Perpetual Protocol is a decentralized platform that enables users to trade perpetual contracts, which are financial instruments that allow trading on the future price of an asset without an expiration date. This means traders can hold their positions indefinitely, subject to the market’s conditions.The platform primarily focuses on providing leverage, allowing users to trade with borrowed funds to maximize potential profits. Perpetual Protocol utilizes an automated market maker (AMM) model, enabling liquidity providers to contribute funds and earn fees while traders execute their trades against these liquidity pools.Users can trade a variety of assets, including cryptocurrencies, with a unique feature of the protocol that includes a liquidity incentive structure to ensure sufficient market liquidity. The system relies on a specific mechanism for price oracles, which helps maintain accurate prices and reduce risks associated with volatility.Overall, Perpetual Protocol blends traditional trading strategies with decentralized finance, offering tools for both individual traders and liquidity providers while promoting user engagement and efficiency in the trading process.