Issue #34 - Limit Orders are live!

Hi everyone,

Another two weeks have passed which means we’re back with our bi-weekly totally non-derivative update from the Perpetual Protocol team. This time, we have a major, long awaited and highly anticipated feature launch to share! Find out more by reading on.

The wait is over! Limit Orders are here! Enjoy more advanced strategies and improved risk management with the introduction of limit and stop loss orders. Learn more about the advanced order types now supported on Perpetual Protocol in our blog post.

With the addition of Biconomy’s Hyphen bridge to our UI you can enjoy frictionless bridging directly on app.perp.com. Transfer ETH or USDC in to or out of Optimism, with support for EVM-chains such as Ethereum, Polygon & Avalanche.

The deadline to bridge and deposit has passed already. If you’ve completed these steps by July 11th (6pm UTC) and keep your funds on Perp v2 for at least one week you will receive a guaranteed share of the prize pool, shared equally by all eligible participants. 

We’re working on a new liquidity mining initiative as part of OP summer. Stay tuned for more info!

Four of our team members will be attending ETH CC in Paris, please come say hi if you’re around. On Tuesday, July 19th we’ll be co-hosting DAIvinity together with MakerDAO, TrueFi, Oasis and 1inch. Make sure to follow our official Twitter and join our next Community Call for a chance to win tickets! Beware of any ticket scams, there are none for sale as it’s an invite only event.

The Community DAO proposal is now up for voting on snapshot. It aims to decentralize our community initiatives by restructuring the current programs and initiatives into a Community DAO and allocating the necessary budget. Read the proposal and cast your vote here until Friday, July 15th at 10 PM UTC.

We have increased the ETH collateral deposit cap from 300 to 400 ETH.

The last staking payout on L1 was distributed on June 27th as we are discontinuing sPERP rewards as part of our transition to vePERP tokenomics.

As usual, we will host a Community Call the following Wednesday, July 13th, to bring you up to speed on the latest and future updates. Join the English Community Call at 1pm UTC live on Youtube.