PerpsDAO is a decentralized perpetuals trading platform operating on 12 blockchains, including Arbitrum, Optimism, Base, Mantle, Ethereum, SEI, Morph, Sonic, Story, Abstract, BNB Smart Chain, and Solana. It allocates 93% of trading fees to buy back the \$PERPS token, distributing these tokens to active traders as rewards, while the remainder supports the treasury. The platform offers incentives such as volume-based rewards, airdrops, leaderboard bonuses, fee discounts for high-volume and staked traders, and a referral program granting 20% of fees and trading points from referred users.