Subscribe to Nekodex by Perpetual Protocol 🥨
Nekodex by Perpetual Protocol 🥨Stealth Addresses Explained (And How To Use Them)
A simple explainer of stealth addresses, the plans for making them standardized for Ethereum and a walkthrough of how to use stealth addresses on Optimism today! When looking at the overall DeFi market, privacy-preserving protocols only make up a very small part of it by total value locked. According to statistics provided by DeFiLlama, just 0.52% of the entire TVL is attributed to privacy applications, with Aztec and Tornado Cash taking the lion’s share. Cryptocurrencies hold a lot of potent...
Nekodex by Perpetual Protocol 🥨The Arrival of Real Yield: Lazy River 2.0
The most anticipated feature on Perp is finally here: USDC fee sharing! As a big upgrade to our staking program on Optimism, Lazy River 2.0 will begin distributing a stablecoin yield to vePERP holders from the protocol’s revenue.To start earning yield, you’ll first need to hold some PERP on Optimism. Check out this guide which provides a walkthrough for bridging to Optimism (we recommend using Optimism Gateway) and view the exchanges where you can buy PERP here.With the arrival of real yield,...
Nekodex by Perpetual Protocol 🥨How to Hedge Against Impermanent Loss with Deribit’s Volatility Futures
In this guide, we’ll show you how you can hedge against impermanent loss when providing liquidity to Perp’s Bitcoin market using Deribit’s newly launched volatility futures product. Makers (AKA liquidity providers) on Perp can earn trading fees and liquidity mining rewards. However, as the price moves away from your entry point and traders consume the liquidity you provide, you face impermanent loss (or IL for short). But there are ways to hedge described in the article below. How to Mitigate...
>400 subscribers
Nekodex by Perpetual Protocol 🥨Stealth Addresses Explained (And How To Use Them)
A simple explainer of stealth addresses, the plans for making them standardized for Ethereum and a walkthrough of how to use stealth addresses on Optimism today! When looking at the overall DeFi market, privacy-preserving protocols only make up a very small part of it by total value locked. According to statistics provided by DeFiLlama, just 0.52% of the entire TVL is attributed to privacy applications, with Aztec and Tornado Cash taking the lion’s share. Cryptocurrencies hold a lot of potent...
Nekodex by Perpetual Protocol 🥨The Arrival of Real Yield: Lazy River 2.0
The most anticipated feature on Perp is finally here: USDC fee sharing! As a big upgrade to our staking program on Optimism, Lazy River 2.0 will begin distributing a stablecoin yield to vePERP holders from the protocol’s revenue.To start earning yield, you’ll first need to hold some PERP on Optimism. Check out this guide which provides a walkthrough for bridging to Optimism (we recommend using Optimism Gateway) and view the exchanges where you can buy PERP here.With the arrival of real yield,...
Nekodex by Perpetual Protocol 🥨How to Hedge Against Impermanent Loss with Deribit’s Volatility Futures
In this guide, we’ll show you how you can hedge against impermanent loss when providing liquidity to Perp’s Bitcoin market using Deribit’s newly launched volatility futures product. Makers (AKA liquidity providers) on Perp can earn trading fees and liquidity mining rewards. However, as the price moves away from your entry point and traders consume the liquidity you provide, you face impermanent loss (or IL for short). But there are ways to hedge described in the article below. How to Mitigate...
Share Dialog
Share Dialog
The grants program was funded with 2M USD in PERP that is allocated to funding protocols building on Perpetual Protocol. This program started in August 2021 and is running successfully to this day.
We are constantly on the lookout for amazing projects that want to grow the Perp ecosystem, including trading infrastructure, LP’ing and market-making research, structured products, vaults, etc. We welcome all crazy ideas that we’d never have thought of!
Teahouse launched the Perpetual Protocol LP strategy vault in January 2023 and it has been consistently profitable. So far, it has rewarded its investors with over 12% APR and attracted $93k in AUM.
https://opt-vault.teahouse.finance/Perpetual_Protocol_LP_Strategy/
Teahouse’s Perpetual Protocol LP Strategy uses various inputs including volatility to dynamically adjust the LP ranges and hedge positions to maximise trading fees earned while keeping IL contained. This results in a strategy that is market-proof, and can perform well even in bearish markets, as long as there are still trades being made.
Besides the normal trading fees received, this strategy also profits from the $OP and $PERP rewards from Perp. Bolstering their already-impressive APY, these weekly rewards are immediately sold into $USDC upon receipt and put back into the fund for distribution to the ShareToken holders.
The grants program was funded with 2M USD in PERP that is allocated to funding protocols building on Perpetual Protocol. This program started in August 2021 and is running successfully to this day.
We are constantly on the lookout for amazing projects that want to grow the Perp ecosystem, including trading infrastructure, LP’ing and market-making research, structured products, vaults, etc. We welcome all crazy ideas that we’d never have thought of!
Teahouse launched the Perpetual Protocol LP strategy vault in January 2023 and it has been consistently profitable. So far, it has rewarded its investors with over 12% APR and attracted $93k in AUM.
https://opt-vault.teahouse.finance/Perpetual_Protocol_LP_Strategy/
Teahouse’s Perpetual Protocol LP Strategy uses various inputs including volatility to dynamically adjust the LP ranges and hedge positions to maximise trading fees earned while keeping IL contained. This results in a strategy that is market-proof, and can perform well even in bearish markets, as long as there are still trades being made.
Besides the normal trading fees received, this strategy also profits from the $OP and $PERP rewards from Perp. Bolstering their already-impressive APY, these weekly rewards are immediately sold into $USDC upon receipt and put back into the fund for distribution to the ShareToken holders.
A free and noncustodial tool built by Ibuki is now available, allowing you to integrate TradingView alerts and execute automated trading strategies with perpetual futures. The software is open source, and this tool runs on the users’ system (rather than on a centralized platform). This requires that users run their bot, for which we recommend using a cloud service provider.
Users interested in the TradingView alert connector can check out the codebase and accompanying docs. Ibuki has also created an online video tutorial on how to use the tool and hosted a live tutorial in our Discord server (which can be viewed from our YouTube page).
The Perp toolkit has been expanded with the addition of a Rust CLI for Perp, built by grantee Brendan Wenzel.
This tool is to provide a simple, fast and efficient way to interact with Perpetual Protocol contracts from your terminal. As a lightweight interface, it provides traders and makers with most of the tools you can find on the website.
Please take advantage of GitHub's issues tab if this tool isn't working as expected in any way.
To recap PerpSim, this tool was built by the Component Finance team which evaluates how a maker’s liquidity position may perform in the future, as well as how it would have fared in the past.
The Component team have very exciting updates to this maker tool including:
Current Positions View: Users can view and edit all of their positions in one place. This feature comes as a response to some user feedback on Perp’s original UI lacking this feature. Basic statistics on each of their positions like in/out of range, current IL, current PnL, etc. can be viewed.
Edit Liquidity (Add and Remove): PerpSim is no longer just a backtesting tool! Users can add or remove liquidity and completely manage all their positions.
User-defined time frame: For backtesting or simulating their positions, users can define their period ranging from 5 days to 6 months. This can be useful if, for example, the user wants to ignore an extreme event that may have affected an asset's performance (most recently the FTX catastrophe) when thinking about an asset's volatility.
Predictive Metrics: We saved the best for last. PerpSim added predictive metrics that use Brownian motion, where the volatility and drift terms associated with the market/pool determine a likely set of outcomes for the asset’s price over a period of time.
PartyFinance recently deployed on Optimism and they will be building on top of Perp soon.
An integration of Perp in PartyFinance would allow users to trade perpetual contracts using their party funds, which would be stored in Perp’s Vault. Users would also be able to view their Perp positions and balances in their PartyFinance account, giving them a comprehensive view of their decentralized trading activity.
Are you interested in building on top of Perpetual Protocol? Get started now by filling out the grants application form.
A free and noncustodial tool built by Ibuki is now available, allowing you to integrate TradingView alerts and execute automated trading strategies with perpetual futures. The software is open source, and this tool runs on the users’ system (rather than on a centralized platform). This requires that users run their bot, for which we recommend using a cloud service provider.
Users interested in the TradingView alert connector can check out the codebase and accompanying docs. Ibuki has also created an online video tutorial on how to use the tool and hosted a live tutorial in our Discord server (which can be viewed from our YouTube page).
The Perp toolkit has been expanded with the addition of a Rust CLI for Perp, built by grantee Brendan Wenzel.
This tool is to provide a simple, fast and efficient way to interact with Perpetual Protocol contracts from your terminal. As a lightweight interface, it provides traders and makers with most of the tools you can find on the website.
Please take advantage of GitHub's issues tab if this tool isn't working as expected in any way.
To recap PerpSim, this tool was built by the Component Finance team which evaluates how a maker’s liquidity position may perform in the future, as well as how it would have fared in the past.
The Component team have very exciting updates to this maker tool including:
Current Positions View: Users can view and edit all of their positions in one place. This feature comes as a response to some user feedback on Perp’s original UI lacking this feature. Basic statistics on each of their positions like in/out of range, current IL, current PnL, etc. can be viewed.
Edit Liquidity (Add and Remove): PerpSim is no longer just a backtesting tool! Users can add or remove liquidity and completely manage all their positions.
User-defined time frame: For backtesting or simulating their positions, users can define their period ranging from 5 days to 6 months. This can be useful if, for example, the user wants to ignore an extreme event that may have affected an asset's performance (most recently the FTX catastrophe) when thinking about an asset's volatility.
Predictive Metrics: We saved the best for last. PerpSim added predictive metrics that use Brownian motion, where the volatility and drift terms associated with the market/pool determine a likely set of outcomes for the asset’s price over a period of time.
PartyFinance recently deployed on Optimism and they will be building on top of Perp soon.
An integration of Perp in PartyFinance would allow users to trade perpetual contracts using their party funds, which would be stored in Perp’s Vault. Users would also be able to view their Perp positions and balances in their PartyFinance account, giving them a comprehensive view of their decentralized trading activity.
Are you interested in building on top of Perpetual Protocol? Get started now by filling out the grants application form.
No comments yet