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PERP

Perpetual Protocol  

#PERP

PERP Price:
$1.08
Volume:
$10.4 M
All Time High:
$24.65
Market Cap:
$0.1 B


Circulating Supply:
123,733,804
Exchanges:
29
Total Supply:
150,000,000
Markets:
35
Max Supply:
Pairs:
59



  PERP PRICE


The price of #PERP today is $1.08 USD.

The lowest PERP price for this period was $0, the highest was $1.08, and the exact current price of one PERP crypto coin is $1.08446.

The all-time high PERP coin price was $24.65.

Use our custom price calculator to see the hypothetical price of PERP with market cap of BTC or other crypto coins.


  PERP OVERVIEW


The code for Perpetual Protocol crypto currency is #PERP.

Perpetual Protocol is 3.7 years old.


  PERP MARKET CAP


The current market capitalization for Perpetual Protocol is $134,184,841.

Perpetual Protocol is ranking downwards to #305 out of all coins, by market cap (and other factors).


  PERP VOLUME


The trading volume is large today for #PERP.

Today's 24-hour trading volume across all exchanges for Perpetual Protocol is $10,356,699.


  PERP SUPPLY


The circulating supply of PERP is 123,733,804 coins, which is 82% of the total coin supply.


  PERP BLOCKCHAIN


PERP is a token on the Ethereum blockchain, and has digital contracts with 4 other blockchains.

See list of the PERP Blockchain contracts with 5 different blockchains.


  PERP EXCHANGES


PERP is well integrated with many pairings with other cryptocurrencies and is listed on at least 29 crypto exchanges.

View #PERP trading pairs and crypto exchanges that currently support #PERP purchase.


  PERP RESOURCES


Websiteperp.com
Whitepaperdocs.perp.fi/library/litepaper
Twitterperpprotocol
Telegramperpetualprotocol
DiscordDq9mTmCaBb
Mediumperpetualprotocol


  PERP DEVELOPER NEWS



Perpetual Protocol Bounty Program Review

6 months ago the Perpetual DAO launched a security entity to ensure funding for the ongoing work being done by the team, external auditors and independent security researchers (whitehats). — Bounty Recap - We’ve collected a summary of the Perp v2 bounty program payouts to date. 6 whitehats found 11 issues. Big and small, they are a diverse bunch. We want to give a special thanks to our incredible community members who are always on the lookout for issues and bugs, and report them asap — we are all safer together! We also give a huge thanks to the security research & whitehat community for finding and reporting bugs, as well as working with us while we improve our bug bounty process. Last but not least, the ImmuneFi team deserves a big shout out for their help with every bounty report and for helping us learn to work better with whitehats. — Front-line Defenses - Post-deployment bounties are part of a triad of security measures essential to any Defi protocol, the other two being internal code reviews and external audits. The Perpetual Protocol team puts a lot of effort into finding bugs and vulnerabilities before code goes into production, and has a dedicated team member focusing on security. DEX production code and code point updates are also reviewed by external auditors on a regular basis, with close communication between the team and auditors throughout the process. — Bug Bounty Summaries - W...




Perp’s Bi-Weekly Update #62

Hey there, Are you effortlessly growing your crypto holdings with Hot Tub vaults yet while touching grass and enjoying the summer? In this newsletter issue, we’ll have a look at the past Hot Tub performance and on top of that cover all the recent updates in the Perp ecosystem. Let’s dig in! — 🛠️ Product - 1. Hot Tub Vaults Update The Hot Tub vaults TVL is approaching $2 million! All time APYs (annual percentage yield) range from 13% for ETH to 10% for OP, 3% for WBTC, and 5–16% for the USDC vaults. With the whitelist gone, you can now deposit to the vaults right away! Take advantage of the ETH vault’s open capacity to earn a double digit yield in ETH. Rather want to sit in stables? Deposit USDC to the OP-USDC vault with a 30-day APY of 19% at the time of writing. 2. Updated Pool Party Rewards Calculation In our ongoing efforts to ensure Pool Party (liquidity mining) rewards are distributed fairly and incentivize healthy liquidity, the rewards calculation has been updated. The new calculation will help makers who are providing liquidity on longer timeframes compared with HFT makers, which have recently seen a large increase in activity on the protocol. If you are a maker and have questions, please open a ticket on Discord. We’d love to hear from you! 3. Collateral Deposit Caps In order to keep collateral deposits within a safe range of liquidity available more broadly within the Optimism ecosystem, we...




What is Events-Driven Trading?

Events-driven trading is a technique usually utilized by the big boys at hedge funds and institutions. But with the accessibility and 24/7 nature of the crypto market, these characteristics also open up the opportunity for the little guy to trade events and get in on the action. In this article, the event-driven approach is explained, along with some examples and tips on how to execute such a strategy so you can gain an edge over other traders and start being more efficient with how you play the markets. — Unveiling the Event-Driven Strategy - Event-driven strategies take advantage of the fact that investors tend to overreact to new information hitting the market. Any piece of new information which can impact the market can be defined as an ‘event’. Popular in the world of traditional finance, a stock may be mispriced when there’s a significant event, such as an earnings call, where lower than anticipated earnings could precipitate a sell off. Also, leading up to the event, there is usually heightened volatility as traders place their bets on how this news will impact the price. An event-driven strategy involves assessing the likely outcomes and waiting for the news to be released, positioning either ahead of time or as the new information is released, during which time the price fluctuates and opens up opportunities for a trader to make money. This strategy can be carried over to the cryptocurrency market too...




Perp’s Bi-Weekly Update #61

Hey there, We’re excited to announce the launch of Shower Room, removing the whitelist from the Hot Tub vaults and allowing you to queue up and earn interest when your desired vault is at capacity. Read on for the details and what else has been happening in the past two weeks in the Perp ecosystem. — 🛠️ Product - 1. Say Hello to Shower Room … and goodbye to the whitelist! You can now deposit to the Hot Tub vaults right away without signing up for the whitelist. If a vault is at maximum capacity, Shower Room lets you queue up, earn interest and automatically deposit as soon as caps are raised or any withdrawals are made! Each Hot Tub vault will have an independent, uncapped Shower Room earning interest via Yearn’s vaults on Optimism. When space is freed up in the Hot Tub, your assets are automatically withdrawn from Yearn and converted to deploy them into the Hot Tub vault of your choice in the order of Shower Room deposits. Depending on whether the vault is at capacity or not, there are two scenarios: Below capacity: Deposit as much as you want into Hot Tub, At capacity: Join the queue and deposit a capped amount (10,000 USDC, 6 WETH, 8,000 OP and 0.4 WBTC respectively), Our blog post covers all the details. 2. Hot Tub Vault Performance How did the Hot Tub vaults perform? A snapshot of vault performance: All time APYs (annual percentage yield) range from 14% for ETH, 11% for OP and 3% for WBTC, to 2–10%...




Introducing Shower Room

Another yield facility is here! Following the success of the Hot Tub vaults, which have reached full capacity pretty much instantly each time after the caps were lifted, a new feature is now live: the Shower Room. Crypto holders can now earn yield on their assets in the Shower Room while they are queueing up to join the Hot Tub. — Whitelist Be Gone!: Improving the Hot Tub Experience - The Hot Tub is often at maximum capacity. People can’t get enough of the automated arbitrage alpha! Because deposit caps are in place, there are only a limited number of spots available at any time.Have you checked out our new OP and WBTC vaults yet? Earn a sustainable yield with your OP, WBTC or USDC tokens here! We’ll continue to expand the Hot Tub and make improvements. But to offer an enhanced user experience and better manage the high demand for Hot Tub, we are removing the whitelist process and launching Shower Room — the queueing mechanism that replaces the whitelist. Each Hot Tub vault will have an associated Shower Room, enabling depositors to earn interest while waiting for more spaces in the arbitrage vaults to open up. With this new process, depositors will have priority and be the first to join as soon as there are any withdrawals from the Hot Tub. — How Does the Shower Room Work? - The Shower Rooms are uncapped and anyone can join at any time to queue up for the Hot Tub, while simultaneously earning yiel...




9 AI Tools for Cryptocurrency Investors

The promise of AI is that one day it can be used to accurately predict the markets and improve the decision making process of investors, with the potential to rapidly analyze data and remove the emotional aspect from trading. Already we are starting to see that happen, with FalconX’s AI assistant Satoshi receiving a lot of attention in April 2023. But what tools can you use right now to help you to navigate and trade the crypto markets? In this article, you’ll learn about the current state of AI tools for crypto investors, some of which can be used now, while others are worth keeping an eye on until they do a full launch. While these tools are pioneering the crossover between AI and crypto are far from a perfected state, we can expect that AI applications for crypto traders will blossom in the near future and improve over time. — 1. ChatGPT Plugins - The first set of tools on our list are based on the most popular AI application to date: OpenAI’s ChatGPT. There are various plugins focused on cryptocurrencies that can be used to cut down the time you spend on research, such as the DeFiLlama plugin built by Kofi. A quick walkthrough of the tool is provided below: — Kofi on Twitter: "Introducing "DefiLlama ChatGPT Plugin🦙✨"Retrieve data on DeFi protocols and blockchains using plain english!Here's how to use it 👇 pic.twitter.com/l6W86r2898 / Twitter" - Introducing "DefiL...




Perp’s Bi-Weekly Update #60

Hey there, Hot off the press, our latest edition of the Perp newsletter. We’re thrilled to announce the launch of the new Hot Tub arbitrage vaults for BTC! In addition we have more Hot Tub and Community updates to share. As always, read on. — 🛠️ Product - 1. New BTC Hot Tub Vaults Our BTC arbitrage vaults are live: Grow your $WBTC and $USDC holdings from a delta-neutral, completely automated arbitrage strategy! Consisting of two vaults, BTC and BTC-USDC, the on-chain vault performs an arbitrage strategy on the BTC market spanning Perpetual Protocol and different spot DEXes. Internal testing results show an approximate APY (annual percentage yield) of around 6% for both of the vaults. But keep in mind, APY fluctuates with the market: more volatility leads to higher APY! 2. Hot Tub Cap Raises Next to launching new vaults, we’ve raised the cap of the ETH vault to 240 ETH — as usual it filled up right away! In addition, the cap of the OP vault was increased to 200k and the cap of the OP-USDC vault to 300k USDC. The OP vault still has some capacity with a 15% all-time APY. 3. ICYMI: Boost Your Collateral With Yield+ Yield+ enables you to earn yield and trade with a single asset at the same time! Boost your collateral and earn interest via a low-risk, battle-tested Yearn vault no matter if in a trade or not. Sign up here to get early access. — 🤝 Community & Partnerships - 1. Meet the Perp Tea...




What is Grid Trading?

In this article, you’ll learn about a trading technique that embraces the randomness of cryptocurrency prices, does not require any guesses about the market’s direction and profits from fluctuations when there’s a strong trend or when the price is moving sideways. — Grid Trading Explained - Grid trading is a technique utilized by institutional traders that seeks to capitalize on ranging or trending markets by placing limit orders or stop limit orders at fixed intervals. There are many different approaches to grid trading but the general idea behind it is that in cyclical markets, we can trade in a way where we don’t have to care about the entry price and just slowly build a position to scale into a long or short. One approach is to work against the trend by buying an asset at a low price and selling at a high price, which does not require you to take on a directional view of the market. With no requirement to predict where the price will go next, you can focus on managing the positions and figuring out where to exit with a profit. For example, if the current price of ETH-USD is $1900, one strategy involves placing limit buy orders at $50 increments below the current price and limit sell orders at $50 increments above the current price. When the price falls, one or more of the buy orders are triggered and the trader ends up with a long position. A trader using a grid system to build a long position will bring th...




Perp’s Bi-Weekly Update #59

Hey everyone, Welcome back to another issue of the bi-weekly newsletter. In the last two weeks, the Perp devs have been doing something. We’ve released two new $OP Hot Tub vaults, a beta feature to improve execution prices (for larger orders) and announced Yield+ to let traders earn interest on their collateral. Let’s dig in! — 🛠️ Product - 1. OP Hot Tub Vaults Our newest addition to Hot Tub: capitalize on arbitrage opportunities with Optimism’s native OP token. Consisting of two vaults, OP and OP-USDC, the on-chain vault performs an arbitrage strategy on the OP market spanning Perpetual Protocol and different spot DEXes. At the time of writing, the OP vault has an all-time APR of 34%, the OP-USDC vault of 11%. Note that Hot Tub vaults are exclusive to whitelisted wallets. Subscribe to our mailing list to get on the whitelist and stay informed. 2. Smart Maker We’ve released a new beta feature, Smart Maker, to improve execution prices and reduce slippage for larger orders in the BTC, ETH, OP and PERP markets. 3. Introducing: Yield+ Yield+ brings you the best of both worlds: Earn interest on your collateral while trading on Perp or just make use of your idle USDC, USDT or ETH. Built on top of Yearn, Yield+ will offer an APR of up to 6% via a low-risk, battle-tested vault. Sign up to be one of the first to try it out when we launch or read more in our blog post! — 🤝 Community & Partnerships - ...




10 Effective Methods for Earning Cryptocurrency in 2023

Cryptocurrency has revolutionized how we think about finance and continues to gain popularity, with more and more people looking for ways to earn digital assets. In this comprehensive guide, we will explore the top 10 strategies for earning cryptocurrency in 2023. — 1. Find a Job in Crypto 👨‍💻 - Discover opportunities with crypto firms (many include payment of salaries or bonuses with tokens). To see what openings are out there, start browsing platforms such as Crypto Jobs List, Cryptocurrency Jobs, CryptoJobs, Pomp Crypto Jobs, and Proof of Talent. Competition is fierce in the crypto industry and landing a job is easier said than done. So here are a couple of alternatives if you cannot find any suitable openings (or are already employed): Join an ambassador program: many protocols and projects pay ambassadors for promotion and word-of-mouth marketing., Accept crypto as a business owner: if you run your own business, consider setting up a crypto payment option using services such as BTCPay Server, CoinGate or NOWPayments., Try your hand at freelance work: search marketplaces like cryptogigs, CryptoTask, LabourX, and Latium for small gigs., — 2. Bounties & Giveaways 💰 - People with the right technical skills can earn significant amounts by helping DeFi protocols become more secure through bug bounties on platforms like ImmuneFi and Sherlock. But bounties are not just for those that are smart cont...




  PERP NEWS


BSX: The First CLOB Perp Exchange to Launch on Base Layer-2 Blockchain

    [PRESS RELEASE - Grand Cayman, Cayman Islands, April 1st, 2024] Quick Take BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance decentralized exchange, offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of centralized exchanges with the self-custody features of decentralized exchanges. BSX will begin trading on Base L2 Mainnet Alpha on April 1, 2024. Following the conclusion of its Public Testnet trading phase in Q1, BSX – the new standard in premier, high-performance decentralized exchanges (DEXs) – is set to begin trading on the Base L2 Mainnet Alpha on April 1, 2024. BSX is backed by a number of notable investors, including Base Ecosystem Fund, Bankless Ventures, CMS Holdings, No Limit Holdings, Saison Capital, Kyros Ventures, WW Ventures, among others. BSX is also being advised by Arthur Hayes, the founder and CIO of Maelstrom and the co-founder of BitMEX. BSX aims to provide the ultimate DeFi trading experience, combining the liquidity, premium UX and user-friendly features of centralized exchanges (CEXs) with the pricing and self-custody features of (DEXs). By utilizing the Base network, BSX provides lightning quick transactions and inexpensive trading fees while ensuring transparency and accuracy through on-chain settlements. BSX also streamlines the interface and flow for retail traders, who can conveniently connect their existing wallet... read More



PERP Spikes 90%, Perpetual Protocol Foundation Sends Tokens To Binance: ...

    PERP, the native token of Perpetual Protocol, is one of the top-performing assets, looking at price action in the past 48 hours. As of September 6, the token is changing hands at $0.78, adding roughly 90% from August 2023 highs.  Amid this stellar performance, reports reveal that the Perpetual Protocol Foundation has transferred 903,000 PERP worth approximately $691,000 to Binance, the world's largest cryptocurrency exchange by trading volumes and client count. PERP Ripping Higher After Dumping In Q2 2023 According to Lookonchain, a blockchain analytic platform, the wallet associated with the foundation has been regularly moving tokens to Binance in the past few months, starting from March. At that time, PERP was trading at a relatively higher price, at around $1, looking at trackers like CoinMarketCap. Since then, however, the token has been on a downtrend.  To illustrate, after peaking at about $1.22 in early March, PERP tanked by over 65% to $0.38 in June. A marginal increase from July before prices contracted to around $0.40 in August, bouncing to spot rates in the past few trading sessions. Looking at the PERP/USDT candlestick arrangement in the daily chart, buyers have the upper hand after a clear double bottom was printed following gains in early September. Whether the uptrend will continue and PERP has effectively bottomed after a rough few months is yet to be seen. What's clear is that buyers appear to be in control, and PERP is trading at... read More



XRP Perp Open Interest Doubles: What Does This Mean for the Future of XR...

    XRP has been one of the most talked-about cryptocurrencies in recent months, with many investors and traders closely monitoring its price movements. According to recent data, the open interest in XRP Perpetual Futures has doubled, suggesting that traders are becoming increasingly bullish on the cryptocurrency's future. The increase in open interest comes as XRP's price has seen significant volatility in recent weeks, with the cryptocurrency experiencing both sharp gains and steep losses. Despite this, many in the cryptocurrency community remain optimistic about XRP's long-term prospects, with some predicting that it could reach new all-time highs in the coming months. According to analysts, the increase in open interest is a positive sign for XRP, as it suggests that traders are betting on the cryptocurrency's future growth. However, it's important to note that open interest alone is not a reliable indicator of future price movements, and there are still many unknowns that could impact XRP's price in the coming weeks and months. Despite the uncertainty, many in the cryptocurrency community remain bullish on XRP's future, with some pointing to the recent increase in open interest as a sign that the cryptocurrency could be poised for significant growth in the near future. As always, it's important for investors and traders to do their own research and exercise caution when investing in cryptocurrencies, as the market can be highly volatile and unpredictable. read More



Perp Traders Remain Quiet As Bitcoin Struggles To Hold $30,000

    Bitcoin has been struggling to hold on to the $30,000 level for the better part of this week, failing more often than not. While there have been various reactions from different parts of the market such as the ETFs, perpetual traders seem to have taken this as a sign to hold off on their activities. What this has led to is a continuation of the neutral or below-neutral funding rates that have been recorded in the past couple of weeks. Bitcoin Funding Rates Unmoved For the past few months, bitcoin funding rates have been tethering around the neutral and below neutral levels. This is interesting given that open interest in perpetual had surged to new all-time highs during this time.  Funding rates fall below neutral | Source: Arcane Research The 21 bitcoin funding rate intervals on the Binance and Bybit exchanges have been dominated by below-neutral funding rates. A total of 16 funding rates have been neural while 5 have been neutral funding rates. All this while, the perps have continued to trade at a reasonable discount to the spot. Leverage Still Surging Even though bitcoin funding rates have been straggling, it has not affected the performance of open interest (OI). OI had declined significantly in the previous week but last week saw BTC denominated open interest retrace its steps and add 41,000 BTC. This brought the total denominated OI to touch new all-time highs of 290,000BTC, beating the previous May 4th high of 282,000 BTC. Just a week after open interest had div... read More



Broader Market Celebrates Bitcoin Breakout, But What About Perp Traders?

    Bitcoin perpetual traders seem to be the only ones unmoved by the digital asset’s recent breakout. BTC which has had a tremendous rally during the first half of the week had been able to break out of the slump of the low $40,000s and moved on an upward trajectory above $47,500. However, perp traders have not reacted much to it given the state of the funding rates. Funding Rates Remain Flat The bitcoin perpetual traders are not reacting to the recent upside as expected. This is evidenced in the fact that the perp basis is still sitting at or even below neutral funding rates, marking the 115th consecutive day that this has remained the case. This speaks volumes to how perp traders are viewing the market. Regardless of the bitcoin price increase, they have not increased their activity in any significant way. BTC funding rates remain neutral amid price growth | Source: Arcane Research It could easily mean that perp traders are not convinced by the recent price movement. As with the previous uptrends recorded this year, it could mean that perp traders are expecting the digital asset to go the same way. Even going as far as falling below the neutral funding rate. This follows the trend for the year so far, given that there have been no positive funding rates recorded in 2022. The decline in funding rates can be attributed to long traders closing their positions, which have caused perpetual prices to either align or continue to trail behind spot prices. Bitcoin Open Interest ... read More



More Perpetual Protocol (#PERP) News

PERP vs INJ | A-Z | Topics | ISO 20022


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