a rip is the uponly term for one randomized leveraged perp trade. it is the action triggered by the giant red button at the center of the app. when you tap rip, the protocol picks a random pair from the avantis market list, rolls a random direction (long or short), commits the collateral you chose at the leverage you chose, and opens a position on-chain on base. one tap, one perp, one outcome. that is a rip.
in plain english
a rip is a slot pull. you do not choose the asset, you do not choose the side, you do not stare at a chart. you set the size, set the leverage, slap the red button, and a real on-chain perp opens at a randomized pair and side. it is the simplest possible expression of leveraged crypto trading: high-leverage, randomized, no analysis, no analysis paralysis.
what actually happens when you rip
under the hood, a single tap kicks off a chain of events that would normally take eight clicks on a perp dex:
- the platform rolls a random pair from the avantis-listed markets.
- the platform rolls a random side (long or short) for that pair.
- your in-app smart wallet on base submits an open-position transaction.
- the paymaster sponsors the gas so no eth is required from you.
- avantis matches the position against the on-chain market at the current mark price.
- your position card shows entry, leverage, liquidation, and live pnl.
why "rip"
the word "rip" comes from degen crypto culture: "let it rip," "send it," "yolo it." the product is named after the verb because the verb is the product. there is no order panel, no chart, no advanced options dropdown. there is a button, and you rip. the language matches the design philosophy: zero overhead between intent and execution.
how it shows up on uponly.win
every interaction on uponly is structured around the rip:
- fund your in-app smart wallet with usdc on base.
- pick a collateral size (the dollar amount on the line).
- pick a leverage multiplier between 75x and 500x.
- tap rip.
- watch the randomized perp open, live, on-chain.
- close when you want, or let it run to liquidation.
the whole product is the rip flow. everything else is supporting infrastructure. for the longer build story behind this design, see how uponly was built in one night, and for sizing thinking at high leverage, see max leverage trading 101.
common confusions
rip on uponly is not the same as "rip" as crypto twitter shorthand for "rest in peace" (as in "rip my bags"). on uponly, rip is the action. it is what you do to open a trade, not a lament after it closes. context disambiguates. when you see the red button, the verb is action. when you see "rip" after a 90 percent dump, the verb is grief.
- a rip is a real on-chain perp, not a simulation.
- the pair and side are randomized; the size and leverage are yours.
- the collateral is your max possible loss; nothing else is at risk.
- closing is one tap; you can also let it ride to liquidation.
see also
- arcade finance definition
- perpetual future definition
- leverage definition
- smart wallet definition
- paymaster definition
the only way to actually understand a rip is to do one. open uponly, put in a small collateral size, choose a leverage you can stomach losing, and tap the button. the rest of the glossary makes more sense after you have felt one go.