What is Perpetual Protocol?
Perpetual Protocol is a decentralized exchange that specializes in trading futures contracts. Not only cryptocurrencies, but also fiat and even gold and crude oil can be traded on this exchange platform. The Perpetual Protocol procedure involves a virtual automated market maker (vAMM) and a collateral repository. These structures are designed to perform transactions and provide access to complex financial instruments, such as perpetual contracts, to any willing user. The internal currency of the protocol is PERP. Platform users can use PERP tokens to manage the protocol and invest their tokens in a betting pool for a certain period of time. In return, fund holders receive participation fees, which are PERP payments and transaction fees.Perpetual Protocol Website