Perpetual Protocol: Liquidity for DeFi Perpetual Swaps
Quick Take
- Perpetual Protocol is a DeFi project focused on perpetual swaps. In August, the project raised $1.8 million from Multicoin Capital, Three Arrows Capital, CMS Holding, and Alameda Research
- Perpetual Protocol uses a “virtual AMM” for pricing trades, which allows for the protocol to quickly bootstrap liquidity for new markets
- Perpetual swaps are the most popular method for trading crypto (particularly among retail traders) but have not yet taken off in DeFi
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Author: Mika Honkasalo
