Perpy Unveils Exciting Updates, Launches New Features, and Lists on a New Exchange
Perpy has recently announced a series of interesting updates, from the introduction of a points system leading up to an airdrop, to the launch of its Spot Vaults, and its listing on a new exchange. The Perpy protocol is constantly improving.
Highlights of the Latest Perpy News
- Perpy launches its new points system based on ‘Eggs’, setting the stage for an upcoming airdrop.
- The $PRY token from Perpy has recently been listed on the MEXC exchange.
- Perpy also announces the deployment of its Spot Vaults, decentralized vaults that allow traders to share their trading operations and investors to follow them.
Perpy is a social trading and asset management protocol where traders can monetize their trading skills by creating decentralized ‘vaults’. On the other hand, investors can capitalize on the expertise of the traders by investing in these vaults.
Launching a Points System Leading up to an Airdrop
Perpy has recently unveiled a revamped points system that not only rewards user engagement but also creates anticipation for the upcoming airdrop. Instead of using a traditional points system, Perpy introduces ‘Eggs’ as a reward currency. Eggs represent the level of participation and engagement of users within the Perpy ecosystem. Users can earn eggs by trading on the Perpy perpetual and spot markets, investing in other traders’ vaults, and staking cryptocurrencies in Perpy’s staking pools. To learn more about Perpy’s points system, click here.
A monthly airdrop of PRY tokens is planned, with a distribution of 20% PRY direct and 80% xPRY. In total, 20 million PRY tokens, representing 2% of the total supply, will be distributed over a period of 8 months. Each ‘Epoch’, which lasts four weeks, resets the counters. To learn more about Perpy and how to create a vault, read our guide here.
Introducing Spot Vaults on Perpy
Perpy has recently launched Spot Vaults, decentralized vaults that allow experienced traders and asset managers to publicly share their trading operations and performance, as well as build their own community of investors. Investors can follow the strategies of experienced traders, benefiting directly from their expertise and accumulated performance. This approach is centered around transparency and decentralization, providing detailed and transparent statistics for investors to evaluate the journey and performance of a manager/trader before committing. An interesting feature of Spot Vaults is the absence of whitelists for tokens and buying or selling limits, allowing for complete freedom of action. Spot Vaults are currently available on Arbitrum, with support for other networks such as Ethereum and BNB Chain coming soon. Perpy has also teased support for the Base network, although this is yet to be officially confirmed by the Perpy team. Learn more about Spot Vaults here.
Voting for the Funding of $96,000 ARB
After successful screening, Perpy’s request for $96,000 ARB funding is currently being voted on until April 16th. If successful, the funding will bring various benefits, including trading fee discounts, trading competitions, and incentives for creating new vaults, fueling the usage and expansion of Perpy. Find out more about the funding here.
Perpy Launches New Landing Page
Perpy has unveiled its new landing page, focusing on the unique value proposition of the protocol and its ambitious 2024 roadmap. Key elements of the roadmap include the deployment of cross-chain deposits, the launch of MetaVaults, the improvement of Perpy’s SocialFi aspect, listing on a new tier 1 CEX, and support for the gTrade protocol for Perpy vaults, adding over 130 trading pairs. Dive into the roadmap here.
Listing of $PRY Token on MEXC
Originally listed on the decentralized protocol Paraswap, Perpy’s $PRY token has now been listed on its first centralized exchange, MEXC. Since April 3rd, 2024, investors can trade $PRY for USDT directly on MEXC. For more information about Perpy and the protocol’s functioning, refer to our general project introduction article here.
