[Announcement] Teahouse “Perpetual Protocol LP Strategy” Launch (with Prizes)!
Two weeks ago, Teahouse launched our first-ever public strategy vault running on Perpetual Protocol V2 (Curie). If you missed it, please see our announcement, and our joint AMA + DEMO recording.
We’re happy to report that its first-week performance is an impressive 107.10 % APR!! (calculated by multiplying the week’s performance by 52)
This week, to double-down on the celebrations, we are adding awesome prizes to raffle off to participants who make deposits into the Perpetual Protocol LP Strategy vault before the end of February.
Thirteen winners will be randomly selected to win the below limited-edition prizes: 3 Teahouse-branded Nifty hardware wallets by SecuX, 2 Perpetual Shark x Teahouse hoodies, 2 $50 Perpetual merch store gift cards, and 5 Teahouse HighTable poker cards.
The Giveaway
We will be running the giveaway in our Discord using NFTs from Galxe. Snapshots will be updated weekly on Mondays Pacific Time. You will need to enter the giveaway in Teahouse Discord to participate.
Users who deposit > $10 and follow Teahouse & Perpetual social media will get this NFT.
Users who deposit > $100 and follow Teahouse & Perpetual social media will additionally get this NFT.
Users who deposit > $500 and follow Teahouse & Perpetual social media will additionally get this NFT.
Each of these NFTs will act as a raffle ticket in our drawing for the prizes mentioned above. The drawing will be done in our Discord and winners will be announced on or after 2/28/2023.
And… did we mention that Teahouse is pre-token/IDO?
You might want to hold on to these, *wink wink*.
The Strategy
The “Perpetual Protocol LP Strategy” runs entirely on Perpetual Protocol V2 (Curie) on the Optimism chain. It uses the majority of the funds to provide liquidity on Perpetual, with some reserves for hedging, which also happens on Perpetual. The strategy utilizes various inputs including volatility to dynamically adjust the LP ranges and hedge positions in order to maximize trading fees made while keeping impermanent loss (IL) contained. Prior to this public launch, made available by a grant from Perpetual Protocol (thanks, Perp!), it was only available to Teahouse HighTable NFT holders.
Come Have Some Tea!
A list of our other high-yield strategies (HighTable holders only) can be found on our app, categorized into different risk categories for user’s convenience.
Interested in joining our awesome community as a Teahouse HighTable NFT holder? We will soon begin our second sales phase (WL-only), which will culminate in the long-awaited reveal, with “profession”-based bonuses! Stay tuned in our Discord for more details!
