Perpetual Protocol

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<p class="MuiTypography-root jSS2541 MuiTypography-body2 MuiTypography- Paragraph "> The Perpetual protocol is a decentralized protocol, Perpetual contract for each asset trade backed by a virtual automated market maker (vAMM). The project aims to create new financial instruments by democratising derivatives on futures and other crypto assets. </p>
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<p class="MuiTypography-root jss2541 MuiTypography-body2 MuiTypography-paragraph">Perpetual protocol, formerly known as Strike, It was created in 2019 inspired by emerging DeFi protocols like Synthetix and Uniswap. The team attempted to combine the best of these protocols to create a decentralized, perpetual-contract trading protocol on Ethereum. Due to its virtual AMM (vAMM) design, the protocol is able to support 20x leverage, short positions and lower slip points compared to other AMMs. </p>
<p class="MuiTypography-root jSS2541 MuiTypography-body2 MuiTypography- Paragraph "> Unlike well-known automated market makers used for token exchange and price discovery, VAMM is only used for price discovery to deal with leverage and short positions. Similar to Uniswap, traders can trade with vAMM without a central authority and aim to remain market neutral and fully collateralized. </p>
<p class="MuiTypography-root jss2541 MuiTypography-body2 MuiTypography- Paragraph ">PERP is the erC-20 native token of the protocol. PERP tokens allow community members to manage agreements and pledge their tokens to a pledge pool for a fixed period of time. In return, the holder receives a pledge reward, which includes a reward for PERP and transaction fees. </p>
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Ethereum，Solana，Arbi，Optimism，BSC

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Bullbit PERP DEX Taps XBIT to Accelerate Decentralized Trading

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1. API Usage Responsibility: The individual operator acknowledges and confirms that binding the trading API is for executing contract trades. All transactions executed via the API are independent of the order recipient’s decisions, and the order recipient assumes full responsibility for the trading results.

2. Security: The order recipient is responsible for safeguarding their API key. Unauthorized access or use may result in financial loss. Brokers must immediately notify the platform in writing of any unauthorized use.

3. Trading Risks: Using the trading API involves market risks, including but not limited to price fluctuations and slippage. Leaders should independently assess market risks. Individual members should also independently assess market risks, and the platform bears no responsibility for losses caused by market fluctuations.

4. Technical Issues: The use of the trading API may be affected by technical issues, including but not limited to system failures and network interruptions. The platform is not responsible for losses resulting from technical issues.

5. API Key Protection: The order recipient must properly safeguard their API key and not share it with any third party. Any loss caused by the leakage of the API key shall be borne by the order recipient.

6. Compliance: Leaders using the API must comply with all applicable laws and regulations. Violations may result in the termination of the order recipient’s qualification.

7. API Privileges: Leaders acknowledge and agree that the privileges granted by API binding will allow contract trading execution. The platform is not responsible for losses caused by the improper use of API privileges.

8. Disclaimer Changes: The platform reserves the right to modify the disclaimer at any time. Changes will be notified by the platform. By continuing to use the API, the order recipient agrees to any modifications to the disclaimer.

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