World Markets | Complete Guide to the Perp × Spot × Lending Unified DEX on MegaETH

World Markets (WM) is a non-custodial Everything DEX running on MegaETH. It integrates spot, perpetual futures, and undercollateralized lending into a single cross-margin account called the Everything Account. By using the ATLAS Risk Engine for portfolio-level netting, it achieves a "No ADL (Auto-Deleveraging)" environment and up to 100x better capital efficiency compared to existing DEXs. This article explains the features of World Markets, the Points Program participation steps, token information, and the roadmap.

👉 Official Trading Interface

World Markets is a decentralized exchange built by a team led by Kevin Coons, which saw its public launch on MegaETH on February 18, 2026. The most significant feature is the integration of spot trading, perpetuals, and undercollateralized lending all within the same margin account, the Everything Account. The ATLAS Risk Engine performs portfolio-level netting, recognizing delta-neutral positions (like basis trades) as zero-risk, effectively replicating CEX-level leverage efficiency on-chain. It has been audited by Sherlock #1 and Creed (Sherlock #2 is ongoing), though smart contract upgrade authority remains during the beta period.

• Everything Account (Unified Cross-Margin): Manage spot, perps, and lending in a single account, significantly improving capital efficiency.
• ATLAS Risk Engine (No ADL): Netting at the portfolio level evaluates hedged positions as having zero directional risk. It provides up to 100x the leverage efficiency of existing DEXs and an ADL-free environment.

• Sub-10ms Blocks on MegaETH: Real-time blockchain performance (10ms blocks) on MegaETH enables CEX-like responsiveness on-chain with near-zero gas fees.
• $10 Fee Cap per Trade: Maker 5bps / Taker 10bps, with a maximum cap of $10 per trade, offering a substantial discount for large-volume traders.
• wiTRY (Real World Yield) Integration: Brix-tokenized Turkish Lira MMF-linked wiTRY is listed from Day 1. You can collateralize the ~45% APY (TRY-denominated) yield to borrow USDM.

The World Markets native governance/utility token has not yet been issued. The primary currency for trading and margin is the MegaETH-native stablecoin, USDM. The MegaETH native MEGA token is expected to be listed as a perpetual product once MegaETH's launch conditions are met.

While World Markets does not officially use the term "Airdrop," a Points Program with bi-weekly distributions is currently active. Although the official website mentions MegaETH points, World Markets is implementing its own dedicated points system.

Participants compete across six leaderboards: General, Escape artist, Knife catcher, Active liquidity, Godfather (loans), and The President (referrals). (Source: https://docs.world.inc/llms-full.txt)

Points are primarily earned through lending, perpetual trading, and referrals.

Steps to Join World Markets

1. Visit the World Markets website, select your wallet, and connect.

2. Go to the Accounts Page (click your address in the header). Select a supported asset on the MegaETH mainnet (such as USDM) and deposit.

3. Trade perpetual futures.

4. Lend assets via the Lend tab.

👉 Join the Points Program Now

• Phase 1 (Completed): Launched on MegaETH on Feb 18, 2026. Everything Account + ATLAS Risk Engine live.
• Phase 2 (Ongoing): Launch of automated leverage basis trade vaults.
• Phase 3 (Ongoing): Integration of Chainlink as a secondary oracle.
• Phase 4 (Planned): Mobile app release (Late 2026).
• Phase 5 (Planned): MEGA token perpetual listing (After MegaETH TGE conditions).
• Phase 6 (Planned): Full open-source release of smart contract code once liquidity is sufficient.

• MegaETH: Host L2 blockchain providing sub-10ms blocks and near-zero fees.
• Lombard: Provides BTC.b (Liquid Bitcoin) for use in spot/perp/lending.
• Brix: Listed wiTRY (Tokenized TRY MMF) on Day 1, allowing ~45% RWA yield as collateral.
• Stargate: Provides USDT bridge rails from Ethereum to MegaETH.
• RedStone: Primary price oracle, with Chainlink redundancy planned.

• Website: https://world.inc/
• Trading App: https://world.inc/#/trade/perp
• X (Twitter): https://x.com/worldmarketsinc
• Forum: https://forum.world.inc/
• Docs: https://docs.world.inc/
• Explorer: https://mega.etherscan.io/

• World Markets is an Everything DEX on MegaETH that integrates spot, perps, and lending into the Everything Account for superior capital efficiency.
• The ATLAS Risk Engine enables portfolio-level netting for a "No ADL" environment and up to 100x leverage efficiency for delta-neutral strategies.
• Audited by Sherlock and Creed, though users should note that upgrade authority remains during the beta phase.

👉 Check the Official Trading Page for Details