Perennial: The Crypto Derivatives Trading Platform

1. What is Perennial? An Exciting Crypto Derivatives Platform

Perennial is a decentralized crypto derivatives platform (Perpetual DEX) built on the Arbitrum network. It stands out as one of the most promising projects in the decentralized finance (DeFi) space, offering an optimized trading experience with low fees, minimal slippage, and high liquidity. With these features, Perennial is rapidly gaining attention from investors and users within the crypto community.

What makes Perennial unique is its use of the "Net Longs" mechanism, where liquidity from liquidity providers (LPs) is used to balance between long and short positions. This helps optimize capital efficiency and minimize transaction costs in crypto trading. Perennial’s system creates a transparent, secure, and promising trading environment for users.

2. Key Products of Perennial

Perennial offers a variety of products for users interested in crypto derivatives trading. First, the Markets product allows users to trade a wide range of assets, from popular crypto coins like Bitcoin (BTC) to traditional assets such as Japanese Yen (JPY) and Euro (EUR). With the "Net Longs" mechanism, Perennial ensures high liquidity and minimizes slippage across all transactions.

In addition, Perennial offers Vaults where users can provide liquidity to earn trading fees. Specifically, the Perennial Vault system is divided into two main types: ETH Vault for assets within the Ethereum ecosystem and BTC Vault for assets in the Bitcoin, Solana, and Polygon ecosystems. These tools are perfect for users looking to earn from providing liquidity to the platform.

3. The Founding Team and Airdrop Opportunities

Perennial was founded by individuals with extensive experience in both technology and finance. Arjun R, one of the founders, previously worked at major companies like Airbnb and Coinbase and was also the co-founder of Astro Wallet. Kevin Britz, another founder, is also a co-founder of Astro Wallet and has worked at Airbnb and Coinbase.

Currently, Perennial is running an airdrop program for users who engage in trading on the platform. This is an exciting opportunity for crypto enthusiasts to experience a decentralized trading platform. The more trading activity you have, the higher your chances of receiving an airdrop. This is a great chance to explore this advanced platform within the crypto community.