| General information | |
|---|---|
| Global rank: | 590 |
| Name: |
Perpetual Protocol |
| Symbol: | PERP |
| Current coin price (TRY): | 28.77 ₤ |
| Last hour: | arrow_upward1.36 % |
| Last 24 hours: | arrow_downward-5.04 % |
| Last 7 days: | -0.420 %trending_down |
| Capitalisation (TRY): | 1 899 120 285.96 ₤ |
| Volume 24h (TRY): | 260 180 617.47 ₤ |
| Available supply: | 66 002 157.00 PERP |
| Total coin supply: | -1 PERP |
| Start date: | 2020-09-05 |
Perpetual Protocol/Turkish Lira (PERP/TRY) price chart
Perpetual Protocol/Turkish Lira (PERP/TRY) capitalisation and volume charts
Perpetual Protocol is a groundbreaking decentralized finance (DeFi) platform that offers users the ability to trade derivative contracts without relying on financial intermediaries. Central to the platform's mechanics is the utilization of a virtual automated market maker (vAMM) and a collateralization vault, enabling users to engage with complex financial instruments, notably perpetual contracts. Unlike futures contracts, these perpetual contracts have no set expiry date, offering traders a unique avenue for speculation and hedging.
Perpetual Protocol is the brainchild of Yenwen Feng and Shao-Kang. Both hail from Taiwan and have combined their expertise to craft a platform poised to redefine the DeFi landscape.
$PERP, the native token of the Perpetual Protocol ecosystem, holds multifaceted roles, instrumental in shaping the platform's operations:
Staking: By staking $PERP, users not only secure the marketplace but also earn rewards, promoting a healthy and active ecosystem.
Governance: Token holders wield the power of governance, using their $PERP holdings to guide the platform's future directions and decisions.
Insurance: An integral part of $PERP's functionality that wasn't originally emphasized, the token also finds application in insurance-related tasks within the ecosystem, bolstering the platform's risk management strategies.
It's noteworthy to mention that, while $PERP offers a plethora of utilities, transaction fees on the Perpetual Protocol are settled in USDC, not in $PERP.