Perpy Weekly Recap #47

Author

Perpy Finance
December 17, 2023

Protocol upgrade launching tomorrow!

What to expect:

  • GMX V2 support in TradingVaults

  • Multiple managers in one vault

  • Brand-new homepage to choose the best

Trading Competition Extended

We have decided to extend the trading competition with the release of GMX V2 on Perpy starting Monday. It's also a chance for more traders to show their skills. 

The competition will end on January 15, 2024.

As previously announced, we want to emphasize once again that anyone attempting to manipulate the competition, such as by hedging across multiple vaults, will be eliminated. We reserve the right to disqualify any behaviour we deem abusive from the competition after its conclusion.

In addition, a rule is being added to ensure a minimum of three legitimate trades. Any trade rapidly opened and closed with the sole intention of achieving more than three trades following a lucrative trade will be excluded.

Good luck to all participants, and may the best win!

Community Call Recap

1) Stats (snapshot Dec. 4th) 

- Vaults created: 115 (+35 since Nov. 24th)

- Trading Volume: $1,267,582 since Nov. 24th) 

- Users: 412 (+245 since Nov. 24th) 

2) Achievements 

- Complete dApp revamp with a Best-in-class Front End

- New Vault Architecture to support multi-assets, multi-DEX

- Level Finance support (BNB & Arbitrum)

- GMX V2 (coming this week )

- 1inch integration for Spot Trading (coming early 2024)

3) PRY 2.0 Introduction 

- Staking Module Distribution is now in $PRY (through buybacks, no emissions, we are still a Real Yield protocol)

4) A quick overview of our roadmap:

Vault:

- GMX V2 support (tomorrow )

- Spot Trading support 1inch

- Options support Lyra Finance

- GainsNetwork gTrade V7 and Mux protocol support

- Metavaults

Trading Engine:

- Drag & Drop Take Profit/Stop Loss

- Bot SDK support

- One-click Trading (through Account Abstraction)

UI:

- Account Abstraction and On-ramp

- dApp Notifications (trade open/close, vault deposit/withdraw…)

And other features we couldn't disclose... 

5) With GMX V2 support coming tomorrow, Vault Managers will access deep liquidity and more pairs ($SOL, $LINK, $DOGE, ...)

6) UI/UX changes are coming to improve the user journey, like switching between your vaults directly in the trading engine, a homepage revamp and a brand new landing page!

We will also showcase our upcoming "Drag & Drop SL/TP" feature to enjoy a CEX experience on Perpy.

7) Spot Trading

We've announced that Spot Trading will be supported in dedicated vaults (separated from the Perps) to show different metrics, assets and history.

By doing this, we will support Ethereum Mainnet assets

Degens will be happy!

Perpy's future looks bright, and we can't wait to reveal what is upcoming!

New Homepage

We've cooked up a new, minimalist Homepage for seamless investing

It will display way more vaults for easy investing 

Coming tomorrow, along with GMX V2 support! 

One step further to the best UX 

Replay: Demo with Gains Network

Watch the replay of our live Perpy demo we made on the Gains Network Discord to learn more about our platform and how it works : https://youtu.be/L8FA1IPiOgY?si=OUTa_fg-oATd6dyw

Stay tuned for more updates coming your way in a week or two. Thank you for your support, and see you in our next recap!