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Decentralized Perpetual Exchanges
Decentralized Perpetual Exchanges (Perp DEXs) are blockchain-based platforms that enable users to trade perpetual futures contracts directly on-chain without intermediaries. Unlike traditional futures, perpetual contracts have no expiration date and rely on funding rates to maintain alignment with underlying spot prices. These exchanges offer traders transparent pricing, self-custody of assets, and direct risk management, contrasting centralized platforms that control funds and settlement processes off-chain