Overview of Perpetual Protocol (PERP)
Perpetual Protocol (PERP) is a decentralised protocol that facilitates the trading of perpetual contracts across a variety of assets. By utilising an automated market maker (AMM) design inspired by Uniswap, this platform enables users to execute trades without the necessity for traditional counterparties.
Key Features of Perpetual Protocol
Decentralised Trading
The decentralised nature of Perpetual Protocol empowers traders by allowing them to engage directly in trading activities without intermediaries. This reduces costs and increases efficiency in the trading process.
Perpetual Contracts
Perpetual contracts are a unique type of agreement that allows traders to speculate on the future price of assets without an expiration date. Perpetual Protocol supports various cryptocurrencies and plans to integrate synthetic assets, including commodities like gold and crude oil, as well as fiat currencies.
Automated Market Maker Design
Perpetual Protocol employs an AMM framework that facilitates constant liquidity for traders. This design leverages liquidity pools to enable users to trade seamlessly without waiting for buyers or sellers to match their orders.
Technological Infrastructure
On-Chain Price Feeds
To establish and maintain perpetual markets, Perpetual Protocol utilises on-chain price feeds from trusted sources such as Chainlink, Uniswap, and other oracles. This ensures that prices reflect real-time market conditions, contributing to transparent and fair trading practices.
Team and Mission
The team behind Perpetual Protocol aims to democratise access to futures and derivatives. Their mission is to remove high barriers to entry in trading, making it easier and more accessible for individuals to participate in these markets.
Tokens and Utility
The native token, PERP, is integral to the protocol, serving various functions including governance and incentivising liquidity providers. Users holding PERP can participate in decision-making processes regarding the platform’s future developments and improvements.
Community and Development
Perpetual Protocol has garnered a growing community of users and developers who contribute to its ongoing success. Engagement within the community drives innovation and supports the adoption of the platform throughout the cryptocurrency ecosystem.
Useful Links
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