Perpetual Protocol is a decentralized perpetual contract agreement that supports any asset, and is implemented through a virtual automated market maker (vAMM). Through the Perpetual Protocol, traders can trade directly through vAMM without the need for a counterparty.
Through vAMM, if an asset has its price data on the chain-perpetual data comes from Chainlink, Uniswap or other oracle machines-Perpetual Protocol can create it to create a perpetual contract belonging to the asset.
In the near future, anyone can create a new contract market on the platform and withdraw part of the transaction fee, just like the current liquidity provider on Uniswap.

PERP is the native utility token of the platform and serves two purposes:
Governance: Token holders can use their tokens to vote on the next asset to be listed, or to influence the protocol Direction of development.
Pledge: Token holders can stake their tokens on the platform and get staking rewards and some transaction fees. And staked tokens also have the right to protect the role of the market.