Perpetual Protocol price

in USD
$0.27030
-$0.00850 (-3.05%)
USDUSD
Market cap
$19.69M #271
Circulating supply
72.61M / 150M
All-time high
$25.2430
24h volume
$10.65M
3.5 / 5

About Perpetual Protocol

DeFi
Layer 2
Official website
Github
Block explorer
CertiK
Last audit: Nov 28, 2022, (UTC+8)

Perpetual Protocol’s price performance

3 months
+54.45%
$0.17500
30 days
+17.82%
$0.22940
7 days
-3.92%
$0.28130
Today
-3.05%
$0.27880

Perpetual Protocol on socials

g-van
g-van
man it's a great day to be a perpl and monad fan
1.13K
53
笑苍生.btc
笑苍生.btc
The update has already begun XP estimates are updated weekly. I opened 500 knives 50 times the second on and off the second. If you go in through my link and swipe it Maybe I get 5 percent XP commission. When the time comes, I will send an airdrop back to you You can also skip my link The team has not applied for it at the moment, and I don't know if there are any additional rewards I'm going to brush 1000 knives to get in first.
笑苍生.btc
笑苍生.btc
DEX decentralized exchange airdrops are good every time The good reason is that the threshold is high Many whites are reluctant to brush The second is that it costs money to brush, Thirdly, the issuance of coins is not so clear-cut Today I found two fast TGEs Prepare the contract for swiping 50x leverage, 500 knives to brush It is estimated that each number will consume 1000 knives Both exchanges were brushed off. Let's see if we can have a ranking I just tried the second on, the second off, and the same as ASTER But the points did not increase. I've researched the simplest strategy and sent it out Two platforms: Two: Speculating on contracts is a fool to say it once Just hedging for the sake of scoring In the afternoon, I try to open a long A and B open a short hedge See if the score is added or not.
Show original
9.54K
14
笑苍生.btc
笑苍生.btc
DEX decentralized exchange airdrops are good every time The good reason is that the threshold is high Many whites are reluctant to brush The second is that it costs money to brush, Thirdly, the issuance of coins is not so clear-cut Today I found two fast TGEs Prepare the contract for swiping 50x leverage, 500 knives to brush It is estimated that each number will consume 1000 knives Both exchanges were brushed off. Let's see if we can have a ranking I just tried the second on, the second off, and the same as ASTER But the points did not increase. I've researched the simplest strategy and sent it out Two platforms: Two: Speculating on contracts is a fool to say it once Just hedging for the sake of scoring In the afternoon, I try to open a long A and B open a short hedge See if the score is added or not.
Show original
14.01K
18

Guides

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Perpetual Protocol FAQ

Perpetual Protocol ensures the stability and efficiency of its perpetual contracts through an innovative automated market maker (AMM) system. This system utilizes virtual balances and funding rates to keep the price of perpetual contracts in line with the underlying assets. By dynamically adjusting funding rates based on supply and demand, Perpetual Protocol reduces price discrepancies, ensuring fair and accurate pricing for perpetual contracts and providing users with a stable and efficient trading experience.

Yes, you can provide liquidity to Perpetual Protocol and receive rewards. Adding liquidity to the protocol's liquidity pools enhances the market's depth and liquidity. As a liquidity provider, you will earn a share of the trading fees generated by users of Perpetual Protocol. This incentive encourages users to participate in the liquidity provision, supporting the protocol's efficient operation and rewarding contributors.

Easily buy PERP tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include PERP/USDT. You can also buy PERP with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Additionally, swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for PERP with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into PERP, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

OKX provides a highly secure and multi-chain OKX Web3 Wallet with all OKX accounts. It can safely store PERP or any other cryptocurrency for as long as needed. In addition, the OKX Web3 Wallet features bank-grade security and inbuilt access to hundreds of decentralized applications (DApps) and the OKX NFT Marketplace.

Currently, one Perpetual Protocol is worth $0.27030. For answers and insight into Perpetual Protocol's price action, you're in the right place. Explore the latest Perpetual Protocol charts and trade responsibly with OKX.
Cryptocurrencies, such as Perpetual Protocol, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Perpetual Protocol have been created as well.
Check out our Perpetual Protocol price prediction page to forecast future prices and determine your price targets.

Dive deeper into Perpetual Protocol

Amid the growing popularity of decentralized finance (DeFi) platforms and decentralized exchanges (DEX), Perpetual Protocol has emerged as a notable player with its native token PERP. Perpetual Protocol offers a unique decentralized perpetual contract trading experience, allowing users to trade perpetual contracts.

Powered by its native token, PERP, Perpetual Protocol is designed to serve both seasoned traders and blockchain newcomers, offering them the chance to participate in perpetual contracts for various assets.

What is Perpetual Protocol?

Perpetual Protocol stands as a DeFi initiative driven by code, effectively bypassing the necessity of financial intermediaries. This platform enables the trading of perpetual contracts through its virtualized automated market maker (vAMM). A noteworthy characteristic is its capacity to accommodate diverse assets, granting users considerable versatility in their trading preferences. Setting it apart from other decentralized exchanges (DEXs), Perpetual Protocol is purpose-built for leverage trading, short positions, and maintaining minimal slippage levels.

The Perpetual Protocol team

The Perpetual Protocol team comprises experienced professionals with a wide range of expertise. Yenwen Feng, the co-founder, and CEO, brings his finance and technology background and entrepreneurial drive to lead the team. Shao-Kang Lee, the co-founder and CTO, is a skilled software engineer focused on developing decentralized applications (DApps).

As the head of marketing, Hana Chang leverages her expertise in marketing and communications to promote the protocol. Nicholas Tong, the head of strategy, draws from his experience in finance and strategy to steer the project's direction. Wei-Ting Chen, a staff software engineer, contributes his skills in decentralized application development to the team's efforts.

How does Perpetual Protocol work? 

Perpetual Protocol operates within a dual-layered structure. The initial layer resides on the Ethereum network, housing the PERP token and serving as the governance hub for the protocol. The second layer operates on the xDai Chain, hosting all trading activities. These two layers harmonize through bridges, ensuring efficiency and security in the protocol's operations.

The protocol also harnesses a virtual Automated Market Maker (vAMM). Unlike traditional spot exchanges, this technology is explicitly tailored for price discovery. It's important to note that the vAMM doesn't hold actual crypto assets but utilizes smart contracts. These contracts allow users to engage in long and short positions, functioning as the protocol's clearing house and collateralization vaults.

PERP: Perpetual Protocol’s native token 

PERP is the native token of Perpetual Protocol, serving various essential functions within the ecosystem. As a utility and governance token, it empowers users on the platform. PERP is utilized for staking, paying transaction fees, and participating in governance votes, making it a crucial element in maintaining and managing the protocol's ecosystem.

PERP tokenomics

PERP tokens play a significant role in the Perpetual Protocol ecosystem, serving multiple purposes. They are used for paying trading fees, participating in governance decisions, and securing the network. A total supply of 150 million tokens is distributed through mechanisms such as an initial DEX offering (IDO), liquidity mining, and staking. A portion of the trading fees is burned daily to maintain a deflationary model. These tokenomics are thoughtfully designed to incentivize user engagement, ensuring the long-term sustainability of the Perpetual Protocol network.

How to stake PERP

To stake PERP in the Perpetual Protocol, you must deposit your PERP tokens into the staking pool. By doing so, you become eligible to receive staking rewards, which are derived from a portion of the transaction fees generated on the platform. Staking also allows you to actively participate in the protocol's governance process by voting on various proposals that shape the platform's future.

Additionally, you can explore other options for staking PERP, such as using cryptocurrency exchanges like OKX. On platforms like OKX Earn, you can stake your PERP tokens and earn an estimated one percent annual percentage yield (APY) on flexible terms. With flexible staking, you have the freedom to start earning rewards immediately and the flexibility to unstake your PERP tokens at any time.

PERP use cases

Perpetual Protocol offers a decentralized avenue for trading perpetual contracts spanning diverse asset categories such as cryptocurrencies, commodities, indices, and, soon, traditional assets. These perpetual contracts can be practical hedging tools, reducing risk exposure during market volatility. Central to this ecosystem, the PERP token carries its own practical applications. It can cover transaction fees within the DEX platform, streamlining user interactions. Moreover, PERP token holders are empowered to actively engage in governance matters by participating in crucial decisions that shape the trajectory of the Perpetual Protocol.

Distribution of PERP

PERP tokens are distributed as follows:

  • Twenty percent were sold in an initial DEX offering (IDO) in December 2020.
  • Fifty percent were distributed through liquidity mining campaigns in 2021.
  • Thirty percent will be gradually distributed to stakers over time.

Perpetual Protocol: The road ahead

Perpetual Protocol has an ambitious roadmap ahead. The team is focused on expanding its product offering by introducing new types of perpetual contracts, covering a wider range of assets, and incorporating innovative trading mechanisms. They are also determined to enhance the overall user experience by improving the protocol's scalability, security, and user interface. Additionally, Perpetual Protocol aims to forge strategic partnerships and collaborations with other prominent DeFi projects to drive adoption and increase liquidity on the platform.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$19.69M #271
Circulating supply
72.61M / 150M
All-time high
$25.2430
24h volume
$10.65M
3.5 / 5
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