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PERP

Perpetual Protocol

$0.2909
7.60%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #551
$33,008,050
Volume (24h) #222
$13,442,219
Supply (Circ. / Total / Max)
113.44M / 150M / ∞
Launch Date
2020-09-05
Built On
ETH
Token Standard
ERC20
Smart Contract Address
0xbc396689893d065f41bc2c6ecbee5e0085233447
Decimal Places
18

Perpetual Protocol Price Converter

Perpetual Protocol

Perpetual Protocol Information

Resources

WebsitesWebsiteWhitepaperBlog
Industries
DeFi
Governance
Communitiestwitter.com

Perpetual Protocol Supported Platforms

BPPERPBEP20BNB0x4e7f408be2d4e9d60f49a64b89bb619c84c7c6f52021-04-06
PERPERC20ETH0xbc396689893d065f41bc2c6ecbee5e00852334472020-09-05
PERPBEP20BNB0x4e7f408be2d4E9D60F49A64B89Bb619c84C7c6F52021-04-06
PERPERC20ARB0x753d224bcf9aafacd81558c32341416df61d3dac2021-10-21
PERPERC20GNO0x7ecF26cd9A36990b8ea477853663092333f599792021-02-27
View all

About Perpetual Protocol

Perpetual Protocol, a pioneering decentralized finance (DeFi) platform, empowers users to trade derivative contracts without traditional intermediaries. Designed by Taiwanese innovators Yenwen Feng and Shao-Kang, it employs a virtual automated market maker (vAMM) and a collateralization vault, facilitating trades of perpetual contracts, which distinctively lack an expiry date. The ecosystem's native token, $PERP, serves pivotal roles: staking (securing the platform and earning rewards), governance (directing the platform's trajectory), and insurance (enhancing risk management). However, transaction fees on the platform are processed in USDC, not $PERP.

Perpetual Protocol is a groundbreaking decentralized finance (DeFi) platform that offers users the ability to trade derivative contracts without relying on financial intermediaries. Central to the platform's mechanics is the utilization of a virtual automated market maker (vAMM) and a collateralization vault, enabling users to engage with complex financial instruments, notably perpetual contracts. Unlike futures contracts, these perpetual contracts have no set expiry date, offering traders a unique avenue for speculation and hedging.

Perpetual Protocol is the brainchild of Yenwen Feng and Shao-Kang. Both hail from Taiwan and have combined their expertise to craft a platform poised to redefine the DeFi landscape.

$PERP, the native token of the Perpetual Protocol ecosystem, holds multifaceted roles, instrumental in shaping the platform's operations:

Staking: By staking $PERP, users not only secure the marketplace but also earn rewards, promoting a healthy and active ecosystem.

Governance: Token holders wield the power of governance, using their $PERP holdings to guide the platform's future directions and decisions.

Insurance: An integral part of $PERP's functionality that wasn't originally emphasized, the token also finds application in insurance-related tasks within the ecosystem, bolstering the platform's risk management strategies.

It's noteworthy to mention that, while $PERP offers a plethora of utilities, transaction fees on the Perpetual Protocol are settled in USDC, not in $PERP.