Business
In this episode, Bobby Ong, co-founder of CoinGecko is joined by Yenwen Feng, Co-Founder at Perpetual Protocol. Bobby interviewed Yenwen on the background of Perpetual Protocol, changes on Perpetual Protocol V2, as well as Perpetual Protocol’s upcoming plans for 2021.[00:01:20] Intro[00:02:07] What does Perpetual Protocol do?[00:05:13] Difference between Perpetual Protocol V1 and Perpetual Protocol V2[00:13:42] Changes in Perpetual Protocol V2[00:18:46] Maximum leverage one can trade on Perpetual Protocol V2[00:21:49] What happens when users get liquidated on Perpetual Protocol?[00:27:15] Why Perpetual Protocol chose xDAI for V1 and Arbitrum for V2?[00:30:06] Trading fees distribution for PERP token holders[00:33:47] Upcoming plans for Perpetual Protocol[00:36:29] Can decentralized derivative platforms compete with centralized derivative platforms?Quotes from the episode:“We actually kind of have a discussion within the Perpetual Protocol community, that we want to increase it to like 15X or like 20X. But actually the community doesn't want that. They feel that people can just rug.” [00:19:14]“If you want to do 10X, you have to make sure, so our max leverage is 10X. But we do have a buffer, so the max you can go is like 16X. But once you go over that, we will start liquidating your position. We have partial liquidation, so we will take over one fourth.” [00:23:00]“I think for V2, we talk about wanting to swap out the x*y=k and then use Uni V3, that's definitely one thing. And then we also want to implement other things like cross margin.” [00:34:03]Watch the Podcast on YouTubeLinksPerpetual Protocol - https://perp.exchange/CoinGecko - https://www.coingecko.com/Perpetual Protocol (PERP) on CoinGecko -https://www.coingecko.com/en/coins/perpetual-protocolSocial MediaPerpetual Protocol:https://twitter.com/perpprotocolhttps://t.me/perpetualprotocolCoinGecko:https://twitter.com/coingeckohttps://t.me/coingecko