Perpetual Protocol (PERP) Project Analysis

1. Research Comment

Leading product of decentralized derivatives, invested by head crypto institutions, Binance and Three Arrow Capital. It adopts vAMM mechanism, accounting for over 90% transaction turnover of perpetual swaps on the chain.

2. Recent Flashpoint

The launch of Perpetual Protocol v2 soon

The explosive growth of the filed

3. Project Introduction

Perpetual Protocol is a decentralized perpetual swap protocol realized through vAMM.  Through Perpetual Protocol, traders can trade perpetual swaps by vAMM without the need of counterparty. PERP is the native utility token of the platform, used for governance and staking.

4. Token Roles

Governance: token holders have the right to determine the next listing asset, or to affect the development direction of the protocol.

Staking: token holders can stake their tokens to get staking rewards and part of the transaction fees, The staked tokens also play a role in protecting the market.

5. Token Allocation

Total: 150,000,000

Ecosystem and rewards: 54.8%

Team and consultant: 21%

Strategic investors: 15%

LBP auction: 5%

Seed round: 4.2%

6. Investment Institutions

Binance, Three Arrows Capital, alameda research, multicoin capital, CMS

Perpetual Protocol (PERP) Basic Information

Token name: PERP

Project website: https://www.perp.fi/

Block query:

https://etherscan.io/token/0xbc396689893d065f41bc2c6ecbee5e0085233447

CoinW Research

September 7, 2021