Read the original proposal on Discourse

Whitelist PERP

This Proposal is expected to appear in snapshot on Monday June 28, 2010

TLDR;

• Whitelist Perpetual Protocol (PERP)
• Default 20K Co-Investment
• Lucrative Consistent Volume, Large DEX Pools.
• There are no apparent Security Concerns.

Website : perp.fi

Contract Address : 0xbc396689893d065f41bc2c6ecbee5e0085233447

Token Security

Perpetual Has passed multiple audits swell as received investments from many top-tier groups which all do their own in-house audits. The PERP Token is primarily a ERC-20 utility token with governance and staking built in. Staking has a small lockup attached and a 6 Month Vesting on Rewards.

PERP is not an elastic supply token nor does it have a rebase mechanism.

Distribution : (Most Big Wallets are Top Tier Exchanges, as they were early investors.)

Project

Perpetual Protocol lets you trade a wide range of assets, including short selling up to 10x Leverage. By Daily Trading Volume PERP is the largest derivatives DEX. (Dune : https://duneanalytics.com/yenwen/perpetual-protocol_2)

From a economic perspective PERP’s ratios across SUSHI and UNIV2/V3 is exceptional and very consistent. Volume is around half of all liquidity for a 24HR period at all times with some days being even more exceptional. I think this token warrants a large co-investment to make us competitive but I would first like to see it Whitelisted and Enabled so that we don’t have a empty pool.

Perpetual Protocol Details

PERP Price	$4.99
Market Cap	$135,378,491
Market Cap Dominance	0.01%
Trading Volume	$21,428,430
Volume / Market Cap	0.1587
24h Low / 24h High	$4.84 / $5.57
7d Low / 7d High	$4.49 / $7.61
Market Cap Rank	#211

Community and Communication

Twitter

Telegram

discord.com

Dune Analytics : https://duneanalytics.com/yenwen/perpetual-protocol_2

Available Audits

PeckShield : https://github.com/peckshield/publications/blob/master/audit_reports/perpfi_audit_report_2020_46_en_1_0.pdf

Consensys : Ongoing.

Should also be noted that Perpetual has purchased coverage for all the protocols users from Nexus Mutual (NXM) and Unslashed Finance to cover users in the event of a smart contract bug or exploit. These entities do their own due diligence and in-house audits to determine wether to offer coverage and have deemed it safe enough to issue insurance. NXM is the same firm that offers coverage for Bancor’s Impermanent Loss Protection.