PERP
On-chain perpetual futures DEX with a virtual automated market maker, offering up to 10x leverage on a diverse range of assets.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| Total Funding | 000k | ||
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Perpetual Protocol is a decentralized exchange (DEX) that offers perpetual contracts for a wide range of cryptocurrencies. The platform caters to cryptocurrency traders looking to speculate on asset prices with leverage.
Operating within the Decentralized Finance (DeFi) and crypto derivatives market, Perpetual Protocol utilizes a virtual automated market maker (vAMM) for on-chain liquidity and predictable pricing, setting it apart from traditional order book-based exchanges. The protocol's revenue is generated from trading fees, which are then distributed to stakeholders, including token holders and liquidity providers.
Initially launched on the Gnosis chain (formerly xDai), Perpetual Protocol has expanded to other blockchains like Optimism, enhancing its scalability and user experience. The protocol is governed by its native token, PERP, which allows holders to participate in the platform's future development by voting on proposals.
Keywords: decentralized exchange, perpetual contracts, crypto derivatives, DeFi, vAMM, leverage trading, on-chain liquidity, blockchain, cryptocurrency, futures trading