A fresh perpetual DEX just dropped - LeverUp is shaking things up with some wild features. No liquidity pools required, which solves that age-old capital efficiency problem. The platform promises unlimited open interest capacity, meaning no artificial caps on position sizes.

Here's the kicker: they're redistributing 100% of trading fees back to users. And if that wasn't enough, leverage goes all the way to 1001x. Yeah, you read that right - four digits.

This model flips the traditional perps exchange structure on its head. By eliminating LP requirements and returning all fees, they're betting on volume over margins. High-risk traders get max flexibility, while the fee-sharing mechanism could attract serious degen activity.

Whether this sustainable long-term or just another leveraged gamble remains to be seen. But the specs are definitely eye-catching for anyone chasing asymmetric upside in derivatives trading.