Official Website: https://perp.com/
What is Perpetual Protocol?
Perpetual Protocol is a decentralised exchange (DEX) that was made for Ethereum and xDai futures. Traders are able trade long or short on a growing number of assets, including BTC, ETH, DOT, SNX, YFI, and others, with leverages up to 10X. Trading is non-custodial, which means that traders will keep ownership of their assets at all times, and it takes place on-chain with no funds being stored on the exchange. Perpetual Protocol uses a virtual automated market maker (vAMM) to provide on-chain liquidity and predictable pricing based on consistent product curves. Perpetual Protocol's vAMMs are also designed to be market-neutral and fully collateralized.
Perpetual Protocol's stated goal is to build the best, most accessible, and secure decentralised derivatives trading platform in the world. The company embraces the "DeFi money" by building on DeFi initiatives and allowing projects to build on Perpetual Protocol.
Perpetual Protocol's purpose is to develop a platform for exchanging perpetual contracts that anybody may utilise. Users must be able to trade with strong liquidity and low slippage in order to accomplish this. Perpetual Protocol uses its vAMM solution to tackle this problem. The order book model of controlled exchanges is not followed by Perpetual Protocol. Traders instead compete with a virtual automated market maker, whose initial liquidity is determined by the operator.
Team
Yenfen Weng and Shao-Kang Lee, two Taiwanese bitcoin entrepreneurs who had previously developed payroll and accounting solutions for crypto enterprises, founded Perpetual Protocol. Taiwan is home to the majority of the team. Many renowned investors have backed Perpetual Protocol, including Zee Prime Capital, Multiarrows Capital, CMS Holdings, Binance Labs, and Alameda Research, a strategic partner of FTX. In 2020, the company raised $1.8 million in a seed round headed by Multicoin Capital.
Roadmap
2020
• Balancer Liquidity Bootstrapping Pool & Staking Rewards.
• Chainlink price feed.
• Trading with Virtual AMM.
2021 & Future vision
• Decentralized hedge fun.
• Migration to future scaling solutions.
• Mainnet V2.
• Dynamic liquidity (dynamic k).
• Perpetual Protocol Governance.
PERP held a testnet for PERP ver2 named Curie in October 2021, which is an upgrade to the present version of PERP. This version has a number of noteworthy features, which are listed below.
• Faster trading thanks to L2 (Arbitrum).
• Better liquidity and lower spreads thanks to Uniswap v3 under the hood.
• Leverage for market makers - LP with leverage.
• All-new UI for easier trading on mobile and desktop.
• Dynamic liquidity for improved system stability and market responsiveness.
• Better composability, allowing integration with a host of other DeFi protocols and tools.
• Cross-margining for flexible position management.
Where to Store Perpetual Protocol (PERP)
PERP can be stored in Atomic wallet which can be downloaded on to a preferred device such as a mobile phone or PC. Other than PERP, Atomic supports a wide range of cryptocurrencies making it ideal for users looking to hold multiple coins.
PERP can also be stored in Trust wallet. Trust wallet is a wallet that can hold a wide variety of cryptocurrencies such as PERP making it highly desirable for users who wish to have a varied portfolio. Being owned Binance, it also a very trusted wallet in the crypto community.
Where to Buy and Sell Perpetual Protocol (PERP)
You can Buy & Sell Perpetual Protocol (PERP) by heading over to the Buy Coins page of our website. Perpetual Protocol (PERP) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying PERP has never been easier, simply place your order and provide your wallet address.
Once your payment arrives, Perpetual Protocol will be sent directly to your wallet. If you choose to Sell Perpetual Protocol (PERP) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the Sell Coins page.
Perpetual Protocol (PERP) Resources
Website: https://perp.com/
Block Explorer: https://etherscan.io/token/0xbc396689893d065f41bc2c6ecbee5e0085233447
Twitter: https://twitter.com/perpprotocol
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
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