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> perp It's incredible that 1) crypto "finance" is full of products whose name screams scam, and 3) a perp(etuity) is like a fixed-term annuity except it's sup
by lupire 4y ago
> perp
It's incredible that 1) crypto "finance" is full of products whose name screams scam, and 3) a perp(etuity) is like a fixed-term annuity except it's supposed to lay out forever, but no crypto perpetuity has been existence (and most have already failed) for longer than any annuity term.
- seanhunter 4y agoIn this case perp is short for “Perpetual Swap” (or “perpetual future” depending on the way the structure is set up) ie there is no expiry date. But yes. It could equally be short for “perpetrator” in this case in particular.