Perpetual Protocol
Crypto Overview
Overview
Perpetual Protocol is a decentralized perpetual futures exchange built on Ethereum and Optimism Layer 2. The protocol allows users to trade perpetual contracts with up to 10x leverage.
Intended Utility
The PERP token serves as the protocol's governance token, allowing holders to participate in the decision-making process of the protocol. It also captures value from trading fees generated on the platform.
Business Model Analysis
The protocol generates revenue through trading fees from perpetual futures trading. The core business model revolves around providing decentralized derivatives trading infrastructure.
Actual Utility Assessment
The protocol has demonstrated real utility with significant trading volume and active governance participation. The platform has processed billions in trading volume since launch. Development activity remains strong with regular updates and improvements to the protocol.
Token Distribution and Governance
Initial token distribution included allocations to team, investors, and community. Team tokens have vesting schedules. The protocol has moved to a fully decentralized governance model where PERP token holders can propose and vote on changes.
Technical Implementation
The protocol operates on Ethereum and Optimism, utilizing smart contracts for trade execution and settlement. The platform implements virtual automated market maker (vAMM) technology for price discovery.
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”.
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