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perpetual protocol  (PERP)

Perpetual Protocol (PERP)

$5.15 8.2%
0.00015750 BTC 7.6%
0.00267750 ETH 9.5%
12,189 people like this
Market Cap
$139,935,045
24 Hour Trading Vol
$39,488,659
24h Low / 24h High
$3.69 / $5.46
Circulating Supply
27,177,696 / 150,000,000
Fully Diluted Valuation
$772,333,930
Max Supply
150,000,000
Total Value Locked (TVL)
$9,715,606
Market Cap / TVL Ratio
14.4
Fully Diluted Valuation / TVL Ratio
79.49

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61% 39%
1h
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Perpetual Protocol Price and Market Stats

Perpetual Protocol Price
PERP Price $5.14
Market Cap $139,091,614
Market Cap Dominance 0.01%
Trading Volume $39,161,384
Volume / Market Cap 0.2799
24h Low / 24h High $3.69 / $5.46
7d Low / 7d High $4.49 / $8.44
Market Cap Rank #204
All-Time High $16.14 -68.2%
Mar 19, 2021 (3 months)
All-Time Low $0.669544 665.8%
Nov 19, 2020 (7 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 PERP/USDT
$5.16
5.138 USDT
0.21% $38,299 $59,236
$12,794,377
2480275.718 PERP
32.45% Recently
2 PERP/ETH 0xbc396689893d065f41bc2c6ecbee5e0085233447
$5.19
0.0027013678436351 ETH
0.6% $117,011 $116,660
$3,463,529
667875.995 0XBC3
8.77% Recently
3 PERP/USDT
$5.11
5.088 USDT
0.73% $67,712 $128,224
$224,940
44050.888 PERP
0.57% Recently
4 PERP/USDT
$5.11
5.092 USDT
0.41% $98,073 $57,639
$215,986
42262.750 PERP
0.55% Recently
5 PERP/ETH Info 0xbc396689893d065f41bc2c6ecbee5e0085233447
$5.15
0.002695027921567 ETH
0.6% $63,296 $63,106
$2,748,744
533923.737 0XBC3
6.98% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

Perpetual Protocol Coin Price & Market Data

Perpetual Protocol price today is $5.15 with a 24-hour trading volume of $39,488,659. PERP price is up 8.2% in the last 24 hours. It has a circulating supply of 27 Million PERP coins and a max supply of 150 Million. If you are looking to buy or sell Perpetual Protocol, Binance is currently the most active exchange.

 

What is Perpetual Protocol?

Perpetual Protocol is a decentralized protocol that offers perpetual contract trading on every asset. Users can choose to open long or short positions on a variety of asset classes such as cryptocurrencies, commodities, and fiat currencies with up to 10x leverage.

perpetual protocol home page

What is the PERP token?

The PERP token is the platform’s governance token which can be used for several different functions such as:

  1. Governance - Token holders can vote on the direction of the protocol’s future by modifying key features or further expanding utility for the platform’s native token. Voting power is determined by the user’s total holdings.

  2. Staking - PERP tokens can be staked for a 7-day epoch to earn even more PERP and USDC from the protocol’s transaction fees. Funds cannot be withdrawn until the epoch has ended. USDC rewards are immediately claimable while PERP rewards are locked for up to half a year.

How does Perpetual Protocol work?

To create a decentralized platform for opening leveraged positions, Perpetual Protocol relies on virtual automated market makers, or vAMMs. Functioning in a similar fashion as the Uniswap and Balancer’s AMMs, traders can execute transactions directly through the vAMMs without the need for counterparties. 

The main difference, however, lies in the ’virtual’ part. In conventional AMMs, assets are stored within the smart contract and the exchange price for each asset is dictated through a specific mathematical function such as constant product or constant sum curves. On the other hand, vAMMs in Perpetual Protocol do not store any asset whatsoever. Instead, the real assets are stored in a smart contract vault, which manages the collateral backing the vAMM, which is denominated in USDC. Each perpetual contract will have their own specific vAMM, but all of them are protected under the protocol’s insurance fund.

Perpetual Protocol is able to offer increased trading speed and zero gas trades with the use of the xDai chain. With the innovation of vAMM, users will have access to high liquidity and low slippage for their trading needs.

As with all forms of perpetual contract trading, funding rates and liquidation ratios are a key aspect of Perpetual Protocol. Funding rates are settled on an hourly basis while liquidation ratios are set at 6.25% of your posted margin. This means that traders with effective leverage of 16x will face the risk of their positions being liquidated by keeper bots. Keeper bots will earn 20% of the liquidated margin, while the remainder will be sent to the insurance fund.

Currently, Perpetual Protocol supports USDC trading pairs for BTC and ETH as well as a variety of DeFi tokens such as Aave, Chainlink and Sushi

perpetual protocol exchange

How do I get PERP tokens?

You can obtain PERP tokens by purchasing them from cryptocurrency exchanges such as FTX or Uniswap

Previously, PERP protocol has implemented transaction mining, where users were given rebates on trading fees in the form of PERP tokens. Depending on the duration of the open position, users can earn from 17% up to 110% of the transaction fees spent. However, the rewards program has since been discontinued.

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