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Perpetual Protocol
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What is Perpetual Protocol?
Getting Started
How it Works

PERP Token
Limit Orders
Staking

Perpetual Contract Specs

Protocol Marketing

Governance
🖥️ Dashboards
FAQs
ℹ️ General FAQ

📊
Basic Trading FAQ

😷
Troubleshooting FAQ

🖥️ Trading Interface FAQ
Tutorials
📈
Start trading on perp.exchange

💱
Transfer Funds to / from xDai
🔄
Open & Close Positions

🧮
Add & Reduce Margin
🧑‍🔬 Trade on our testnet
☎️ Get a Margin Call
Development Resources
💾
Smart Contract JavaScript Development Guide
📔
Smart Contract and Wallet Addresses
🎒
Developer FAQ
Library
Litepaper
Whitepaper
Roadmap
Glossary
Audit Reports
Terms of Service
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WHAT IS PERPETUAL PROTOCOL?



Perpetual Protocol v2 Docs
These docs describe v1 of the protocol. For v2 docs, please visit
https://v2docs.perp.fi/
Perp v1 is not actively maintained. Use at your own risk. Try v2 here.
PERPETUAL PROTOCOL DEX

The core of Perpetual Protocol is the decentralized exchange (DEX), based on
Ethereum and xDai.
Perpetual Protocol Exchange
WHAT CAN YOU DO ON THE PERPETUAL PROTOCOL DEX?

Go long or short on a growing number of assets
Includes BTC, ETH, DOT, SNX, YFI and more.

Trade with up to 10x leverage.
Trade with low gas fees thanks to xDai.
All trading is 100% on-chain.
Trading is 100% non-custodial

To start trading, go to the Perpetual Protocol Exchange link above.
You will need:
Metamask wallet (support for more wallets coming soon™️)
$USDC on Ethereum (see 💸 Where to get USDC for more options)
Trading skills!
Deposit your USDC and start trading!
More details: 📈 Start trading on perp.exchange

Trade via xDai for best reliability
All trades occur on xDai. Trading is possible via Ethereum thanks to a
transaction relay. If you are trading in size, it is highly recommended to trade
via xDai directly, or have this option as a backup. High volumes may cause the
transactions sent by the relayer to be delayed or fail.
TECHNICAL OVERVIEW

Read on to learn about how the Perpetual Protocol works.

Perpetual Protocol is a decentralized perpetual contract protocol for every
asset, made possible by a Virtual Automated Market Maker (vAMM).
Like Uniswap, traders can trade with our vAMMs directly without the need for
counterparties. The vAMMs provide guaranteed on-chain liquidity with predictable
pricing set by constant product curves. The vAMMs are also designed to be market
neutral and fully collateralized.
PERP holders can become stakers by staking the PERP tokens in their possession
to a Staking Pool. In return, stakers are rewarded with a portion of the
transaction fees in stable coins plus staking rewards in PERP.
PROJECT VISION

Our goal is to create the world's best, most accessible and most secure
decentralized derivatives trading platform.
This vision leverages the DeFi 'money lego' ethos to both build upon other
amazing DeFi projects, as well as actively facilitate ways for future projects
to build upon our work.
Perpetual Protocol also has a utility token (PERP) with incentive structures to
foster a vibrant, engaged community of users that will govern protocol
development in a cooperative, democratic way.
WHAT ARE VIRTUAL AMMS (VAMMS)?

Contrary to the applications that utilize automated market makers (AMMs) for
both token swaps and price discovery such as Uniswap and Balancer, Perpetual
Protocol uses the constant-product curve in our AMMs solely for price discovery
so that we can handle leverage and shorts.
Due to this difference, we call our AMMs "Virtual AMMs". Please see How it Works
to learn more, or check out our Deep Dive on Medium.
RESOURCES

Discord - English Channel
Discord - 中文頻道
Medium
Twitter
Telegram
Newsletter (biweekly)
微信群組 > 加入 Discord 或 Telegram 詢問來獲得入群邀請



Next - Getting Started
How it Works

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Perpetual Protocol DEX
What can you do on the Perpetual Protocol DEX?
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English
What is Perpetual Protocol?
Getting Started
How it Works

PERP Token
Limit Orders
Staking

Perpetual Contract Specs

Protocol Marketing

Governance
🖥️ Dashboards
FAQs
ℹ️ General FAQ

📊
Basic Trading FAQ

😷
Troubleshooting FAQ

🖥️ Trading Interface FAQ
Tutorials
📈
Start trading on perp.exchange

💱
Transfer Funds to / from xDai
🔄
Open & Close Positions

🧮
Add & Reduce Margin
🧑‍🔬 Trade on our testnet
☎️ Get a Margin Call
Development Resources
💾
Smart Contract JavaScript Development Guide
📔
Smart Contract and Wallet Addresses
🎒
Developer FAQ
Library
Litepaper
Whitepaper
Roadmap
Glossary
Audit Reports
Terms of Service
Powered By GitBook