The below Perpetual Protocol price chart tracks the price of Perpetual Protocol against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
Perpetual Protocol is a decentralized protocol that facilitates perpetual contracts for every asset. A staple of traditional finance, a perpetual contract is a derivative similar to a futures contract but without an expiry date. While the protocol currently supports cryptocurrency derivatives, in the future, it can support other assets like oil, gold, and fiat.
The Perpetual Protocol can support 20x leverage, short positions, and offers lower slippage compared to competing Automated Market Makers. This is possible, as the protocol uses a virtual Automated Market Maker (vAMM), which is fully collateralized and uses an asset’s price feed to create a market, instead of relying on a counterparty.
PERP, the platform’s native utility token, is used to vote on governance decisions and stake on the platform. The Perpetual Protocol, formerly known as Strike, was launched in 2019 by the serial entrepreneurs Yenwen Feng and Shao-Kang Lee.
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