Highlights in the last development sprint
📑 Smart Contracts
Implement Partial Liquidation*
Your position will now be liquidated proportionally based on its margin ratio:
😢 When the margin ratio is between 6.25%~2.5%, ¼ of the position will be closed.
😭 When the margin ratio is below 2.5%, the entire position will be closed.
📜 Read more: http://perp.link/3egyjw
Implement Oracle-based Check on Margin Calculation*
In severe market conditions, the system will double check against the index price (ie. the price from Chainlink) when calculating margin ratio. This check comes into effect when the mark and index prices diverge by 10% or more.
📜 Read more: http://perp.link/3fehya
Implement Order Size Limitation*
Users can only close up to 25% of their position when the price impact of the order exceeds ±1.2%. The UI will also be updated accordingly to accommodate this update.
Feature implemented to mitigate the effects of flash crashes in the future.*
Now, perp.exchange supports 12 languages, including Chinese, Japanese, Korean, French, Vietnamese, etc. You can change your language setting by clicking the language icon in the top-right corner.
Perpetual Protocol Command-line Tool (Read-mode)
You can now look up information on Perpetual Protocol with this command-line tool. In the future, the tool will also allow users to perform trading operations.
Blockcrunch podcast’s sponsorship has been rolling since last sprint. This campaign will run for 13 weeks.
Referral Program Pilot
We have been working with some influencers to test out our referral program, which should attract more users. In the early phase, referrals will be limited to influencers partnered with Perpetual Protocol.
Genesis Vision Partnership
Once this integration is complete, people can pick fund managers on Genesis Vision to trade on their behalf on Perpetual Protocol.
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
Perpetual Protocol Command-line Tool (Read/write-mode)
After this update, you can interact with Perpetual Protocol’s smart contracts using just command-line software. 🤓
Mobile Web UI (🚧 still work in progress!)
Our mobile web interface is still WIP but the Lite Mode described below will also be usable via mobile 👇
Lite Mode for perp.exchange
To make perp.exchange more beginner-friendly, we’ve developed a lite version for users who are more accustomed to a Uniswap style trading experience. This UI will be open-sourced in a few weeks.
Gas-free USDC deposits (🏁 finish line in sight!)
In this development sprint (if not this week), users will be able to deposit USDC without paying any gas fees - Metamask or hardware wallet users alike.
PERP Together (🏃♀️ Still running)
Trade, stake and win—every week.
1️⃣ Trade on perp.exchange and receive pPERP tokens;
2️⃣ Stake pPERP at Pool Together (Make sure to set gas price to 1 Gwei);
3️⃣ Win weekly prizes! 10 traders win $500 in PERP each.
(pPERP and prizes are distributed every Tuesday)