Perpetual
The Perpetual protocol (formerly Strike protocol) is a decentralized perpetual contract protocol that integrates the Ethereum Layer 2 solution xDai, using a Virtual Automated Market Maker (vAMM) model.The protocol supports perpetual contract transactions with up to 10 times leverage, including ETH, BTC, YFI, and DOT. The protocol charges a 0.1% transaction fee, of which 50% is used for staking incentives, and 50% is deposited in the insurance fund. PERP is Perpetual's native protocol token, which is a utility token designed to facilitate and incentivize the decentralized governance of the protocol. At the same time, users can also staking PERP to get the transaction fees and staking rewards.
The Perpetual protocol (formerly Strike protocol) is a decentralized perpetual contract protocol that integrates the Ethereum Layer 2 solution xDai, using a Virtual Automated Market Maker (vAMM) model.The protocol supports perpetual contract transactions with up to 10 times leverage, including ETH, BTC, YFI, and DOT. The protocol charges a 0.1% transaction fee, of which 50% is used for staking incentives, and 50% is deposited in the insurance fund. PERP is Perpetual's native protocol token, which is a utility token designed to facilitate and incentivize the decentralized governance of the protocol. At the same time, users can also staking PERP to get the transaction fees and staking rewards.
