Perpetual Dex narrative/trend is still going on and we’re still in the early stage of it as more innovation day by day and many problems need to be solved to give CEX like experience. Missed GMX or MetaVault (MVX) at early stage, then you don’t wanna miss Perp88 because of the best economics for users & USDC rewards with RealYield.

Dragon Dynasty NFT & Confirmed Airdrop Of Perp88 Native Token

So let’s deep dive into it with the following segments:

• What is Perp88?

• Is Perp88 Just A GMX Fork Or Not?

• Tokenomics & Roadmap

• Perp88 Airdrop & Dragon Dynasty NFT

• Tutorial

• Conclusion

🚨𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: You’ll interact with smart contracts, so be cautious on approval transaction or interacting with dApps or smart contracts!!

This is only for 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐮𝐫𝐩𝐨𝐬𝐞, not a Financial Advice (𝐍𝐅𝐀) & always Do Your Own Research (𝐃𝐘𝐎𝐑).

🧙‍♂️What is Perp88?

Perp88 is a decentralized spot & perpetual exchange on polygon which offers up to 88x leverage with zero slippage, swapping assets with 0% price impact, referral program and 85% of protocol revenue in USDC for LPs - highest among the leading decentralized perp exchange.

Perp88 has the best economics for users, specially for LPs as perp88 rewards LPs with 85% of platform revenue. Not only this, perp88 currently charges only 0.09% trading fees on leveraged positions and the highest tier of referral program returns over 50% of trading fee.

🧙‍♂️Is Perp88 Just A GMX Fork Or Not?

A lot of GMX forks are popping up without extra features or innovative ideas for the community. So the most important question is, Is Perp88 just another GMX fork or not?

Perp88 team inspired by GMX, however, wrote the codes from the ground up which is audited by InSpex . Also team added a lot of features into Perp88 because team’s very passionate to build a solid product for the community.

Features of Perp88:

• Best UI/UX On Polygon

• Subaccount For Same Wallet

• Implementation Of MEV-Aegis

• Adopting Diamond Standard (EIP-2535)

• Lowest Fee & Highest Referral Rebates

• Rewarding LPs With 85% Of Platform Revenue In USDC

Team didn’t stop with these features as they’re continuously working to launch Perp88 V2 for listing more assets with synthetic pool, expanding into new chain (expecting Arbitrum), multi-collateral feature, token launch and many more..

🧙‍♂️Tokenomics & Roadmap

Perp88 team’s first priority is building a solid product to sustainably grow its adoption. Because having a native token for decentralized app does not necessarily guarantee project's success nor does not having a native token will doom a project to failure. So team’s focus was on the product development to give the experience among the competitors rather than rushing to launch a native token.

So there is no native token for Perp88! Be aware of fake tokens and always follow Perp88 Twitter to keep updated.

Perp88 team already completed all the previous product development which was mentioned in the roadmap. It shows how passionate perp88 team is! Also team regularly posts monthly recap to keep the community updated.

🧙‍♂️Perp88 Airdrop & Dragon Dynasty NFT

In the recent announcement for Perp88 V2, team revealed that they’re considering to launch native token with the launch of Perp88 V2 and there will be airdrop for Perp88 early users.

Also perp88 team will do minting of **Dragon Dynasty NFT **which is be available to mint for WL users only. Also it’s expected to be happened in Q2 of 2023 based on the current roadmap. Dragon Dynasty NFT will have utilities which isn’t revealed yet, however expecting to get realyield from Perp88 by staking NFT or maybe airdrop during token launch.

There will be only 888 unique NFT from Perp88 and users with WL, will be able to mint it.

🧙‍♂️Tutorial

Airdrop from Perp88 is confirmed, however it’s announced which will be the criteria! Best thing is, early users always get reward for being with the projects. So lets use Perp88 dApp for the upcoming airdrop. Also don’t forget to participate into Dragon Dynasty NFT WL campaign when it’s launched.

Multiple ways to interact for airdrop(Speculation):

• Leverage Trading

• Swapping Assets

• PLP Staking For RealYield

• Referral Program

Now lets see how we can complete all to secure future airdrop. Try to make more volumes for better rewards.

• Visit Perp88 dAppp

• Connect wallet & make sure to select Polygon Chain on Metamask (MM)

• Click Submit button & sign in MM

• Now create your referral link by typing your preferable code and click Generate Code button to sign in MM

• We’re now done with referral program

Now lets look into swapping assets & leverage trading which same like other perp dex. However explaining it for everyone!

• Click Trade button to visit trading page.

• You can use Subaccount option from top section to use different strategies by using only one wallet.

• Select Swap option to do swapping assets with 0% price impacts.

• You can Long Or Short bluechip assets with up to 88x leverage. First click Enable Market Order to do leverage trading. You can select leverage and also any price type like Market or Limit or Trigger

• After enabling market order, you can now select collateral assets like USDC or USDT

• Now do approval transaction for USDT, USDC, WETH or WBTC to use for leverage trading

• Don’t provide unlimited approval, always use custom amount for approval transaction

• Make sure to select the amount and right leverage size before opening a Long or Short position

• Click Long WETH or Short WETH button and again click Long WETH or Short WETH from the popup confirmation.

• Confirm the transaction in MM to open your position.

• Use 1% slippage during volatile market!

• Scroll down to see your current positions as well as PnL of your positions.

• Click Edit button to adjust your collateral for that position.

• Close any position with Market or Trigger price by clicking Close button.

• Click on the 3 dots to share PnL of that position like Cex!

Now we’re done with swapping assets as well as leverage trading on Perp88 dApp. Lets invest into PLP Fund to earn USDC from RealYield.

• Visit invest page.

• If you’re using any other assets except MATIC , you will need to do the approval transaction at first place.

• Now click Approve PLP button because you will be able to buy PLP and auto-stake in single transaction.

• Finally click Buy PLP button and confirm transaction to buy & auto-stake for USDC Rewards.

Note: After buying PLP, There is a cooldown period to prevent constant minting or redeeming of PLP.

• Visit Earn page.

• You’ll be able to claim your USDC rewards.

• Also you can Stake or Unstake PLP from the earn page.

Congratulations, we successfully completed every interaction with Perp88 dApp for future airdrop.

🧙‍♂️Conclusion

Well done #BitByteFams for securing your position for the Perp88 Token Airdrop! Now wait for different giveaway campaigns from Perp88 as well as don’t forget to participate into Dragon Dynasty NFT WL giveaways in future.

Perp88 team’s doing weekly giveaways for the community. So don’t forget to participate into those giveaways to earn USDC or PLP . Also you will interact with the dApp which will increase the chance of Perp88 Airdrop.

Be a part of Perp88 Community by using the following links:

🌐 Website: perp88.com
🐦Twitter: twitter.com/0xPerp88
🤖 Discord: discord.gg/AXWPyNxf3a
💻Github: github.com/perp88
📚Blog: medium.com/perp88

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