Trade PERP with Leverage


Perpetual Protocol (PERP) is a decentralized finance (DeFi) platform that allows users to trade perpetual futures contracts for various cryptocurrencies. It employs a unique system known as a Virtual Automated Market Maker (vAMM) to facilitate trading without the need for traditional liquidity pools or order books, thereby allowing for leveraged trading of perpetual contracts. This system provides price exposure to assets on-chain without actually owning them, offering a market-neutral and fully collateralized environment. Perpetual Protocol was founded by Yenwen Feng and Shao-Kang Lee in Taiwan. Originally named "Strike," it rebranded to Perpetual Protocol and launched its mainnet in December 2020. The project successfully raised about $10.65 million in funding, allocating a significant portion of the PERP token supply to the founding team, advisors, and early investors. As of now, the protocol continues to be developed by its core team, with plans to transition governance to the community in the future. Emphasizing the principles of DeFi, the Perpetual Protocol is committed to enhancing its DeFi initiatives and supporting other projects to develop on top of Perpetual Protocol, embodying the concept of "DeFi money lego. The native token of Perpetual Protocol, PERP, serves multiple purposes within its ecosystem, including staking for network security and governance, where token holders can vote on protocol updates. In case of extreme and unlikely events that deplete the exchange's insurance fund, PERP tokens may be sold at market value to cover any losses. PERP holders can earn passive income through staking their tokens, receiving rewards from transaction fees in USDC stablecoins, and additional PERP tokens.