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...
Trustless crypto trading for everyone!
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...
Trustless crypto trading for everyone!
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Our Hot Tub vaults make alpha accessible to all through an automated arbitrage strategy!
Want to unlock passive earning opportunities through a non-directional trading strategy? Let Hot Tub do the hard work for you!
No longer do you have to shed blood, sweat and tears to find reliable yields with minimal risk. As part of Perp’s exploration of vaults, two automated strategies will soon be launched that generate profit through a delta neutral trading strategy.
Our upcoming vaults enable you to reach new heights in your cryptocurrency journey, where profiting from arbitrage alpha will soon be accessible to all! Relax in the Hot Tub, turn up the heat on your crypto game with a low-risk yield and grow your ETH or USDC stack!
Arbitrage is, in theory, a risk-free trading strategy since it involves buying an asset at a low price then selling it somewhere else for a higher price. Although in practice arbitraging is not entirely risk free, it is one of the most sustainable sources of yield in the crypto market.
However, arbitrage requires a trader to somehow automate this strategy.
This means you’d need some coding skills, a way to monitor opportunities as well as enough capital to make arbitraging worthwhile. Some crypto users, especially those new to the market, may not have the capital, technical knowledge, or time to do this on their own.
But this is where Hot Tub comes in, which automates arbitrage profits to make alpha accessible to all! By turning a sophisticated arbitrage strategy into a simplified vault that’s both easy-to-use and non-custodial, anyone can enjoy a steady return without needing any coding or trading knowledge!
The Hot Tub vaults will offer depositors a return on their assets by executing an arbitrage strategy for ETH-USD on Optimism, capitalizing on price differences between the perpetual swap market on Perp and spot markets on decentralized exchanges (such as Uniswap and 1inch).
Funds put into either vault by depositors will be pooled together, generating a return whenever there are profitable opportunities. For instance, if the price of ETH on Uniswap is lower than it is on Perp, then the USDC vault will buy some spot ETH. Simultaneously, the same amount of ETH is shorted using perpetual swap contracts to maintain delta neutrality.
As the prices of ETH on Uniswap and on Perp converge, then the short ETH perpetual position can be closed and the spot ETH can be sold for USDC on Uniswap. After these trades have been executed, the USDC vault realizes a risk-free profit for depositors. In practice, arbitrage trades will be conducted across different spot DEXes on Optimism.
A similar strategy is utilized for the ETH vault. It’s your call which vault you deposit to and whether you earn a yield denominated in ETH or USDC.
Our Hot Tub release provides a new opportunity for yield seekers following the collapse of trust in the ‘CeDeFi’ sector. Built entirely on-chain for full transparency, jump into the Hot Tub to experience the convenience and efficiency of automated smart contracts while retaining custody of your funds.
Here’s how Hot Tub turns up the heat on your crypto game:
Earn a steady yield (5%+), with relatively low risk compared to other vaults, in either ETH or USDC
No fees for a limited time only. Depositors will not be charged any fees, so sign up today for access to our whitelist
Unlike most vaults in the market that run in epochs or rounds, Hot Tub allows users to deposit or withdraw at any time
Fully on-chain, secure and non-custodial
These vaults (and planned future releases) directly contribute to making Optimism’s DeFi markets more efficient
Access to the Hot Tub is now open to all! Join the Shower Room, our queueing mechanism, to earn yield through Yearn while you wait for space to be freed up in the Hot Tub.
Learn more about the Shower Room in the post linked below.
https://perpprotocol.mirror.xyz/diTuTxxvEqWDstip5k0v5IJiQCmd0PTRd2JrYcIVMOQ
The strategy shares profits between depositors, who receive an amount proportional to the amount of capital they add to the vault. The performance of the USDC vault over the past month shows that it has delivered a 6.61% APR. The ETH vault also performed well in a live trading environment, realizing a 10.97% APR.
In an upcoming article, we’ll dive deeper into the Hot Tub strategy and illustrate the resilient performance of these vaults under different market conditions. No matter whether the market is in a bubble or not, Hot Tub delivers a stable yield that you can rely on.
Still have more questions? Learn more about the specifics of Hot Tub here.
The vision for Hot Tub extends much further than the launch of ETH and USDC vaults, which just scratch the surface of the potential for trustless, on-chain trading strategies.
More vaults are being explored for future releases that will enable you to grow your crypto holdings other than ETH and USDC by capitalizing on a wider range of arbitrage opportunities.
Another avenue of research is extending the strategy to become ‘cross-chain’ to earn risk-free profits from price differences on Optimism and other ecosystems. The opportunities are limitless and this is just Perp’s first step in providing a suite of products focusing on passive trading strategies.
You don’t need to be a gigabrain to seek out and earn yield in crypto! Hot Tub vaults do all of the hard work for you, while there’s also absolutely no reliance on a custodian or third party.
Start earning yield in WETH, WBTC, OP and/or USDC with the Shower Room and claim your place in the queue for the Hot Tub here: https://vaults.perp.com.
Our Hot Tub vaults make alpha accessible to all through an automated arbitrage strategy!
Want to unlock passive earning opportunities through a non-directional trading strategy? Let Hot Tub do the hard work for you!
No longer do you have to shed blood, sweat and tears to find reliable yields with minimal risk. As part of Perp’s exploration of vaults, two automated strategies will soon be launched that generate profit through a delta neutral trading strategy.
Our upcoming vaults enable you to reach new heights in your cryptocurrency journey, where profiting from arbitrage alpha will soon be accessible to all! Relax in the Hot Tub, turn up the heat on your crypto game with a low-risk yield and grow your ETH or USDC stack!
Arbitrage is, in theory, a risk-free trading strategy since it involves buying an asset at a low price then selling it somewhere else for a higher price. Although in practice arbitraging is not entirely risk free, it is one of the most sustainable sources of yield in the crypto market.
However, arbitrage requires a trader to somehow automate this strategy.
This means you’d need some coding skills, a way to monitor opportunities as well as enough capital to make arbitraging worthwhile. Some crypto users, especially those new to the market, may not have the capital, technical knowledge, or time to do this on their own.
But this is where Hot Tub comes in, which automates arbitrage profits to make alpha accessible to all! By turning a sophisticated arbitrage strategy into a simplified vault that’s both easy-to-use and non-custodial, anyone can enjoy a steady return without needing any coding or trading knowledge!
The Hot Tub vaults will offer depositors a return on their assets by executing an arbitrage strategy for ETH-USD on Optimism, capitalizing on price differences between the perpetual swap market on Perp and spot markets on decentralized exchanges (such as Uniswap and 1inch).
Funds put into either vault by depositors will be pooled together, generating a return whenever there are profitable opportunities. For instance, if the price of ETH on Uniswap is lower than it is on Perp, then the USDC vault will buy some spot ETH. Simultaneously, the same amount of ETH is shorted using perpetual swap contracts to maintain delta neutrality.
As the prices of ETH on Uniswap and on Perp converge, then the short ETH perpetual position can be closed and the spot ETH can be sold for USDC on Uniswap. After these trades have been executed, the USDC vault realizes a risk-free profit for depositors. In practice, arbitrage trades will be conducted across different spot DEXes on Optimism.
A similar strategy is utilized for the ETH vault. It’s your call which vault you deposit to and whether you earn a yield denominated in ETH or USDC.
Our Hot Tub release provides a new opportunity for yield seekers following the collapse of trust in the ‘CeDeFi’ sector. Built entirely on-chain for full transparency, jump into the Hot Tub to experience the convenience and efficiency of automated smart contracts while retaining custody of your funds.
Here’s how Hot Tub turns up the heat on your crypto game:
Earn a steady yield (5%+), with relatively low risk compared to other vaults, in either ETH or USDC
No fees for a limited time only. Depositors will not be charged any fees, so sign up today for access to our whitelist
Unlike most vaults in the market that run in epochs or rounds, Hot Tub allows users to deposit or withdraw at any time
Fully on-chain, secure and non-custodial
These vaults (and planned future releases) directly contribute to making Optimism’s DeFi markets more efficient
Access to the Hot Tub is now open to all! Join the Shower Room, our queueing mechanism, to earn yield through Yearn while you wait for space to be freed up in the Hot Tub.
Learn more about the Shower Room in the post linked below.
https://perpprotocol.mirror.xyz/diTuTxxvEqWDstip5k0v5IJiQCmd0PTRd2JrYcIVMOQ
The strategy shares profits between depositors, who receive an amount proportional to the amount of capital they add to the vault. The performance of the USDC vault over the past month shows that it has delivered a 6.61% APR. The ETH vault also performed well in a live trading environment, realizing a 10.97% APR.
In an upcoming article, we’ll dive deeper into the Hot Tub strategy and illustrate the resilient performance of these vaults under different market conditions. No matter whether the market is in a bubble or not, Hot Tub delivers a stable yield that you can rely on.
Still have more questions? Learn more about the specifics of Hot Tub here.
The vision for Hot Tub extends much further than the launch of ETH and USDC vaults, which just scratch the surface of the potential for trustless, on-chain trading strategies.
More vaults are being explored for future releases that will enable you to grow your crypto holdings other than ETH and USDC by capitalizing on a wider range of arbitrage opportunities.
Another avenue of research is extending the strategy to become ‘cross-chain’ to earn risk-free profits from price differences on Optimism and other ecosystems. The opportunities are limitless and this is just Perp’s first step in providing a suite of products focusing on passive trading strategies.
You don’t need to be a gigabrain to seek out and earn yield in crypto! Hot Tub vaults do all of the hard work for you, while there’s also absolutely no reliance on a custodian or third party.
Start earning yield in WETH, WBTC, OP and/or USDC with the Shower Room and claim your place in the queue for the Hot Tub here: https://vaults.perp.com.
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