Sudo Perps Review 2026: Sub-Second Perpetuals on Sui

Sudo Perps is a decentralized perpetuals exchange on the Sui blockchain. Its homepage calls it the first perpetual protocol built with Move on Sui, offering sub-second and zero-price-impact trading on-chain. It is a product of ZOFI Labs Inc.

A public DeFi tracker has listed the protocol since January 2024 in the derivatives category, with Sui as its only chain. Total value locked is about $745,000, down roughly 1% over seven days at the time of the data, and two audits are listed.

The project has an SLP token and a points program for existing users and SLP holders. It also maintains a Gitbook with sections on features, trading, risk control and a roadmap. Details about fees, the team and audit reports are not on the homepage.

Sudo is a perpetual futures exchange. A perpetual lets a trader take a long or short position on an asset's price, usually with leverage, without an expiry date. Here, trades are settled by smart contracts on the Sui blockchain instead of by a centralized exchange.

The project says trades execute in under a second and with zero price impact. Zero price impact usually means prices come from an oracle feed rather than a traditional order book curve, though the homepage does not detail the design. The docs are the place to confirm how pricing, liquidity and risk control work.

The SLP token appears to be central to the liquidity side. A post from the project explains how to earn and track SLP yield, which suggests liquidity providers take the other side of trades and earn returns. Readers should confirm this against the documentation.

Sudo does not publish a fee schedule on its homepage. Trading fees, funding rates, and any charges for opening, closing or liquidating positions are not stated in the material reviewed.

Users should check the project's Gitbook documentation and the trading interface for current figures before depositing. Normal Sui network gas fees also apply to on-chain transactions.

Two audits are listed for the protocol in a public tracker, but the homepage does not name the auditors or link their reports. Check the documentation for these before depositing. Audits lower the chance of code flaws but do not guarantee safety.

As a non-custodial on-chain exchange, users keep their assets in their own wallet until they deposit collateral into the protocol. The main risks are smart-contract bugs, oracle failures, liquidity shortfalls and liquidation of leveraged positions. Total value locked is modest, so a single incident could matter more than at larger venues.

The homepage does not state regulatory status or any past incidents. Derivatives trading may be restricted in some jurisdictions, so check the rules where you live and confirm you meet any age requirements.

Sudo Perps is for experienced crypto traders who already use Sui wallets and understand leveraged derivatives. It may also interest liquidity providers curious about SLP yield, provided they read the documentation first. It is not suited to beginners or anyone who cannot afford to lose their deposit.