In this episode, we first talked about Yanwen’s brief history of entrepreneurship—why he wanted to make a decentralized perpetual contract, and the inspiration for his design. We dig into the product design of the perpetual protocol (especially its virtual automated market maker part). By discussing the choice of the Perpetual Protocol for the Layer 2 network, Yanwen also expressed some interesting thoughts on the Ethereum Layer 2 network at this stage. We also reviewed the well-received public fundraising of the perpetual contract on the Balancer