Perpetual Protocol is a decentralized protocol on Ethereum that enables perpetual futures trading with built-in insurance. It is the first protocol to offer both long and short positions with built-in insurance, meaning that traders can take both bullish and bearish positions without having to worry about the risk of liquidation.
The protocol is designed to be trustless, meaning that it does not require a centralized party to act as an intermediary or counterparty. This reduces the risk of counterparty default and allows for greater transparency and security.
Perpetual Protocol also features a built-in oracle system that allows for the price of assets to be determined by real-world market data, rather than by a centralized party. This reduces the risk of manipulation and ensures that traders are getting accurate prices.
Overall, Perpetual Protocol is a trustless, decentralized protocol on Ethereum that enables perpetual futures trading with built-in insurance. It is an innovative solution that offers many benefits over traditional centralized exchanges.