Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Perpetual Protocol, and is trustworthy!
You can find our top 3 exchanges for buying Perpetual Protocol here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Perpetual Protocol
And of course, the final step is to find Perpetual Protocol on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Perpetual Protocol (PERP)
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How to Sell Perpetual Protocol
- Sign into the exchange
- Find where you stored your Perpetual Protocol, either on a hardware wallet or on the exchange.
- Transfer your Perpetual Protocol to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Perpetual Protocol.
Considerations when looking to buy Perpetual Protocol.
Perpetual Protocol (DEX) is a decentralized exchange for futures on Ethereum or xDai. Traders have the option to trade long or short and can leverage up to 10X on a growing list of assets such as BTC, ETH (DOT), SNX, YFI, YFI, SNX, SNX, YFI, and many others. Trading is not custodial. This means traders retain ownership of their assets and can trade on-chain. Perpetual Protocol uses a virtual automated marketplace maker (vAMM) to provide on-chain liquidity and predictable pricing based on constant product curves. Perpetual Protocol's vAMMs are fully collateralized and market-neutral.
Perpetual Protocol's vision is to be the best, most accessible and most secure decentralized derivatives trading system in the world. The company is committed to the "DeFi money Lego" philosophy by allowing other projects to build on Perpetual protocol and building on our DeFi projects. Perpetual Protocol has reached a number milestones on its roadmap. These include launching staking pool and implementing limit-and-stop orders. The company plans to expand to other chains and introduce leveraged tokens. It also wants to launch dynamic liquidity in its pools.
Perpetual Protocol's goal is to provide a platform for trading perpetual contracts that anyone can use. Users must be able trade with high liquidity and low slippage to achieve this goal. Perpetual Protocol addresses this problem by using its vAMM technology. Perpetual Protocol does not follow the traditional order book model for centralized exchanges. Instead, traders trade against virtual automated market makers, whose initial liquidity will be set by the operator.
As an example, let's say the operator increases the liquidity of the vAMM from 100 vETH up to 40,000 DAI. To go long on ETH, someone would deposit DAI and this would cause the price to rise. It also creates an incentive to short vETH if it is not in line with market prices. DAI would be used as collateral by traders who sell short on vETH. This would bring the price back to equilibrium. Liquidity swaps are unnecessary as the vAMM acts as a tally for all trades and finds an equilibrium over time. Perpetual Protocol trades are settled in USDC.
Traders can enjoy instant settlement and on-chain trading by using the vAMM model. Perpetual Protocol also supports gas-free deposits of over 500 USDC. This means traders can deposit with 0 ETH in wallets.