Perpetual Protocol to Participate in Taipei Blockchain Week in Taipei
Perpetual Protocol is set to participate in the upcoming Taipei Blockchain Week taking place in Taipei from December 11th to December 16th. The week-long event will feature insightful panels, hackathons, and discussions that aim to shape the future of Web 3.
Refer to the official tweet by PERP:
Perpetual Protocol (✨🔴_🔴✨)@perpprotocolNov 27, 2023Fresh off the energy of DevConnect, we are ready for the next adventure at Taipei Blockchain Week! 🧋🇹🇼
Join us from Dec 11-16, 2023, for insightful panels, hackathons, and discussions shaping the future of Web 3
Learn more about @TaipeiWeek at: https://t.co/HKgOV8q8XO… pic.twitter.com/3JEW9DhTDt
PERP Info
Perpetual Protocol is a decentralized exchange that allows users to trade perpetual contracts on any asset with up to 10x leverage. The project is built on two main mechanisms — the virtual automated market maker (vAMM) and staking.
The virtual automated market maker (vAMM) is a key element of the protocol that enables the exchange to manage liquidity without traditional liquidity pools. Instead of relying on user liquidity deposits, vAMM uses virtual balance weights to manage trading parameters. This provides infinite liquidity, avoids funding shortages, and reduces the likelihood of unacceptable price slippage.
Staking-based rewards are another mechanism used in Perpetual Protocol. The mechanism allows users to stake PERP tokens to earn a portion of the trading fees on the exchange.
PERP is the native token of the Perpetual Protocol project, which serves governance functions, staking, and is used to ensure platform stability.