01Definition
Leveraged derivative contracts without a fixed expiry, anchored to spot through funding and liquidation mechanisms.
02Context
Leveraged derivative contracts without a fixed expiry, anchored to spot through funding and liquidation mechanisms. This coordinate is placed in the wider system through its protocol, economic and historical relationships.
03Why it matters
Understanding Perpetual futures helps distinguish a verifiable Bitcoin mechanism or historical record from slogans, products and market narratives.
⌖Reference points
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Linked to related atlas coordinates
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Grounded in a source record
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Explains function and trade-offs
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Part of the open Bitcoin knowledge graph