A perpetual contract is a derivative similar to a futures contract but without an expiry date.
What Is Perpetual Contracts?
The major difference between futures and perpetual contracts is the expiration. Futures contracts are settled after a pre-set period, whereas perpetual contracts have no expiration or settlement date, meaning you can hold a contract for an indefinite amount of time.
Due to their ease of use and flexibility, perpetual contracts are the most traded instrument in the cryptocurrency space, with trillions of dollars in trading volume each day.
Yenwen Feng is a cryptocurrency and technology professional with vast experience as a CEO and co-founder of several startups. Since 2004, Yenwen founded Decore (Stripe Atlas for Crypto Companies), Cinch Network (Decentralized Derivatives), Cubie Messenger (Mobile Messenger, 500 Startups B5, 10M downloads), Gamelet, and Willmobile (Top mobile financial service app in Taiwan, acquired by Systex). Since 2019, Yenwen’s acted as CEO and co-founder of Perpetual Protocol, a decentralized perpetual contract protocol.
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