Perpetual Protocol (PERP) Research Project Report

• Perpetual Protocol is a decentralized perpetual contracts protocol for every asset, made possible by a virtual Automated Market Maker (vAMM). On Perpetual Protocol, traders can trade perpetual contracts with vAMMs without the need for counterparties.

• With the power of vAMMs, if an asset has a price feed on-chain — no matter if it is from Chainlink, Uniswap, or other oracles — Perpetual Protocol can create a perpetual market for it.

• In the future, anyone can create new perpetual markets on the platform and get a cut on the transaction fees, akin to the liquidity providers on Uniswap.

• PERP is the native utility token of the platform and is used for the following purposes:

  • Governance: Token holders can use their tokens to vote on the next token being listed on the platform or influence the protocol’s direction.
  • Staking: Token holders can stake their tokens on the protocol and receive staking rewards and a portion of the transaction fees. The stakers provide backstops for each virtual market.

• The vAMMs provide guaranteed on-chain liquidity for perpetual contracts trading with predictable pricing by constant product curves. The vAMMs are also designed to be market neutral and fully collateralized. Perpetual Protocol currently supports 9 pairs - AAVE, BTC, COMP, DOT, ETH, SUSHI, SNX, LINK, and YFI perpetual markets. A new pair is listed around once per week.

• The project raised ~10.65MM USD from the following sale rounds:

  • Private sale round: 15.00% of the total token supply sold at 0.08 USD / PERP.
  • Public sale round: 3.60% of the total token supply sold via Balancer's Liquidity Bootstrapping Pool (LBP).
  • Please click here for more details on the token distribution.

• As of March 19th, 2021, the total supply of PERP is 150,000,000, and the current circulating supply is ~19.07%.

Teknikal Analisis : tradingview