PERP: Perpetual Protocol: Liquidity for DeFi Perpetual Swaps

Quick Take Perpetual Protocol is a DeFi project focused on perpetual swaps. In August, the project raised $1.8 million from Multicoin Capital, Three Arrows Capital, CMS Holding, and Alameda Research Perpetual Protocol uses a "virtual AMM" for pricing trades, which allows for the protocol to quickly bootstrap liquidity for new markets Perpetual swaps are the most popular method for trading crypto (particularly among retail traders) but have not yet taken off in DeFi