Jasper Vault operates a BTC perpetual futures platform that combines leveraged perpetual trading with Perpetual Protect (PP), a position-protection mechanism intended to establish risk boundaries without requiring users to close positions prematurely. Its pricing and market depth reference Binance BTC perpetual markets, aiming to provide a more transparent and liquid trading experience. The platform targets leveraged BTC traders concerned about liquidation, stop-loss events, overnight positions, market volatility, and losses from repeatedly adding margin.