• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Perpetual Protocol

PERP
Official links
Tags
XDAI EcosystemDerivativesPerpetuals

News

DeXe Demonstrates 12% Price Increase in Market Stagnation

chest
DeXe, a decentralized asset management protocol, recorded a 12% price surge, standing out amid a general decline in the crypto market.
user avatar

Giorgi Kostiuk

Developers Transition: Creating AAA Shooter on Etherlink

chest
A team of industry veterans is developing a new shooter with blockchain support on Etherlink.
user avatar

Giorgi Kostiuk

HTX Team Competition: Over One Million Dollar Prize Pool

HTX Team Competition: Over One Million Dollar Prize Pool

chest
HTX announces team trading competition with a prize pool exceeding one million USDT and a chance to win a Xiaomi SUV.
user avatar

Giorgi Kostiuk

Bitstamp Acquires Major Payment Institution License in Singapore for Southeast Asia Expansion

chest
Bitstamp, the crypto exchange, has obtained a license in Singapore and plans to expand into the Southeast Asian market, enhancing its reliability.
user avatar

Giorgi Kostiuk

What is Perpetual Protocol?

Perpetual Protocol (PERP) - a decentralized exchange (DEX) for Ethereum and xDai futures. Traders can go long or short with 10x leverage on a growing number of assets such as BTC, ETH, DOT, SNX, YFI and more.

Contents:

History of Perpetual Protocol (PERP)

Traders always retain ownership of their assets on-chain as well. The Perpetual Protocol uses a Virtual Automated Market Maker (vAMM) that provides on-chain liquidity with predictable prices, set by constant product curves. In addition, Perpetual Protocol designed its vAMMs to be market-neutral and fully provisioned.

The stated vision of Perpetual Protocol - to create the world's best, most accessible and secure decentralized derivatives trading platform. By building on other DeFi projects and allowing projects to build on this protocol, the company is adhering to the “DeFi money lego” spirit. Having achieved success in its roadmap, such as launching staking pools and implementing limit orders, Perpetual Protocol plans to expand to other chains, adopt leveraged tokens and launch dynamic liquidity in its pools.

Protocol uniqueness

The goal of PP - to create a perpetual contract trading platform that anyone can use. To do this, users must be able to trade with good liquidity and low slippage. Perpetual Protocol solves this problem with its vAMM solution. The advantages of the protocol are as follows:

Model The Perpetual Protocol does not follow the usual order book model of centralized exchanges. Instead, traders trade against a virtual automated market maker whose initial liquidity is set by the operator.
Perspective There is no need to have liquidity swaps, as vAMM functions as a count of all trades and automatically balances in the long run. In practice, Perpetual Protocol trades are all settled in USDC.

Using the vAMM model and building an exchange on xDai, traders can enjoy on-chain trading without commissions and instant settlement. In addition, Perpetual Protocol supports gasless deposits over $500, which means traders can deposit with 0 ETH in their wallets.

Buying tokens

The total supply of PERP - 150 million. The current circulating supply of PERP - 68.7 million. PERP - a utility token that incentivizes and facilitates decentralized protocol governance. PERP is available on:

  • UniSwapV2;
  • Binance;
  • Kraken;
  • FTX;
  • Gate.io.

The protocol has been verified by Consensys and Peckshield. It is community driven and has a program for developers to find bugs in smart contracts.

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.