Perpetual Protocol

Overview

Abridged illustration of how Perpetual Protocol works

Perpetual Protocol is a decentralized perpetual contract protocol for every asset, made possible by a Virtual Automated Market Maker (vAMM).

Like Uniswap, traders can trade with our vAMMs directly without the need for counterparties. The vAMMs provide guaranteed on-chain liquidity with predictable pricing set by constant product curves. The vAMMs are also designed to be market neutral and fully collateralized.

PERP holders can become stakers by staking the PERP tokens in their possession to a Staking Pool. In return, stakers are rewarded with a portion of the transaction fees in stable coins plus the staking rewards in PERP.

What are Virtual AMMs (vAMMs)?

Contrary to the applications that utilize automated market makers (AMMs) for both token swaps and price discovery such as Uniswap and Balancer, Perpetual Protocol uses the constant-product curve in our AMMs solely for price discovery so that we can handle leverage and shorts.

Due to this difference, we call our AMMs "Virtual AMMs". Please see How it Works to learn more.

Key Features

  • 20x Leveraged Perpetual Contacts

    Traders can trade any asset with up to 20x leveraged long or short, have transparent fees, and 24/7 guaranteed liquidity.

  • Go Long or Short on Any Asset

    Any asset can have a perpetual contract on Perpetual Protocol, whether it's gold, fiat, BTC, BCH, ETH, ERC-20s, XRP, EOS, LTC, ZEC, XMR, and more - Perpetual Protocol has unlimited potential.

  • Lower Slippage than Other AMMs Traders on constant product (x*y=k) market makers like Uniswap suffer from higher slippages than centralized exchanges because k is capped by liquidity provided. Perpetual Protocol’s Virtual AMM can have k set algorithmically to provide lower slippage to traders.

Resources