Proposal : Whitelist Perpetual Protocol (PERP)

This proposal has my support, but I’m not yet sure I can vote on it. Perpetual is a promising project, with many possibilities in many areas; I would very much like to explore these sometime. I’m not quite sure I fully understand it–the ‘Virtual AMM’ is really throwing me for a loop. If I’m reading the docs correctly, nothing is swapped and no liquidity providers are involved–so do the positions exist “on paper” only? How does that work? I feel a bit like I’m missing something; or is it really that simple?

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