# Perpetual Protocol: Information technology & services, Taipei, Taiwan > Perpetual Protocol: Perpetual Protocol is a decentralized exchange (DEX) that specializes in perpetual contracts, allowing users to take leveraged positions... Source: https://millionrounds.com/startup/perpetual-protocol-2 (Millionrounds; every figure on the page links to its filing or article) Taiwan · [Information technology & services startup](https://millionrounds.com/companies) # Perpetual Protocol Perpetual Protocol is a decentralized exchange (DEX) that specializes in perpetual contracts, allowing users to take leveraged positions on the implied probabilities of real-world Email Funding reported Last round: Seed Information technology & services Taipei, Taiwan Follow Perpetual Protocol and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fstartup%2Fperpetual-protocol-2) Company summary - **Founded:** 2019 7 years old - **Team:** 8 1 to 10 people - **Funding reported:** 1.8M as listed, currency not stated - **Last round:** Seed Aug 2020 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Perpetual Protocol has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Perpetual Protocol Perpetual Protocol is a decentralized exchange (DEX) that specializes in perpetual contracts, allowing users to take leveraged positions on the implied probabilities of real-world events, such as elections, macroeconomic indicators, and sports outcomes. Built on Ethereum and xDai, the platform features a unique vAMM-based architecture that ensures high liquidity and low slippage for traders. The primary offering is a perpetual futures market where users can go long or short based on their predictions of event outcomes. The protocol employs an on-chain funding mechanism to maintain price alignment with the probabilities provided by its oracle. Perpetual Protocol also includes a native utility token, PERP, which facilitates governance and staking within the ecosystem. Targeting decentralized traders and developers, Perpetual Protocol provides a platform for trading without expiry constraints. Governance is managed through a community forum, allowing PERP token holders to participate in decision-making processes. Overall, Perpetual Protocol is advancing the concept of leveraged prediction markets by integrating real-world event probabilities into its trading framework. ## What company datasets say Perpetual Protocol raised Funding, as reported Reported in all **1.8M** in the source's currency Last round **Seed** Last round size **1.8M** Last round date **Aug 2020** ## On a portfolio page Investors who name them - [Blockchain Capital](https://millionrounds.com/fund/blockchain-capital) Each firm lists Perpetual Protocol on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for blockchain decentralized finance yield farming security passive income vaults smart contracts nekodex mobile app defi erc-4337 security audits account abstraction wallet information technology & services staking blockchain technology financial services nekovault yield vaults Built with from their website Google Tag Manager Twitter Analytics Google Workspace Viewport Meta Google Meet Twilio SendGrid Email Marketing Campaigns Google Font API Mobile Friendly Vercel Open Graph +8 more TypeScript Google Analytics GoDaddy Domains Google Analytics 4 Sendgrid Twitter Ads HSTS GoDaddy Hosting - **Sector:** Information technology & services - **Industry code:** NAICS 5231, 523210, 519290, SIC 6732 ## Information technology & services in Taiwan Startups like it - [**AsiaYo** founded 2013 *Raised*](https://millionrounds.com/company/asiayo) - [**BigGo** founded 2016 *Raised*](https://millionrounds.com/company/biggo) - [**NUWA Robotics** Taipei · founded 2016](https://millionrounds.com/startup/nuwa-robotics) - [**17LIVE Inc.** founded 2017](https://millionrounds.com/startup/17live-inc) - [**KKBOX** founded 1999](https://millionrounds.com/startup/kkbox) - [**Vpon AI Big Data Group** Tokyo · founded 2008](https://millionrounds.com/startup/vpon-ai-big-data-group) - [**CoolBitX** founded 2014](https://millionrounds.com/startup/coolbitx) - [**YajanTech** Tainan · founded 2015](https://millionrounds.com/startup/yajantech) ## Is this your company? Add your raise, your deck and your story, and put Perpetual Protocol in front of investors. Or tell us what we have wrong. [List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)