Perpl is a decentralized exchange for perpetual futures trading. It operates without off-chain matching engines or centralized points of failure. All transactions are processed on-chain, allowing for full verifiability.The platform uses a Central Limit Order Book (CLOB) model to support trading with a focus on capital efficiency and system composability. Perpl is designed to handle large trade volumes while maintaining decentralization and operational transparency.Liquidity and market efficiency are provided through the involvement of external market participants. The platform aims to support competitive pricing within its on-chain infrastructure.