Perpetual Protocol is a decentralized derivatives trading platform that enables leverage trading of perpetual contracts on various crypto assets. Launched in 2020, Perpetual Protocol allows traders to go long or short with up to 10x leverage without needing an intermediary.
Built on Ethereum and later integrated with Arbitrum, Perpetual Protocol offers high capital efficiency and low transaction costs. Perpetual Protocol's native token, PERP, is used for governance, staking rewards, and liquidity incentives.