FAQs
Frequently Asked Questions
What is Pear Protocol?
Pear is the home of agentic long/short trading. Orchard is its non-custodial engine for pair and basket trades on perpetual futures, routing to venues like Hyperliquid and Lighter (plus Binance, Bybit, and OKX in Pear Pro). You take simultaneous long and short positions from one UI, with an AI co-pilot (Agent Pear), live stats, and Auto-Rebalance doing the heavy lifting. Pear never holds your funds.
Why trade pairs instead of just going long or short?
A single directional bet is really two bets your specific view and a bet that the whole market cooperates. Pair trading strips out the second. You trade relative performance "SOL outperforms ETH," "BTC underperforms ETH," "L2s beat majors" so you're insulated from broad market swings and your outcome hinges on which side wins. It works in any tape: bull, bear, or chop.
Is Pear Protocol a DEX?
No. Pear is a trading and routing layer, not an exchange. We don't custody funds or match trades we split your order into long and short legs and route them to the venue you choose. Execution and settlement happen on that venue.
Is Pear available on mobile?
Yes. There's a mobile mini-app on Base and Farcaster (mini.pear.garden) for trading baskets on the go, Agent Pear on Telegram, and the web app runs in mobile browsers.
How does execution work?
Orchard is an engine, not an exchange or custodian. It splits your trade into long and short legs (one each for a pair, many for a basket), routes each leg to your chosen venue, and fires them timestamp-synced in the same block on Hyperliquid for clean execution on the ratio. You always control your funds.
Where are my funds held?
Never by Pear. It depends on the venue:
- Hyperliquid / Lighter you deposit collateral into the venue's non-custodial engine; Orchard manages positions without custody.
- Pear Pro CEX (Binance, Bybit, OKX) funds stay on the exchange; you connect trade
- Vaults deposits are on-chain on HyperEVM.
What assets can I trade?
Perp markets on Hyperliquid and Lighter (plus Binance/Bybit/OKX in Pear Pro). Beyond crypto, you can trade equity perps and other asset classes via HIP-3 equities, FX, commodities, indices and even equities-vs-crypto in a single basket. Orchard auto-surfaces the markets each venue supports.
What's the difference between a pair and a basket?
A pair is one long against one short. A basket is many longs against many shorts up to 15 legs a side held as one position with one PnL, one funding number, and one set of risk controls. Use a basket to trade a whole narrative instead of a single name.
What is Auto-Rebalance?
An opt-in setting that keeps a position on target as the market moves. Weights mode snaps each leg back to your initial weights; Beta mode holds the position beta-neutral. Set a drift threshold and Orchard rebalances when the position crosses it.
How do I hedge impermanent loss as an LP?
Use a trigger (limit) pair trade. If you LP a concentrated position say PEPE/ETH arm a pair trade (short PEPE, long ETH) to activate if price leaves your LP range, offsetting the impermanent loss. Pear's trigger and ladder orders make this kind of conditional hedge straightforward.
Agent Pear & automation
What is Agent Pear?
Your AI trading co-pilot. Ask it typed or by voice for a market read, a pair or basket idea, or a review of your book, and it researches (with web and X citations), proposes a structured trade with a thesis and suggested leverage, and lets you open it in a tap. It publishes continuous Signals too. Agent Pear proposes; you confirm every trade. It's on the web app, Pear Pro, the mini-app, and Telegram.
Is there an API? Can I connect my own agent?
Yes to both. Orchard offers an API for strategy automation (see API Integration) and an MCP server so you can connect your own LLM agent or workflow to Pear's market data and execution the same surface that powers Agent Pear.
Vaults, token & safety
What are Vaults?
Managed pools that run Orchard's long/short strategies. Deposit into a vault to back a proven pair trader, or run your own on Pear's HyperEVM infrastructure set your own fee and withdrawal policy, trade HIP-3/HIP-4 assets, and earn yield on idle stables.
How do fees work?
When you trade via Pear:
- You pay the normal trading fees of the underlying venue
- You may receive rebates or discounts via staking PEAR or through referral rewards
- On Hyperliquid, trades are routed with Pear’s builder code, and fees are transparently split per Hyperliquid’s public builder model
Do I need to hold $PEAR to use Pear?
No. Anyone can use Pear without holding $PEAR.