Gate.io Has Added Perpetual Protocol(PERP) Margin Trading&Lending
2021-03-25 07:27:01 UTC
Gate.io has added Perpetual Protocol(PERP) margin trading (PERP/USDT), allowing up to 3X leverage.
At the same time, margin lendin g and borrowing of the coin are available. You can lend your PERP to earn passive income (3.65%-365% APR).
Margin trading allow long and short positions and can facilitate price discovery as well as forming a more stable market. As a trader, you can borrow PERP to short it or borrow USDT to long it. For holders, you can lend your PERP to margin traders to earn interest on your holdings.
The Gate.io lending market is a peer to peer market where all the loans and borrowings are made between users. Gate.io does not participate in lending or borrowing.
PERP is Perpetual's native protocol token and is issued by Perpetual DAO.The PERP token is primarily a utility token designed to facilitate and incentivize the decentralized governance of the protocol. As such, holders of PERP tokens accrue voting rights proportional to their holdings.
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