Perpetual Protocol
Crypto Overview
Project Overview
Perpetual Protocol is a decentralized exchange (DEX) that allows users to trade perpetual contracts on various cryptocurrency pairs. It aims to provide a decentralized alternative to centralized perpetual futures trading platforms.
Purpose and Utility
The PERP token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and upgrades. Token holders can also stake PERP to earn a share of the protocol's trading fees.
Business Model Analysis
The protocol generates revenue through trading fees from perpetual futures contracts. These contracts are derivative instruments that allow traders to speculate on cryptocurrency price movements with leverage.
Platform Development and Adoption
The protocol has undergone significant development, with the launch of v2 (Curie) introducing improvements to its infrastructure. It maintains active development on GitHub and has established partnerships within the DeFi ecosystem.
Key Concerns
The primary utility of Perpetual Protocol centers around leveraged trading and speculation through perpetual futures contracts. These contracts function as zero-sum derivative instruments where one trader's gain is another's loss, without actual asset ownership transfer.
Crypto Impact
To assign a comfort level investing in Perpetual Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Perpetual Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
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