Thread by @ReveloIntel

The @perpprotocol team recently hosted a Community Call to discuss the impact of $OP's coming #Bedrock Upgrade, updates to their rewards program, and the features and functions of PerpSim 2.0

Here are some of the key takeaways 🧵

1/ Jamie says that there will be downtime on the Optimism network during the upgrade and to prepare for the upgrade, Perpetual Protocol will be paused half an hour prior to the upgrade.

2/ He says that traders can look forward to cheaper gas costs after the upgrade, with costs expected to be reduced by about 10%. He says that the upgrade will result in shorter wait times when bridging funds to Optimism; from the current wait time of 10 mins to about 3 mins.

3/ He advises users to ensure their margin ratio is high enough before the upgrade, especially if they're using more than 2x or 3x leverage.

4/ He says that starting June 19th, there will be a reduction in liquidity mining rewards for Pool Party.  The rewards will be reduced to 270,000 $PERP per month.

5/ Lee (co-founder) says that PerpSim 2.0 has been released. He says that the tool provides a lot of information including the different assets supported, a liquidity graph showing how liquidity is distributed, and tools to set theoretical ranges for providing liquidity.

6/ He says that the tool provides backtesting features and simulation capabilities, and users can now directly add and remove liquidity from its interface.

A lot more was discussed during this Community Call.

If you're interested in Perpetual Protocol and what the team is up to, read the full Note here: revelointel.com/perpetual-prot…