Highlights in the last development sprint
Exchange website design overhaul
New designs for both desktop and mobile are now done. We’ve also assigned implementations tasks to the front-end team. Expect to see some changes coming in the next few weeks!
Native xDai UI
Trezor and Ledger users can now trade on perp.exchange in three simple steps:
1️⃣ set up xDai Chain on your Metamask manually or automatically,
2️⃣ send your USDC to xDai Chain via OmniBridge, and
3️⃣ get some xDai for gas fees (make sure to always use 1 gwei gas price on xDai!)(🙋♂️ ask our mods on #community-support channel to get some free xDai)
The multilingual functionality on perp.exchange is done, but there are few sections that remained to be translated. We will release this feature as soon as the translation is finished.
Direct Market Links
Tried of switching between markets on perp.exchange? Now, you can access a specific market with a direct link like perp.exchange/t/BTC:USDC.
ROI Card / Flex Card
A bounty team has built an automated tool that generates return-on-investment cards on-demand, which will make it easier for you to show off your trading skills on social media. It’ll be implemented in the following weeks.
We partnered with Unslashed Finance and bought cover worth $2.5M to protect all traders against any smart contract hacks. (We also have bought another $2.5M worth of cover from Armor Finance.)
To-dos in this development sprint
Onboarding guide (🚧still work in progress!)
We are designing a visual how-to intro on perp.exchange to help first-time visitors get started trading faster on perp.exchange.
📑 Smart Contracts
Multi-chain and Layer 2 research (🏃♀️ Ongoing!)
We feel that xDai is performing very well so far, but new chains and technologies also open the door for new markets and users. Perpetual Protocol is always keeping an eye on further scaling options. We will be researching and testing possible deployment on Binance Smart Chain (BSC) as well as Arbitrum.
Permissionless market creation design evaluation (🏃♀️ Ongoing!)
The ability for anyone to add trading pairs on Perpetual Protocol is a key part of our mid-term roadmap. We are currently evaluating designs for permissionless market creation design in partnership with Delphi Digital.
Partial liquidation and Oracle-based margin ratio calculation
We’ll implement the partial liquidation and Oracle-based margin calculation, which should mitigate the seriousness of potential flash clashes in the future.
Gas-free USDC deposits (🚧 still work in progress!)
Gas-free trading (for Metamask) is cool, sure, but we want to go one step further. Gas-free deposits! In the coming weeks, users will be able to deposit USDC without paying any gas fees.
Mobile Web UI (🚧 still work in progress!)
Accessing trades anytime, anywhere can be critical in the 24/7 world of crypto trading. Expected out within a month or so, the mobile version of perp.exchange will allow people to trade perpetual contracts on the go from their favorite wallet app, such as Metamask Mobile, imToken, or AlphaWallet.
Perpetual Protocol is launching a Pool Together pool! Trade, stake and win—every week.
1️⃣ Trade on perp.exchange and automatically receive pPERP tokens;
2️⃣ Stake pPERP at Pool Together (xDai version for low fees 🙌);
3️⃣ Win weekly prizes! 10 traders will win $500 in PERP each.
We will sponsor the Blockcrunch podcast starting this week. The campaign will run for 13 weeks.
Referral Program Pilot
We will start working with some influencers to test out our referral program, which should attract more users. In the testing phase, referrals will be limited to influencers partnered with Perpetual Protocol.
Save 90% on Gas Fees by Depositing from Binance (Medium)
Did you know it’s possible to deposit USDC from Binance and trade on perp.exchange without ever paying a single cent in Ethereum gas fees? 🤯 Read the article to find out how!
Perpetual Protocol Live AMA with Binance Turkey (Medium)
Do you have friends who haven’t heard of us? If you do, please share this beginner-friendly AMA transcript to them, where we cover everything you need to know about Perpetual Protocol.
Interchain Transaction Bridge — The Missing Key to Creating Seamless UX in a Multi-chain Universe (Medium)
Fun fact: If you use Metamask with no hardware wallet, you will be using perp.exchange from Ethereum, even though the protocol is on the xDai Chain. Check our blog post to know how we achieve this.