What is Perpetual Protocol PERP Token DEX vs CEX

The PERP token has proven bullish over the last two years since its inception. It first started trading at $0.60 and appreciated to an all-time high of $24 within one year, giving a return of nearly 40x for early investors. The Perpetual Protocol token, PERP, is an ERC-20 token running on the Ethereum mainnet that serves as the governance token of the exchange. The PERP token is used for governance and voting on the network where holders can vote on new feature proposals in the future.

Although this can be very profitable when traders speculate correctly, it also comes with the risk of significant losses and even liquidation of whole positions. Perpetual futures offer a unique opportunity for traders interested in speculating on the future price of assets without the constraints of an expiration date. With features like leverage and no expiry, perpetual futures can be an attractive option for those looking to capitalize on market trends or hedge existing positions. This involves taking a long or short position in a perpetual futures contract based on your expectation of the future price direction of the underlying asset. The funding rate mechanism helps to keep the perpetual futures price aligned with the spot price, as it incentivizes traders to take positions that would bring the two prices closer together.

Users can see when someone posted a long or a short trade for any of the listed crypto pairs. The data can help them make a decision about the direction the market is going in. Perpetual Protocol is not free and users pay 0.1% taker fees and 0.09% fees for every trade placed on the network in addition to Ethereum gas fees. The network fees are settled in ETH and stablecoins such as DAI and USD Coin (USDC). PERP was launched around the time of the mainnet launch in September 2020 using a feature of the Balancer DEX’s platform called the Liquidity Bootstrapping Pool (LBP). Through this process, a small percentage of the total supply of PERP tokens were sold to raise funds for the project.

Unlike traditional futures contracts, which have a set expiry date, perpetual futures can be held indefinitely. While Perpetual Protocol is not the first decentralized leverage trading platform, it’s one of the most-used. The team behind the protocol made it easier on traders to bear the high Ethereum gas fees by switching to Ethereum Optimism – a layer-2 scaling solution. The trades are now a lot more affordable and the PERP token has had excellent performance over the last bull run.

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Pros and Cons of Perpetual Futures

Minnesota Star Tribune sports writer Jim Paulsen wraps up the 2024 high school football season with a statewide, class-crossing football ranking. Having launched only a little over a month ago, Perpetual Protocol has already attracted significant volume to its exchange, which is also evident in its price-to-sales ratio. The Perpetual Protocol charges a 0.1% trading fee (take rate) on each trade executed on the vAMM. Trading on Perpetual Protocol is simple once a trader has the basic tools set up. The first step is to download and install the MetaMask wallet, which is a browser extension that works on Google Chrome and Brave browser. Perpetual futures can be compared with perpetual options (XPOs), which also lack an expiry date.

Perpetual Protocol statistics

The developers announced a second, updated version of the protocol called “Curie” that launched on Optimism (an Ethereum L2 network) in November 2021. This new version adjusted original vAMM model and more closely tied itself to Uniswap’s traditional AMM. By using this vAMM model and building the exchange on xDai, traders are able to enjoy on-chain trading without fees and instant settlement. Furthermore, Perpetual Protocol supports gas-free deposits over 500 USDC, meaning traders are able to deposit with 0 ETH in their wallets.

Perpetual Protocol doesn’t follow the usual order book model of centralized exchanges. Instead, traders trade against a virtual safeonline emerging technology risks automated market maker, whose initial liquidity is set by the operator. Feng and Lee began to develop Perpetual Protocol as a part of the Binance incubator.

• Unlike in Uniswap, where liquidity providers deposit real assets into a trading pool, in Perpetual Protocol the initial asset balances are virtual, set by the pool creator (currently the core team).
• Perpetual Protocol’s price today is US$0.81, with a 24-hour trading volume of $16.33 M.
• Annualized revenue is a forward-looking revenue estimate that is calculated based on a simple 30-day moving average.
• Perpetual Protocol might be well-positioned to attract traders interested of these non-Ethereum assets.

Who Are the Founders of Perpetual Protocol?

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When holders lock their PERP, they receive voting escrow PERP (vePERP) tokens in return. This process is based on the standard for “veTokenomics” originally set by Curve. In general, more vePERP are returned to users who lock more of their tokens for longer amounts of time. Perpetual futures are now a relatively common offering in the cryptocurrency space, although they still haven’t been adopted in traditional finance. Perpetual Protocol was one of the first of these crypto platforms to offer perps.

The assets tradable on Perpetual Protocol are not the underlying assets, i.e. The trading is similar to Phemex contract trading, but as a centralized exchange Phemex provides the liquidity for its own users while funds are stored in community vaults on Perpetual Protocol. Perpetual futures can be used to hedge an existing position in the underlying yaml tutorial asset. For example, a trader holding Bitcoin could sell perpetual futures to protect against a potential price drop.

This is part of their strategy to avoid exposing their user base to more volatile crypto and create a sense of security for users. Let’s say a trader purchases 100 call options on Bitcoin and they are in profit three months later. They could sell these contracts at a higher price or they could keep them indefinitely – as long as they make a profit. If the price moves against their trade, they could get liquidated and the contract would expire.

Annualized revenue is a forward-looking revenue estimate that is calculated based on a simple what is electroneum ico review 30-day moving average. Currently, the trading fees are directed to a separate insurance fund, which is used to cover potential shortfalls that result from failed liquidations, or the needs to pay funding payments from the vAMMs. Over time, 50% of the trading fees will be distributed to PERP tokenholders. In order to support an asset, the protocol needs to have access to the underlying asset’s price to correctly determine the size of the recurring funding payments. The token has since depreciated by -80% from its all-time high and is currently trading at $4.30. This is not a reflection of the platform itself gaining or losing users but the state of the crypto market as a whole.