0.000026 BTC
$50.758M
$24.84
$14.362M
94.699M
28.00%
150M
$80.399M
10.97%
19.26%
37.94%
24.24%
15.12%
0%
19.26 %
Perpetual Protocol is a protocol that allows the issuance of perpetual futures contracts of any asset. The goal of Perpetual Protocol is to decentralize futures contracts, allowing anyone, anywhere, anytime to access and use the platform for trading without going through the process of trading. 3rd part.
When you trade on centralized exchanges (CEX), you will connect the market through an intermediary (exchange), your money will be managed by the exchange (custodial) whether you want or not. Because of such a centralized model, CEX exchanges are often the top target for hackers to attack.
Even the Top CEXs in the industry have been hacked, so I don't think the problem is "was this exchange hacked or not?" but "when?".
In addition to security issues, the CEX floor also has problems related to user fraud, traders on Bitmex who have been killed by unreasonable candlesticks will understand better what they are talking about.
The Perpetual Protocol was created to solve most of the above problems:
To solve this problem, Perpetual Protocol not only needs a platform that works, but it also has to be simple, easy to use and friendly to new users.
The core of the Perpetual Protocol is the project's protocol, which consists of two main parts:
I will explain each part for you to understand easily:
If CEX centralized exchanges use Order Book to connect buyers (Buyer) and sellers (Seller) with each other, on DEX decentralized exchange , the two parties are connected on-chain (On-chain). by Liquidity Pools. Liquidity Pool allows users to Swap Token in a decentralized and unmanaged 3rd party, this technology is called AMM (Automated Market Maker).
While this is a pretty good idea, AMMs are primarily for token swaps and are not applicable to perpetual futures contracts.
So Perpetual Protocol created the Virtual Automated Market Maker (Virtual AMM): It basically uses the same x * y = k formula as Uniswap, with some key features as follows:
Read more: CLICK HERE
We found 4 people related to perp-perpetual-protocol, include Co-Founder at Perpetual Protocol Shao-Kang Lee
We found 8 organizations related to Perpetual Protocol has Perpetual Protocol, Mechanism Capital, Divergence Ventures , Multicoin Capital, Binance Labs, Zee Prime Capital, Alameda Research, Three Arrows Capital
PERP Price
$0.535994
Trading Volume
$14.36 M
All Time High
$24.84
1hour Change
10.97%
24hours Change
19.26%
24hours Range
19.26%
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
$50.76 M
Fully Diluted Market Cap
80.40 M
Circulating Supply
94.70 M
Total Supply
150.00 M
Max Supply
0.00
But our scientists are working like crazy to get it.
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