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$PRP is the native utility and governance token powering PrismPerp, a decentralized exchange engineered for non-directional derivatives. Designed to eliminate toxic liquidity skew, PrismPerp enables traders to isolate second-order market risks—including pure vega via the Crypto Volatility Index ($C-VIX) and cross-venue funding spreads via the Perpetual Funding-Rate Basis ($FR-BASIS)—using off-chain EIP-712 intent matching and on-chain batch settlement.$PRP underpins protocol governance, fee accrual, and dynamic risk-balancing mechanisms across the ecosystem.