Perpetual Protocol is a decentralized open-source exchange for trading perpetual futures on xDai and Optimism. The platform aims to deliver the most accessible, secure, and leading decentralized derivatives trading experience for seasoned traders powered by DeFi principles.
Perpetual futures can be traded against the price of a wide variety of supported assets on the protocol. Traders can use them to go long or short, with up to 10x leverage and more.
Perpetual Protocol utilizes open-source vAMM technology to enable decentralization and offer complete transparency and control to its users. As it is deployed on Layer-2 scaling solutions, the protocol provides a faster trading experience with lower transaction costs than other DEXs and platforms operating on layer-1 Ethereum.
PERP is the utility token of Perpetual Protocol. It is used for governance and staking activities and has a fixed supply set of 150 million.
