What is Perpetual Protocol? PERP

The Crimson, moving to the Lake Conference next school year, were also the Class AAAAAA runner-up in 2021. Working the clock didn’t figure to be a late-game strategy, but it had to be for Maple Grove as it tried to release some steam from Minnetonka’s emotional comeback. Guzman has completed 153 of 236 pass attempts for 2,096 yards and 17 touchdowns. Breaking in a new quarterback in season can be a challenge, but the junior got up to speed in a hurry and continues to develop. He’s a shortstop with a scholarship to Maryland so arm strength was never a question.

How Does the Funding Rate on a Perpetual Future Work in Practice?

And here they are, in the CHSFL AAA championship game for the fourth consecutive season. Staking rewards in the Perpetual Protocol ecosystem are tiered based on the number of tokens a user locks up. Given the fixed 0.1% trading fee, we can see that the revenue pattern for Perpetual Protocol is proportional to the trading volume pattern.

What Is a Perpetual Bond?

We can iphone owners can now use bitcoin to pay at the checkout see that the vast majority of traders are longing Bitcoin at the moment which indicates bullish sentiment. In the first minute of the second quarter, Francois capped a 13-play, 68-yard drive that took more than six minutes on a 1-yard high-step through the right side. That atoned for a miscue in the opening minutes when he fumbled after a short gain. Maple Grove senior linebacker Jacob Wrbanek scooped up the loose ball and returned it 39 yards down the far sideline for the opening score. The victory sealed Maple Grove’s second big-school championship since 2022.

In the crypto space, they’re a favorite and they recently surpassed spot assets in trade volume. The main reason perpetual contracts are preferred by traders is that they let traders multiply their profits with leverage and also retain them indefinitely. Traditional futures contracts allow traders to increase their leverage in the market. However, since they expire on a given date, traders must “roll over” their positions (close the old one and open a new one with a later expiration date) if most liquid crypto exchanges they want to continue to have exposure to the asset. This introduces complexity and results in inefficiency for traders wanting to maintain longer term price exposure to the asset.

As such, perpetual bonds, even though they have no maturity date and pay interest forever, can be assigned a finite value, which in turn represents their price. This system operates on AMMs like Uniswap, but it adds a number of unique characteristics to the equation. Specifically, the network enables users to trade utilising leverage and short selling from an AMM-style exchange, claiming efficient liquidity provisioning and high transaction throughput. It’s interesting to see how quickly the trading fees paid for BTC, DOT, and other non-Ethereum assets will grow in the future.

The USDC can then be used as collateral to buy synthetic assets (perpetual contracts). Because the perpetual contracts don’t have an explicit expiration date (compared to e.g. futures), they use funding payments to keep the perpetual contract’s price in line with the underlying asset’s price. Perpetual Protocol uses code created by Uniswap, an Automated Market Maker that uses two pair assets to facilitate the exchange of said assets. However, these are contracts people are trading which means they’re not buying the underlying assets (i.e. Bitcoin) and their smart contracts are only designed to help with price discovery for contracts. Regulation for perpetual futures varies depending on the jurisdiction and the exchange offering the product.

Perpetual Futures: What They Are and How They Work

Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of ethereum price latest eth charts ether coin news Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain.

Asking Eric: Can I tell the server that her little game isn’t amusing?

Perpetual Protocol is a decentralized leverage trading exchange running on the Ethereum Optimism network. Perpetual Protocol uses DApps such as MetaMask to allow users to deposit funds and collateral in a trustless manner. Traders need Ethereum and stablecoins such as xDAI or USDC to post collateral for their leverage trades.

Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice.

• For the final game in the 2024 Minnesota State High School League’s football season, Maple Grove’s defense didn’t break, but this time, it did bend more than usual.
• PERP is an Ethereum-based token that conforms to the ERC-20 token standard.
• Perpetual contracts (or “perps”) are already a highly sought-after retail product, but most of the perpetual trading volume is currently concentrated to centralized exchanges.
• When holders lock their PERP, they receive voting escrow PERP (vePERP) tokens in return.

Unlike the AMMs mentioned above, which are used for both token swaps and price discovery, PERP’s virtual AMM is used only for price tracking to manage leverage and short positions. Perpetual Protocol’s app is a decentralized application (DApp) that facilitates trading using smart contracts and decentralized wallets. Traders can deposit Ethereum or stablecoins and trade the largest cryptos by market cap using wallets such as MetaMask. Traders purchase perpetual contracts that never expire until the trade is closed – hence the name perpetual.

The protocol was launched in 2019 and went by the name “Strike Protocol” until the PERP token was released and the name was changed to Perpetual Protocol in the fall of 2020. The system relies on technology provided by Ethereum to execute trades using smart contracts and Uniswap (UNI) code to facilitate contract purchases in a trustless manner. Perpetual Protocol is a non-custodial, smart contract-powered platform that operates on Optimism’s layer 2 blockchain.