What is Perpetual Protocol?

Perpetual Protocol is a decentralized protocol for perpetual contracts and derivatives trading. It enables traders to access the same liquidity pool as traditional exchanges, but with the added benefits of trustlessness, transparency, and permissionless access. The protocol is built on Ethereum and uses its own native token, PERP, to facilitate transactions. Perpetual Protocol allows users to trade perpetual contracts with up to 100x leverage without expiry date or settlement risk. It also provides an open-source platform for developers to create their own decentralized finance (DeFi) applications.

The protocol was designed by a team of experienced blockchain engineers and financial professionals who have worked in both traditional finance and crypto markets. The team has developed a set of smart contracts that are used to manage the order book, execute trades, settle positions, and provide liquidity incentives for market makers. All transactions are secured by Ethereum’s blockchain technology.

Perpetual Protocol offers several advantages over traditional exchanges such as lower fees, faster settlements, no counterparty risk, and more secure trading environment. Additionally, it provides users with access to a wide range of assets including cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), EOS (EOS), Binance Coin (BNB) and many more.

The platform also supports margin trading which allows traders to borrow funds from other users in order to increase their buying power. This feature can be used for both hedging purposes or speculative investments.

Overall, Perpetual Protocol provides an innovative solution for digital asset trading that combines the best features of centralized exchanges with the security of decentralized protocols.