Perpetual Protocol

Halal Rating :
Uncomfortable
Contract: 0xbc396689893d065f41bc2c6ecbee5e0085233447
Last Price $0.28 Last updated:
Rank 842
1D Change -6.35 %
Market Cap $18.4m
Circulating supply 66,002,157
Maximum supply None
Crypto Overview Rating Justification Member Vote Comments

Crypto Overview

Categories
  • Decentralized Exchange (DEX) Token
  • DeFi
  • Derivatives
  • Scaling
  • Ethereum Ecosystem
  • AMM
  • Three Arrows Capital Portfolio
  • Solana Ecosystem
  • CMS Holdings Portfolio
  • Alameda Research Portfolio
  • Multicoin Capital Portfolio
  • Arbitrum Ecosystem
  • Optimism Ecosystem

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.

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