Perpetual Protocol, known as PERP, operates as a decentralized trading platform that is built on Ethereum and xDai. By leveraging the automated market maker (AMM) algorithm, PERP enables traders to engage directly with AMMs without the need for traditional counter-parties. AMMs offer a reliable pricing mechanism and ensure on-chain liquidity through their unique algorithm. These AMMs are designed to remain impartial and fully collateralized within the market. Holders of PERP tokens can take advantage of staking opportunities, which reward them with a share of transaction fees in stable cryptocurrencies or PERP tokens. Stay informed on the latest financial and business updates by visiting COINTURK FINANCE.
