Hey there, fellow Pepeys! Don’t mind us for this article, as we let our degenerate selves speak, and there is a lot of crypto slang.

Worth the read if we’re being honest 😎

Rationale

Ever feel lost in a sea of trading signals, alfas to check out, and trying to navigate between dozens of private groups where they throw a new ticker every second? Well, we feel you, and Perpy is here to bridge that gap and revolutionize the way we do SocialFi and Asset Management!

Picture this: You're a spot trader with killer skills, deep in every doggy or cat memecoins, and survived multiple rugs on memecoins, but sharing your setups and performance transparently feels like shouting into the void.

Or you’re the Charlie Munger of Crypto staying on top of every new launch, read a thousand of whitepapers, have built a gems portfolio, and would like to start your own decentralized on-chain fund.

Meanwhile, investors are hungry for opportunities but struggle to find reliable traders and asset managers to back. 

That’s the rationale behind our Spot Vault launch: We're giving decent shitcoiners and asset managers the tools and the means to shine, build their brand and community, and make money together along the way!

You all know Perpy for our TradingVault on Perpetuals DEX like GMX (Arbitrum), but be ready to trade any token on Arbitrum, Ethereum Mainnet, BNB Chain, and more (soon^TM).

Degens Gonna Degen

We’ve gone the pure degen way with no token whitelisting and no cap in buying or selling tokens in your vault portfolio.

“Okay, but a bad actor can use his vault to pump the price of a token he bought with a private wallet, kek”. 

Well, theoretically, yes, but it’s no different than a bad actor making his followers FOMO to dump on them. 

In reality, reputation and TVL are the two main things that a vault manager has to work hard to earn. Do you really think that after grinding to earn a good trader reputation, a perfect on-chain performance track record and after attracting funds on his vault, a manager will put that at risk for a quick cash grab? We do not. Other protocols tried to go the “protective” way, but it usually ends up in boring portfolios and waiting for the protocol to whitelist a contract or for an Oracle feed; you’re just missing a potential gem, leaving all the upside on the table.

In addition to this hard-earned reputation, it’s also easy to spot bad actors on-chain, and implementing these so-called “gatekeepers” introduces a lot of user friction for vault managers. Not being able to ape with size a high-conviction token is more damaging to the vault's performance and its investors. 

You know the saying, “don’t trust, verify”, with Perpy’s detailed and transparent statistics page of each vault you can verify the manager track record, join his community to feel the vibe before making any investment.

Maybe we should quickly trademark this “PoP” (Proof of Performance), a new SocialFi consensus…

The Grail for DAO, Alpha & Trading groups

Why degens, DAO, Trading and Alfa groups are a perfect fit for Perpy?

Currently, these users have sub-optimal mediums to share their trading setups and performance in a transparent, legitimate, and verifiable manner. They post their trades, charts, contract addresses, and entry/exit points in a Telegram chat or Discord server, trying to log their work in an inefficient way. Don’t start us on managing a Google sheet with all your trades, which starts as a good intention but becomes a mess really quickly. Anyway, these tasks are time-consuming and subpar to an all-in-one dApp like Perpy. 

With the Spot Vaults, you’ll be able to buy/sell like you would do on any AMM with a Dexscreener-like UI but with a powerful statistics page summarizing your performance over time and a detailed trade history. 

You can trash your Google sheet and replace your Debank and Dexscreener with a Perpy Spot vault. That’s it. 

Building an engaged community is hard, and the overhead of managing different platforms, tooling, and paywalls is time-consuming. That’s a bit off-topic, but it’s worth talking a bit about the upcoming Social Layer. Perpy will allow users to manage a public or private community with a messaging app approach, with different gated access, like owning a specific NFT or with a minimum deposit in their vault. 

Imagine being able, as an investor, to have skin in the game in different trading communities, sharing your alfa while reaping some profits made by your vault managers!

What to expect

Alright, if you made it here, first thanks. You may have missed two new animal memecoin launches, but trust us, it will be worth it.

First, what can Degens expect on Spot launch day, March 18th?

You’ll be able to spin up a new Spot Vault and trade any token on Arbitrum. It could be a good time to start accumulating Arbitrum tokens, especially after the Dencun upgrade and upcoming LTIPP grants in April (Not Financial Advice). 

Spot vaults will be limited to Arbitrum only as a starting point so we can monitore that you, degens, are breaking anything. Then somewhere in April, we will add Ethereum Mainnet support, the holy land for shitcoins. BNB will follow shortly. 

As a reward for reading all this gibberish so far, here is a UI sneak peek: 

Finally, we will add the necessary Degen tools for any decent shitcoiners, honeypot checker, token sniffer and more to reveal. Everything you’ll ever need in one UI. No more switching between tabs; focus on getting your investors more profits!

Closing thoughts

If you’re an investor, hear us out. If you’re tired of getting rekt, dumped on or always late on finding new shiny memecoins, just hop on the SocialFi train with us and invest in the best vault managers on Perpy!

Whether you're a trader, degen or not, it’s time to experience the new SocialFi experience designed specifically for you.

Happy hunting, fellow Degens!