What is Perpetual Protocol (PERP)?

Perpetual Protocol (PERP) seeks to revolutionize the way users trade perpetual contracts by giving them access to a variety of perpetual marketplaces with high liquidity and low costs. Perpetual Protocol, a well-known name in the blockchain sector, provides a decentralized exchange (DEX) that makes use of virtual automated market makers (vAMMs) to speed up trading of perpetual contracts. eternal Protocol has acquired substantial recognition and popularity thanks to its cutting-edge technology and user-centric approach, enabling traders to engage in eternal trading with comfort and flexibility.

The History of Perpetual Protocol

The 2019 development of perpetual protocol, originally known as strike, was motivated by new DeFi protocols like Synthetix and Uniswap. To develop a decentralized perpetual contract trading system on Ethereum, the team attempted to integrate the advantages of these technologies. The virtual AMM (vAMM) nature of the protocol enables it to accommodate 20x leverage, short positions, and decreased slippage in comparison to other AMMs.

The Use Case of Perpetual Protocol

With access to a variety of eternal markets, traders can profit from price changes without having to hold the underlying commodity, including cryptocurrencies, commodities, and conventional financial assets. High liquidity and tight spreads are guaranteed by the platform's vAMM technology, enabling frictionless trading experiences.

In order to reward users and guarantee liquidity in the everlasting markets, everlasting Protocol also provides novel features like virtual automated market makers (vAMMs) and virtual liquidity mining (vLiquidity). Additionally, minimal costs and quick settlement times are available to traders, increasing their trading productivity and profitability.