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…


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, 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 this lifehack:

  1. You need to have a Binance account, OR funds on BSC
  2. You need to have MetaMask…


Our 3rd community call was held on March 29, 2021, where we deep dived into some of Perpetual Protocol’s core designs including our insurance fund, vAMM V2 and native staking launch. 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&A

(From zoom participant Hoda)
Q: Why there are some fix amounts always buy and sell on Binance?
LeeKB: If the trades are not on perp.exchange then we have no idea. …


On February 9th, 2021, we hosted an AMA on Perpetual Protocol’s telegram group with Rory Piant, Chainlink’s Director of Community. We had over 34 questions from Twitter. Rory tried to answer as many as possible within the limited time. Only the questions answered were featured in this transcript.

Enjoy the read!

DavidBrain (Moderator): Welcome everyone to our AMA with Chainlink. Great to have you all around. Before we proceed, please note the following:

In order to avoid any form of interference in the course of the AMA, the group will be muted.

We will take some questions from Twitter.

If…


The moment PERP token holders have been waiting for is here!

Perpetual Protocol native staking is live 🎉

We highly recommend reading the details below but if you are a degen to the bone …
… stake now! 👉 http://perp.link/3cgwae
⌚ Staking starts 3/30 Tue at 7 AM UTC.

(Note: Staking rewards are linear and calculated per minute, so don’t worry if you didn’t start staking in the first few blocks!)

2-Stage Roll Out

Perpetual Protocol native staking will launch in 2 phases.


Our second community call was held on March 9, 2021, where we shared some stats of how we’re doing, latest protocol updates as well as a Q&A session with the community. 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 shared a summary of our Q&A session below.

Q&A

(From zoom participant Rahul Jain) Q: Will you also bring options? LKB: We do not have plans for options currently as we want to focus on Perpetuals. Q: What about leverage tokens then? Yenwen…


Start Trading like a Pro!

In this post, you’ll learn more about the Perp Arbitrageur bot we just released to the public and start to trade like a professional!

Before starting, it’s important to note that tactics mentioned here depend on market conditions. The arbitrageur bot is not guaranteed to earn profit, and may in some cases result in financial loss. You must monitor market conditions and adjust the bot parameters accordingly.

⚠️ NOTE This bot is provided AS-IS and for educational purposes only. Derivatives trading carries substantial risks and possible loss of up to 100% of your funds. Perpetual…


The detailed proposal in response to this incident is on Perpetual Protocol Governance Forum.

What happened?

At 6:45 am on 2021/2/21 (UTC+8), there was a price crash on the BTC perpetual market on Perpetual Protocol. The BTC price dropped from 56,000 USDC to a low of 37,000 USDC. The price recovered after about an hour.

Flash crashes are a common risk in leveraged trading. Centralized exchanges like Bitmex and Binance have developed ways to mitigate the effects, keeping crashes to a much more limited scale.

While many of the techniques used by CEXs cannot be applied in the context of an AMM-based…


We have just completed our very first community call. Thank you all for joining. We were very excited to share our updates and answer many interesting questions.

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

Q&A

(From zoom participant Christian Lanz)
Q: Will staking be PERP only? Or will it be with a pool?
Yenwen: Right now staking will be PERP only. It will not be with a pool. …

Perpetual Protocol

Decentralized perpetual contract for every asset

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