Proposal is for the integration of Perpetual Protocol an vAMM based decentralized exchange into the Shapeshift ecosystem
The integration of Perpetual Protocol into Shapeshift would allow users to trade perpetual derivatives within Shapeshift. Also would allow Shapeshift users to stake their $PERP. Perpetual Protocol is a decentralized exchange that utilizes a vAMM model to trade, we are currently on xDAI and upon the release of our v2 ‘Curie’ will be moving to Arbitrum.
There would be a need to be 1 project manager, a UI/UX designer and engineers in order to integrate it into the web version, IOS and android versions. Also working on Keepkey support would also be highly desirable.
The implementation of this would be funded by our grants program available on Perpetual Protocol, you can read more about this in the link at the bottom.
First would be the design of the UI/UX for community feedback and review. This should include a design for a staking page through Shapeshift as well.
Secondly would be the integration and implementation of the above UI/UX and then tested by the project manager
Last would be integration of Keepkey support would be important as well as it being tested by the project manager
The bounty size will be up to the team itself when proposing to Perpetual Protocol’s grants committee, if deemed reasonable will be approved by the committee itself, however open to discussion on this in the forums as well . The bounty will be payed in increments of 1/3 for each milestone completed above.
Users will be able to trade decentralised derivatives through Shapeshift, never having to leave Shapeshift in order to trade perpetual swaps.
For the DAO:
We have a volume program at Perpetual Protocol that can be accompanied with the successful integration of Perpetual Protocol in Shapeshift that would give a 30% fee rebate straight back to the ShapeshiftDAO for all trades made through the Shapeshift UI.
Also we propose a token swap with Shapeshift, helping bring Shapeshift into our ecosystem that already has great partners such as dHEDGE ( Copy trading platform think of eToro’s copy trading function). The value of this token swap we have proposed initially a 500K token swap (swapping 500K USD worth of FOX tokens for 500K USD worth of PERP tokens), however this can be changed to go up or down and is just a starting point.
The time and scale of the integration would take significant time, however from our end at Perpetual Protocol we will help with whatever the team needs
Would love to hear the community’s feedback and will answer any questions to the best of my abilities.
Link to our grants program:
Link to our ecosystem fund: