Perpetual Protocol

Perpetual contracts are derivative contracts similar to futures that have no expiration date or settlement , allowing them to be held or traded for an indefinite amount of time. … Unlike futures, perpetual contracts trade close to the index price of the underlying asset due to perpetual funding rates.

The DEFI/USDT Composite Index perpetual contract is a USDT-margined futures contract that uses USDT as collateral . Users will be able to select between 1-50x leverage. Please note: “DEFI” is a ticker representing “Decentralized Finance” and not the ticker of a separate token.

For instance, our BTC 0925 is a quarterly futures contract that will expire 3 months upon the date of issuance. On the other hand, perpetual futures contracts, as the name suggests, do not have an expiration date .

What is a perpetual futures contract? A perpetual contract is a special type of futures contract, but unlike the traditional form of futures, it doesn’t have an expiry date. So one can hold a position for as long as they like .