Our incoming APP's closed beta release is expected for the coming Friday, November 6th. Further details/mechanics regarding whitelisting will come ASAP. gPERPS

gPERPS 🛠️

Perps products thrive in volatility. We're excited to be launching a high leverage, onchain PERPS product on @solana during this time of market uncertainty. It will provide an environment for high volume, and most importantly flywheel velocity for $PERPS hodlers/supporters. gPERPS

Open beta on our onchain @solana leverage $PERPS product is expected to release tomorrow (by night NYC/Miami time). Currently going through final rounds on contract deploy & testing. gPERPS

Onchain via @solana and 200ms.

🦾 Lead eng/dev is absolutely cracked & got things sealed up and ready for mainnet 2 days earlier than expected. We've deployed versions of the contract previously in testing but had some tweaks to make re: underlying bank/FIFO functionality with $USDC as the base currency/payout for optimal user experience. Next steps: We deploy the finalized contracts to mainnet (8-10 $SOL to deploy the chunky contracts so we need to get it right), test/trade & then likely open up to open beta rather than closed beta. Aiming for the next 24-48 hours to probable open beta for v0 PERPS deployment (because he's tied up traveling in to tomorrow overnight tonight).

gPERPS anon

Great thing about building trading products? The market going up and down and back up is the value prop.

Good thing about getting liquidated trading on the incoming PERPS leverage product? You are issued ownership of a % of rev., according to weight/liquidation amount. More documentation and information to come alongside release. gPERPS

Very slept on mechanic and when user product ownership is done right they're more incentivized than ever to use and proliferate a product 👇

It's been nice ranging like we have on $PERPS, buying tokens for LP additions and more (future app feature incent) this low is optimal over doing it significantly higher.

PSA: We're ready to stand up v0 of the PERPS prod., the lead dev/eng is handling some things today re: life but once he's free we're going to lock in to OT ship mode once again and get PERPS deployed for public usage. We are shipping open beta rather than closed beta for max $PERPS holder & user gains. gPERPS