Decentralised Perpetual Exchange, Perp88, Debuts on Polygon Chain

Perp88 is the latest decentralized perpetual exchange. polygon networkWe aim to be the premier destination for perpetual commodities.Here we offer Fintech Times Special promotions for reader information and referral programs.

At launch, the platform will offer users the following features:

Leveraged perpetual trading: Users can leverage their favorite crypto assets up to 88x with zero percent spreads.trade now here.

Zero Percent Price Impact Swap: Through Perp88, users can trade assets with zero percent price impact regardless of trade size.Redeem Now here.

Market making by PLP funds: User owns assets PLP fund (Perp88 Liquidity Pool Fund) serves as market-making liquidity for Perp88’s traders. Depositors of PLP funds receive profits from counter trades and a majority of USDC’s protocol revenue.Deposit Now here.

Referral program: Users can refer their friends to Perp88 through our referral program. Referred users receive discounts on fees and referrers receive rebates from fees generated by referred users.Browse now here.

competitive advantage

These are the core features of Perp88 at release, but the team has Roadmap We release additional improvements and features to help them achieve their aspirations.

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Decentralized perpetual exchanges have gained a lot of attention in recent months as they allow users to generate economic profits in all market conditions. Perp88 is no exception and boasts several key competitive advantages over other decentralized perpetual exchanges.

Best economy for users: One of Perp88’s goals is to develop products that maximize the economic benefits of its users. To help the team achieve its goals, Perp88 seeks to return the maximum value to its users, regardless of how they participate in the platform:

1. 1. leveraged trader: Perp88 has a transaction fee of only 0.09%. Combine this with the referral program and the fee can drop as low as 0.079%.
   2. Market Maker (PLP Depositor): Market Makers (MM) receive 100% of counter trading profits. The platform allocates over 85% of protocol revenue to MM. For reference, current market leaders only allocate 70% of their revenue to MM.
   3. Referrer: The top tier of our referral program returns more than 50% of the fees generated by referrals to program participants, while imposing lower participation requirements than other platforms.detail here.

LP protection: Perp88 has multiple mechanisms in place to ensure market makers/depositors are safe from exploits and undue risk.Learn more about safety mechanisms here here.

Trading function

Perp88 focuses on building comprehensive leveraged trading capabilities. Key components that distinguish Perp88’s trading products include:

1. High leverage: Perp88 supports up to 88x leverage. This allows highly-convinced users to take advantage of the market’s view to maximize their economic returns.
2. Fully decentralized: Funds are always under the control of the user and governed by smart contracts. No one else has access or storage of your funds. Therefore, you can trade with confidence without any risk to the counterparty.
3. Zero Percent Spread: Perp88 can offer zero percent spreads when opening/closing leveraged positions. Leveraged traders on the Perp88 platform can enter and exit positions at specific prices with sizes.
4. High Liquidation Threshold: Perp88 has set the liquidation threshold for leveraged positions at 99%. This means that the position owner will only be liquidated if the losses and fees incurred on the position reach his 99% of the position collateral. Setting the liquidation threshold to 99% greatly reduces the chances of a position holder being liquidated, especially in volatile market conditions.
5. No profit limits: Perp88 places no limits on traders’ profits. You receive all the potential upside from your trades and no positions are closed or capped simply because they are “too right”.
6. User-focused UI/UX: Perp88 offers users a simple UI while also offering features such as advanced order types and sub-account support, creating a simple yet highly functional trading experience.

Token airdrop for early adopters

Perp88 is running without a governance token. The rationale behind this decision by the team is to focus on the market suitability of the product without worrying about the price of the token.

That said, a token launch is definitely in the plans if the team decides the product has enough traction. We plan to allocate an undisclosed amount of governance tokens. Details will be announced at a later date.

Security is Perp88’s top priority

Perp88 has been audited Inspexis a blockchain security audit firm with an excellent track record of auditing various major DeFi protocols. Additionally, the team is setting up a formal bug bounty program as another layer of security. More information on protocol security can be found here. here.

Special deals for The Fintech Times readers

Perp88 offers its customers the highest level of discount (12.5%) from their referral program.Enter the code “FinTechTimes” on the introduction page here Enable code when using Perp88.