PERP Perpetual

About Perpetual

Perpetual Protocol is a decentralized perpetual contract protocol that supports arbitrary assets, implemented through a virtual automated market maker (vAMM). Through the Perpetual Protocol, traders can trade directly through vAMM without the need for a counterparty. Through vAMM, if an asset has its price data on the chain-the perpetual data comes from Chainlink, Uniswap or other oracles-Perpetual Protocol can create it to create a perpetual contract belonging to the asset. In the near future, anyone can create a new contract market on the platform and cancel some transaction fees, just like the current liquidity provider on Uniswap. PERP is the native functional token of the platform, and has the following two purposes: Governance: Token holders can use their tokens to vote on the next asset to be listed, or to influence the development direction of the agreement. Pledge: Token holders can stake their tokens on the platform and receive staking rewards and part of the transaction fees. The collateralized tokens also have the right to protect the role of the market.