Virtually any asset can be supported for trading on Perpetual Protocol. We are starting with crypto asset tokens, and will expand into other assets in the future — gold, oil, fiat, and anything with a price and trader demand.
Traders can trade with up to 10x leverage long or short, enjoy transparent fees, and 24/7 guaranteed liquidity.
Experience the thrill of trading on a fully decentralized exchange with zero or near-zero network fees.
Perpetual Protocol lets traders place orders without the need for a counter-party. Simply place your order, and it's filled within seconds! A low 0.1% fee applies to any order — no high taker fees.
Orders are calculated using AMMs like on Uniswap, but that's where the similarities end. In order to provide long/short orders as well as leverage, Perpetual Protocol invented the Virtual AMM. vAMMs let you make trades based on your collateral, without the need for liquidity provides. Since derivatives on Perpetual Protocol are cash settled, the exchange does not need to hold any of the assets being traded.
PERP is Perpetual Protocol's ERC-20 native protocol token.
PERP holders can stake their tokens to help provide a backstop for the protocol. In return, stakers are rewarded with part of the transaction fees plus staking rewards.
Token stakers can take part in community governance and help shape the future development of the protocol.
Perpetual Protocol is an open source software project started by a team of crypto enthusiasts originating from Taiwan, with members all over the world.