First Fixed price, hard cap launch on CamelotDex

Copy trading protocol PerpyFinance

First Fixed price, hard cap launch on @CamelotDex @arbitrum

Will this fix Camelot's launch problem?

Copy trading protocol @perpyFinance

📍In the Thread

1️⃣ What is Perpy

2️⃣ Opportunities & Challenges

3️⃣ Summary

But first check out my sponsor !

ArchimedesFi is having their second leverage round 🏛️

Key takeaway:

👉 New leverage round starts Feb 23rd at 4pm PST

👉 Est. 33% Net APY 🤤

👉 Leverage Cap is increased by at least 3x for 2nd round!

Whats ArchimedesFi ?

ArchimedesFi Fix Rate borrowing + undercollateralized leverage & $ARCH token to capture value?

Archimedes 🏛️🦇🔊 @ArchimedesFi

📢 G(r)eeks 📢 Our Second Leverage Round 🏛️ starts tomorrow at 4pm PST with 💰 $1M of leverage available! Who's ready for great risk adjusted returns? 🫡 More details below 👇

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)

4) 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.

Pls like n comment to help the algo!