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Mr sandbags can you explain what a perp is

and why is useful in a simple way?

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perps are like spot markets but you can use crypto as margin to leverage your trades, either long (buy) or short (sell)

Pali-(Injective memes) 🥷 Автор вопроса
Barry Sandbags
perps are like spot markets but you can use crypto...

Thanks, do they hold roughly the same price as the spot market?

Pali (Injective memes) 🥷
Thanks, do they hold roughly the same price as th...

Yes, thats why we have oracles - to follow the live price

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