Monthly Update — July 2020

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It has been super productive and rewarding months for us in June and July!

First, we revamped our entire frontend from a Uniswap-like UI to a perpetual exchange-like UI based on the feedback from the interviewees on our waiting list (thanks to each one of you 🤚).

UI in June
UI in July

Secondly, we launch our first trading competition on the Ropsten testnet with a prize pool of 150K SKE starting from 2020/7/28 13:00(UTC) to 2020/8/11 14:00 (UTC).

We’ll write a summary for the entire competition once it’s over, but here is some stats for the first week:

🏓 Number of Traders: 250
🔢 Number of Trades: 1361
🌊 Number of Liquidated Positions: 54
📈 Total Volume Generated: 297M USDT (volume from our not-ranked arbitrage bot included)
💰 Transaction Fee for Stakers: 148,500 USDT

In case you haven’t joined our trading competition yet, here is the link to our exchange, and here is the countdown to the end of the competition.

Thirdly, as the first step toward decentralization, we’ve opened up our forum to allow community members to get involved in with the decision-making process for Strike Protocol, such as:

🖨️ Inflation and staking rewards
⛏️ Liquidity mining rewards
🚀 Supported markets at the launch
⛰️ Road to decentralization

Product Development

Our Roadmap in June&July
✔️️ Staking SKE in Staking Reserve
✔️️ Staking rewards distribution
✔️️ Transaction fees distribution
✔️️ Insurance Fund
✔️ ️Profiling and optimization
✔️️ Funding rate bot
✔️️ Pro exchange UI
✔️️ Emergency shutdown
🚧️️ Internal smart contract audit

Our Roadmap in August
📦 Bounty program
📦 Token distribution (IDO)
📦 Mainnet beta launch
📦 Smart contract audits

Community

Community Growth in June/July

Thanks for reading our monthly update for July!
Feel free to ask us any questions on our Discord server or pm us on Twitter.

🌎 https://perp.fi/
📚 https://docs.perp.fi/
#️⃣ https://twitter.com/perpprotocol
📱 https://discord.gg/mYKKRTn

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