perpetual account tokenization
Perpetual Account Tokenization: How pTokens Work
Key Takeaways:Perpetual account tokenization wraps an active perpetual futures position — margin, PnL, and contract metadata — into a transferable ERC-20 or ERC-721 token, decoupling position ownership from the originating wallet address.pTokens are not synthetic assets or rebasing tokens: they are on-chain receipts that encode live position