Perpetual Protocol is a decentralized cryptocurrency exchange that was launched in December 2020. The exchange is built on the Ethereum blockchain and allows users to trade perpetual swaps with up to 10x leverage. Perpetual swaps are a type of derivative contract that allows traders to speculate on the price of an underlying asset without actually owning it. The exchange is designed to be fast, secure, and transparent, with no central authority controlling the trading process.

The founders of Perpetual Protocol are a team of experienced blockchain developers and entrepreneurs. The CEO and co-founder of the exchange is Yenwen Feng, who previously worked as a software engineer at Google and co-founded a blockchain-based gaming platform called CryptoAssault. The other co-founders of the exchange are Dorjee Sun, who has experience in renewable energy and blockchain, and Alexis Gauba, who is a blockchain researcher and co-founder of the blockchain education platform she256.

Perpetual Protocol is based in Singapore, which is known for its friendly regulatory environment for cryptocurrency and blockchain startups. The exchange has already gained a significant following in the cryptocurrency community, with over $1 billion in trading volume in its first six months of operation. The exchange has also received backing from several prominent investors, including Alameda Research, Three Arrows Capital, and Framework Ventures. With its innovative approach to decentralized trading and experienced team of founders, Perpetual Protocol is poised to become a major player in the cryptocurrency exchange space.