Perpetual Protocol

What is Perpetual Protocol (PERP)?

• Perpetual Protocol (PERP) is a decentralised exchange (DEX) for futures on Ethereum and xDai

• It offers up to 10x leverage on assets like BTC, ETH, and DOT.

• PEPR utilises virtual automated market maker (vAMM) for liquidity.

• Max Supply: 150 million PERP tokens.

• Circulating Supply: 66 million PERP tokens.

• Allocation: 54.8% for Ecosystem & Rewards, 21% for Team & Advisors, 15% for Strategic Round, 5% for Public Sale (LBP by Balancer), and 4.2% for Seed.

As of today #{today’s date}, the price of Perpetual Protocol is ₹59.64 INR or 0.6448 USD, with a 24-hour trading volume of 3766052.71 USD. The market capitalization for Perpetual Protocol is 42661355.85USD. The circulating supply is 66002156.95 Perpetual Protocol, with the total supply also being 150000000 Perpetual Protocol.

Pros:

• Decentralised and non-custodial trading.

• Up to 10X leverage on various assets.

• Utilises vAMM for predictable pricing and liquidity.

Cons:

• High competition from other DEXs and centralised exchanges.

• Potential regulatory risks associated with DeFi platforms.

Why Should You Invest in the Coin?

• Innovative approach to decentralised futures trading.

• Leverage capabilities and interest in DeFi platforms.

• Unique vAMM system and governance model.

USP of the Coin

• Decentralised perpetual futures DEX with up to 10x leverage.

• Operates on Ethereum and xDai without custody risks.

• Deep liquidity and composability for various assets.

Problem the Coin is Solving

• Offers leveraged trading without expiry on a wide range of assets.

• Reduces slippage with vAMM system.

• Eliminates custody risks of centralised platforms.

Founder and Team Background

• PERP was co-founded by Yenwen Feng and Shao-Kang Lee.

• The team has extensive backgrounds in blockchain technology and financial markets.

ICO Price

• The IDO price was $1.64.

• Launch date: 9th September to 12th September 2020.

Risks Associated in Investing in the Coin

• Market volatility, regulatory changes in DeFi.

• Competition from other DEXs and centralised exchanges.

• Potential technical vulnerabilities in smart contracts.

The Perpetual Protocol whitepaper outlines the design and functionality of its decentralised exchange for trading perpetual futures contracts. It introduces the concept of a virtual automated market maker (vAMM) that provides on-chain liquidity and predictable pricing without requiring physical liquidity pools. This innovative approach allows for leveraged trading up to 10x on various assets, including cryptocurrencies, commodities, and more, without an expiry date for contracts.

The whitepaper details the tokenomics of the PERP token, including its distribution, governance role, and utility within the ecosystem. PERP token holders can participate in governance decisions, stake their tokens for rewards, and contribute to the protocol’s security and efficiency.

One of the key challenges the Perpetual Protocol aims to solve is the need for more liquidity and high slippage in decentralised trading platforms. By leveraging the vAMM system, the protocol ensures deep liquidity and reduced slippage, making it competitive with centralised exchanges while maintaining the security and transparency of a decentralised platform.

The document also discusses the technical architecture of the protocol, including its use of Ethereum and xDai for scalability and lower transaction costs. It highlights the security measures, such as smart contract audits and an insurance fund to protect users’ assets.

In summary, the Perpetual Protocol whitepaper presents a comprehensive overview of a decentralised platform that aims to revolutionise the trading of perpetual futures contracts. It emphasises the protocol’s innovative liquidity solution, governance model, and commitment to security, positioning it as a significant player in the DeFi space.