Perpetual Protocol (PERP)

Perpetual Protocol is a marketplace where users can trade derivatives. Derivatives are contracts that allow betting on the future price of an asset, such as gold, oil, stocks, bonds, or cryptocurrencies. In this case, the bet has no expiration date and can continue indefinitely, hence the name "perpetual". The Perpetual Protocol marketplace operates entirely on the Ethereum blockchain and is governed by smart contracts. There are no intermediaries overseeing compliance with the rules; it is all executed automatically by the smart contracts. This ensures decentralization and keeps transaction costs low. While Perpetual Protocol's marketplace is often compared to Uniswap, its purpose is different. Uniswap facilitates token trading, while Perpetual Protocol allows users to leverage their trades for increased profits. The PERP token, the cryptocurrency of Perpetual Protocol, is used to pay transaction fees and participate in the platform's governance. This means that the PERP token has governance functions.