What is Perpetual Protocol?

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.

How is Perpetual Protocol useful?

Perpetual Protocol provides permissionless, decentralized perpetual contract trading, allowing users to trade derivatives without centralized control. Perpetual Protocol benefits traders by offering deep liquidity, low slippage, and leveraged trading while maintaining non-custodial asset management.

The PERP token enables governance participation, staking rewards, and protocol incentives, ensuring a self-sustaining and community-driven trading ecosystem.

How does Perpetual Protocol work?

Perpetual Protocol operates using a virtual automated market maker (vAMM) model, where traders interact with liquidity pools instead of traditional order books. This mechanism ensures high liquidity and eliminates the need for counterparties.

The PERP token is used for governance and staking, where stakers earn rewards from trading fees. With its integration on Arbitrum, Perpetual Protocol achieves lower fees and faster transactions while retaining Ethereum’s security.

Perpetual Protocol milestones

• Launch of Decentralized Perpetual Trading: Introduced leverage trading without intermediaries.

• Integration with Arbitrum: Improved transaction speed and reduced gas fees.

• PERP Staking and Governance: Enabled staking rewards and decentralized decision-making.

• Expansion of Tradable Markets: Added more crypto assets for perpetual contracts.

• Liquidity Mining Incentives: Boosted liquidity provider participation and trading volume.

Perpetual Protocol continues to innovate decentralized derivatives trading, offering a secure, capital-efficient, and user-friendly alternative to traditional futures markets.

Buy Perpetual Protocol (PERP) on BITmarkets.