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Get ready for the Perp x #OPsummer Pool Party ποΈπΉ
Dive into our Liquidity Pools and earn $OP and $PERP rewards on top of the transaction fees as a maker π¦
To get the party started we are rewarding πevery π single π LP π on π Perp v2 with a retroactive airdrop!
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As liquidity is key for any exchange we want to incentivize liquidity provision by distributing 8M $OP from the phase 0 @optimismFND Stimpack allocation to our liquidity providers.
Read on to find out more about the Pool Party and retroactive airdrop π
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πͺRetro $OP Airdrop πͺ
We want to thank every maker that has been with us from the start!
Next Monday, 1.8M OP will be sent directly to all makers' wallets that have provided liquidity since the launch of Perp v2 Curie until June 1, 2022
Enjoy more advanced strategies and improved risk management with the introduction of limit and stop loss orders.
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πLimit Orders
Specify the price level at which you want to buy or sell an asset, including a reduce-only option to reduce position size.
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πStop Loss Orders
Use the stop limit order as a stop loss to close a position at a specified price. Cut your losses automatically once the index price reaches the trigger price.
Firstly, we want to incentivize market makers to provide deep liquidity & grow our trading volumes even furtherπ
We've achieved >$10B in trading volumes so far without any major incentives, so imagine what we could achieve with $OP incentives for liquidity providersπ€―
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Secondly, there's another way we'll use $OP tokens to attract more liquidity to our platform....
Offer DeFi users a reliable and low-risk yield by allowing them to lending out their stables to our market making entity to earn a returnπΈ
(3/4) Details of the $PERP Convertible Voucher Offering
π Launch date: February 17th, 2022 (1 PM UTC),
πΈ APR = 5%,
π Bond range: 0.5x average price to ~2x average price (7-day TWAP of $PERP prior to the offering),
β³ Maturity date: June 18th, 2022
We're thrilled to announce our mainnet is finally here!
You can now trade ETH and BTC perpetual contracts with up to 12x leverage on-chain at: perp.exchange
(and there is no gas fee during your trades!)
1/4 The mainnet will be guarded and launched progressively.
Here are the caps for the current stage:
π¨βπ§ Personal Position Cap:
BTC/USDC: 0.25
ETH/USDC: 10
πOpen Interest Cap:
500K USD
"...Perpetual Protocols governance token $PERP ... allows token holders to stake their PERP tokens to participate in protocol governance, capture PERP inflation and 50% of trading fees..."