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    Fulcrom AMM

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    TL;DR

    Fulcrom is a decentralised perpetual exchange that allows users to trade leveraged positions with low fees and zero price impact, whilst having the peace of mind that all trades and collateral are stored transparently on-chain.

    Dossier

    ## Overview Fulcrom is a decentralized perpetual exchange designed for traders who want to execute leveraged positions without relying on centralized intermediaries. Unlike traditional centralized exchanges that custody user funds and operate order books, Fulcrom operates as a decentralized protocol where all trades, collateral, and position data remain on-chain. This architecture eliminates counterparty risk from the exchange operator itself—users maintain direct control over their assets throughout the trading process. The protocol addresses a specific problem in decentralized finance: how t