Perpetual Protocol launches projects, improvements to enhance the platform

While DEXs have already garnered popularity, none of these have integrated the Perpetual Protocol features.

Perpetual Protocol’s main edge is its decentralization and community governance. Through it, users are given the capacity of trading 10x the leverage, getting their profits up despite being on-chain given that liquidity is at its peak. Perpetual Protocol is the largest derivative DEX based on daily volumes that maintain speedy transaction times and low fees.

Perpetual Protocol takes DEX up a notch through the launch of the first virtual automated market maker, doing away with the necessity for a third party while rendering the model more efficient through a single asset in the pool used as an asset instead of both. The platform had already set up its Insurance Fund so as to account for unexpected losses throughout leveraged trading.

Updates

A growing platform of 15+ markets with new users signing up to trade perpetual futures, Perpetual Platform is in the midst of entering into new partnerships and adding on new services.

The Grants Program had been launched to boost the adoption of perpetual trading. This sees the grant’s team management of $500k PERP fund to be used by teams that create content for brand awareness and strategies. For this, the platform had made ties with Apex.win, Bankless DAO, and Frontier among others.

Perpetual Protocol had also partnered with WOO Network, a network that connects traders, exchanges, institutions, and DeFi platforms. This will see the WOO network bring in liquidity to Perpetual Protocol.

The V2, Curie Release had also been launched to bring in improvements like scaling and UI and UX upgrades, flexible liquidity, and cross margin and multi collateral.

Perpetual Protocol also conducted its second trading competition to enhance the platform. Here, the top 15 traders have been selected through their net profit and had been given prize money of $25,000 which they will split across themselves. The platform also made its open-source interface public.

Current Price

At present, PERP, Perpetual Protocol’s native token trades at $13.50649.