What is Perpetual Protocol crypto?
Can you explain what Perpetual Protocol crypto is and what sets it apart from other decentralized finance (DeFi) platforms? I'm particularly interested in how it aims to address the limitations of traditional futures trading and provide a more efficient and secure way for traders to access perpetual swaps. Also, how does it utilize smart contracts and the Solana blockchain to achieve its goals?
What is a perpetual swap in crypto?
In the world of cryptocurrency trading, I often encounter the term "perpetual swap" but am somewhat uncertain of its exact meaning and functionality. Could you elaborate on what a perpetual swap actually is? I understand it has some relation to futures trading but I'm curious about its unique features and how it differs from traditional swaps or futures contracts. I'm also interested in knowing if perpetual swaps are widely used in the crypto market and what kind of traders tend to utilize them. Your insights would be greatly appreciated.