Perpetual Protocol is a decentralized protocol to trade perpetual contracts for every asset. It works by using a Virtual Automated Market Maker (vAMM). Traders can trade directly with vAMMs without the need for counterparties just like Uniswap. The vAMMs offer guaranteed on-chain liquidity and predictable pricing based on product curves that are always the same. The vAMMs are also designed to be fully collateralized and market neutral. Features of Perpetual Protocol Users can go long or short on many assets, including BTC, ETH, DOT, SNX, YFI and more. You can trade with up to 10x leverage on these assets. Due to xDAI, low trading fees have to be paid. All trading is 100% on-chain and non-custodial. How does it work? The protocol’s primary goal is to build a universal trade protocol for perpetual contracts. Thanks to the revolutionary vAMM-based exchange, you can trade with strong liquidity and low slippage. In comparison to other Ethereum-based exchanges, Perpetual uses a scaling technique called xDai to boost trades’ speed and offer zero gas fees on all deals. As all trades on Perpetual Protocol are settled in USDC, the exchange’s collateral is also in USDC. Perpetual Protocol employs a simplified approach that allows traders to profit from xDai scaling without setting up a wallet. You can deposit USDC via their trading platform using your existing wallet, and you are ready to trade. Your funds are controlled by your Metamask...
