Cryptocurrency Q&A How do perps work?

How do perps work?

AmyDavis AmyDavis Thu Oct 24 2024 | 5 answers 1163
I'm curious about how perps operate. Could someone explain the mechanisms behind their actions and what makes them tick? I want to understand the inner workings of a perp. How do perps work?

5 answers

ShintoMystic ShintoMystic Sat Oct 26 2024
Operating on Optimism's layer 2 blockchain, Perpetual Protocol ensures efficient and secure transactions.

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CherryBlossomDance CherryBlossomDance Sat Oct 26 2024
Users engaging in leveraged trades on Perpetual deposit their funds into a smart contract.

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Sofia Sofia Sat Oct 26 2024
This smart contract is designed with pre-specified functionality, granting users complete control over their funds throughout the trading process.

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Michele Michele Sat Oct 26 2024
Perpetual Protocol stands as a pioneering platform in the decentralized finance space.

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Eleonora Eleonora Sat Oct 26 2024
It leverages the power of smart contracts to facilitate non-custodial trading.

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