Changelly announces the addition of another token to the platform offering users an opportunity to quickly and easily exchange PERP tokens at floating rates. Perpetual protocol empowers developers, liquidity providers, and traders to participate in a financial marketplace that is open and accessible to everyone.
The team claims that PERP is the first virtual AMM (vAMM), which enables markets with no makers while still guaranteeing on-chain liquidity. These maker-less markets lower the capital demands that traditional markets require and pave the way for new and emerging futures.
Perpetual Protocol’s Insurance Fund is guaranteed by the holders of its native token, $PERP. The Insurance Fund is used to cover any unexpected losses from leveraged trading. If the Insurance Fund is depleted, Perpetual Protocol will mint more $PERP to refill it and cover the losses.
$PERP holders can stake their assets in Perpetual Protocol’s staking pool for a fixed period of time. In return, stakers are rewarded with a percentage of the transaction fees accumulated across the protocol in addition to inflationary staking rewards.
About Perpetual Protocol
Perpetual Protocol enables trading a wide range of assets while offering short selling with up to 10x leverage. In addition, users can earn fees by providing liquidity or staking protocol tokens. All this can be done programmatically or via web3 interfaces. The project’s goal is to democratize powerful trading tools. Leveraged derivatives used to be the exclusive domain of centralized organizations and wealthy individuals. Perpetual Protocol lowers the barrier, making advanced trading tools available to everyone.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly exchanged within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly website: changelly.com
Changelly PRO website: pro.changelly.com