Tracer is an open-source, smart contract protocol for derivatives with the capability to enable anyone to deploy a derivatives market from a Tracer Factory template, to manage their digital and real-world financial risk. Their financial primitive, Tracer Perpetual Pools (no margins, no liquidations, fully fungible tokens for the DeFi economy), allows you to acquire low-cost, leveraged exposure to any asset with zero risk of liquidation, zero trust in a centralised party, and zero limits set on leverage.