Perpetual Protocol released Bi-weekly Update

Highlights in the last development sprint

🧑‍🔬 v2 Development

  • The development team is hard at work and making steady progress on v2, the current #1 focus. Head to the to-dos section below for details on the ongoing Curie development effort!

🤝 Partnership/Marketing

  • Big Brain Challenge
    While we’re busy building v2, we made a quiz to test our community’s knowledge of Perpetual Protocol and have a chance to win 7 $PERP. The campaign is now over but you can still try out the quiz here.
  • Business Development Team Expansion
    The biz-dev team hired two new members, expanding our resources considerably. In DeFi where integration with the broader ecosystem is so important, this will let us improve our reach and ability to work with partners new and old.

To-dos in this development sprint

đź“‘ Smart Contracts

  • Building and Researching V2 (🚧 still work in progress!)
    Currently, the basic trading function for v2 is complete. We’re implementing funding payments and liquidations, and researching the best way to charge traders transaction fees.

🛢 Backend

  • Adding Support for V2 (🚧 still work in progress!)
    For this task, we’re mainly working on the design of the subgraph interfaces for v2. Till now, we’ve designed the interfaces for positionChanged events and trader PnL. We’ll work on the interfaces for AMM-related events and funding payment history in this sprint.

đź’» Web

  • Mobile Web UI (🚧 still work in progress!)
    For now, if you want to trade on Perpetual Protocol on the go, please use the lite mode or trade.apex.win instead (note APEX uses Perpetual Protocol on the back-end, but positions will not show across perp.exchange and APEX.)
  • Desktop Web UI for V2 (🚧 still work in progress!)
    We’re working on a new trading UI for v2, which accommodates new functionalities such as leveraged liquidity provisioning and (potentially) liquidity mining. This new UI follows the same design principles as the mobile web UI and will launch alongside it.

🤝 Partnership/Marketing

  • Referral Program (🚧 still work in progress!)
    Our referral program is growing and it’s almost time to launch phase 2 with an all-new dashboard to make it easy for referral partners and their traders to keep track of rewards, as well as help us scale the program.
  • V2 Marketing (🚧 still work in progress!)
    We’re on a lot of podcasts/interviews in the previous sprint, including The Delphi Podcast, Bankless, and Arcane Bear. If you’re more of a reader than a listener, you can also check out coverage from Delphi Digital and Bankless. There will be even more events in the run-up to v2 testnet.

📰 INFO 

https://perpetualprotocol.substack.com/p/bi-weekly-update-11-202172689

Market Stats:
BTC Dominance: 57.61%(+0.96%/24h)
ETH Dominance: 12.38%(-0.39%/24h)
Defi Market Cap: $113.4B(+55.32%/24h)
Total Market Cap: $3351.16B(-8.60%/24h)
Total Trading Volume 24h: $291.62B(+53.88%/24h)
ETH Market Cap: $412.82B
Defi to ETH Ratio: 27.47%
Defi Dominance: 3.25%
Altcoin Market Cap: $1420.69B
Altcoin Volume 24h: $187.02B
Total Cryptocurrencies: 32913
Active Cryptocurrencies: 10429
Active Market Pairs: 94797
Active Exchanges: 771
Total Exchanges: 9750
BTC: 97385.15$(-2.64%/1H)
ETH: 3440.8$(-4.21%/1H)
AVAX: 39.31$(-6.03%/1H)
BNB: 663.25$(-3.77%/1H)
MATIC: 0.48$(-6.37%/1H)
FTM: 1.02$(-7.41%/1H)
ADA: 0.88$(-6.24%/1H)
DOT: 7.01$(-6.18%/1H)
UNI: 13.54$(-6.41%/1H)
CAKE: 2.54$(-5.82%/1H)
SUSHI: 1.52$(-8.45%/1H)
ONE: 0.03$(-6.13%/1H)