Yield Farming | Perps Defi Review | What Is Perpetual Protocol

Yield Farming | Perps Defi Review | What Is Perpetual Protocol

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Welcome to our Yield Farming Video!

PERPS is a perpetual futures contract trading platform on Binance Smart Chain.

A futures contract is an agreement to buy or sell an asset (such as commodities or currencies) at a predetermined price at a specified point in time known as the ‘settlement date’. Traders can thereby have exposure to the price of an asset without holding the underlying asset.

xPERPS VDCs
You can choose between two different VDCs when you sacrifice, Compound, or Volatile. Compound xPERPs VDC, pays yield in xPERPs directly from deposit and withdrawal fees, and also gets 20% share of the (unclaimed divs) from the xPERPs Yield farm.

Fees to enter compound VDC: 11% entry and 11% exit fee, they are distributed in the following way:

7% to drip pool
1% Instant dividends to stakers
1% MGMT
1% Burnt
1% Volatile VDC
Volatile VDC gets 20% of the Unclaimed divs from the farm daily sent to its drip pool, it also gets an extra 1% from the compound VDC deposits. The drip pool of both VDCs payout 1% of their balance daily to stakers.

VOLATILE VDC fees are 33% in and 33% out, they are distributed in the following way:

30% to drip pool
1% Instant dividends to stakers
1% MGMT
1% Burnt

xPerps Yield Farm
Its main function is to incentivise and form the backing for the PERPs counterparty pool. This is the futures platform that is the main component of this platform.

Farming positions on xPERPs will be:

MAGIK-ESHARE/BNB
DAI/BUSD
BSW/BNB
xPERPs
xPERPs/BNB
xPERPs/BUSD
GRO/BUSD
GRO/BNB
ETH/BNB
Counterparty Pool tokens
We have a model in which the fee rate can be chosen by the user when he deposits into each pool, and his allocation of xPERPs rewards is dependent on his selection. The following is an example of how it will be done:

2.5% deposit fee, 2.5% withdraw fee and lowest allocation of xPERPs 11.25%
5% deposit fee, 5% withdraw fee and a higher allocation of xPERPs 16.25%
10% deposit fee, 10% withdraw fee and a higher allocation of xPERPs 26.25%
20% deposit fee, 20% withdraw fee and the highest allocation of xPERPs 46.25%
xPERPs must be claimed daily by a certain time or its lost, there are no grace periods, no extensions, no touching of the contract, each claim or compound is independent from the next.

The unclaimed or lost xPERPs is utilized in the following way:

20% is sent to be split between compound and volatile xPERPs VDC drip pools.
20% is sent to referral pool,
The remaining 60% of the xPERPs is sent to the BURN address daily.
A 20% bonus will apply when Compounding your yield farm profits into the xPERPs single asset staking, further incenivizing compounding vs dumping.

xPerps Utility
There are several Usecase for xPERPs being built into the ecosystem:

Deposit xPERPs into the xPERPs VDCs
Deposit xPERPs into the xGRO VDCs for a "Boosted Position"
Deposit xPERPs into the veGRO staking platform
Farm with xPERPs and earn yield on it.
Counterparty Pool Deposits form the backing for PERPs, and will pay the highest yield in xPERPs, there will be a UI, where you can deposit and withdraw to earn yield and also share in CP pool profits from doing so.

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Yield Farming video. Make sure to leave a like on the video if you gained value from it!

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⏰Timestamps⏰

0:00 perps review intro
0:18 perps review summary
6:38 perps review outro