a portion of trading
+   fees.
+3. Include an emergency pause mechanism to halt trading in the event
+   of oracle failure or detected exploit.
+4. Implement position size limits and open interest caps during the
+   initial launch phase.
+
+#### Usability
+1. Provide a trading front-end with real-time price charts, order
+   entry, and position management.
+2. Provide aggregate market statistics (total open interest, 24h
+   volume, funding rates) without revealing individual positions.
+
+### Soft Requirements
+
+1. Support for additional derivative types beyond perpetuals (e.g.,
+   options, structured products).
+2. Integration with the Logos DEX (RFP-004) for spot-perps arbitrage
+   pathways.
+3. Integration with the lending protocol (RFP-006) for cross-margining.
+4. Support for portfolio margining across multiple positions.
+5. Keeper network for decentralized liquidation execution.
+6. Exploration of an order-book model as an alternative to the
+   vault/pool model.
+
+## 👤 Recommended Team Profile
+
+Team experienced with:
+
+- Perpetual futures and derivatives protocol design (GMX, dYdX, or similar)
+- Zero-knowledge proof systems and advanced ZK circuit development
+- Funding rate and liquidation mechanism design
+- Oracle integration and price feed security
+- High-performance trading system architecture
+- Front-end development for trading platforms
+
+## ⏱ Timeline Expectations
+
+Estimated duration: **18–26 weeks**
+
+
+## 🌍 Open Source Requirement
+
+All code must be released under the **MIT+Apache2.0 dual License**.
+
+
+## Resources
+
+- [Logos Documentation](https://github.com/logos-co/logos-docs)
+- [Logos Blockchain Node Quickstart](https://github.com/logos-co/logos-docs/blob/main/docs/blockchain/quickstart-guide-for-the-logos-blockchain-node.md)
+- TODO: LEE official doc
+- TODO: Shielded asset specification
+- TODO: Oracle integration guide
+
+
+## ✏️ How to Apply
+
+👉 Submit a proposal using the Issue form:
+
+**[Submit Proposal](https://github.com/logos-co/rfp/issues/new?template=proposal.yml)**
+
+We typically respond within **14 days**. For clarification questions,
+please use **Discussions**.