Perpetual Exchange ProtocolЦіна

(PERC)

PERC (Perpetual Exchange Protocol) is a Solana-native project utilising a high-performance 'slab' architecture specifically optimised for the Solana blockchain. In contrast, PERP (Perpetual Protocol) is an older project based on Ethereum and Optimism that uses a virtual Automated Market Maker (vAMM) model. While they share similar names, PERC is built to leverage Solana’s unique speed and lower latency for high-performance perpetual contract trading.

Slabs are a unique technical feature of PERC consisting of 10MB dedicated memory blocks assigned to each liquidity provider. These blocks store order book data and execution logic. By using this architecture, the protocol can manage liquidity and execute trades with extreme efficiency, reducing congestion and ensuring high-speed processing for decentralised perpetual contracts on the Solana network.

The Reserve-Commit mechanism is a two-phase process designed to prevent price manipulation and front-running. Traders first 'reserve' liquidity at a specific price, and once confirmed, they 'commit' the trade. This adds a layer of security that protects users from Maximal Extractable Value (MEV) exploits, ensuring a fairer trading environment without significantly impacting the overall execution speed for the user.

The PERC token is central to the protocol's ecosystem with a total supply of approximately 1 billion tokens. Holders can stake their tokens to earn a share of the protocol's trading fees. Additionally, the token provides governance rights, allowing the community to vote on critical updates such as new market listings or adjustments to the fee structure, ensuring a decentralised development path.

PERC tokens can be traded on LBank and other major Solana-supported platforms. To manage risk, the protocol includes an 'Insurance Fund' designed to protect the system during extreme market volatility or 'black swan' liquidation events. While the project is a fork of the 'Percolator' code by Solana's co-founder, users should always perform due diligence regarding the inherent risks of high-leverage decentralised trading.

PERC is an enhanced, production-ready fork of 'Percolator,' an open-source project originally developed by Solana co-founder Anatoly Yakovenko. While the original code served as a foundational proof-of-concept for perpetuals on Solana, the PERC team modified and improved the protocol to include features like the Slab architecture and modular router logic, making it suitable for live, high-speed decentralised exchange operations.