What is Perpetual Protocol (PERP)?

Perpetual Protocol is a DEX specifically designed for trading perpetual contracts. The protocol first came out on the Ethereum blockchain and has expanded to a few other EVM-compatible blockchains since. While it aims to be more decentralized with the introduction of the PERP token as a governance token, the protocol is pretty much still under control of the core development team.

Perpetual Protocol was released as "Strike" in 2018 by Yenwen Feng and Shao-Kang Lee.

How Perpetual Protocol (PERP) Works

Like most other DEXes, Perpetual Protocol employs automated market maker (AMM) strategy to eliminate the need for intermediary. But unlike other DEXes where the majority of transactions are spot orders, the AMM of Perpetual Protocol is made to obtain price data, not for liquidity provision. Hence, this mechanism is called virtual AMM or vAMM in short.

On the other hand, there are two special smart contracts that serve as the clearinghouse and Collateralization Vault. The former is responsible for accepting deposits then sending it to the Collateralization Vault, as well as recording margin, direction, and leverage data from users. Based on the information given, the Vault secures positions and alerts the vAMM to update the pricing.

How Many Perpetual Protocol (PERP) Tokens Are in Circulation?

PERP token can be used in the Perpetual Protocol to decide the development of the project, receive more PERP via staking, earn referral rewards, and to receive a fraction of trading fees.

PERP's total supply: 150,000,000

PERP's circulating supply: 90,775,000

How to Buy Perpetual Protocol (PERP)

Consider investing in Perpetual Protocol (PERP)? It only takes 2 minutes to create an account on Bitget and start trading PERP. 

Check out the available PERP trading pairs on Bitget!

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PERPUSDT

Perpetual Protocol (PERP) Resources

Official Website

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