Perpetual Protocol
Democratizing perpetual futures on-chain
Founded 2019 · $1.8M raised
- Employees
- 11–50
- Founded
- 2019
- Business Model
- Marketplace
- Website
- perp.exchange
- Total Funding
- $1.8M
- Last Round
- $1.8M SeedAug 2020
- Rounds
- 1
About
Perpetual Protocol is a decentralized exchange (DEX) specializing in perpetual futures contracts, built on Ethereum and Optimism Layer 2. Founded in 2019 in Taiwan by co-founders Yenwen Feng and Shao-Kang Lee, the protocol launched in December 2020 and became one of the leading on-chain perpetuals venues. It uses a virtual automated market maker (vAMM) model enabling traders to take leveraged positions on cryptocurrency pairs without traditional intermediaries, collateralized in USDC. Version 2 (Curie) introduced concentrated liquidity for derivatives. The protocol's native governance token is PERP. Note: perp.exchange wound down v2 operations in early 2025; users were advised to withdraw by January 2025.
Summary
Perpetual Protocol is a Crypto & Web3 company, founded in 2019. It has raised $1.8M in total across 1 round, most recently a $1.8M Seed round in Aug 2020. Investors include Hack VC, Zee Prime Capital and Cms Holdings.
Funding History
Aug 2020
Investors
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