What is perpetual token?

The Perpetual Protocol (PERP) token holds a unique position within the Perpetual Protocol ecosystem. As a native cryptocurrency, it serves multiple critical functions, contributing to the overall functionality and growth of the platform.

One of the primary uses of the PERP token is in earning rewards. This feature incentivizes token holders to participate actively in the ecosystem. By locking their PERP tokens in a smart contract, users can generate rewards, which are paid out in USDC, a stablecoin widely used in the cryptocurrency market.

Locking PERP tokens in smart contracts not only benefits individual token holders but also supports the overall health and stability of the Perpetual Protocol platform. The mechanism encourages long-term commitment and engagement from the community, which is crucial for the continuous development and growth of the ecosystem.

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