# Perennial ## What is Perennial Finance? **Protocol:** Perennial is a DeFi-native derivatives primitive that allows for the creation of two-sided markets that trade exposure to an underlying price feed in a capital efficient manner. **App:** Perennial.finance is one of the frontends for the Perennial protocol. ## How is Perennial different from other derivative protocols? Perennial features a number of design decisions to keep it simple, modular and capital efficient: * **USD Collateral** - Trades settled in USD, not volatile cryptocurrencies, this simplifies the protocol mechanism and improves resilience. * **High Leverage** - Positions up to 50x are possible with the Perennial protocol. * **Position Netting** - Trades are matched against each other to ensure the protocol is capital efficient & that maker positions can cover larger trades. * **Maker Vaults -** Makers can LP directly with the protocol or use a Vault. This simplifies LP for users unfamiliar with providing liquidity. * **Permissionless** — Permissionless market creation, integration, and composability. ## Does Perennial charge a platform fee? Perennial has the option to apply a protocol level fee. However, at the moment the fee is 0 and there are no plans to increase it in the foreseeable future. ## Does Perennial have plans for a token? At this time, Perennial doesn't have plans to release a token. ## How can I contact the Perennial team? You can message a team member on the Perennial [Discord server](https://discord.com/invite/n6ejatX5Rw) or email