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Perpetual Protocol is a decentralized exchange (DEX) specializing in perpetual futures contracts, allowing users to trade a variety of assets, including cryptocurrencies and commodities, with up to 10x leverage. Built on Ethereum's Layer 2 solution, Optimism, it offers low fees and fast transactions. The platform utilizes a virtual Automated Market Maker (vAMM) to provide on-chain liquidity without relying on traditional order books. Its native token, PERP, serves multiple roles within the ecosystem, including governance participation and staking rewards. By staking PERP, users can earn a share of transaction fees and influence the protocol's development through decentralized governance.
Perpetual Protocol is a decentralized exchange that enables users to trade perpetual futures contracts with up to 10x leverage on various assets, utilizing a virtual Automated Market Maker (vAMM) for liquidity.
PERP tokens can be purchased on major cryptocurrency exchanges such as Binance, Kraken, Coinbase, KuCoin, Bybit, and BitMart. PERP is also traded on decentralized exchanges such as Uniswap and SushiSwap.
PERP tokens on Ethereum and BSC blockchains can be stored in compatible wallets like Bitcoin.com Wallet, MetaMask, Trust Wallet, or hardware wallets such as Ledger and Trezor. Other wallet options are available based on the underlying blockchain.
The virtual Automated Market Maker (vAMM) in Perpetual Protocol provides on-chain liquidity by using a constant product formula to set prices, allowing traders to enter and exit positions without the need for counterparties.
The PERP token serves as the native utility and governance token of Perpetual Protocol, enabling holders to participate in governance decisions and earn staking rewards from transaction fees.
PERP tokens can be staked through the Perpetual Protocol staking dashboard, where users can lock their tokens to earn a share of transaction fees and additional rewards.
Perpetual Protocol supports trading of various assets, including cryptocurrencies, gold, and other commodities, through its perpetual futures contracts.
Yes, Perpetual Protocol operates as a decentralized exchange, utilizing smart contracts on the Ethereum blockchain to facilitate trustless and transparent trading.
Traders can access up to 10x leverage when trading perpetual futures contracts on Perpetual Protocol.
Perpetual Protocol employs rigorous security measures, including smart contract audits and the use of Layer 2 scaling solutions like Optimism to enhance transaction security and efficiency.
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