Perpetual Protocol PERP Price 0.02048572

There is a DEX for futures on xDai. With up to 10X leverage on a growing number of assets, traders can go long or short. Non-custodial means traders retain possession of their assets. The virtual automated market maker is used by the Perpetual Protocol. The company embraces the "Defi money lego" ethos by allowing projects to build on the Defi projects. Most of the team is based in Taiwan. A number of well-known investors are backing the creation of a unique protocol. Low slippage is what users need to be able to trade with. The vAMM solution is used. The usual order book model of centralized exchanges is not followed by the operator. The price would go up and there would be an incentive to go short if the price was out of line. The price of vETH would be brought back to its equilibrium by traders going short. The vAMM model can be used to build the exchange on xDai, so traders can enjoy on-chain trading without fees. PERP has a current supply of 68.7 million. Staking rewards and trading fee rewards increase in the feedback loop. The PERP token value is going up. There has been an increase in PERP token awareness. Protocol awareness increases. The network has been audited.