Research Summary
The report discusses the recent developments in Perpy, a fully on-chain and non-custodial SocialFi trading protocol. It highlights the Spectra update, which introduces new features and improvements to the platform, including a revamped user interface, new vault architecture, support for Spot and Options trading, and changes to the $PRY token. The report also mentions the integration of Perpy with other platforms like GMX and Level finance.
Key Takeaways
Perpy’s Spectra Update
- Improved User Interface: The Spectra update introduces a new user interface with improved features, including new color schemes, a new logo, and a modern UI. It also introduces three new views – the compact view, vault explorer, and vault list – to enhance the user experience.
- New Vault Architecture: The update also revamps the vault architecture, allowing traders to trade multiple assets (BTC, ETH, BNB, and ARB) in a single vault. It also introduces the ability to set multiple stop-loss and take-profit orders.
- Changes to $PRY Token: The Spectra update introduces changes to the $PRY token, including a new staking module that benefits long-term stakers. It also introduces a management fee for traders, generating additional revenue for the protocol, which directly benefits $PRY stakers.
- Integration with Other Platforms: The report mentions that Perpy is integrated with other platforms like GMX and Level finance, allowing investors to invest in expert traders on these platforms.
- Transition to Multichain Protocol: The Spectra update transitions Perpy from a mono-chain protocol to a multichain protocol, with Binance chain now available alongside Arbitrum.
Actionable Insights
- Understanding the Spectra Update: Stakeholders should familiarize themselves with the new features and improvements introduced by the Spectra update, including the new user interface, vault architecture, and changes to the $PRY token.
- Exploring the New Vault Architecture: Traders should explore the new vault architecture, which allows for trading multiple assets in a single vault and setting multiple stop-loss and take-profit orders.
- Considering the Changes to $PRY Token: Current and potential $PRY stakers should consider the changes introduced to the $PRY token, including the new staking module and management fee for traders.
- Assessing the Integration with Other Platforms: Investors should assess the integration of Perpy with other platforms like GMX and Level finance, which allows them to invest in expert traders on these platforms.
- Adapting to the Transition to Multichain Protocol: Users should adapt to Perpy’s transition from a mono-chain protocol to a multichain protocol, with Binance chain now available alongside Arbitrum.
