Perpetual

What is PERP and how Does It Work?

Perpetual Protocol (PERP) is a system on Ethereum that facilitates the trading of perpetual contracts. Initiated by developers and crypto enthusiasts, the platform primarily employs PERP, its native utility token. It begins with a virtual automated market maker (vAMM) system, and through this, ample liquidity is provided for reciprocating perpetual contracts. These specific types of derivative contracts give you the means to estimate the price of an underlying asset without acquiring it. Offering a comprehensive range of perpetual contracts to trade, including contracts for token assets like Bitcoin and Ethereum, the platform also includes both long and short positions for opportunity. As a trader, leverage is provided to bolster trading positions. Additionally, the PERP token can be used within the Perpetual Protocol ecosystem in various ways. Being a PERP token holder, there is an option to stake them and partake in the rewards generated on the platform. Moreover, participation in the protocol's governance can be achieved through voting on proposals and decision-making procedures. Regular updates and enhancements to the platform are revealed on the team’s blog. A broadening user base has been observed since the platform's inception. The protocol's alliance with other platforms in the decentralized finance space has promoted interoperability, essentially leading to an expanded user base.

The Vision and Mission Behind PERP

PERP is developed for comprehensive derivatives trading, promoting inclusivity in its protocol. The token operates on the xDAI layer-2 solution, which supports scalability. The unique features of PERP include a Virtual Automated Market Maker (vAMM) and a pricing path reflecting traders' behavior attributes, thereby improving the provision of assets. The Delta One Asset (DOA) mechanism of PERP handles impermanent loss and fosters trading environments with minimized slippage and improved capital efficiency. The asset provision occurs through a decentralized backend infrastructure and a combined asset pool which caters to all markets, thereby potentially enhancing your experience as a trader.

How to Buy and Store PERP?

To purchase PERP, Flooz.xyz offers a streamlined process that makes buying this token a breeze. Flooz.xyz is a one-stop solution, providing a smooth checkout experience without the need to own a wallet. All payment methods are supported, so you can buy PERP with ease. But that's not all. Using Flooz self-custodial web wallet, you can seamlessly store, send, and receive PERP tokens. Creating a self-custodial wallet on Flooz is quick and easy, using your email, Google, or Apple ID. This ensures that you have access to your funds at all times, thanks to the power of cryptography. What sets Flooz.xyz apart is its aggregation of more than 50+ providers, ensuring you the fastest and cheapest payment routes for your PERP trades. No more searching for the best deals – Flooz.xyz has got you covered. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. So why wait? Head over to Flooz.xyz and start buying PERP today!

PERP Metrics:

• Current price: $0.7394

• Market cap: $53.69 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $126.3 k