hey đź‘‹

Our last two weeks were quite epic, and amongst the continuous focus on building and improving Perpie we have started looking for more ways to expand our distribution channels

GMX Grant Program

A few days ago we have submitted our proposal for the new GMX grant program! This grant will accelerate & expand the integration planned for GMX v2 and the distribution of Perpie to a larger TradFI/CEX audience, which will benefit from an even better UX whilst seamlessly trading onchain through Telegram.

Streamlined gas payments fully

In addition we have completely eliminated the need for holding native ETH.

Whilst the ability to pay gas fees with ERC20’s have been available for a long time through Perpie, platform-specific fees, like GMX’s keepers’ execution fees, were still requiring native ETH payments.

Now, all platform-specific fees are seamlessly integrated into our token fee system - Providing a streamlined UX where users have not to worry about managing specific balances for fees.

Improved execution speed by over ~2X!

The simulation & execution of user intents is now much faster; dropping from 30-40s previously down to 10-20s!

We will continue to optimize this to ensure that even with simulations, complex fee payment logic & MPC signing, our speed will remain extremely competitive, and transactions are executed swiftly

“Add-Ons” Infra Upgrade

We have upgraded our infrastructure to introduce "add-ons", that provide users with helpful additions to add to their transactions batch at the confirmation message.

For example, users can now pre-set stop-loss and take-profit orders as an addition when opening a new position - providing them with more control over their trading strategies. And it’s just the beginning of what we’ll be building on top of those capabilities

As a part of this upgrade, communication capabilities have been improved to handle multiple user intents in a single execution, enabling even more features, such as canceling all orders or positions, withdrawing all tokens, swapping multiple tokens into one, and sending tokens to multiple recipients.

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