What is Perpy? Perpy overview – Real Yield and SocialFi trending project on Arbitrum

• Perpy overview
• What is Perpy?
• Perpy's transaction model
• Team Perpy
• Development roadmap
• Competitors
• Perpy's Tokenomics (PRY)
• Information about PRY
• A function of PRY
• summary

Perpy overview

What is Perpy?

Perpy is a Copy Trading platform built on the Arbitrum network and is currently directly connected to GMX via smart contracts. Perpy targets two main audiences:

Followers : Are investors with little experience or not much time to invest. This target group can copy trades from traders on GMX.

Traders : Experienced investors or full-time traders. This target group will share their investment strategies on the platform, in return they will receive a part of the transaction fee.

Perpy's transaction model

Perpy's transaction model will revolve around the two groups of objects mentioned above. Specifically, traders create a vault and set the percentage of commissions they want to receive (from 10% to 50% of the total profit of the vault). 

Followers can select an appropriate vault to deposit in USD based on trader information or PnL recorded on the platform. The trader will then use the funds in the created vault to execute the trade. 

Note : Followers are entitled to withdraw USDC regardless of whether the trader is opening an order or not. However, the USDC amount may change from the beginning.

Team Perpy 

Perpy is developed by an anonymous team. They are still active and have released the Beta of Perpy as well as partnering with several platforms such as Vertex and Pyth Network. 

Development roadmap

Q1/2023: Perpy will launch new functions such as DCA, Stoploss, Take Profit… and smart contract audit, as well as open token sale.

Q2/2023: Perpy will focus on developing multichain contracts for dYdX on Cosmos and Cairo for StarkNet. In addition, Perpy will launch a Beta test that integrates with Lens Protocol to increase the applicability of the PRY token.

Q3 – Q4/2023: The project will launch Trading Vault 2.0 and Smartphone Mobile App.

Competitors

Perpy's direct competitor is STFX. Both projects are built on Arbitrum and adopt the same operating model. However, Perpy and STFX also have some differences:

STFX followers can observe the trader's recommended strategy before deciding to deposit funds into the vault. This can reduce a user's intention to deposit funds into the vault, as the user can implement the trader's trading strategy on their own. The Perpy project does not have this functionality.

Vaults on STFX only correspond to one trade order so they are not flexible, while Perpy allows traders to freely trade different assets.

Perpy's Tokenomics (PRY)

Information about PRY

PRY is Perpy's native token with a fixed supply of 1 billion tokens and is distributed as follows:

• Public Sale: 400,000,000 VND
• Team: 100,000,000 VND
• Future Team Member: 50,000,000 VND
• Community – Ecosystem: 250,000,000 VND
• Perpy Foundation: 200,000,000 VND

A function of PRY

• Staking Reward: Owners who bring PRY to stake will receive 100% of platform revenue. Of which, 10% will be used to vote on the DAO. In addition, those who bring PRY to stake also receive a discount on transaction fees.
• Make the vault stand out: Traders can stake or burn PRY so that the vault is prominently displayed on the homepage of the Perpy platform. In the future, Perpy plans to integrate Lens Protocol, allowing users to highlight their posts by burning PRY.
• Privileges for top PRY holders: For Trading Vault 2.0, the amount of capital in a vault will be limited. However, top PRY holders will be given priority to participate in these vaults.

According to the published fee model, the group's profits come primarily from the value of pre-allocated tokens. These tokens will be fully unlocked within 2 years and not from platform revenue.

summary

Above is some information about the Perpy project and the PRY token. Recently, the Arbitrum ecosystem has always been given a certain preference by investors and Perpy is one of the projects of this ecosystem. Along with the upcoming Perpy will IDO on Camelot - one of the hot Launchpad projects in the Arbitrum ecosystem, promising to help the project explode in the future. However, any investment has risks, so readers need to learn carefully before investing in this project. 

If readers are interested in Perpy, you can follow some more social networking sites such as:

Website | Twitter | Discord

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