What is Perpetual Protocol?
Perpetual Protocol is a decentralized perpetual contract platform, operated by a virtual automated market maker (vAMM). Users can trade perpetual contracts with vAMM without going through a 3rd party.
What problem does the Perpetual Protocol solve?
The process of trading on centralized exchanges (CEX) puts users’ assets and data under the management and supervision of the exchange, increasing the risk of security attacks. Therefore, Perpetual Protocol is focused on decentralization, with the following features:
- Trustless: allow users to access the market without an intermediary.
- Non-Custodial: help users to fully manage their own assets.
- Transparency: operate system through smart contract on Ethereum and managed by DAO.
- Permissionless: allow anyone to access and use the platform’s products and services.
Key features of Perpetual Protocol
The most prominent technology of Perpetual Protocol is vAMM and liquidity reserve.
vAMM can create a perpetual market for any asset whether from Chainlink, Uniswap or other platforms, as long as the asset has an on-chain price feed.
Additionally, vAMM ensures on-chain liquidity for perpetual contract trading, with prices predictable by constant product curves. The vAMMs are market-neutral and fully collateralized.
Perpetual Protocol currently supports 9 perpetual trading pairs which are AAVE, BTC, COMP, DOT, ETH, SUSHI, SNX, LINK and YFI. A new trading pair will be listed every week.
Token PERP
PERP is the platform’s native utility token, which has the following functions:
- Governance: PERP holders can vote for the next tokens to be listed on the exchange, as well as participate in the platform development plan.
- Staking: PERP tokens can be staked to receive rewards and a portion of transaction fees.
Specifications
- Ticker PERP
- Blockchain: Ethereum
- Token standard: ERC-20
- Total supply: 150,000,000 PERP
- Circulating Supply: 68,700,000.00 PERP
PERP Token Allocation
- Ecosystem & Rewards: 54.8%
- Team & Advisor: 21%
- Strategic investors: 15%
- Balancer LBP: 5%
- Angel investors: 4.2%
PERP token Price today
How to buy PERP
Perpetual Protocol (PERP) has been listed on Attlas Exchange.
Traders can easily and securely buy PERP with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find PERP
Step 5: Select Buy
Summary
This article is an overview of Perpetual Protocol (PERP), not a financial advise.
Users are advised to do their own research before making any trading decisions.