Perpetual Protocol DEX
The core of Perpetual Protocol is the decentralized exchange (DEX), based on Ethereum and xDai.
Perpetual Protocol is a decentralized perpetual contract protocol for every asset, made possible by a Virtual Automated Market Maker (vAMM).
Like Uniswap, traders can trade with our vAMMs directly without the need for counterparties. The vAMMs provide guaranteed on-chain liquidity with predictable pricing set by constant product curves. The vAMMs are also designed to be market neutral and fully collateralized.
PERP holders can become stakers by staking the PERP tokens in their possession to a Staking Pool. In return, stakers are rewarded with a portion of the transaction fees in stable coins plus staking rewards in PERP.
What Does Perpetual Protocol Do?
Virtually any asset can be supported for trading on Perpetual Protocol. We are starting with crypto asset tokens, and will expand into other assets in the future — gold, oil, fiat, and anything with a price and trader demand.
10x Leverage On-Chain
Traders can trade with up to 10x leverage long or short, enjoy transparent fees, and 24/7 guaranteed liquidity.
Ultra low network fees
Experience the thrill of trading on a fully decentralized exchange with zero or near-zero network fees.
How does Perpetual Protocol Work?
Perpetual Protocol lets traders place orders without the need for a counter-party. Simply place your order, and it's filled within seconds! A low 0.1% fee applies to any order — no high taker fees.
Traders
Orders are calculated using AMMs like on Uniswap, but that's where the similarities end. In order to provide long/short orders as well as leverage, Perpetual Protocol invented the Virtual AMM. vAMMs let you make trades based on your collateral, without the need for liquidity providers. Since derivatives on Perpetual Protocol are cash settled, the exchange does not need to hold any of the assets being traded.
Stakers
PERP holders can stake PERP tokens in the Staking Pool to receive rewards. Staking serves indirectly to backstop the system — learn more here.
What is the Utility of PERP Tokens?
PERP Tokens
PERP is Perpetual Protocol's ERC-20 native protocol token.
Staking
PERP holders can stake their tokens to help provide a backstop for the protocol. In return, stakers are rewarded with part of the transaction fees plus staking rewards.
Governance
Token stakers can take part in community governance and help shape the future development of the protocol.
Perpetual Protocol is live on Ethereum mainnet!