
Perpetual Protocol (PERP)
Key data
updated $0Perpetual Protocol (PERP) is a decentralized finance (DeFi) platform enabling perpetual futures trading without intermediaries. Built on Ethereum, it allows users to trade crypto assets with leverage directly from their wallets. PERP is the native token used for governance and ecosystem incentives.
Frequently asked questions
What is Perpetual Protocol and how is it different?
Perpetual Protocol is a decentralized exchange for perpetual futures contracts, unlike centralized exchanges. It eliminates intermediaries, offering direct, trustless trading with leverage on Ethereum.
How does Perpetual Protocol's technology work?
It uses a virtual automated market maker (vAMM) model for price discovery, backed by smart contracts. Trades are settled on-chain, ensuring transparency and security without needing order books.
How is PERP token emission structured?
PERP has a hard cap of 150 million tokens. Emission occurs through liquidity mining and ecosystem incentives, with no additional tokens minted beyond the cap.
How can I store and use PERP tokens?
PERP is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet. It’s used for governance, staking, and earning rewards within the Perpetual Protocol ecosystem.