Perpetual Protocol
Name
Perpetual Protocol
Summary
The Perpetual Protocol is a decentralized perpetual contracts protocol for all assets that is enabled by a virtual Automated Market Maker (vAMM).
It was founded by Yenfen Weng and Shao-Kang Lee
It was built on the ethereum platform
Rating
Symbol
PERP
Overview
Perpetual System is a decentralized protocol that uses a Virtual Automated Market Maker to exchange perpetual contracts for any asset (vAMM). By democratizing Futures and other crypto-asset derivatives, the initiative hopes to establish new financial instruments.
Perpetual Protocol makes use of a virtually automated market maker (vAMM) to provide on-chain liquidity and predictable pricing based on consistent product curves. Perpetual Protocol's vAMMs are also designed to be market-neutral and fully collateralized.
Historical Price Movement (in INR)
Technology
The network runs on xDai, and the PERP currency is an Ethereum ERC-20 token.
It is an ERC-20 token that is secured by a proof-of-work consensus method that compels miners to mine additional Ether. The Ethereum blockchain is secured and validated via a network of decentralized nodes.
Perpetual Protocol employs Chainlink as an oracle for funding rate computations, but it lacks an on-chain oracle as a pricing engine, preventing the use of flash loans to manipulate the price of underlying assets while profiting from Perpetual in the same transaction.
Use of Native tokens in the ecosystem: The protocol's native ERC-20 coin is PERP. Community members can use PERP tokens to administer the protocol and stake their tokens in the Staking Pool for a set period of time. In exchange, holders receive a staking incentive, which includes PERP payouts and transaction fees.
Balancer Liquidity Bootstrapping Pool
7.5%
Seed investors
4.2%
Strategic investors
15%
Team & advisors
21%
Ecosystem & rewards
54.8%
Volume (26th April 2022)
$28,874,436
Total Supply
150000000
Circulating supply
74,475,000.00 PERP
Crowd Sales
Perpetual Protocol has raised a total of $1.8M in funding over 1 round.
Funding
25/08/2020: Seed Round- $1.8M
Country
China
Name of Organization
Perpetual Protocol
Year Incorporated
2019
Registered Address
NA
Dispute Resolution and Governing Law
China
Country Risk Assessment
A2
Founding Team
| Name | Designation | Education | Experience |
| Yenwen Feng | Co-Founder | National Chiao Tung University: Master of Science - MS, Computer ScienceNational Chiao Tung University: Bachelor of Science - BS, Electrical and Control Engineering | 17 Yrs |
| Shao-Kang Lee | Co-Founder | National Central University: Master of Science, Software EngineeringYuan-Ze University: bachelor, Information Management | 13 Yrs |
