# Perps DEX on top of EigenLayer

**URL:** <https://forum.eigenlayer.xyz/t/perps-dex-on-top-of-eigenlayer/11911>\
**Category:** AVS Research\
**Created:** [August 26, 2023, 5:07pm UTC](https://forum.eigenlayer.xyz/t/perps-dex-on-top-of-eigenlayer/11911 "2023-08-26T17:07:44Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![gajabahna](https://avatars.discourse-cdn.com/v4/letter/g/8e7dd6/32.png) [@gajabahna](https://forum.eigenlayer.xyz/u/gajabahna)\
**Post date:** [August 26, 2023, 5:07pm UTC](https://forum.eigenlayer.xyz/t/perps-dex-on-top-of-eigenlayer/11911/1 "2023-08-26T17:07:44Z")

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Had a fairly simple idea, thought I’d run it by the community.

Basically, think of a perps DEX, like GMX, but the pool of funds for payouts is comprised of restaked ETH, and payouts are granted as a liquid “restaking” token. Think of Lido, the price resembles ETH because those tokens represent a claim on staked ETH.

Same model could probably be applied to flashloans and other DeFi instruments.

I know this is a misuse of EigenLayer and restaking. Basically, the pool of funds securing the entire protocol (and other protocols too, evidently) would be gambled/speculated/ape’d with.

Not sure if I really have a point. Maybe: how long does it take until somebody builds a Perps DEX using restaked ETH? Is restaked defi doomed to fail? U sure about that?