Monthly Recap: February 2023
Hello Dragons! 🐉
Welcome to our February ’23 recap! Over the past month, we’ve seen some exciting developments of Perp88. From our integration with top data sites to achieving the highest monthly trading volume to date, we’ll be diving into these topics and more, so be sure to read on for all the details!
So without any further ado, here is the list of the key developments of Perp88 in February 2023!
- Implementation of the “Diamond Standard” from EIP-2535
- PLP Yield Report
- Integration with De.Fi
- Integration with DeBank
- Release of Trading Leaderboard Feature
- Giveaway Campaigns
Protocol Statistics Update 📊
Let’s first start with the update on the protocol statistics:
- $1,670,000 in TVL (+$0)
- $15,000,000 in total trading volume (+$8,000,000)
- 890 unique users (+70 users)
Perp88 has made significant progress in the month of February, especially in terms of our Total Trading Volume, which had more than doubled during the month!
Implementation of the “Diamond Standard” from EIP-2535 💎
Perp88 is the first Decentralized Perpetual Exchange to have implemented the “Diamond Standard” on its smart contract on Polygon. The Diamond Standard is a new, state-of-the-art smart contract architecture for upgradeable contracts, which allows for virtually unlimited contract size, enabling DeFi projects to innovate repeatedly on their protocols without the need for tedious and risky migrations for users.
Note that the Diamond Standard from EIP-2535 is currently not supported by Polygonscan. To interact with our contract directly, you will need to use a tool called “Laika”. A guide on how to do so can be found here.
For more details on Perp88’s implementation of the Diamond Standard, please visit the Medium article here.
PLP Yields Report 💰
Since Perp88 launched in November 2022, February ’23 has been the best month yet, in terms of yields generated on the PLP. For three consecutive weeks, the yields from PLP sat consistently above 20%, which is driven by the high growth in trading volume the protocol saw during the month.
To deposit funds into PLP, please visit here.
Integration with De.Fi 🖥
We have successfully integrated with De.Fi (previously known as DeFiYield.app). De.Fi is a cryptocurrency asset management dashboard, that allows users to easily manage their cryptocurrency portfolio as well as explore any new yield opportunities across different chains.
With this integration, users of De.Fi will now be able to see their PLP deposits as well as discover the PLP fund on the Explore page, which hopefully would help spread awareness of Perp88 and attract more potential market makers to the platform.
The integration is already complete. You can visit their site here.
Integration with DeBank 🖥
We are thrilled to announce that Perp88 is currently working with DeBank, one of the leading DeFi platforms in the industry, on the integration between the two protocol. This integration represents another significant milestone for our project, and we are excited about the opportunities it brings to our users.
DeBank provides a seamless user experience that makes it easy for users to connect their wallets and access their assets securely. The platform is designed to be user-friendly, intuitive, and easy to navigate, ensuring that users can focus on what matters most: managing their crypto assets. Once the integration is complete, we will make an official announcement on our social channels.
Release of Trading Leaderboard Feature 🏆
We released the trading leaderboard, which now features the top traders and top open positions by PnL in 24 hour, 7-day, and 1-month timeframe.
The feature was originally prepared for our first trading competition. However, as we shift our primary focus towards developing Perp88 V2, we will postpone the trading competition to after the launch of Perp88 V2.
Giveaway Campaigns 🧧
As usual, we’ve awarded over $1,000 USDC to community members who participated in our four February giveaway campaigns.
We’ll continue to host weekly giveaway campaigns, so stay tuned and be on the lookout for the next opportunity to win big with Perp88.
Closing Remarks 🙇
Thank you for reading our February recap! We hope you found it informative and insightful. As always, we are grateful for your continued support and look forward to sharing more updates with you soon. Stay tuned for more exciting developments in the future!
Official Links 🔗:
Please find below the official links of Perp88:
Website │ Docs │ Twitter│ Telegram │Telegram Announcement│ Medium Discord │ Github
