DiscussierPerpetual Protocol
Perpetual Protocol is a decentralized perpetual futures exchange that pioneered the virtual AMM (vAMM) model for on-chain derivatives trading. Operating on Optimism, it offers leveraged trading on various crypto assets with up to 10x leverage. The protocol uses a concentrated liquidity model inspired by Uniswap v3 for its v2 iteration, enabling market makers to provide liquidity within specific price ranges. PERP is the governance token used for staking and protocol governance through veToken...