Perpetual Protocol PERP Price $ 0.645

Perpetual Protocol DEX

• The core of Perpetual Protocol is the decentralized exchange (DEX), based on Ethereum and xDai. 

What can you do on the Perpetual Protocol DEX?

• Go long or short on a growing number of assets
• Trade with up to 10x leverage.
• Trade with low gas fees thanks to xDai.
• All trading is 100% on-chain.
• Trading is 100% non-custodial

Use Cases

Governance

• Once PERP token holders have staked their tokens, they can then use their staked PERP tokens to vote on or propose new ideas that can be used to improve Perpetual Protocol. Before the on-chain governance voting platform is ready for PERP token holders, core protocol contributors will guide critical decisions. We believe it’s important to keep governance nimble in the early days of the Perpetual Protocol.

Staking

• PERP holders can lock-up, or “stake,” their PERP for a fixed amount of time in the Staking Pool. In return, stakers receive rewards.

Exchange backstop

• In extreme cases, the exchange insurance fund may be depleted. In such an event, PERP tokens may be sold at market in order to make up for any shortfall.