### What is Perpetual Protocol?

Perpetual Protocol is a decentralised finance (DeFi) platform that allows users to trade cryptocurrencies with leverage via perpetual futures contracts on the Ethereum blockchain.

### How does Perpetual Protocol work?

Perpetual Protocol uses an automated market maker (AMM) to provide liquidity and execute trades. It allows users to go long or short on various assets with leverage by utilising a virtual automated market maker (vAMM) to facilitate trades, enabling leverage and short positions.

### What are the potential use cases for Perpetual Protocol?

Potential use cases for Perpetual Protocol include trading perpetual swaps, hedging against price fluctuations, providing liquidity to the platform, and engaging in yield farming, primarily in the decentralised finance (DeFi) sector.

### What is the history of Perpetual Protocol?

Perpetual Protocol was co-founded by Yenwen Feng and Shao-Kang Lee in 2020. It was initially named Strike Protocol and part of the Binance incubator. The project's first version was released in 2020, with significant growth and updates, including a second version called Curie launched on the Optimism network in 2021, which enhanced the original model.

Perpetual Protocol

Uniswap

DeXe

Aave

NEXO

JUST

Rocket Pool ETH 

Injective

PancakeSwap

Sun Token

Curve DAO

Olympus

Lido DAO

Pendle

Binance Wrapped BTC

Compound

Syrup

Raydium

THORChain

Convex Finance

Four

Perpetual Protocol (PERP)

Similar Coins

UNI

DEXE

AAVE

NEXO

JST

RETH

INJ

CAKE

SUN

CRV

OHM

LDO

PENDLE

BBTC

COMP

SYRUP

RAY

RUNE

CVX

FORM

Resources

Perpetual Protocol (PERP) Price Index

Perpetual Protocol Price

Trading volume

Market cap

Resources