Perpetual futures contracts have gained attention as innovative financial instruments, distinguished from traditional futures contracts by their lack of expiration dates. Bitoro, a decentralized perpetual futures trading network, recently introduced its trading protocol on the Injective network and other networks, offering traders a seamless and cost-effective trading experience.

Brian Purcell, the founder and CEO of Bitoro, emphasized the importance of this initiative in expanding decentralized trading solutions. Leveraging the infrastructure of Injective network, Bitoro aims to enhance its offerings with advanced features like institutional gateways and on-chain perpetuals for Real-World Assets (RWAs).

Eric Chen, the co-founder and CEO of Injective Labs, praised the partnership with Bitoro for empowering developers to deploy innovative DApps quickly. Perpetual futures contracts provided by Bitoro enable traders to maintain positions indefinitely, settled in cash, unlike traditional contracts requiring physical delivery of assets.

The funding rate mechanism in perpetual futures contracts plays a crucial role in market stability, ensuring that contract prices remain in line with the current market rates. This mechanism facilitates a balanced exchange between buyers and sellers, contributing to market equilibrium.