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PowerMaker is an automated market maker for power perpetuals. A power perptual is an index that tracks price of a token to a power. For PowerMaker2, the exponent is four. By trading a power perpetual, a trader can get a continuously releveraging position known as convexity.
As a fully autonomous protocol, PowerMaker has no admin functions, zero external dependencies, and all smart contracts are non-upgradable and hosted on the Ethereum Virtual Machine (EVM) without any trusted intermediaries.
PowerMaker is source available and hosted on Arbitrum. Therefore any public functions are exposed and can be called by an external program. For the most user-friendly experience, PowerMaker can accessed on the web application numoen.com.