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Perpetual Contract Primitive

Definition

A perpetual contract primitive is a fundamental building block for perpetual futures contracts in decentralized finance. This refers to a foundational smart contract component or core logic that enables the creation and operation of perpetual futures contracts within a decentralized finance environment. These primitives allow users to trade derivatives that do not expire, closely tracking the underlying asset’s spot price through funding rate mechanisms. They serve as essential infrastructure for advanced decentralized trading platforms.