Tokenomics DAO Podcast
Tokenomics Community Talk: Perpetual (PERP)

Tokenomics Community Talk: Perpetual (PERP)

During this Community Talk, @arielfliete walks us through the workings of the Perpetual exchange and the PERP-Token with special guest @JHolme5 from We invite you to follow the presentation as the community dives deeper into the following talking points:

What is Perpetual?

  • Decentralized Exchange (DEX) - users have self-custody over assets

  • Perpetual futures (no expiration) & up to 10x leverage

  • Builder-ready composability - other protocols can build on top of the exchange (e.g., structured products, add exchange to metaverse)


  • PERP is the governance token

  • Perpetual supports USDC, FRAX, ETH and OP as collateral

  • The clearing house smart contract manages trading and LPing via virtual tokens

  • PERP holders lock tokens and receive vePERP, which enables them to receive rewards


  • Implemented the voting escrow (vePERP)

  • vePERP improves governance by granting extra voting power to long-term ho

  • vePERP holders can earn referral rewards and 10% of protocol fees (in PERP)

  • Protocol fees will be distributed to users in USDC in the future to improve yield quality

  • Perpetual will increase vePERP utility by requiring it to distribute LP rewards

Value Creation:

  • Liquidity / financial products

  • Market making

  • Composability

  • Deployed on Optimism

  • Uniswap V3 liquidity pools

Value Capture:

  • Trading fees (0.1%)

  • Fees accrue to traders / LPs

  • USDC yield switch


  • Published article -

Tokenomics Newsletter
Tokenomics 101: Perpetual Protocol (PERP)
Introduction Perpetual protocol is a decentralized exchange (DEX) for perpetual futures and leveraged trading. Before getting into more details on the protocol itself, I’ll give a brief introduction on the history and purpose of the futures market. Feel free to skip to the next section if you’re familiar with futures; otherwise, bear with me on this financial ride…
Read more
  • Twitter thread -

Watch this episode on YouTube:


Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This recording is not tax advice. Talk to your accountant. Do your own research. None of this is legal advice. This community talk is strictly educational. Talk to your lawyer.

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Tokenomics DAO Podcast
Tokenomics DAO is a place to explore and collaborate on tokenomics of web3 protocols and blockchain applications. This podcast is one more way we make tokenomics accessible to anyone with an interest in the subject.