$PERPS Economy
$PERPS will be the native token of Plasma Perps - it will be deflationary, offer staking rewards and will be usable as collateral on the perpetual dex.
Get Better Funding Rates With PERPS
On Plasma Perps, all leveraged positions require collateral. Traders can choose from USDT, USDC, XPL, or PERPS when opening longs or shorts. Traders who use PERPS as collateral enjoy lower funding rates on their leveraged positions.
PERPS Stakers Earn From Trading Fees
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Trading Fees
Most of the trading fees generated by PlasmaPerps will be used to buy back $PERPS and reward stakers.
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Staking Levels
There are up to 10 staking levels, and each level gives you a higher boost on your staking rewards. Your level increases based on two factors: how much $PERPS you stake and how long you keep it staked.
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Lockups & Rewards
PERPS will offer stakers with different staking pools. Each pool will have its own lockup period and reward rate.
Buy Backs and Burns
A portion of every trade on Plasma Perps is directed toward buying $PERPS from the open market and permanently burning it. This creates ongoing deflationary pressure, reducing the circulating supply as trading volume grows. The more activity on the platform, the larger the buybacks and burns — directly aligning the success of Plasma Perps with long-term token value.
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