Question 1

What is Perpetual Protocol?

Accepted Answer

Perpetual Protocol is a groundbreaking decentralized finance (DeFi) platform that offers users the ability to trade derivative contracts without relying on financial intermediaries. Central to the platform's mechanics is the utilization of a virtual automated market maker (vAMM) and a collateralization vault, enabling users to engage with complex financial instruments, notably perpetual contracts. Unlike futures contracts, these perpetual contracts have no set expiry date, offering traders a unique avenue for speculation and hedging.

Question 2

Who Created Perpetual Protocol?

Accepted Answer

Perpetual Protocol is the brainchild of Yenwen Feng and Shao-Kang. Both hail from Taiwan and have combined their expertise to craft a platform poised to redefine the DeFi landscape.

Question 3

What is $PERP Used For?

Accepted Answer

$PERP, the native token of the Perpetual Protocol ecosystem, holds multifaceted roles, instrumental in shaping the platform's operations:

**Staking:** By staking $PERP, users not only secure the marketplace but also earn rewards, promoting a healthy and active ecosystem.

**Governance:** Token holders wield the power of governance, using their $PERP holdings to guide the platform's future directions and decisions.

**Insurance:** An integral part of $PERP's functionality that wasn't originally emphasized, the token also finds application in insurance-related tasks within the ecosystem, bolstering the platform's risk management strategies.

It's noteworthy to mention that, while $PERP offers a plethora of utilities, transaction fees on the Perpetual Protocol are settled in USDC, not in $PERP.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	PERP-USD PERP-USD	coinbase	AA	0.02170USD	3.33%	1,539,850.16PERP	344	0.02100USD	0.02220USD
2	PERP-USDT PERP_USDT	gateio	A	0.02159USDT	1.90%	104,432.00PERP	87	0.02118USDT	0.02185USDT
3	PERP-USD PERPUSD	kraken	AA	0.02180USD	2.83%	63,845.73PERP	34	0.02120USD	0.02180USD
4	PERP-EUR PERPEUR	kraken	AA	0.01919EUR	5.49%	2,873.56PERP	2	0.01820EUR	0.01919EUR
5	PERP-KRW perp_krw	korbit	C	31.01KRW	0.00%	0PERP	0	31.01KRW	31.01KRW
6	PERP-EUR PERPEUR	bit2me	B	0.01919EUR	5.49%	2,873.56PERP	2	0.01820EUR	0.01919EUR
7	PERP-BTC PERPBTC	hitbtc	E	0.0₆3200BTC	0.00%	0PERP	0	0.0₆3200BTC	0.0₆3200BTC
8	PERP-IDR perpidr	indodax	E	378.00IDR	-3.82%	2,767.86PERP	6	393.00IDR	393.00IDR
9	PERP-USDT PERPUSDT	latoken	D	0.02161USDT	2.02%	1,948.56PERP	6	0.02118USDT	0.02161USDT
10	PERP-USDT PERPUSDT	coinex	C	0.02151USDT	0.00%	0PERP	0	0.02151USDT	0.02151USDT
11	PERP-USDT PERP_USDT	poloniex	C	0.01890USDT	0.00%	0PERP	0	0.01890USDT	0.01890USDT
12	PERP-THB THB_PERP	bitkub	C	0.6902THB	0.00%	0PERP	0	0.6902THB	0.6902THB
13	PERP-USDT PERPUSDT	hitbtc	E	0.02221USDT	0.00%	0PERP	0	0.02221USDT	0.02221USDT