Monthly Recap: December 2022

Hello Dragons! 🐉

Welcome to the second monthly recap of Perp88. First of all, we’d like to take this opportunity to wish you the very best for 2023 and hope this year is filled with abundant joyprosperity, and profitable leverage!

As we embark into 2023, let’s take a quick look at the things we were able to accomplish in December 2022!

Protocol Statistics Update 📊

Perp88 has continued to grow across all the three key metrics since our previous update in November. Below, we share with you the specific growth numbers of the protocol.

  • $650,000 in TVL (+$200,000)
  • $2,800,000 in total trading volume (+$500,000)
  • 760 unique users (+160 users)

Release of Protocol Analytics Page 📈

In early December, we released the first version of the protocol analytics page. With the release of this feature, users will now be able to get access to key statistics of Perp88, which currently include Volume (Deposit & Trading), Fees Accrued, AUM & PLP Supply, No. of Unique Users for Each Feature, User Actions, and Swap Sources.

We are currently working on the backend to add more data to the analytics page to create an even more comprehensive data base for our users. If you have any recommendations or requests on any additional statistics, please do not hesitate to get in touch with the team and let us know via Telegram or Discord.

Giveaway Campaigns 🧧

Over the past month, over $1,000 USDC was up for grab for community members who participated in the three giveaway campaigns. As these campaigns are designed to reward the users of Perp88, if you already use Perp88 as your main decentralized trading platform, you should automatically qualify for a chance to win rewards from these campaigns.

Going into 2023, we will continue to host weekly giveaway campaigns. However, please note that going forward, we plan to distribute giveaway rewards in PLP tokens instead of USDC. This adds an additional touchpoint to the protocol for the giveaway winners and will provide some utility to the protocol.

Our first campaign of 2023 is currently live and you can still participate If you haven’t already! Be sure to do so, so you don’t miss out on any PLP rewards!

Dragon Dynasty NFT 🐲

Since the announcement of the Dragon Dynasty NFT collection, we have held multiple trait competitions to crowdsource ideas from the community. So far, over 3 trait competitions have been held with over 12 whitelist spots distributed to the 12 lucky winners.

Below are the three “Skin” traits that were created based on the community submissions:

From left to right: Spirit, Muertos, Cyber

Our in-house artist is currently working on the community submissions for “Eye” and “Hat/Head” traits. Once complete, we will share these designs with you in the next monthly update.

If you did not win a whitelist from the previous four trait competitions, there’s still a chance! We have two more trait competitions to go, until the whole collection is complete, and one of which is still ongoing. If you haven’t already, please do not forget to submit your favorite traits for a chance to win a whitelist spot for our free-mint whitelist only NFT collection!

Integration with Chainlink ⛓️

We have officially integrated with Chainlink price feeds to help secure our spot and leveraged trading and deposit and withdrawal features.

One of the key known risks of using decentralized perpetual protocols is frontrunning risks. Chainlink Price Feeds on Polygon have a fast heartbeat, which significantly reduces the window of opportunity for a potential exploiter — a key advantage alongside its proven performance, decentralization, security, and reliability.

If you’d like to get more information on the integration or how Chainlink helps Perp88 reduces the frontrunning risks, you can find more details in this article.

Release of a Step-by-Step Guide on Perp88 Direct Contract Interaction 👣

In the past month, a few community members reached out to us to inquire about how to interact directly with Perp88’s smart contracts on PolygonScan. As you might already know, Perp88 implements the Diamond Standard from EIP-2535 on our smart contracts, which is currently not supported on PolygonScan.

To interact directly with Perp88’s smart contracts, you will need to download a tool called Laika. We have written a step-by-step guide on how you can get yourself set up and use the tool to interact with the contracts in case Perp88’s frontend is out of service or for other purposes. You can find the step-by-step guide here.

If you have any problem understanding the guide and would like any clarifications from the team, please do not hesitate to reach out to us via Telegram or Discord.

Perp88 Ambassadorship Program 🕴️

As part of the initiative to grow Perp88, we are currently looking for ambassadors to help spread the awareness of the protocol, which would support the platform’s growth in terms of trading activity, TVL, and user base.

The Ambassadorship Program is established to onboard influencers who are native to the DeFi space, and has a track record of leading or providing valuable knowledge and insights to their follower base or community.

If you are one of these influencers, we would like to establish a long term partnership with you where your rewards and benefits will be based on not only the activity you bring, but also how often you engage in a marketing activity to help us grow the user base.

If you would like to participate in the ambassadorship program or know someone who might be interested, you can reach out directly to Rockman ( for the specific details of our expectations as well as the special benefits entitled only the ambassadors of Perp88.

Closing Remarks 🙇

As we continue to grow and work hard on delivering new features, we would like to take this opportunity to thank you everyone who’s been with us from the start or has recently joined the community.

We appreciate all your feedback and suggestions, and hope we can grow together with you. As we embark into 2023, we hope that you’ll continue to be with us on this journey towards becoming the premier destination for derivative products!

Source : Polygon medium

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