Perpy hosted its February community on Discord, and as always, it was packed with alpha, especially with revealing the 2024 Roadmap 🔥

This article summarizes the topics shared during this call. Let’s jump right in!

December & January activity recap

Since our last community call, held in early December, we’ve pushed a lot of updates! Here are the major ones:

• GMX V2 support for deeper liquidity and better trade execution

• Two new Buy Back & Burn mechanisms push this program up to six burning mechanisms

• A lot of Front end & dApp UI/UX improvements

• Enhanced trading experience

• Protocol Statistics Page

• Trading Competition completion

• Meme Contest completion

Behind the scenes, we’ve worked a lot on the 2024 roadmap, taking into account the state of the overall ecosystem and trends. The long-term vision of being the Hub of SociaFi didn’t change as we’re doubling down on the differentiators which will make us stronger and the go-to platform for SocialFi.

We’ve announced two new Buy Back & Burn programs:

• 🆕 Upfront tax (0.5% tax on collat size to buyback and burn $PRY)

• 🆕 Featured Vaults (burn $PRY to promote your vault)

As a reminder, you’ll find below the programs already announced in 2023:

• Liquid staking withdrawal (0.5% $PRY exit fee burned)

• Locked staking early withdrawal ($PRY exit penalty burned)

• Management fees (protocol 50% cut used to buyback and burn $PRY)

• Performance fees (protocol 20% on traders' performance fees to buyback $PRY → 90% for stakers, 10% burned)

Our mission is to provide the best trading experience for Traders, aka the Vault Managers, on the Trading Engine. Going toward that vision, we’ve pushed an extended list of updates:

• Switch between your different Vaults directly from the trading engine

• Visualize your investors’ deposits waiting if you have open positions

• Visualize your Fee discount level directly on the Trading Engine

• Monitor your Buying Power, Average Leverage and Free Collateral metrics without leaving the Trading Engine

• Clarification on the Gross/Net PnL, including all GMX fees for making informed decisions

• Trade with your partners in a single vault with the Multi-managers feature

In comparison to the last community call, Perpy saw its volume jump by 353% in the last two months, with an average of $1.5M of Trading volume. Promising!

It’s worth noting that 0.285% of the $PRY supply was already burned.

Where are we heading?

Before going into the 2024 roadmap reveal, it’s important to explain where Perpy is heading and what are the focus areas. The Perpetual DEXes market is saturated with major actors competing to attract Traders with large incentive programs, points-based systems and intensive marketing campaigns. We’ve decided to shift our focus to doubling down on building the Social layer and the other SocialFi verticals, which these protocols don’t have to grab market shares and fulfil our long-term vision of being the Home of SocialFi.

We will still integrate Gains Network as planned, adding 130+ pairs and providing the best UX for Vault Managers. In parallel, offering a different Spot Trading experience along with a strong social layer with new verticals to integrate will give us an edge to target Degens, Trading DAOs, Alpha groups, NFT traders, you name it… so they can make Perpy their new home!

This is a good segway to introduce our upcoming Landing Page (early March), where we will communicate clearly this unique value proposition:

This is a work in progress, and you may already understand where we’re going for the coming months…

2024 Roadmap 🚀

If you’ve made it here, congrats (or maybe you’ve just scrolled down, that’s fine). It’s time to reveal and explain what we have in store for 2024!

Alright, every quarter will have a major integration, adding more fuel to Perpy’s SocialFi rocket.

• Q1: Spot Trading

• Q2: Gains Network

• Q3: New vertical - asset class (to be revealed)

• Q4: New vertical - asset class (to be revealed)

In Q1, two major releases are being introduced: Spot Trading and Social Layer. These are the missing pieces to the Social Fi engine, focusing on attracting the rightful users of our ecosystem: Degens, Trading DAOs, and Alpha & Private investor groups. More information to come in future articles 😎

By also releasing Account Abstraction and FIAT On-ramp solutions, we’ll remove user friction and drastically improve the experience on the dApp.

Q2 is packed with Gains Network integration, adding 130+ pairs for leverage Traders, as well as Options support to hedge your positions, for example, with Lyra. But that’s not all. Metavault, a new way to diversify your investments amongst the best-performing vaults by investing in a single vault, will be a major milestone.

This will finally be the time to put our foot on the Marketing gas 🔥 through different initiatives which are already in the pipeline waiting to be kickstarted!

To add some fuel to the fire, vault gamification (to be revealed later) and a Social Layer upgrade to introduce more neat features for the communities will be pushed!

Q3 is introducing NFT trading and [redacted] integrations, adding two more verticals to the home of SocialFi, Perpy. This will attract a new wave of users loving these asset classes while we sail to another chain expansion in the meantime to bring another wave of users to their new home!

Of course, these new adventures will come with more vault gamification features and more marketing incentives 💰

Finally, Q4 will see the last 2024 vertical [redacted] be added, completing the Home of SocialFi and our mid-term vision of Perpy. It will be the time to prepare the 2025 roadmap to surprise you even more…

Quick Look at Spot Trading & Social Layer

We’ll release more in-depth articles about Spot Trading and Perpy’s social features, but we couldn’t resist showcasing some of the most bullish differentiators.

When we architectured the Spot Trading feature, we couldn’t settle on a simple Spot approach. We’ve decided to go full permissionless, providing degens the same experience they would have on any DEX out there. Why limit spot trading to only long-tailed assets when your vault manager can make ROI on low and mid-caps?

That’s why we will support Ethereum Mainnet vaults on top of Arbitrum and BNB chain. That’s not all. Vault managers will have access to analysis tools, alpha signals, and more to feel at home without switching between multiple dApps to make informed decisions.

The first social layer version will include basic features, laying the foundation of the Socials on Perpy. Users on the dApp will see a General Feed, aggregating all activity across public communities and the vaults.

On the community side, when a vault is created, a public community will go along with two separate feeds:

• One for Vault Activity and Announcements from the vault manager

• Another one where every community member can interact

Then, the vault manager has the possibility to create or make his vault community private with gated access like:

• NFT from a specific collection

• Minimum Deposit in a vault

• One-time fee access

• And more to come

This is just a high-level overview of the upcoming Social layer on Perpy 👀

Closing thoughts

As we’re moving towards 2024, all the missing parts of SocialFi are coming together to create our “All-in-one SocialFi Crypto App”; we couldn’t be more excited about it!

We’re relentlessly building the last pieces to offer the best SocialFi experience and for Perpy to be your home, fellow Degens!

Join us and build history with us!