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Perpetual Protocol crosses $500K open curiosity cap amid BTC all-time excessive By Cointelegraph

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Perpetual Protocol crosses $500K open curiosity cap amid BTC all-time excessive

Perpetual Protocol, a brand new DeFi derivatives trade, revealed that the platform had already crossed its $500,000 open curiosity (OI) cap for decentralized perpetual contracts. The announcement is coming lower than 24 hours after the mainnet launch of the service on Wednesday.

Following the achievement, the venture has determined to double its OI restrict to $1 million in addition to the private place cap for (BTC) and Ether (ETH) buying and selling pairs. The restrict was launched to restrict doable losses within the early days of the protocol’s launch. The announcement is one more crypto derivatives milestone attained with BTC Futures OI and Bitcoin choices buying and selling quantity reaching new heights on Wednesday.