Great Day Trader Exchange for BTC/USDC
The Perpetual Protocol is one of the best day-trading exchange we discovered.
What Makes Perpetual Protocol Special?
20x Leverage On-Chain Perpetual Contract
Traders can trade with up to 20x leverage long or short, enjoy transparent fees, and 24/7 guaranteed liquidity.
Go Long or Short on Any Asset
Virtually any asset can be supported via a perpetual contract on Perpetual Protocol. Whether it’s gold, fiat, BTC, BCH, ETH, ERC-20s, XRP, EOS, LTC, ZEC, XMR, or something else, Perpetual Protocol can support it all.
Lower Slippage than Other AMMs
Traders on constant product (x*y=k) market makers like Uniswap suffer from higher slippages than traders on centralized exchanges (CEXs) because k is capped by the liquidity provided. Perpetual Protocol’s Virtual AMMs can set k algorithmically to provide lower slippage to traders.
→ Mainnet app is here
How does Perpetual Protocol Work?
Perpetual Protocol is composed of two parts: Uniswap-inspired Virtual AMMs backed by fully collateralized vaults and a built-in Staking Pool that provide a backstop for each virtual market.
Traders
Similar to trading on Uniswap, traders can trade with Virtual AMMs directly without counter-parties. Virtual AMMs provide guaranteed on-chain liquidity with predictable pricing set by constant product formula.
Stakers
PERP holders can stake PERPs to Staking Pool and Perpetual Protocol’s Insurance Fund is guaranteed by PERP stakers. PERP stakers collect transaction fees, and in exchange for that must backstop for the system.
→ Learn more about How it works
What is the Utility of PERP Tokens?
PERP Tokens
PERP is Perpetual Protocol's ERC-20 native protocol token.
Staking
PERP holders can stake PERPs to help provide a backstop for the protocol. In return, stakers are rewarded with part of the transaction fees plus staking rewards.
Governance
Once the ecosystem is matured and there is broader token distribution, Perpetual Protocol will gradually transit to community governance and let the community decide the future development of the protocol.
→ Learn more about PERP