Perpy Weekly Recap 60 & 61

Spot Vaults are live!

And that's it! Spot Vaults are live! 🔥

Now's your chance to showcase your trading skills by accessing the entire spectrum of tokens on Arbitrum!

From microcaps and memecoins to large caps, choose your poison 😏

Create a Spot Vault here 👉 http://perpy.finance

Find out in this article why our Spot Vaults are the perfect choice for degens, DAOs, and Alpha groups 👉 https://perpy-finance.beehiiv.com/p/spot-vaults-for-degens-by-degens

A Vault copying AI trading signals

A Perpy user is conducting an interesting experiment on 2 vault 👀

Their plan is to reproduce the most effective deep learning trading signals found on Taoshi. 

Over $10k has already been deposited by investors into Taopey's ETH and BTC vaults!

Curious? So are we 👀

Taopey BTC OG Vault: https://www.perpy.finance/vault/0x39b5c1def837413ea666139c36b35240e782c1de/

Taopey ETH OG Vault: https://www.perpy.finance/vault/0x96d59d79ae3234aa3d2453ffcbef92493b365e33/

Final Arbitrum LTIPP proposal

Our final Arbitrum LTIPP proposal is live! 😎

https://forum.arbitrum.foundation/t/perpy-ltipp-application-final/21849

Thanks to jojo17568, our Program Advisor, for his valuable feedback to craft a better proposal! 👌

Fee Reduction on the Arbitrum Network

Here's what you'll pay in fees on Perpy since the Arbitrum upgrade:

• Creating a vault: $1.5

• Starting a PERP trade: $0.3

• Starting a SPOT trade: $0.13

• Depositing funds into a vault: $0.06

The doorway to DeFi has never been more accessible 📈🔥

Management Fees

Management Fees Have Been Added to Vaults

What does this mean? 🤔

📚 During the vault creation process, vault managers must select a management fee ranging from 1% to 5% for their vault. This translate to an annual fee of 1%-5% on the total Assets Under Management (AUM).

From these collected fees, the protocol will take a 50% cut to buy back $PRY tokens from the market and then burn them 🔥

As always a win-win situation for Vault Managers and $PRY holders!

🔍 For instance, for a vault with a 4% management fee:

Let's consider that a vault sustains an average AUM of $1 million throughout the year.

From this amount, $40,000 will be deducted from the vault, $20,000 allocated to the trader and the remaining $20,000 used by the protocol to buy back and burn $PRY tokens reducing the total supply 😎

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!