Perpetual Protocol Newsletter

By Perpetual Protocol Team

Issue #33 - Workshop Recordings, Structured Products & More



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Perpetual Protocol Newsletter
Issue #33 - Workshop Recordings, Structured Products & More
By Perpetual Protocol Team • Issue #33 • View online
Hi everyone,
As promised in our last issue the recordings of the perp-maker-bot and perp-arbitrageur are now available on our Youtube channel! Our grants committee has been very busy as well with new structured products built on top of Perpetual Protocol v2 and new open RFPs (requests for proposals). Read on below to find out more.

Highlights from the last development sprint
🛠️ Engineering
1. How to Run Perp Maker
Learn how to set up your own market-making bot on Perp v2 with the help of our workshop. It walks you through all the steps to set up your own bot, automate LP’ing and start earning fees. To follow along read through our written maker-bot guide Part 1 and Part 2 or directly set up the bot by checking out the Github repo as a more experienced user.
Workshop - Running Perp-Maker for Fun and Profit
2. How to Run Perp Arbitrageur
Learn how to arbitrage the price spread between DEXes and CEXes through our workshop that is now available on Youtube. The video walks you through all the steps you need to automatically exploit price differences between Perp v2 “Curie” and FTX while hedging market risk. In addition, you can read through the written arbitrageur guide here or directly go to Github
Workshop - Arbitraging Between DEXes and CEXes for Fun & Profit
🤝 Marketing & Partnerships
1. Diamond Protocol’s Cash & Carry Vault
Perpetual Protocol (✨🔴_🔴✨)

💎@DiamondProtocol's cash & carry vault enters the beta phase today:

As a delta neutral strategy, the vault longs spot ETH on @Uniswap & shorts ETH on Perp v2 to earn funding payments

-Initial cap deposit: 20,000 USDC
-Backtest APY: 20-30%
2. PERP Bond Voucher with Solv Protocol
We raised $3M in USDC with the issuance of the $PERP Bond Voucher in partnership with Solv Protocol. The bond voucher was launched on June 16th with an APR of around 6% and 120 days until maturity. Sales have ended and the full issuance value has been sold out.
3. Galleon’s Basis Yield ETH Index
Galleon | $👋
We are excited to launch the Basis Yield ETH Index, now live on @optimismPBC.

Generate organic yield during bull & bear conditions with $BYE, a delta-neutral leveraged basis strategy using @SetProtocol & @perpprotocol.

back-testing at 27% APY in 2021.

What is it? 🧵
4. New Requests for Proposals 
Gm to all the BUIDLers out there! Looking for a new challenge? We have added four new Requests for Proposals from our grants DAO on Questbook’s grants tool:
To-dos in this development sprint
1. Limit Order 
The limit order feature is launching soon 👀
2. veTokenomics Explained
The move to our new vePERP tokenomics is coming closer! Read our article to learn more on the concept of veTokenomics.
🤝 Marketing & Partnerships
1. ETH Barcelona
Our smart contract dev Shaoku aka TSK will draw on his experience and deliver a talk about writing clean code on Wednesday, July 6th at 12:20 (local time). Come listen to the talk or say hi to us at the Perpetual Protocol booth.
2. ETH CC in Paris
Anyone conference hopping from ETH Barcelona straight to ETH CC in Paris? If you’re around, make sure to drop by the party we’re co-hosting! Details to be announced soon.
Team & Ecosystem Updates
1. Updated Fee Distribution
The split of trading fees between liquidity providers (LPs) and the insurance fund (IF) has been updated based on the snapshot vote results. Liquidity providers are now receiving 80% of the trading fees and 20% will go to the insurance fund. This is the latest step in our move to the new tokenomics model and brings us closer to the promise of fee sharing for PERP stakers.
2. Monthly Grants Update
In June, the Grants Committee accepted one grant and received 4 new proposals as well as 2 new requests for proposals applicants. The grantee Galleon recently launched their basis trading product for Ethereum as shared above (Basis Yield ETH Index), and will build the same product for other tokens on Perp v2. Read the full report on our blog.
3. Community Call #29
As usual, we will host a Community Call the following Wednesday, June 29, to bring you up to speed on the latest and future updates. Join the English Community Call at 1pm UTC live on Youtube
Did you enjoy this issue?
Perpetual Protocol Team

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