In general, you can turn a future into a perp by having, by default, positions roll at the market price prior to expiration.
Super cool!
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i've been working on a new financial product: everlasting options
perps give traders never-ending futures exposure without the effort, risk, or cost of rolling
now, we can do the same for options... and @SBF_Alameda and I have a simple pricing model
paradigm.xyz/2021/05/everla
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