Table of Contents
About Perpetual Protocol Defi Coin
Perpetual Protocol Defi was launched in late 2019, originally under the name of Strike Protocol. Perpetual Protocol builds on an Uniswap-inspired automated market maker (AMM) design (constant product curve). Perpetual Protocol’s liquidity pool (k) is virtualized and determined algorithmically. Rather than rely on liquidity providers to determine the curve of a given market, Perpetual Protocol can programmatically set and update the parameters of the virtual AMM (x*y=k) and offer a competitive product for any given market at all times.
The team claims that PERP is the first virtual AMM (vAMM), which enables markets with no makers while still guaranteeing on-chain liquidity. These maker-less markets lowers the capital demands traditional markets require and pave the way for new and emerging futures.
Perpetual Protocol’s Insurance Fund is guaranteed by the holders of its native token, $PERP. The Insurance Fund is used to cover any unexpected losses from leveraged trading. If the Insurance Fund is depleted, Perpetual Protocol will mint more $PERP to refill the Insurance Fund and cover the losses.
$PERP holders can stake their assets to Perpetual Protocol’s staking pool for a fixed period of time. In return, stakers are rewarded with a percentage of the transaction fees accumulated across the protocol in addition to inflationary staking rewards.
As the name suggests, Perpetual Protocol Defi focuses exclusively on perpetual swap contracts. At launch, Perpetual Protocol will support BTC, ETH, and LINK, and can onboard other synthetic assets such as gold, crude oil, or other fiat currencies through governance in the future. Traders can get up to 20X leverage on both long and short positions. Perpetual Protocol is supported by a Decentralized Autonomous Organization (DAO) with a strong presence in Asia. It is not intended for United States residents or citizens.
Quick Fact About Perpetual Protocol Defi
| Coin Basic | Information |
|---|---|
| DEFI Coin Name | Perpetual Protocol |
| Circulating Supply | 20,180,245 PERP |
| Total Supply | 150,000,000 |
| Contract Address | 0xbc396689893d065f41bc2c6ecbee5e0085233447 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To Visit |
| Twitter Group | Click Here To Visit Twitter Group |
| Documentation | Click Here To View |
| Project Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
How does Perpetual Protocol Work?
Perpetual Protocol is composed of two parts: Uniswap-inspired Virtual AMMs backed by fully collateralized vaults and a built-in Staking Pool that provide a backstop for each virtual market.
Traders
Similar to trading on Uniswap, traders can trade with Virtual AMMs directly without counter-parties. Virtual AMMs provide guaranteed on-chain liquidity with predictable pricing set by constant product formula.
Stakers
PERP holders can stake PERPs to Staking Pool and Perpetual Protocol’s Insurance Fund is guaranteed by PERP stakers. PERP stakers collect transaction fees, and in exchange for that must backstop for the system.
What Makes Perpetual Protocol Special?
$PERP holders can stake their assets to Perpetual Protocol’s staking pool for a fixed period of time. In return, stakers are rewarded with a percentage of the transaction fees accumulated across the protocol in addition to inflationary staking rewards.
20x Leverage On-Chain Perpetual Contract Traders can trade with up to 20x leverage long or short, enjoy transparent fees, and 24/7 guaranteed liquidity.
Go Long or Short on Any Asset
Virtually any asset can be supported via a perpetual contract on Perpetual Protocol. Whether it’s gold, fiat, BTC, BCH, ETH, ERC-20s, XRP, EOS, LTC, ZEC, XMR, or something else, Perpetual Protocol can support it all.
Lower Slippage than Other AMMs
Traders on constant product (x*y=k) market makers like Uniswap suffer from higher slippages than traders on centralized exchanges (CEXs) because k is capped by the liquidity provided. Perpetual Protocol’s Virtual AMMs can set k algorithmically to provide lower slippage to traders.
What is the Utility of PERP Tokens?
Perpetual Protocol’s Insurance Fund is guaranteed by the holders of its native token, $PERP. The Insurance Fund is used to cover any unexpected losses from leveraged trading. If the Insurance Fund is depleted, Perpetual Protocol will mint more $PERP to refill the Insurance Fund and cover the losses.
PERP Tokens
PERP is Perpetual Protocol’s ERC-20 native protocol token.
Staking
PERP holders can stake PERPs to help provide a backstop for the protocol. In return, stakers are rewarded with part of the transaction fees plus staking rewards.
Governance
Once the ecosystem is matured and there is broader token distribution, Perpetual Protocol will gradually transit to community governance and let the community decide the future development of the protocol.
