Thread by @offshorecap

Follow us frens and let's discover @PerpyFinance, a new and wonderful #SocialFi copytrading protocol coming in HOT in the #SocialFi game.

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1️⃣ Intro
2️⃣ Tokenomics
3️⃣ Competition
4️⃣ Public Sale
5️⃣ Our take

(1/58) 1️⃣ Introduction

Perpy is a copy trading #SocialFi protocol that brings key solutions to DeFi participants, namely traders and holders, and that also has the potential to attract a large audience which may be not familiar with DeFi yet.

(2/58) 1️⃣ Introduction

Copy trading has become extremely popular in recent years and has been promoted by traders/influencers who may offer their subscribers access to "secret" or "premium" groups where they share their positions, which subscribers can copy.

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One issue with this old model is mainly its opacity. Sure, there are undoubtedly serious traders and copy trading groups out there. But in general, this model has also allowed many abuses (2018 OGs may remember Mr. Eric Choe lol)

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As such, the idea of copy trading isn't bad at all.

If you are a good trader with consistent results, you may want to capitalize on your talent by sharing your positions with others for a fee.

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If you are a simple investor, you may not have the time or the skills to trade by yourself and you may simply want to copy the strategies of a trader you follow on Twitter or Youtube who seems to have some success at trading.

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A problem then arises:

How do you instantly connect the trader and the copy trader so that both one them have a smooth and seamless experience, simultaneously?

This is where the Perpy protocol comes in, and in a BRILLIANT way.

Yes, check this out.

(7/58) 1️⃣ Introduction - Fonctionnement

Perpy kinda works like a social network, which makes it super easy to handle.

As a trader, you create a vault, in which you deposit USDC. You can then trade directly (up to x50) and all your performances are displayed on your profile.

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As an investor, you can choose the profile or the vault of such and such a trader, check his stats, his performances, and choose to make a deposit in USDC in his vault, with the amount of your choice. From then on, you have nothing more to do.

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As soon as the trader who controls the vault closes his trade with X% profit, you, as an investor, instantly make the same X% profit, proportional to the amount of USDC you have deposited.

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Example :

You deposit 1000 USDC in the trader's vault. The trader takes a BTCUSDC long and closes with +10% gain.

Automatically, you have just made a cool 10% profit (100 USDC in that case), minus the performance and protocol fees.

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And the best part is that as an investor you keep control of your funds the whole time, even when the trader has already opened a trade.

Get this, I repeat :

AT ANY TIME, you can choose to withdraw your funds from the vault. FULL CONTROL.

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On the trader's side, opening a vault can be profitable in many ways, obviously.

First of all, by opening a vault, you freely set the performance fee you want to apply to your subscribers, ranging from a 10% to 50% cut on their profits. Fair.