March 2, 2021, 5:28AM EST
• 13 min read
An Overview of Perpetual Swaps in DeFi
- Since their initial launch in 2016, perpetual swaps have exploded in popularity.
- Protocols enabling perpetual swaps in DeFi have the potential to increase capital efficiency, improve market transparency, and enable permissionless market access.
- Providing adequate market depth and performance without compromising decentralization can be achieved through a variety of trade-offs which will be explored in this report.