- Hello I am from the Perpetual Protocol team and believe that our project can greatly benefit ShapeShift allowing people on ShapeShift to trade perpetual derivative products.
What is Perpetual Protocol?
Perpetual Protocol is a decentralized exchange built on top of Ethereum and currently on xDai. Instead of having an order book like traditional exchanges, perpetual protocol utilizes a virtual automated market maker (vAMM) which facilitates the ability to make trades without the need for counterparties. You can trade with leverage up to 10x and all trades are done on chain and non custodial. We have plans to launch our v2 Curie which will utilise Uniswap v3 as the execution layer and will be on Ethereum scaling solution Arbitrum.
What we propose:
Grant program to help incentivize the integration of Perpetual Protocol v2 to Shapeshift’s existing suite of services. Our grants program in the past has successfully funded integrations within the ecosystem.
- With this new integration we can add ShapeShift to the volume program additionally incentivizing trading on the ShapeShift platform using Perpetual Protocol as the underlying protocol with a 30% rebate on fees paid back in Perp to ShapeShift monthly.
- Also bring ShapeShift into our ecosystem fund by doing a token swap with $FOX. We believe that the projects we have already brought into the ecosystem fund will be greatly beneficial to the overall ShapeShift ecosystem.
Would love to hear your thoughts on this proposal and happy to answer any questions 1f642