The DePerp protocol is undergoing thorough security assessments to ensure the reliability and safety of its platform for all users. A recent security audit was conducted by PeckShield, a recognized leader in cybersecurity and blockchain analytics. You can review the PeckShield audit report via the following link: PeckShield Audit Report.

All audits of the protocol, both current and future, are stored in a public repository. You can track updates and new reports here: DePerp Audits.

Onchain points and rewards program established. Each time you perform an action according to the contract, you earn points that are recorded in the on-chain Fuul program.

DeCreadits points is finished - 95.2% of the issued points have been burned, 2% remain among early quest participants, and 2.8% are unclaimed from beta contracts. Rewards will be distributed from the token reward pool. Burn link: https://basescan.org/tx/0xb3be4fe54b16bd571bbf141a46f640ec2a6a0ae335fe4d0881482d4f3cd53fed

Onchain points the program starts in full mode. Complete tasks and participate in prize draws
Subscribe to the quest: https://app.fuul.xyz/points/deperpcom

• Get 50 points for each opened position conversion. The user who referred you will also get 100 points.
• Get 33 points for each "Follow us on X" conversion. The user who referred you will also get 33 points.
• Get 100 points for each opened position on markets with fees conversion. The user who referred you will also get 100 points.
• Get 50 points for each closed position conversion. The user who referred you will also get 50 points.
• Get 100 points for each invited trader conversion.

Read more at
https://www.deperp.com/docs/community/onchain-collaborative

An In-Depth Analysis​

You've purchased 1 ETH at a spot price of $3,000 and simultaneously opened a short position for 1 ETH at the same price. Additionally, you're leveraging your ETH in liquid staking to earn supplementary rewards. Let's delve into how this strategy can impact your overall financial position.

Advantages of a Neutral Position with Liquid Staking:​

• Market Risk Mitigation: Regardless of ETH price fluctuations, your core assets and liabilities remain balanced.
• Additional Income: Liquid staking enables you to earn rewards, such as staking points or interest, enhancing your overall profitability.

Example with Positive Funding Rate:​

If ETH price rises to $3,500:

• Long Position Profit: $500
• Short Position Loss: $500
• Plus Positive Funding (e.g., 0.01% per hour for 24 hours): $7.20
• Staking Income (assuming 5% annual yield): Approx. $0.41 per day
• Net Result: $500 - $500 + $7.20 + $0.41 = +$7.61

Example with Negative Funding Rate:​

If funding rate is negative (0.01% per hour for 24 hours):

• Long Position Profit: $500
• Short Position Loss: $500
• Minus Negative Funding: $7.20
• Staking Income (assuming 5% annual yield): Approx. $0.41 per day
• Net Result: $500 - $500 - $7.20 + $0.41 = -$6.79

Risks:​

• Negative Funding: Increases losses on the short position.
• Liquidation Risks: Rapid price surges can trigger short position liquidations, leading to further losses.
• Staking Risks: Liquid staking might involve risks like asset lock-ups or reduced yields.

Conclusion:​

An ETH neutral position combined with liquid staking aids in managing market risks while simultaneously earning staking rewards. Positive funding rates on DePerp enhance your income, whereas negative rates reduce it, though staking earnings can partially offset these costs.

Exploring Further:​

Is it possible to short liquid staking tokens and use them as collateral for opening positions? DePerp is advancing in this domain, positioning itself as a multi-collateral platform recognizing the substantial potential in delta-neutral strategies for liquid staking tokens and yield tokens.

Analyze Funding Rates Aggregated by Coinglass​

For more detailed insights on funding rates, refer to the Coinglass Funding Rate Heat Map.

Open Long or Short Positions​

To execute your strategies, open positions on DePerp.

Liquid Staking for Ethereum​

To explore dApps and platforms offering liquid staking for Ethereum, visit the Ethereum dApps page.

Expanding Collateral Options to Enhance Capital Efficiency​

DePerp - potential collateral vaults to provide traders with the opportunity to trade against 60+ assets in long and short positions, unlocking broader global trading capabilities and increasing capital efficiency.

USDY: Tokenized Note​

• Overview: A tokenized note backed by short-term US Treasuries and bank demand deposits, USDY provides investors with a secure interest in underlying assets.
• Key Features:
  1. Asset Security: Holders benefit from a security interest in the backing assets.
  2. Token Creation: New USDY tokens can be generated through subscription.
  3. Redemption Facility: Investors can redeem tokens for principal and accrued yield.
  4. Secondary Market Trading: Tokens are tradable in secondary markets and compatible with various DeFi platforms. https://ondo.finance/usdy

FDUSD: Hong Kong's First 1:1 USD-Backed Stablecoin​

• Overview: FDUSD, the pioneering 1:1 USD-backed stablecoin in Hong Kong, is fully collateralized by cash and cash equivalents, offering seamless redemption for U.S. dollars.
• Key Features:
  1. Direct Redemption: Tokens can be redeemed at a 1:1 ratio for U.S. dollars.
  2. Asset Security: Assets are securely held in segregated structures, ensuring robustness in the face of bankruptcy.
  3. Technological Sophistication: Leveraging advanced technology for stability and reliability.
  4. Positive Impact: Contributing to a secure financial landscape with its stability and reliability.
  https://firstdigitallabs.com/

Enhancing Market Liquidity with LRT and LST Tokens​

Purpose: LRT and LST tokens are instrumental in bolstering market liquidity, empowering users to optimize their asset utilization efficiently.

CBETH: Secure and Streamlined ETH Staking​

• Overview: CBETH offers a secure and streamlined Ethereum staking experience through Coinbase.
• Key Features:
  • User-Friendly Conversion: Seamlessly convert staked ETH into cbETH with no fees and hassle-free processes.
  • Staking Rewards: Earn Ethereum staking rewards without any lockups, with access to various DeFi applications for additional earnings potential.

https://www.coinbase.com/cbeth

Unlocking Liquid Restaking Potential with pufETH​

• Overview: pufETH, a native liquid restaking protocol on Eigenlayer, unlocks new horizons in restaking capabilities.
• Key Features:
  • Permissionless Validation: Open to all for validation purposes, fostering inclusivity and decentralization.
  • Native Restaking: pufETH pioneers native restaking functionality on Eigenlayer, setting new standards in restaking protocols.
  • Ethos Alignment: Self-capped to safeguard the Ethereum network, prioritizing its sustainability and security.

https://www.puffer.fi/

Automating Restaking with eETH​

• Overview: eETH, the Liquid Restaking Token by ether.fi, automates ETH staking within EigenLayer, offering enhanced convenience and efficiency.
• Key Features:
  • Liquid Restaking: Users can stake ETH and automate restaking within EigenLayer for seamless rewards accumulation.
  • weETH Integration: Access wrapped non-rebasing weETH for DeFi ecosystem participation, expanding utility and flexibility.
  • Operational Excellence: ether.fi operates Operation Solo Staker, bolstering Ethereum's decentralization by deploying nodes across diverse geographical regions. https://www.ether.fi/

DePerp allows for the creation of isolated insurance vaults and customization of available markets opened against this asset, enabling traders to use collateral according to their preferences. Thus, expanding collateral possibilities can enhance capital efficiency for both traders and insurance vault owners.

1.DePerp Beta and Dela Testnet The community actively participated in the testing of the platform, contributing to its improvement for the main launch. Partnerships with Pyth Network enabled the launch of oracles on the DELA testnet, and a partnership with Biconomy facilitated the use of Account Abstraction and a seamless WEB2 to WEB3 trading experience on the DePerp trading interface.

Jan 1, 2024 Start Trading in DeLa TestNet Status: Done

2. Public Good Activities A community program that allows you to earn points, which can be used to acquire $DPRP tokens through the public good distribution program. Accumulate points to get more $DPRP, and stay updated by following the main social networks to be aware of all activitie.

Participate and Earn

3. Launch DePerp on Base Mainnet The launch of the main contracts on the BASE and the commencement of trading.

March 13, 2024 Status: Done Start Trading in Base Mainnet

4. Milestone $100M Total Trading Volume Having achieved a volume of $100M with over 1,000 open positions, it's time to scale and explore new horizons with our community. https://app.deperp.com/stats

Apr 14, 2024 Status: Done

5. DeChad NFT Launching a series of NFTs that will allow you to double reward points in the public good program, with minting access provided to those who have interacted with the DePerp contracts.

May 05, 2024 Status: Done Explore Collection

Next goals​

Last Update: May 13, 2024

Milestone $500M+ Volume Reaching a volume of $500M becomes more achievable with the continuous growth of the community and traders, marking an important milestone that opens up the potential for a 1000x increase.

$DPRP TGE The launch of the $DPRP token with a $12M Market Cap, equating to 12% of the total token supply, where liquidity is locked and 88% of the tokens are governed by $DPRP governance. The plan includes distributing an additional 23% in the first year, amounting to 35% of the total supply, with the remaining 75% locked in governance requiring a quorum vote to begin distribution. We firmly believe in the development of public goods and long-term value creation not only for the DPRP ecosystem but for decentralization as a whole.

Governance information

Launch $DPRP Staking The $DPRP token will offer staking in the DePerp trading protocol, allowing $DPRP token holders to earn 25% of all platform fees in $USDC, $USDT, $ETH, $BTC.

Launch $DPRP PGLB This utility aims to claim 30% of traders' losses on the $DPRP trading platform, enabling the buyback of the token on DEXs to create excess buying power. The program's goal is to burn $DPRP tokens from circulation.

Launch DePerp L-2 Mainnet Following the successful launch of all key ecosystem components of DePerp, the plan is to transition to Dela Mainnet, which will ensure stable trading operations and low transaction costs, as well as provide the necessary tools for the TradFi market for institutional adoption of decentralized trading instruments.