Perpetual Protocol - A new way to trade crypto
Perpetual Protocol is bringing TradFi to DeFi
Concise Crypto
May 30, 2022
Perpetual Protocol (PERP)
What is Perpetual Protocol?
Perpetual Protocol is an innovative DeFi protocol that allows users to trade with perpetual contracts. This is a type of derivative similar to a futures contract. The difference is that, in this case, the contract doesn’t expire on a specific date.
Why does Perpetual Protocol have value?
Perpetual Protocol exposes crypto users to a new type of derivative market that wasn’t previously available in any other DeFi platform. Users can also stake PERP tokens for rewards.
What are the Pros of Perpetual Protocol?
● PERP tokens can be staked for profit.
● Its innovative approach can attract a lot of traders from traditional finance.
● Fees are lower than on other DeFi protocols on Ethereum.
What are the Cons of Perpetual Protocol?
● Meant for use by well-trained traders.
● The development is centralized.
What are PERP’s tokenomics?
The total supply of PERP is 150 million. 6.25 million were distributed in a seed round, and 22.5 million were sold in a later private round.
Who founded Perpetual Protocol?
Yenwen Feng and Shao Kang.
Who are Perpetual Protocol’s investors?
Perpetual Protocol has conducted two funding rounds. The main investors are Calvin Liu, George Lambeth, Andrew Kang, Alexander Pack, Regan Bozman, Binance, Three Arrows Capital, Multicoin Capital, Alameda Research, and CMS Holdings.
Concise Crypto Grade:
A- :Perpetual Protocol is another way to invest and have fun in the crypto market. Instead of simply investing in a crypto project long-term. You have the ability to bet on the future price of a certain asset over time. Perpetual Protocol is different than futures in that the strike price doesn’t expire on a set date. So with PERP you have the option to make bets and hold that bet as long as you want.
Where can I buy PERP?
Binance, Coinbase Exchange, FTX, Kraken, KuCoin, Huobi Global.
What ecosystem does Perpetual Protocol run on?
Ethereum