Perpetual Protocol
Monthly Returns heatmap
Heatmap summary
Perpetual Protocol posted 19 positive months out of 57. The longest positive streak lasted 2 months, while the longest negative streak lasted 6 months.
- Strongest month
- Jan 2023 +93.8%
- Weakest month
- May 2022 -55.3%
- Longest positive streak
- 2 Jul 2021 — Aug 2021
- Longest negative streak
- 6 Mar 2023 — Aug 2023
- Luckiest calendar month
- Jul • avg 20.5% • 5 mo.
- Unluckiest calendar month
- Jun • avg -20.3% • 5 mo.
Networks
Supported exchanges
About the coin
Perpetual Protocol is a decentralized perpetual futures protocol that allows users to trade perpetual futures contracts with leverage on the blockchain. It aims to provide a platform for open and transparent trading of synthetic assets.
The protocol operates on a virtual AMM (vAMM) model, which enables the creation of synthetic assets without the need for underlying collateralization. This approach allows for a more capital-efficient and flexible trading environment.
Perpetual Protocol focuses on enabling leveraged trading of various assets, including cryptocurrencies, commodities, and other financial instruments, through its synthetic nature.
The native token of the Perpetual Protocol ecosystem is PERP. This token plays a crucial role in the governance and economic model of the protocol.
PERP token holders can participate in the governance of the Perpetual Protocol. This includes voting on proposals related to protocol upgrades, parameter changes, and the allocation of community funds.
The token also serves as a staking mechanism. Users can stake PERP tokens to secure the network and earn rewards. Stakers are essential for the operational integrity and security of the protocol.
Perpetual Protocol supports trading on multiple blockchain networks. Currently, it has tokens available on the Ethereum blockchain and the BNB Smart Chain.
On the Ethereum network, the PERP token is an ERC-20 standard token with the contract address 0xbc396689893d065f41bc2c6ecbee5e0085233447. It has 18 decimal places.
On the BNB Smart Chain, the PERP token is a BEP-20 standard token with the contract address 0x4e7f408be2d4e9d60f49a64b89bb619c84c7c6f5. It also features 18 decimal places.
The inclusion of multiple chains enhances accessibility and allows users to trade on networks that best suit their needs and preferences regarding transaction fees and speed.
Perpetual Protocol's design emphasizes decentralization, aiming to reduce reliance on intermediaries and provide a more open financial system.
The vAMM mechanism is a key innovation, allowing for the creation of synthetic perpetual contracts without requiring direct ownership of the underlying asset. This means users can gain exposure to asset price movements without holding the actual asset.
Leverage is a core feature, enabling traders to magnify their potential gains (and losses) by trading with more capital than they directly deposit.
The protocol is designed to be a foundational layer for decentralized finance (DeFi), offering sophisticated financial products in a transparent and accessible manner.
In summary, Perpetual Protocol provides a decentralized platform for perpetual futures trading, supported by the PERP governance and staking token, and available on major blockchain networks like Ethereum and BNB Smart Chain.
Trust & methodology
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