# 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 --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.perennial.finance/frequently-asked-questions/perennial.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.