Traders can trade with up to 20x leverage long or short, enjoy transparent fees, and 24/7 guaranteed liquidity.
Virtually any asset can be supported via a perpetual contract on Perpetual Protocol. Whether it’s gold, fiat, BTC, BCH, ETH, ERC-20s, XRP, EOS, LTC, ZEC, XMR, or something else, Perpetual Protocol can support it all.
Traders on constant product (x*y=k) market makers like Uniswap suffer from higher slippages than traders on centralized exchanges (CEXs) because k is capped by the liquidity provided. Perpetual Protocol’s Virtual AMMs can set k algorithmically to provide lower slippage to traders.
Perpetual Protocol is composed of two parts: Uniswap-inspired Virtual AMMs backed by fully collateralized vaults and a built-in Staking Pool that provide a backstop for each virtual market.
Similar to trading on Uniswap, traders can trade with Virtual AMMs directly without counter-parties. Virtual AMMs provide guaranteed on-chain liquidity with predictable pricing set by constant product formula.
PERP holders can stake PERPs to Staking Pool and Perpetual Protocol’s Insurance Fund is guaranteed by PERP stakers. PERP stakers collect transaction fees, and in exchange for that must backstop for the system.
PERP is Perpetual Protocol's ERC-20 native protocol token.
PERP holders can stake PERPs to help provide a backstop for the protocol. In return, stakers are rewarded with part of the transaction fees plus staking rewards.
Once the ecosystem is matured and there is broader token distribution, Perpetual Protocol will gradually transit to community governance and let the community decide the future development of the protocol.
Perpetual Protocol is started by a team of crypto enthusiasts originate from Taiwan, with members all over the world.