What is Perpetual Protocol?

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.

Who Created Perpetual Protocol?

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.

What is $PERP Used For?

$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.

Perpetual Protocol (PERP) Markets

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	PERP-USD PERP-USD	coinbase	AA	0.01919USD	1.05%	721,611.06PERP	191	0.01900USD	0.01960USD
2	PERP-USD PERPUSD	kraken	AA	0.01940USD	1.57%	51,676.92PERP	22	0.01910USD	0.01940USD
3	PERP-USDT PERP_USDT	gateio	A	0.01903USDT	1.22%	32,946.00PERP	30	0.01880USDT	0.01922USDT
4	PERP-EUR PERPEUR	kraken	AA	0.01680EUR	-1.18%	15,887.90PERP	3	0.01700EUR	0.01700EUR
5	PERP-EUR PERPEUR	bit2me	B	0.01680EUR	-1.18%	15,887.90PERP	3	0.01700EUR	0.01700EUR
6	PERP-THB THB_PERP	bitkub	C	0.6205THB	0.00%	8,384.15PERP	4	0.6205THB	0.6207THB
7	PERP-KRW perp_krw	korbit	C	31.01KRW	0.00%	0PERP	0	31.01KRW	31.01KRW
8	PERP-BTC PERPBTC	hitbtc	E	0.0₆3200BTC	0.00%	0PERP	0	0.0₆3200BTC	0.0₆3200BTC
9	PERP-USDT PERPUSDT	latoken	D	0.02025USDT	0.00%	0PERP	0	0.02025USDT	0.02025USDT
10	PERP-USDT PERPUSDT	hitbtc	E	0.02221USDT	0.00%	0PERP	0	0.02221USDT	0.02221USDT
11	PERP-USDT PERP_USDT	poloniex	C	0.01840USDT	0.00%	0PERP	0	0.01840USDT	0.01840USDT