Near is a Proof-of-Stake blockchain, a decentralized development platform designed to provide an ideal environment for Daps, overcoming some of the limitations of competing systems (for example, low bandwidth, low speed and poor cross-compatibility). In addition, according to the creators, the application on Near can be launched in 5 minutes.

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NEAR Protocol

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Wrapped Near

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https://ref-finance.medium.com/the-future-of-defi-trading-on-near-unlocking-the-power-of-perps-37ed2b4c5994…

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It's true, @finance_ref is introducing Perpetual Contracts, or "Perps" for the cool kids in the know.