Perpetual Protocol Newsletter - Issue #20

Hi everyone!

We have some internal position adjustments, so we missed two issues. Sorry about that. Our newly-joined marketing associate Leonie will start taking care of this newsletter from the next issue so our growth manager Weiting can focus on acquiring new users.

Dedaub and HashCloak are wrapping up their audits, respectively. So far, Consensys and ABDK (Uniswap v3’s auditor) have checked the codes. The audit reports will be publicized once all of the suggestions are resolved.

Multi-collateral feature research is done, and we’ll start implementing it from the next sprint. As for limit order, it requires some refactors of the existing codes, so this research for this feature is postponed.

We’ve upgraded our subgraph for Perp v2. You can check it here.

We’ve updated the maker UI, which should provide a better picture of the condition of your liquidity provision. Check it out here.

The UI for the liquidity mining program is now done and we will release it once the smart contracts for claiming the tokens are deployed.

We held a series of AMAs/community calls to celebrate the launch of Perp v2, including one with Optimism and one with Perp friends such as Fiskantes from Zee Prime Capital and Brian and Dan from CMS Holdings. You can watch all of them on our YouTube channel.

The community has elected several members to form the Token Listing DAO, which will find new tokens to be listed on the protocol and help approve tokens put forth by the perp team.

3. Gem Hunting 

To celebrate the launch of Perp v2, we held a gem hunting campaign, where people need to find the hidden gem in a video on Twitter. You can check the video here.

In December, we held several onboarding calls to help new users get familiar with our platform. We’ll analyze the results and see if we should continue this initiative in the future.

We worked with Project Galaxy to reward traders who generated over 100 USD worth of volume on Perp v2 during 2021/12/22~2022/1/2. Learn more about it here.

In this sprint, we should deploy the smart contracts that let people claim their PERP rewards for the liquidity mining program and gas rebate program.

We’re still optimizing our internal arbitrageur bot, which provides liquidity and moves the price when there is no trader. As more users join the platform, we’ll gradually phase out this bot.

We’ll update the infrastructure of the primary trading venue to support more languages in the future. 

In this sprint, we’ll start to prepare to open-source the Typescript SDK, which will make it easier for developers to build a UI or bots for perp v2

We launch the Gas Rebate Program to alleviate the gas costs for traders. The more PERP you stake, the higher the weekly rebate cap is. Learn more here.

We launch a liquidity mining program to reward users who provide liquidity on Perp v2. The more transaction fees you collect proportionately, the higher % of the prize pool you can claim. Read on here.

We announce our Perpvangelist Program, so the community members who want to contribute to the development of the protocol have a place to start.  

🆕 Seedle 

Seedle has joined our lineup of grantees to show the performance of your liquidity position on Perp v2 on their site.

🐍 PyPerp

The developer of PyPerp is working on the next iteration which will support Perp v2.

📦Blocmates

The editor of Blocmates has released more tutorials on Perp v2, including how to trade, market-making, and contribute to the protocol development.