Perpetual Protocol was launched in late 2019, originally under the name Strike Protocol. Perpetual Protocol is built on an automated market maker (AMM) design inspired by Uniswap. The PERP token is the Perpetual Protocol’s ERC-20 native token, empowering the entire system in two ways (staking and governance). Detailed information about what is Perpetual Protocol coin PERP, how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about HIVE coin.
What is Perpetual Protocol coin (PERP) and how does it work?
The liquidity pool (k) of Perpetual Protocol is digitized and algorithmically determined. Instead of relying on liquidity providers to determine the curve of a particular market, Perpetual Protocol can programmatically adjust and update the parameters of the virtual AMM (x*y=k) and always offer a competitive product for any market.
The team claims that PERP is the first virtual AMM (vAMM) to enable non-constructive markets while guaranteeing on-chain liquidity. These unconstructive markets lower the capital demands required by traditional markets, thus paving the way for new and emerging products.
The PERP token is the Perpetual Protocol’s ERC-20 native token, empowering the entire system in two ways (staking and governance). Perpetual Protocol’s Insurance Fund is guaranteed by holders of its native token PERP. The Insurance Fund is used to cover unexpected losses arising from leveraged transactions. If the Insurance Fund runs out, Perpetual Protocol will print more PERP to replenish the Insurance Fund and cover losses.
PERP holders, on the other hand, can stake their assets in Perpetual Protocol’s stake pool for a fixed period of time. In return, stakers are rewarded with a percentage of the transaction fees accumulated during the protocol period, in addition to the inflationary staking rewards.
How to buy PERP coin and how much does it cost?
PERP coin can be purchased from the listed cryptocurrency exchanges. But it is necessary to make sure that the exchange is “reliable”. As of September 19, 2021, the price of 1 PERP coin is around $14.13.
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
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