| description |
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Perpetual contracts platform |
Perp.fi is a trading platform for perpetual contracts. Trading costs ~ 0.0005 DAI per tx on xDai, allowing fees to be subsidized by Perpetual Protocol.
Perpetual contracts allow traders to speculate on the future price of a given asset by buying (going long) or selling (going short) perpetual futures contracts. Unlike typical futures, perpetuals do not expire. Instead, they automatically renew after a fixed period (1 hour, in the case of Perpetual Protocol).
Staking with the PERP token is also coming to the protocol. To learn more, see the Perpetual docs at https://docs.perp.fi/
Setup and trading is easy and users can start in minutes. Withdrawals can be processed at any time. See the docs for more information. The community-created video below explains the basics.
{% embed url="https://youtu.be/1a1ggVczKuA" %}
{% embed url="https://perpetualprotocol.medium.com/perpetual-protocol-1-month-recap-2df3b332f79b" %}