No Summary provided as the original text is short
- Decentralized Perpetual Platform: A blockchain-based trading system that allows users to open perpetual futures contracts without a centralized intermediary.
- Leverage: The use of borrowed capital to increase potential returns, expressed as a ratio such as 100x, which amplifies both gains and losses.
- Perpetual Contract: A derivative that has no expiry date, allowing traders to maintain positions indefinitely while settling through funding rate mechanisms.