Buy Perpetual Protocol (PERP)
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.
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Frequently Asked Questions (FAQs)
What is the current price of Perpetual Protocol (PERP)?
The Perpetual Protocol price is $1.2799 AUD, representing a -0.03% from the day prior.
Where is the best place to buy Perpetual Protocol (PERP) in Australia?
The best place to buy Perpetual Protocol (PERP) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Perpetual Protocol (PERP) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Perpetual Protocol (PERP)?
The trading volume of Perpetual Protocol (PERP) is $13.2M AUD in the last 24hrs, representing a -0.03% from the day prior.
How can I buy Perpetual Protocol (PERP)?
Perpetual Protocol (PERP) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Perpetual Protocol (PERP)?
The current market cap of Perpetual Protocol (PERP) is $92.2M AUD.
Can I convert Perpetual Protocol (PERP) to cash?
Yes - With Coinstash you can convert your Perpetual Protocol (PERP) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Perpetual Protocol (PERP) are there?
The current circulating supply of Perpetual Protocol (PERP) is 72.6M.
Is Coinstash a safe place to buy Perpetual Protocol (PERP) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Perpetual Protocol (PERP) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.