OFFSHORE CAPITAL Profile picture
Mar 4 60 tweets 22 min read
Follow us frens and let's discover @PerpyFinance, a new and wonderful #SocialFi copytrading protocol coming in HOT in the #SocialFi game.

🧵(0/58)

1️⃣ Intro
2️⃣ Tokenomics
3️⃣ Competition
4️⃣ Public Sale
5️⃣ Our take Image
(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. Image
(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.
(3/58) 1️⃣ Introduction

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)
(4/58) 1️⃣ Introduction

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.
(5/58) 1️⃣ Introduction

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. Image
(6/58) 1️⃣ Introduction

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. Image
(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. Image
(8/58) 1️⃣ Introduction

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. Image
(9/58) 1️⃣ Introduction

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. Image
(10/58) 1️⃣ Introduction

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. Image
(11/58) 1️⃣ Introduction

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.
(12/58) 1️⃣ Introduction

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.
(13/58) 1️⃣ Introduction

The other huge perk of opening a vault is that you get to grow your brand as a seasonned, profitable trader.

The more you're good on the long run, the more subscribers, the more street cred and therefore the more profit.

Win-win situation. Image
(14/58) 1️⃣ Introduction

All this is done in a transparent, permissionless and non-custodial fashion.

Transparent trader stats : No CAP, no LARP, no BS on Perpy

Permissionless : Anyone can create or jump in a vault

Non-custodial : YOU always keep FULL CONTROL of YOUR funds Image
(15/58) 1️⃣ Introduction

Do you get this #SocialFi thing now ?

Perpy basically works like a social media, where influencers are traders and subscribers are investors.

But on Perpy, things get real and actual good money can be made if you choose your trader wisely.
(16/58) 1️⃣ Introduction

Ok now let's talk about the fees.

Yeah, the protocol has to generate revenues bro.

First of all, by creating a vault, a trader sets performance fees.

Of these performance fees, 80% goes for the trader and 20% goes back to the DAO.
(17/58) 1️⃣ Introduction

There are also exit fees:

- 0.3% when you withdraw your funds from a vault if there's no ongoing trade
- 1.5% if there's an ongoing trade, causing a reduction of the trade's volume
- 5% if the withdrawal forces the ongoing trade to close positions
(17/58) 1️⃣ Introduction

The fee model is simple, well thought out and well balanced in our opinion.

Depositors always have full control on their funds, while traders have great flexibility as they can choose to adjust performance fees as they wish
(18/58) 2️⃣ Tokenomics

Perpy's native token ( $PRY ) is not issued yet (more on that later), but here's how it will work and what it will be used for : Image
(19/58) 2️⃣ Tokenomics

- Stakers receive 90% of the protocol's revenues (performance and exit fees)
- The other 10% are used for DAO votes
- $PRY holders/stakers benefit from reduced fees, ranging from -3% to -50% depending on the amount of $PRY they hold
(20/58) 2️⃣ Tokenomics

$PRY is a governance token that also allows you to:

- Promote your vault on the platform to gain more visibility
- Have priority access to the upcoming 2.0 vaults
- Benefit from Lens Protocol's integration
- And more
(21/58) 2️⃣ Tokenomics

The tokenomic model of the protocol is also very balanced and strongly encourages staking/burning.

It is yet to be determined whether the rewards will be distributed in real yield or in the form of escrowed tokens.
(22/58) 2️⃣ Tokenomics

- Max supply : 1,000,000,000 $PRY with deflationary properties
- 400,000,000 $PRY will be unlocked during TGE
- Team allocation : 100,000,000 $PRY (6-month cliff and 18-month linear vesting) Image
(23/58) 2️⃣ Tokenomics

- 50,000,000 $PRY for future team members (same vesting conditions)
- 250,000,000 $PRY : community, ecosystem, marketing
- 200,000,000 $PRY for the non-profit Perpy Foundation
(24/58) 3️⃣ Competition - SocialFi

The SocialFi sector, as its name suggests, is a specific DeFi sector with a strong emphasis on connecting the various DeFi actors and protocols via or with social medias.
(25/58) 3️⃣ Competition

As said, copy trading is not a new thing. Likewise, the SocialFi sector has already been around for some time with some well-known players such as:

- @STFX_IO
- @PuppetFinance

Indirect competitors with a different approach :

- @NestedFi
- @FactorDAO
(26/58) 3️⃣ Competition

This sector has, in our opinion, great potential, which mainly relies on existing social networks and tactics, as well as on the attractiveness of influencers on their potentially massive audience of copy traders/subscribers.
(27/58) 3️⃣ Competition

Moreover, this sector is still very fresh and untapped. Perpy therefore has a very small number of potential competitors.

Market shares are up for grabs.

On the other hand, this sector is quite new and still needs to confirm its potential.
(28/58) 3️⃣ Competition

The future success of Perpy will therefore be largely BASED on the protocol's ability to attract traders/influencers who themselves will attract many subscribers to their vaults.

This will take some time and probably a lot of marketing.
(29/58) 3️⃣ Competition

What is certain is that the potential is there and it is particularly noticeable with Perpy which offers a simple, accessible, easy to understand and very flexible formula, which sets this protocol apart from its competitors.
(30/58) 3️⃣ Competition

If one compares it to its main competitor, STFX, it's not very hard to notice the many advantages of Perpy, especially :

- Flexible performance fees
- User has permanent and INSTANT control of his assets
- Trader keeps his strategies private Image
(31/58) 3️⃣ Competition

As for NestedFi or Factor, these protocols work quite differently and aim at a different audience.

NestedFi focuses on spot, long-term strategies

Factor focuses on decentralized AUM with more complex strategies

Not the same public
(32/58) 3️⃣ Competition

This therefore leaves huge opportunities for Perpy in a young, emerging sector, which has very STRONK potential, although still risky insofar as it still untapped, really.
(33/58) 3️⃣ Competition

Moreover, copy trading is now a very popular notion. Most people know about it, basically. Many CEXs like eToro, ByBit, etc... have integrated this sort of product with huge success. The challenge is therefore to bring more normies to web3.
(35/58) 4️⃣ Public Sale

Now on to the HOT NEWS, namely the UPCOMING PUBLIC SALE which will take place on March 16th on
@CamelotDEX Image
(36/58) 4️⃣ Public Sale

YES, the recent public sales on Camelot were a huge success (for teams) followed by big disappointment for many participants who, it seemed, hadn't quite grasped the risks of the "uncapped fair launch model".
(37/58) 4️⃣ Public Sale

Perpy's Public Sale will play out very differently though, as it will be a hardcapped FCFS sale. Here's the plug :

- Fixed launch price
- Hard Cap
- First come, first served
- Full unlock at TGE
- 40% of max supply
(38/58) 4️⃣ Public Sale

We believe that Perpy made the right choice with this model which will certainly reassure potential interested parties.

The only problem with hardcapped sales is obviously their vulnerability to bots. Hoping @CamelotDEX finds a viable solution to this.
(39/58) 5️⃣ Our Take

To be frank, we are bound to be a tad biased:

Firstly, we have the honor of having been chosen as Perpy's ambassadors. Yeah, that's pretty cool.

Secondly, we're totally bullish on Perpy anyway, from the get-go.

What you gonna do about it bro ? Image
(40/58) 5️⃣ Our Take

Why so bullish on @PerpyFinance you ask ?

Because we followed their work since inception and we found out that we were dealing with:

- A team of dead-serious, commited, competent lads
- A good working product
- An idea with YUGE potential

no brainer bro Image
(41/58) 5️⃣ Our Take

To jeets and scared investors : Kindly notice this ESSENTIAL difference with some recent flopped launches on Camelot :

Unlike these projects, Perpy has had AN ACTUAL WORKING PRODUCT for MONTHS, with ACTUAL USERS and ACTUAL VOLUME.

See how this works ?
(42/58) 5️⃣ Our Take

Kürz gesagt, Perpy has proven itself and their product is perfectly functional and already used by many fellow degens.

Don't get us started; let's continue.
(43/58) 5️⃣ Our Take

Perpy's roadmap is PACKED, with many EXCITING MILESTONES such as:

- New trading pairs
- NFTs
- Cross-chain integration (Cosmos, Starknet)
- New DEXs integrations
- Lens Protocol integration
- Smartphone app

And much more. Image
(44/58) 5️⃣ Our Take

Another very, VERY IMPORTANT thing :

The Perpy project is entirely SELF-FUNDED.

No VCs or anything like that. No presalers.

We are dealing with an organic and autonomous project, with a team that has proven itself.
(45/58) 5️⃣ Our Take

Project's PR has been very good so far and above all, very organic, which we also deffo like. No cringe or weird shill. The team managed to naturally gather a community with a good, fun WORKING product. Image
(46/58) 5️⃣ Our Take

As a testimony of this organic growth, the team has already closed quite a few partnerships, particularly in the Arbitrum ecosystem:

- @Buffer_Finance
- @GMX_IO
- @PythNetwork
- @lyrafinance
- @vertex_protocol
(47/58) 5️⃣ Our Take

Additionally, the team has already connected with some key medias in the ecosystem, including a very interesting AMA with
@FungiAlpha (highly recommanded) :

(48/58) 5️⃣ Our Take

We've already talked about Perpy's opportunities and competitors in the emerging #SocialFi space.

@PerpyFinance has the opportunity to properly unlock the #SocialFi potential with its simple, fun product.

This is the right formula, in our opinion.
(49/58) 5️⃣ Our Take

The challenge will be to convince traders and subscribers to get started on Perpy.

It only takes a few popular traders on Twitter, Youtube or Twitch to discover the protocol and open a vault and rest assured that a good chunk of their followers will follow
(50/58) 5️⃣ Our Take

Imagine trader-youtubers with profiles as varied as @CryptoCred, Crypto Kirby or @jonzitrades open a vault on Perpy. And now they monitor its activity while streaming with their followers on Twitch or Youtube. The potential of fun and virality is huge.
(51/58) 5️⃣ Our Take

One can even imagine that more-or-less TradFi/Crypto-related influencers on Insta or Youtube would open vaults on Perpy while having them managed by actual traders in the backend.

Influencors get clout. Traders get paid. Followers get gainz.
(52/58) 5️⃣ Our Take

Perpy and #SocialFi have enormous potential ahead, which makes $PRY a token with equally enormous potential.

However, we must be aware of the still significant challenges of this segment of DeFi. But we already talked about that.
(53/58) 6️⃣ Conclusion

You can also discover Perpy by watching our videos on the project on our YouTube channel. It's in French tho, but we'll do one in English in the near future. Meanwhile, subscribe pls.

(54/58) 6️⃣ Conclusion

You can also read our article published in January on our website (yeah, still in French bro) :

offshorecapital.xyz/2023/01/20/per…
(55/58) 6️⃣ Conclusion

You can also subscribe to our monthly report (YES, THERE'S AN ENGLISH VERSION) for 5 € to get a detailed, up-to-date study on the crypto ecosystem and on the economy in general. Our January issue is now free to access:

offshorecapital.xyz/produit/secret…
56/58) 6️⃣ Conclusion

But most importantly, you can now discover the Perpy universe :

Twitter : @PerpyFinance
Site : perpy.finance
App : beta.perpy.finance
Discord : discord.com/invite/perpy
(57/58) 6️⃣ Conclusion

There you go, I hope you enjoyed this thread.

If so, please gib a follow on @offshorecap and check our YouTube channel:

youtube.com/channel/UCatxP…
(58/58) 6️⃣ Conclusion

Credits:

- Memes are mainly from the Perpy community on Discord. S/o to Perpy frens.

- Shout out to @LandfSmile and @2lambro for the inspiration. We wrote this thread in English so Lambro can see that we would never lay eyes on his relatives.
You're a Perpy fan ?

Click down there to read our GIGA-THREAD about the wondeful protocol that is Perpy Finance :

$PRY

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More from @offshorecap

Mar 6
Today, we'd like to introduce you to @AirTorProtocol, a new project that should be of interest for both our fellow $XMR $XHV maxis and our fellow DeFi degens.

So put your Fawkes mask on and let's discover $ATOR.

🧵(0)

1️⃣ Intro
2️⃣ Idea
3️⃣ Tokenomics
4️⃣ Our take
5️⃣ End
1️⃣ Intro

As members of the #PriFi cartel, our research mainly focuses on DeFi, privacy and FOSS solutions to counter the aggressive censorship and oligopolistic maneuvers of the globalist elites.

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Kürz gesagt, the AirTor Protocol is a new project that aims to drastically improve the Tor Network in terms of speed, decentralization and accessibility.

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Mar 4
Follow us frens and let's discover @PerpyFinance, a new and wonderful #SocialFi copytrading protocol coming in HOT in the #SocialFi game.

🧵(0/58)

1️⃣ Intro
2️⃣ Tokenomics
3️⃣ Competition
4️⃣ Public Sale
5️⃣ Our take Image
(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. Image
(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.
Read 13 tweets
Mar 4
🇫🇷 Pas encore de thread sérieux sur @PerpyFinance en français ? On s'en occupe. Découvrons ensemble Perpy, un nouveau protocole #SocialFi de #copytrading sur $GMX qui débarque dans le game avec un super produit.

🧵(0/58)

1️⃣ Intro
2️⃣ Tokenomique
3️⃣ Concu
4️⃣ Public Sale
5️⃣ Avis Image
(1/58) 1️⃣ Introduction

Perpy est un protocole #SocialFi de copy trading qui apporte plusieurs solutions révolutionnaires aux acteurs de la DeFi, à savoir les traders et les holders, et qui a aussi le potentiel d'attirer un large public pas encore familier avec cet univers. Image
(2/58) 1️⃣ Introduction

Le copy trading est devenu populaire ces dernières années en étant promu par des traders/influenceurs qui proposent souvent à leurs abonnés d'accéder à des groupes "secrets" ou "premiums" où ils partagent leurs positions, que les abonnés peuvent copier.
Read 60 tweets

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