Twitter : 2lambro
Substack : 2lambroz.substack.com
lens : 2lambroz.lens
First Fixed price, hard cap launch on Camelot
Will this fix Camelot's launch problem?
Copy trading protocol perpyFinance
📍In the Thread
1️⃣ What is Perpy
2️⃣ Opportunities & Challenges
3️⃣ Summary
TLDR
It is a copy trade protocol integrated with @gmx_io , allows Traders to create a vault for Investors to deposit to copy trade.
$PRY token can be stake for fees, platform fee reduction & governance
1️⃣What is Perpy
🔹Protocol Flow
🔹Fees break down
🔹$PRY Token Distribution
🔹$PRY Token Utility
🔹Current Traction
🔹Protocol Flow
1 ) Investor deposit USDC via Gelato (decentralised backend) into Trader’s trading vault.
2 ) Gelato will deposit Investors USDC into Trader’s Vault when there are no active trades
3 ) One its deposited into the trading vault, Investor will get a Share of the vault indicating it’s position (% of the vault investor owns)
- User can withdraw the USDC when the trade is closed
🔹Fees break down
🅰️Performance fee
• Trader can set 10%-50% on their vaults
• 20% of the 10%-50% goes to DAO
• Fees are only charged on profit
🅱️Exit Fees
• 0.3% for Vaults without trade in progress
• 1.5% to decrease size when there is an active trade
• 5% to close the trade when there is an active trade
🔹$PRY Token Distribution
40% Public Sale Fully unlock at TGE
10% Team 6 months cliff and 18 months of vesting
5% Future Team 6 months cliff and 18 months of vesting
25% Community & Ecosystem 25% max per year will be used
20% Perpy Foundation 6 month Cliff and 24 months vesting
🔹$PRY Token Utility
• 90% of the Protocol revenue & exit fees to stakers
• 10% of the Protocol revenue will be voted by stakers for
• reinvestment, buy back $PRY or distribution
• Fee Reduction
🔹Current Traction
• TVL unclear ~ rough math not high
• Most followed trader with 40 followers @Raamieel
• Highest TVL Fire fist with US$5337
• Highest all time return 177.96% @lotw50 ( n he FOLLOWS me! )
Protocol partnership so far
@vertex_protocol
@PythNetwork
@Buffer_Finance
Key marketing events happened
@fungialpha ama
@diamondpepes (not sure is it just single side integration or partnership
2️⃣ Opportunities & Challenges
🔹Not proven sector in decentralised (in CEX yes)
🔹Limited tradable asset based on GMX
🔹Competitive landscape
•@NestedFi over 30k portfolios, 1500 cryptocurrencies available
• @stfx_io similar offering with more traction
• @puppetfinance ,by @GblueberryClub from @gmx_io
• @factorDao is hot with lot of marketing support
🔹CEX copy trading platform
3️⃣ Summary
I am not 100% about this perpy finance, low traction in a competitive field that heavily rely on marketing & business development.
However they are on @arbitrum (hot chain) launching on @camelotdex (hot launchpad) with “Fixed price, hardcap” which hopefully fixes @nitrocartel & maybe @factordao problem of pushing the valuation too high at the start.
🐑Action
wait for more details about the valuation & market when the launch comes closer. It doesn’t have to be the best product in the market to be a profitable investment.
