Perpetual Protocol is a decentralized exchange (DEX) based on Ethereum and xDai. It claims to be the largest derivatives DEX by daily trading volume. Users can trade using virtual automated market maker (vAMM), which provides on-chain liquidity and predictable pricing set by constant product curves. Perpetual Protocol uses scaling technology called xDai that offers fast transactions with minimal fees. It aims to be a user friendly and high security derivatives DEX.
PERP is the utility token for Perpetual Protocol. It can be staked to receive rewards in stable coins from transaction fees and staking rewards in PERP token. Stakers have zero risk as PERP token are stored in smart contract vault instead of liquidity protocol, hence eliminating the risk of impermanent loss.
Perpetual Protocol Project Investors ($1.8M)
Multicoin Capital, Calvin Liu, CMS Holdings, Alameda Research, George Lambeth, Andrew Kang, Alexander Pack, Three Arrows Capital, Binance, Regan Bozman.