1/ Introducing the latest addition to Teller's long-tail of DeFi: $PERP.
$PERP powers @perpprotocol, a decentralized perpetual contract protocol for every asset, providing up to 10x leverage.
The future is here. 🧵
2/ With its Virtual AMM (vAMM), Perpetual Protocol offers unique mechanisms like k-factor and virtual balances to provide ample liquidity and minimize impermanent loss.
4/ $PERP, the native token, governs and incentivizes the protocol.
- Staking $PERP earns protocol fees
- Governance rights to shape the future
- And now, can be used as collateral on Teller
5/ Borrowers can now deposit $PERP on Teller and access perpetual loans (1, 3, 7, or 30 days):
- Over collateralized
- No liquidation risk
- Full upside retained
- Unlock capital, on demand
6/ With $PERP as collateral, you can unlock stablecoin liquidity for various opportunities.
- Participate in new token sales
- Deploy more capital into DeFi
- Liquidity provision
- Hedging or rebalancing
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