I'm curious about how perps operate. Could someone explain the mechanisms behind their actions and what makes them tick? I want to understand the inner workings of a perp.
            
            
            
            
            
            
           
          
          
            5 answers
            
            
  
    
    ShintoMystic
    Sat Oct 26 2024
   
  
    Operating on Optimism's layer 2 blockchain, Perpetual Protocol ensures efficient and secure transactions.
  
  
 
            
            
  
    
    CherryBlossomDance
    Sat Oct 26 2024
   
  
    Users engaging in leveraged trades on Perpetual deposit their funds into a smart contract.
  
  
 
            
            
  
    
    Sofia
    Sat Oct 26 2024
   
  
    This smart contract is designed with pre-specified functionality, granting users complete control over their funds throughout the trading process.
  
  
 
            
            
  
    
    Michele
    Sat Oct 26 2024
   
  
    Perpetual Protocol stands as a pioneering platform in the decentralized finance space.
  
  
 
            
            
  
    
    Eleonora
    Sat Oct 26 2024
   
  
    It leverages the power of smart contracts to facilitate non-custodial trading.