Whitelist PERP
This Proposal is expected to appear in snapshot on Monday June 28, 2010
TLDR;
- Whitelist Perpetual Protocol (PERP)
- Default 20K Co-Investment
- Lucrative Consistent Volume, Large DEX Pools.
- There are no apparent Security Concerns.
Website : perp.fi
Contract Address : 0xbc396689893d065f41bc2c6ecbee5e0085233447
Token Security
Perpetual Has passed multiple audits swell as received investments from many top-tier groups which all do their own in-house audits. The PERP Token is primarily a ERC-20 utility token with governance and staking built in. Staking has a small lockup attached and a 6 Month Vesting on Rewards.
PERP is not an elastic supply token nor does it have a rebase mechanism.
Distribution : (Most Big Wallets are Top Tier Exchanges, as they were early investors.)
Project
Perpetual Protocol lets you trade a wide range of assets, including short selling up to 10x Leverage. By Daily Trading Volume PERP is the largest derivatives DEX. (Dune : Dune Analytics)
From a economic perspective PERP’s ratios across SUSHI and UNIV2/V3 is exceptional and very consistent. Volume is around half of all liquidity for a 24HR period at all times with some days being even more exceptional. I think this token warrants a large co-investment to make us competitive but I would first like to see it Whitelisted and Enabled so that we don’t have a empty pool.
Perpetual Protocol Details
| PERP Price | $4.99 |
|---|---|
| Market Cap | $135,378,491 |
| Market Cap Dominance | 0.01% |
| Trading Volume | $21,428,430 |
| Volume / Market Cap | 0.1587 |
| 24h Low / 24h High | $4.84 / $5.57 |
| 7d Low / 7d High | $4.49 / $7.61 |
| Market Cap Rank | #211 |
Community and Communication
Dune Analytics : Dune Analytics
Available Audits
PeckShield : publications/perpfi_audit_report_2020_46_en_1_0.pdf at master · peckshield/publications · GitHub
Consensys : Ongoing.
Should also be noted that Perpetual has purchased coverage for all the protocols users from Nexus Mutual (NXM) and Unslashed Finance to cover users in the event of a smart contract bug or exploit. These entities do their own due diligence and in-house audits to determine wether to offer coverage and have deemed it safe enough to issue insurance. NXM is the same firm that offers coverage for Bancor’s Impermanent Loss Protection.