No Summary provided as the original text is short
- Perpetual Contracts (Perps): A type of futures contract in crypto trading that has no expiry date, allowing positions to be held indefinitely.
- Liquidity Engine: A system designed to aggregate and distribute liquidity across multiple trading venues to improve order execution and reduce market slippage.
- Slippage: The difference between the expected price of a trade and the actual execution price, often due to low liquidity or market volatility.