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Perpetual Protocol

About Perpetual Protocol

What is Perpetual Protocol?

Perpetual Protocol is a decentralized exchange (DEX) for trading perpetual futures - originally launched as V1 was built on the Ethernet expansion solution xDai, while V2 was built on the Ethernet layer-2 expansion solution Optimism. The exchange also plans to add other EVM-compatible blockchains in the near future. Users can trade long or short various assets with up to 10x leverage. Due to the non-custodial nature of the exchange, traders retain ownership of the assets and can execute trades directly from their wallets. vAMM (Virtual Automated Market Maker) provides predictable prices through a constant product curve to provide in-chain liquidity. The virtual Automated Market Maker (vAMM) is designed to be market neutral and fully collateralized. v2 is integrated with Uniswap V3 and liquidity providers can choose the price curve to be used to provide liquidity. The exchange aims to be the safest, easiest to use and most decentralized derivatives trading platform and to fulfill the spirit of "DeFi Money Lego". To achieve this, the exchange has launched a pledge pool that extends across multiple blockchains, and introduced limit and stop orders. It also plans to introduce leveraged tokens and a dynamic liquidity pool to improve the efficiency of trade execution.

Who are the founders of Perpetual Protocol?

Perpetual Protocol was founded by two Taiwanese cryptocurrency entrepreneurs, Yanwen Feng and Shaogang Li. Prior to that, they had set up accounting firms for crypto startups. The exchange is backed by CMS Holdings, Binance Labs, Alameda Research, and Zee Prime Capital, and closed a $1.8 million seed round of funding in 2020.

When did Perpetual Protocol launch?

Perpetual Protocol launches in September 2020.

Where is Perpetual Protocol located?

The core team of Perpetual Protocol is based in Taiwan.

Countries where Perpetual Protocol is restricted

Perpetual Protocol is restricted to users in the following countries: Taiwan, United Kingdom, Antigua and Barbuda, Algeria, Bangladesh, Bolivia, Belarus, Burundi, Myanmar, Côte d'Ivoire (Ivory Coast), Crimea and Sevastopol, Cuba, Democratic Republic of the Congo, Ecuador, Iran, Iraq, Libya, Mali, Morocco, Magnitsky, Liberia, Nepal, North Korea, Somalia, Sudan, Syria, Venezuela, and Zimbabwe.

List of tokens supported by Perpetual Protocol

Perpetual Protocol supports futures trading of several major cryptocurrencies such as BTC, ETH, ATOM, AVAX, FTM, BNB, and more.

What are the fees for Perpetual Protocol?

The exchange charges a 0.10% pending and order taking fee. The exchange supports liquidity pools for major stablecoins such as DAI, USDC, USDT, FRAX, and TUSD.

Can I trade with leverage or margin on Perpetual Protocol?

Non-custodial trades on this exchange can use up to 10x leverage.