What is Perpy Finance? There are many people interested in Crypto trading and investing. However, many of them are not professional investors, they do not have a suitable investment strategy for themselves but still want to earn profits from the market. Perpy Finance was born to solve this problem. Let’s find out the details of this project!
What is Perpy Finance?
Perpy Finance is a copy trading platform, a place to connect users and highly profitable traders on the GMX exchange.
Through the platform, users can see information about high-performing traders and traders who are followed by many people. From there, earn profits through the trading strategies of these traders.
What Are The Highlights Of Perpy Finance?
- Users do not need to be too technically knowledgeable, nor do they need to be professional traders to make money from the Crypto market.
- Solve the safety problem in investment trust, when the user’s money is in the project’s Vault through Smart Contract, not in the trader’s wallet.
How It Works
- Step 1: Users deposit USDC into the Vault of their favorite Traders and receive an amount of shares (Shares) corresponding to the amount deposited.
- Step 2: Traders will create appropriate trading strategies to bring profits to Vault and receive a fee called Perfomance fees.
- Step 3: Through Smart Contract, the platform will interact with the GMX exchange based on the trader’s strategy.
What are performance fees?
Perfomance fees are fees created by traders with a margin ranging from 10% – 50%.
Suppose trader A sets Perfomance fees at 10%, then when Vault makes a profit of 1000 USD, Perfomance fees will be 100 USD.
Traders must pay a 20% Perfomance fee to the project’s DAO. This means that 20 USD will be retained by the platform, the trader makes a profit of 80 USD.
Development Roadmap
Q1 2023
- Gelato integration: Automatic Deposit, automatic Withdraw for users.
- Smart Contracts Audit.
- Launching Staking Token.
- Public Sale.
Q2 2023
- Launch of DAOs Treasury.
- Partnership with DEX EVMs.
- Add Synthetic Assets to your trading assets.
- Design Multichain contract to interact with DYDX on Cosmos and Starknet.
- Beta testing on Lens Protocol.
Q3 2023
- Launching Trading Vault 2.0.
- Integrate DEX across various chains.
- Trade Real World Assets.
- Deploy on Starknet.
- Launched Mobile App.
Core Team
Update…
Investor
Update…
Tokenomics
Overview information about PRY token
- Name: Perpy Finance
- Ticker: PRY
- Blockchain: Update…
- Contract: Update…
- Total supply: 1,000,000,000
Token Allocation
- Public Sale: 40% will be paid off at TGE.
- Team: 10% locked for 6 months after TGE, then paid in monthly installments within 18 months.
- Future Team Members: 5% for future members. Tokens will be locked for 6 months from the date of recruitment, then paid in monthly installments within 18 months.
- Community – Ecosystem: 25% for incentive programs, tournaments, community rewards, partners… (maximum 25% of these tokens per year). Part of it is used to create project liquidity.
- Foundation: 20% supports projects and ecosystems. Token locked for 6 months after TGE, then paid in monthly installments within 24 months.
Token Use Case
PRY is used for the following purposes:
- Project management.
- Staking to receive profits from project revenue and user withdrawal fees.
- Reduced fees for both Traders and users when interacting with the vault.
- Early access to Trading Vault 2.0.
Exchanges
Update…
Project Information Channel
- Website: https://beta.perpy.finance/
- Twitter: https://twitter.com/PerpyFinance
- Discord:
Summary
Perpy Finance is a Defi project with quite an interesting idea, connecting professional and amateur investors. The project solves the problem in the Defi space.
However, I still see many problems in Tokenomic design, too many Public Sale. Team Founders is unclear as 2 Founders took the names of a Swiss philosopher and a French writer.
Follow Weakhand for future project updates!