Perpetual Protocol is a decentralized platform that allows users to trade perpetual contracts morePerpetual Protocol is a decentralized platform that allows users to trade perpetual contracts. This platform can provide various benefits such as reducing trading fees, improving liquidity, and enabling traders to use leverage, among others. Users can trade multiple assets, including cryptocurrencies, on this platform without relying on intermediaries, and can also earn incentives by providing liquidity to the platform. The PERP token serves as the native token of the protocol and is used for governance purposes, as well as to participate in the platform's ecosystem. In addition, the protocol's cross-chain functionality enables users to trade different cryptocurrencies, which can increase the platform's flexibility and appeal to investors. Overall, Perpetual Protocol can provide a more accessible, efficient, and transparent way for traders to participate in perpetual trading, while also enabling them to benefit from the platform's various incentives and features.
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