Perpetual Protocol team introduced the much anticipated v2 on June 30th, 2021 to the community. This month’s community call, held on July 2nd, 2021 was an AMA dedicated to respond to community questions as regards Perpetual Protocol v2 — the Curie Release.

Thank you everyone for participating in the call! For those who were not able to join the call, the recording is available on Youtube and we’re sharing a summary of our Q&A session below.

AMA summary

Q: What is the user composition among professional and retail market makers and takers on professional perpetual protocol v1.

Nick: We group them…

Release highlights

  • Scaling and UX enhancements
  • Cross margin & multi-collateral
  • Efficient, flexible liquidity
  • Path to permissionless markets

Perpetual Protocol v1 was launched in December 2020, pioneering the virtual market maker model. In less than 7 months, the protocol has facilitated over $19bn in trading volume, making Perpetual Protocol the top decentralized derivatives exchange in the world.

We’re excited to announce the commencement of our second mainnet trading competition sponsored by Index Coop!

Here are the details you need to know 👇

📅 Competition Period

June 2 (Wed.) 14:00 UTC — June 9 (Wed.) 14:00 UTC

🏅 Prizes

The prize pool is 25K USD — 15K USD in INDEX and 10K USD in PERP. The top 15 traders ranked by net profit* across all of the markets on Perpetual Protocol at the end of the competition will share this prize pool according to his/her ranking.

  • №1: $7,500
  • №2: $5,000
  • №3: $3,000
  • №4~№10: $1,000 each
  • №11~№15: $500 each

*Net profit includes your realized…

Open source interface

Perpetual Protocol has released an open source UI for developers and advanced users to deploy on local servers or as online front-ends.

View the github repo here:

Our 4th community call was held on April 19, 2021, where we had a mini-interview with Igor Barinov from xDai and addressed the weekend flash crash. Thank you everyone for participating in the call!

For those who were not able to join the call, we have uploaded the recording on Youtube and we’re sharing a summary of our Q&A session below.

Q: How is the research of shifting from the simple xyk curve going?
Yenwen: We have addressed our long/short skew issue in our previous community call. In our V1 design, Perpetual Protocol does not participate the market, which means…

What happened?

Beginning at roughly 11:30 AM UTC+8 on April 18, 2021, a flash crash affected the ETH/USDC market on Perpetual Protocol. Following a period of high volatility on both centralized and decentralized markets, we saw a period of instability across all exchanges as the price of ETH dropped significantly.

What resulted was a cascade of liquidations of large and highly levered positions — the price reached a low of nearly $870 USD before recovering back to the market price.

Price of ETH/USDC perpetual on Binance during the same period, with a low of $1900.

Perpetual Protocol has launched a Pool Together campaign to reward traders.

Note: This is totally separate and unrelated to PERP staking.

How it works

Starting April 19, 2020, all traders on Perpetual Protocol will accumulate a new token — pPERP.

Each week, these tokens will be airdropped to your address.

You can then stake the tokens on Pool Together for a chance to win tasty prizes!

Pool Together

pPERP tokens staked on Pool Together will give you the chance to win every week.

10 traders will win $500 worth of PERP every week!

The more pPERP tokens you have & stake, the higher your chances…

In light of increasingly high gas fees on Ethereum, various DeFi protocols have migrated their services to L2 solutions or launched directly on Ethereum-compatible chains instead of Ethereum itself. Due to the nascency of L2 solutions, many DeFi protocols are adopting the latter approach.

However, despite it being easy to port an existing Ethereum dapp to an EVM-compatible chain like xDai Chain or Binance Smart Chain (BSC), the UX remains tricky.

In this piece, we’ll dive into the problems that users face when using a dapp on another chain, how Interchain Transaction Bridge (“ITB” for short) solves the problem, followed…

On the 27th of March, 2021, Binance Turkey hosted LeeKB, Perpetual Protocol’s marketing manager, on their Telegram group for an AMA that was both exciting and intriguing.

We had over 100 questions and tried to answer as many as possible within the limited time. Only the questions answered were featured in this transcript.

Enjoy the read!

AMA Structure

The AMA was held in 3 segments:

Segment 1: The Binance Turkey admin asks the first set of questions.

Segment 2: The community answers questions on the google form, after which Lee gives the correct answers.

Segment 3: The Telegram group is opened for…

(2021/6/30) We just announced the next major update for Perpetual Protocol. Check the announcement here.

Do you have funds on Binance or BSC? This article is for you!

Although you don’t need to pay gas fees for trades on the Perpetual Protocol DEX (for Metamask users), you still need to pay gas fees when depositing to the platform.

In response to the recent high gas prices, we want to show you how you can save up to 90% on gas fees using Binance Smart Chain (“BSC”) to deposit USDC on Perpetual Protocol.

Before we start, there are some prerequisites for…

Perpetual Protocol

Decentralized perpetual contract for every asset

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