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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...
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>400 subscribers
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Earning yield and leverage trading with a single asset at the same time hasn’t been possible… until now! Yield+ supercharges your collateral by enabling you to earn interest while you trade.
Yield+ is a new feature that allows traders to save time and effort by doing two things at once:
earn yield with a single asset and also
use the same asset as margin to trade perpetual futures.
Along with Perp’s multi-collateral feature, Yield+ unlocks greater flexibility for traders and yield seekers.
By taking advantage of the composability of DeFi, we have built Yield+ on top of Yearn’s managed vaults on Optimism so traders can earn interest on their USDC, USDT or ETH and use their farming positions as margin to trade crypto with leverage.
When depositing to Yield+, you’ll receive some yield-bearing tokens in return. These yield-bearing tokens can then be used as margin to open positions in any of the 18 crypto markets available on Perp.
Even when your collateral is idle, you’ll continue to earn a return from Yearn’s vault strategy. As a result, you don’t have to worry about moving your tokens around when you have no open positions or trading ideas!
The benefits of Yield+ include:
Earn interest while you trade: Unlock flexible crypto trading with yield-bearing assets.
Sustainable APR with no fees: Earn up to 6% APR from a sustainable strategy.
Open to all: Yield accessible to all with no whitelist requirement.
Low risk: Yield+ builds on top of Yearn’s battle tested vaults, there’s a very low likelihood of losing your funds since the only risk relates to smart contract exploits.
Share price only goes up: Benefit from a share price that is perpetually in ‘number go up’ mode.
Instant withdrawal with no lock time: Freedom to deposit or withdraw your tokens whenever you want.
Make your crypto go further and unlock flexible trading with Yield+. Be one of the first to supercharge your trading collateral by signing up to the waitlist now.
Is there a minimum deposit?
No, there is no minimum deposit.
Is there a cap for Yield+?
Yes, there is going to be both a global cap and an individual cap as it can be used as collateral. The individual cap will be flexible and may change over time.
What is the risk of Yield+?
The only risk relates to smart contract exploits. If there’s a bug or exploit in Yearn’s vaults on Optimism, then this impacts Yield+ users.
Where does the yield come from?
Yearn’s managed vaults on Optimism.
Is the LP token transferrable?
No, it can only be used as collateral to trade on Perp.
What’s the collateral ratio for LP token?
The collateral ratio will be determined at a later date, but will start low (~50%). ** **
If you have any questions about Yield+, contact us and chat with us on Discord using the link below!
Earning yield and leverage trading with a single asset at the same time hasn’t been possible… until now! Yield+ supercharges your collateral by enabling you to earn interest while you trade.
Yield+ is a new feature that allows traders to save time and effort by doing two things at once:
earn yield with a single asset and also
use the same asset as margin to trade perpetual futures.
Along with Perp’s multi-collateral feature, Yield+ unlocks greater flexibility for traders and yield seekers.
By taking advantage of the composability of DeFi, we have built Yield+ on top of Yearn’s managed vaults on Optimism so traders can earn interest on their USDC, USDT or ETH and use their farming positions as margin to trade crypto with leverage.
When depositing to Yield+, you’ll receive some yield-bearing tokens in return. These yield-bearing tokens can then be used as margin to open positions in any of the 18 crypto markets available on Perp.
Even when your collateral is idle, you’ll continue to earn a return from Yearn’s vault strategy. As a result, you don’t have to worry about moving your tokens around when you have no open positions or trading ideas!
The benefits of Yield+ include:
Earn interest while you trade: Unlock flexible crypto trading with yield-bearing assets.
Sustainable APR with no fees: Earn up to 6% APR from a sustainable strategy.
Open to all: Yield accessible to all with no whitelist requirement.
Low risk: Yield+ builds on top of Yearn’s battle tested vaults, there’s a very low likelihood of losing your funds since the only risk relates to smart contract exploits.
Share price only goes up: Benefit from a share price that is perpetually in ‘number go up’ mode.
Instant withdrawal with no lock time: Freedom to deposit or withdraw your tokens whenever you want.
Make your crypto go further and unlock flexible trading with Yield+. Be one of the first to supercharge your trading collateral by signing up to the waitlist now.
Is there a minimum deposit?
No, there is no minimum deposit.
Is there a cap for Yield+?
Yes, there is going to be both a global cap and an individual cap as it can be used as collateral. The individual cap will be flexible and may change over time.
What is the risk of Yield+?
The only risk relates to smart contract exploits. If there’s a bug or exploit in Yearn’s vaults on Optimism, then this impacts Yield+ users.
Where does the yield come from?
Yearn’s managed vaults on Optimism.
Is the LP token transferrable?
No, it can only be used as collateral to trade on Perp.
What’s the collateral ratio for LP token?
The collateral ratio will be determined at a later date, but will start low (~50%). ** **
If you have any questions about Yield+, contact us and chat with us on Discord using the link below!
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