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onealfa (76)in LeoFinance • 5 months ago

Perps

Heard a new word on AMA (new 2 me)

And had to ask AI , wtf this also means.
#ama #learning

5 months ago in LeoFinance by onealfa (76)

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luchyl (71) 5 months ago

Good it had a meaning related to Defi. 😂

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behiver (75) 5 months ago

Interesting... last time I used traitors, but preps sounds more soft.

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raxhi (57) 5 months ago

You're not alone!

First time I heard “perps” in DeFi, I thought someone got arrested

Glad AI cleared it up, perpetual contracts, not perpetrators!

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khantaimur (66) 5 months ago

In crypto, "perps" are like forever trades, you never have to settle them, just long or short till you're right... or rekt.

Glad you asked AI before jumping in blindly!

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shebe (64) 5 months ago

Superb AI, it makes me laught.

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