Everything about PERP (Perpetual Protocol) cryptocurrency :
Perpetual Protocol
Perpetual Protocol is a decentralized exchange (DEX) for futures on Ethereum and xDai.
1. Project introduction
Perpetual Protocol is a decentralized exchange (DEX) for futures on Ethereum and xDai. Perpetual Protocol seeks to create a perpetual contracts trading protocol that anyone can use. Users will be able to trade with good liquidity and low slippage thanks to the innovative vAMM-based exchange. It use a scaling technology called xDai to increase the speed of trades compared to other Ethereum-based exchanges, as well as to offer zero gas fees on all trades.
Trades on Perpetual Protocol settle in USDC, so all collateral used on the exchange is in USDC.
Perpetual Protocol uses a streamlined system to allow traders to gain the benefits of xDai scaling without having to set up users' own wallet. Simply use their existing wallet to 'deposit' USDC via our trading interface, and users are ready to trade. The funds are controlled by the user's Metamask wallet or other compatible wallets at all times during the trading process. Stakers on Perpetual Protocol enjoy zero impermanent loss risk while earning fees and rewards on their staked PERP tokens. This is because staked PERP tokens are not stored in the vAMM or used for liquidity — they are safely stored in the smart contract vault and not a liquidity pool, and are therefore not exposed to impermanent loss.
2. Team introduction
Co-Founder: Shao-Kang Lee
Linkedin: https://www.linkedin.com/in/shaokanglee/
Co-Founder: Yenwen Feng
Linkedin: https://www.linkedin.com/in/tempofeng/
3. Investment institution
Alameda Research, Binance Labs, CMS Holdings, Divergence Ventures, Mechanism Labs, Multicoin Capital, Three Arrow Capital, Zee Prime Capital
4. Application and distribution
Total supply: 150,000,000
Token application:
PERP is a utility token designed to facilitate and incentivize the decentralized governance of the protocol.
Token distribution:
Seed investors: 4.29%
Balancer LBP: 5.0%
Strategic investors: 15.0%
Ecosystem & rewards: 54.8%
Team & Advisors: 21.0%
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