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Perpetual protocol (PERP)

$ 0.531350000000000000

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Description

Perpetual Protocol (PERP) is a decentralized finance protocol that allows for the creation of a hybrid decentralized auction market. It is built on the Ethereum blockchain and is an open-source protocol. The core idea behind the protocol is to combine the advantages of a centralized auction protocol with those of a decentralized protocol. Perpetual Protocol was founded in 2020 by Cosima Conrad, a software engineer and researcher in the field of decentralized finance (DeFi). The team also includes crypto veterans such as Matias Goldenhörn, Matias Kivipalo, and Ricardo Reis. What makes Perpetual Protocol unique is its hybrid design. This allows users to engage in DeFi trading in a permissionless way, while still allowing the benefits of permissioned governance. This means that users can enjoy the privacy and trustlessness of decentralized trading while still having the safety of a permissioned protocol. Perpetual Protocol also provides a secure liquidity pool backed by MakerDAO, which helps secure the trading platform from multiple external attacks. The protocol has a unique gas harvesting tool which allows users to save on transaction fees by paying for network fees with a portion of their profits. This feature helps reduce the costs associated with DeFi trading. Perpetual Protocol is used to create a DeFi trading platform. It is also used to facilitate trades between different tokens, as well as to create derivatives that are based on underlying assets such as blockchain-based digital currencies. Perpetual Protocol is available on several digital asset exchanges, including Binance, Huobi Global, and Gate.io. A wide variety of digital asset wallets also support PERP, such as Ledger, MetaMask, and Trust Wallet. In conclusion, Perpetual Protocol is an innovative and secure DeFi platform that provides users with a secure and trustless trading platform. It is easy to use, and its unique hybrid design allows for the best of both worlds – the security and trustlessness of a decentralized protocol, with the safety of a permissioned protocol. It is available on several exchanges and in a number of digital wallets.