Perpetual Protocol (PERP)

Perpetual Protocol (PERP)

Rank #195

$1.56

20.46%

0.000077 BTC

PERP
USD

MARKET CAP

$119.229M

ALL TIME HIGH

$24.84

VOLUME 24H

$31.582M

CIRC. SUPPLY

76.475M

VOL/MCAP

26.00%

TOTAL SUPPLY

150M

DILUTED MCAP

$233.859M

MAX SUPPLY

--

1H USD

24.34%

24H USD

20.46%

7D USD

7.77%

30D USD

0%

60D USD

0%

90D USD

0%

Tag:

decentralized-exchangedefiderivativesscalingView all

Perpetual Protocol Price Chart

24h Change

20.46 %

Perpetual Protocol - PERP Profiles

Overview & History

Perpetual protocol is a decentralized protocol to trade perpetual contracts for every asset powered by a Virtual Automated Market Maker (vAMM). The project aims to create novel financial instruments by democratizing Futures and other crypto-asset derivatives.

History

Perpetual protocol, formerly known as Strike, was created in 2019 inspired by emerging DeFi protocols such as Synthetix and Uniswap. The team sought to combine the merits of these protocols to create a decentralized perpetual contract trading protocol on Ethereum. The protocol is capable of supporting 20x leverage, short positions, and lower slippage compared to other AMMs thanks to its virtual AMM (vAMM) design.

Unlike well known Automated Market Makers used for both token swaps and price discovery, the vAMM is solely used for price discovery to handle leverage and short positions. Similar to Uniswap, traders can trade with the vAMM without central authorities and is designed to be market neutral and fully collateralized.

PERP is the protocol’s ERC-20 native token. PERP tokens allow community members to govern the protocol and stake their tokens for a fixed amount of time to the Staking Pool. In return, holders are rewarded with the staking incentive, which includes rewards in PERP and transaction fees.

Roadmap

Initial token distribution via Balance Liquidity Boostrapping Pool
Date: September 2020

Perpetual Protocol distributed 7.5 million PERP via a Balancer Liquidity Bootstrapping Pool

 

People

We found 2 people related to perp-perpetual-protocol, include Yenwen Feng

Organizations

We found 1 organizations related to Perpetual Protocol has Perpetual Protocol

Perpetual Protocol

Perpetual Protocol

2017
San Francisco, California, United States
About

Perpetual Protocol is a decentralized perpetual contract trading protocol for every asset.

Highlight

Funding Rounds:

1

Total Funding Amount:

$ 1.8M

Individuals Investors:

0

Organizations Investors:

6

Funding Rounds

Perpetual Protocol has raised a total of $1.8M in funding over 1 rounds. Their latest funding was raised on August 25, 2020 from a Seed Round - Perpetual Protocol round.

Announced Date
Transaction Name
Number of Investors
Money Raised
Lead Investors
August 25, 2020
Seed Round - Perpetual Protocol
12
$1.8M
Multicoin Capital
Investors
Perpetual Protocol Price Live Data

PERP Price

$1.56

Trading Volume

$31.58 M

All Time High

$24.84

1hour Change

24.34%

24hours Change

20.46%

24hours Range

20.46%

24hours Low

$6.44

24hours High

$6.69

Liquidity ±2%

$22,897.50 B

Bids -2%

$2.29 M

Asks +2%

$1.61 M

Market Cap

$119.23 M

Fully Diluted Market Cap

233.86 M

Circulating Supply

76.47 M

Total Supply

150.00 M

Max Supply

0.00

Perpetual Protocol Markets

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