Perp Dex Protocol


DePerp Ecosytem

At DePerp, we're revolutionizing trading. Forget the old world of high fees, complex systems, and limited choices. With DePerp, experience instant trades, a vast array of assets, and unmatched liquidity, all on a user-friendly platform that drops the hefty fees. Welcome to the future of trading—simple, fast, limitless. DePerp, your gateway to efficient trading, reimagined.

Forget about unexpected losses due to delays! 🛑✨

At DePerp, every transaction is executed instantly thanks to cutting-edge decentralized pyth oracle technology, eliminating latency to 0.4 seconds. 🔮  Now, your trades always precisely reflect the current market, without the risk of slippage. Connect to DePerp and trade a step ahead! 📈

Don't limit your options! 🌍

While other platforms offer a limited set of assets, DePerp stands out by providing access to over 50 assets across cryptocurrency, forex, and stock categories. 📊 Expand your trading horizons with DePerp and seize opportunities unavailable to competitors. 🔍

Facing difficulties on other platforms due to their complex interfaces? 🤔💡

DePerp solves this problem by offering a super intuitive gaming interface with convenient calculators and the ability to execute complex orders in one click! 🖱️ Switch to DePerp and enjoy trading like never before. 🎮

Tired of low liquidity on other platforms? 🔄💦

DePerp changes the game by ensuring high liquidity through a unique model where successful traders trade against the losing ones. 💹 Add to this our innovative insurance pools, and you get unparalleled support for every trade. 🛡️ With DePerp, you'll always find a market for your orders. 📈

Forget about miner fees! 💸🚫

With DePerp, you trade directly on the blockchain, paying no miner fees thanks to our unique technology. 🛠️ This makes each of your operations more profitable. Stop overpaying for trading. Join DePerp and trade more efficiently! 💰

On other platforms, you need to create accounts, make deposits, and worry about data privacy. 🚫🔒

DePerp does things differently: we require no deposits, no account creation, and we don't store your personal data. Trade freely and securely, knowing your privacy remains intact. 🛡️🕵️‍♂️

With DePerp, you're not just trading efficiently; you're also earning from trading commissions in insurance vaults. 🫰💼

These vaults accumulate unclaimed losses from traders, commissions, and proceeds from liquidations. The insurance pools are protected against downturns, increasing your profit and investment security. 📈🛡️

Why pay more on other exchanges? 💸🚫

DePerp traders save up to 76% on fees compared to other CEXs and DEXs, where fees range from 0.07% to 0.12%. DePerp offers a unique rate of just 0.05%, making your trading not only profitable but also efficient. 💰✂️

Trade at different blockchain layers. 🌐🔗

DePerp supports major L2 networks and is developing its own L2 ethereum based to connect traders worldwide. This reduces miner fees and ensures deep integration with TradeFi to lower fees for fiat asset deposits and withdrawals. 🌉💳

At DePerp, the $DPRP token is not just an asset; it's an earning opportunity. 💎💰

Staking the token allows you to earn income from the platform's trading commissions. What makes DePerp unique is that the token is repurchased with unclaimed losses from traders, providing you with additional income. Moreover, you control the Treasury liquidity through governance voting. 🗳️🌊

Price Data


DePerp currently utilizes the Pyth Network:

  • Market Data Access: DePerp leverages Pyth's real-time price feeds for a wide range of assets, benefiting from their ultra-low-latency and high-frequency updates.
  • Financial Product Optimization: Utilizing accurate and timely market data from Pyth, DePerp enhances its financial products and services.
  • Transparency and Quality Assurance: DePerp ensures the reliability of its services by using Pyth's first-party data, minimizing the risk of data inaccuracies.
  • Data Consumption Efficiency: DePerp uses Pyth's 'Pull Oracle' model for gas-efficient and on-demand price updates.
  • Historical Data Analysis: DePerp incorporates Pyth Benchmarks for informed decision-making and product structuring, based on reliable historical market data

Powered by: Pyth Network 🔗


Fees

DePerp Fees vary by market, let's look at some examples below.

Crypto
Taker (Open) 0.05%
Maker (Close) 0.05%

Metals, Forex, Equity & ETFs
Taker (Open) 0.02%
Maker (Close) 0.02%

There is also an execution fee detailed below which is used to pay for the blockchain network costs.

Funding fee
Funding rates for each market and collateral asset are determined hourly, taking into account the real-time imbalance of open interest. This dynamic calculation allows for a more accurate reflection of market conditions and helps maintain a balanced trading environment.

Funding fee = (Funding Factor- (Open Interest(short) - Open Interest(long)) /(Open Interest(long) + Open Interest(short))) / (365 * 24)

Execution Fee
There are two transactions involved in opening / closing / editing a position:
User sends the first transaction to request open / close / deposit collateral / withdraw collateral
Guardians observe the blockchain for these requests then execute them.

Order Types

DePerp order types are specific instructions that traders give to exchanges to help them buy or sell assets at desired prices and under specific conditions. Understanding and using various order types can help traders execute their strategies more effectively and manage their risk. At the moment, all markets are isolated for the selected collateral.

Buy Market Order
This order type allows you to buy an asset immediately at the best available price. It's executed quickly, ensuring that you don't miss out on a potential opportunity. However, since it's executed at the current market price, you may end up buying at a higher price than anticipated if the market is volatile.


Buy Limit Price Order
With this order type, you can specify the maximum price at which you're willing to buy an asset. Your order will only be executed if the asset's price falls to or below your specified limit. This helps you control the cost of your purchase but may result in your order not being executed if the price doesn't reach your limit.


Stop-limit / Stop-loss

A stop order on a DePerp is a special rule you set to help you trade contracts that don't have an end date. There are two main types: stop-loss orders and stop-limit orders.

Stop-loss
This is like saying, "If the price goes down too much, sell my contract automatically." It helps you avoid losing too much money.

This is like saying, "If the price goes down to a certain point, try to sell my contract, but only if I can get a good price for it." It helps you control how much money you might lose.

To use stop orders, follow these steps:

Choose the contract: Pick the trading pair you want to trade on the DePerp exchange (e.g., BTC/USD).

Set a stop price: Decide the price that will trigger your stop order.

Pick the order type: Choose between stop-loss or stop-limit orders based on how much risk you want to take.

Enter the details: Tell the exchange your stop price, and for stop-limit orders, the minimum price you want to sell for. Also, tell them how many contracts you want to trade.

Watch your order: Keep an eye on the market. If the stop price is reached, your order will happen automatically.

Stop orders help you trade more safely. Be careful when choosing your stop prices and amounts, and always watch the market.


Take Profit / Take Limit Price orders

These are orders that allow you to lock in profits when the market moves in your favor. A Take Profit order is essentially the opposite of a stop-loss order. You set a target price above your entry point (for long positions) or below your entry point (for short positions), and if the market reaches that price, your position will automatically be closed, securing your profit.

To use Take Profit orders, follow these steps:

Choose the contract: Pick the trading pair you want to trade on the Deperp exchange (e.g., BTC/USD).

Set a target price: Decide the price at which you want to close your position and take your profit.

Enter the details: Tell the DePerp your target price and the amount position you want to close at that price.

Watch your order: Keep an eye on the market. If the target price is reached, your order will happen automatically, and your profit will be locked in.

Reduce-only orders

These are orders designed to reduce your position size without increasing it. A reduce-only order can be a limit order or a stop order, but it will only be executed if the trade reduces the size of your existing position. If the execution of the order would result in increasing your position size, the order will not be executed or will be partially filled to the point where your position size remains unchanged or reduced.

Reduce-only orders are particularly useful for risk management, as they allow traders to secure profits and limit losses without accidentally increasing their exposure to the market.

To use Reduce-only orders, follow these steps:

Choose the order type: Select whether you want to create a limit order, stop-loss order, or stop-limit order with the Reduce-only option.

Enter the details: Set the necessary parameters for the chosen order type, such as the price and the number of contracts you want to trade.

Enable the Reduce-only option: Make sure to check the box or toggle the switch for the Reduce-only option when placing your order.

Watch your order: Monitor the market and your order. If the conditions are met, your order will be executed, but only to the extent that it reduces your position size.

By understanding and utilizing Take Profit and Reduce-only orders, you can manage your risk more effectively and enhance your trading strategy.

Smart Accounts and Gasless Trading


In an industry-first, Taurus introduces native support for account abstraction in partnership with Biconomy. This feature allows the creation of smart accounts, enabling traders to transact without incurring gas fees and bypassing the need for wallet signatures.

Features:

  1. ERC-4337 Compliance: Biconomy Smart Accounts, adhering to this standard, work seamlessly with Paymasters & Bundlers.
  2. Modular Design: Supports a variety of customizable modules, allowing the addition of new features with minimal development effort.
  3. Ease of Upgradation: The minimal storage requirement facilitates secure and easy upgrades for new functionalities.
  4. Secure Delegation: Designed with 'authorized parties' for easy delegation and automation of authorization.
  5. Customization: Facilitates the customization of smart accounts to enhance user experience.
  6. Simplified Onboarding & Authorization: Supports biometric and social login options, reducing wallet pop-ups through session keys.
  7. Transaction Automation: Allows the creation of parameters for automating certain user actions

Powered by: Biconomy Smart Accounts 🔗

Insurance Vaults

Our insurance multi-collateral vaults serve multiple purposes:

  • Earning trading fees
  • Assisting traders in opening positions
  • Regulating market dynamics


Our  insurance vaults are designed to benefit  in several key ways:

  • Earning Potential through Trading Fees: Investors have the opportunity to earn trading fees by providing collateral assets in these vaults.
  • Support for Traders' Positions: These vaults enable traders to open positions in their chosen markets, providing essential financial backing.
  • Dynamic Profit and Loss Management: When traders incur losses, these are compensated to the insurance vault. Conversely, the vault pays out profits to traders. This system ensures a balanced financial ecosystem.
  • Availability of Earned Commissions: Commissions earned by the vault are always accessible for withdrawal, offering liquidity and flexibility to investors.
  • Temporary Freezing of Traders' Losses: Losses incurred by traders are held within the contract for a period of 3 days. During this time, profits are distributed to the traders from these funds.
  • Withdrawal Option for Insurers: After the 3-day period, if the profits have not been claimed by profitable traders, insurers have the option to withdraw their deposits along with the profit generated from the unclaimed losses.
  • Market Regulation Capabilities: Insurance vaults play a crucial role in regulating market dynamics. They set the maximum open interest overall and for each market individually, as well as the maximum percentage of profit. If these limits are reached, the contract has the capability to automatically terminate a trader's position, ensuring payouts are made in line with risk parameters.


Guardian

DePerp is excited to unveil our newly developed Guardian Mechanism, a feature designed to optimize the trading process and reward participation. Here's how it works:

  • Simplified Order Execution: Users can now execute orders with ease. This process involves simply reading the contract and executing the call function. This user-friendly approach is designed to streamline trading activities, making them more accessible and efficient.
  • Rewards for MEV Searchers and Arbitrators: A unique aspect of the Guardian Mechanism is its reward system. Searchers and arbitrators—those who actively seek out and execute these calls—will receive an additional 5% from the fees generated by a completed call. This incentive is aimed at encouraging active participation and ensuring the smooth functioning of the market.
  • Enhanced Market Efficiency: By enabling users to fill orders through this direct and simplified method, the Guardian Mechanism contributes to the overall efficiency of the trading platform. It not only benefits individual participants but also enhances the trading ecosystem as a whole.


API & TradingView Alerts

Taurus introduces an independent API and self-custody service. This feature allows direct interaction with the DePerp protocol and seamless integration with platforms like TradingView. It's a game-changer for automated trading, leveraging alerts and advanced analytics.

Features

  • Receive and execute market orders based on TradingView strategy alerts.
  • Place orders using webhooks from third-party services.
  • Supports multiple strategies/markets concurrently.


Set up your API service: DePerp Self-Api on GitHub 🔗


DePerp Perp Dex Addresses

Contracts
Dela Mainnet
Base Mainnet
Controller
soon
0x115785E62eD983fA74B6CBa53e5ADc476EF85e69
Positions
soon
0x207c8a79A046Aa124b27872426b7E68685F5D6E8
Vault
soon
0xF756BaAdAdC9B690c4d3d33AEc7f3B48DaF2AaFf
Orders
soon
0x1ADd67201062D41A71FB1471E1AFb1fDabB3b9D1
FundingRate
soon
0x2170CE197C2B9AbC99E76d2D969D1a316ae0Eab5
DeCredits
soon
0xB3e7ca5eaEE037bBeC7dc86A16d4d1204A09FfE9
TradingMarket
soon
0x65DdE5aA01579Dac6EF290c12FD1E2CDD68685eb
RewardManager
soon
0x32f24667Bb4159111138a6397903a4EF292e2A86
Rewards
soon
0xB64363b37318570b77D834F162db9eb8b17edD1c
RefInvite
soon
0x6dD9E28B3ba24074f43576274d809a465fc1e39f
VaultManager
soon
0x589AafD2a9Ecf72070f664fd4B5B5C1217BC5361
VaultUtils
soon
0x13386c07ca9657CdcDf42E62F5e6500204c841Cf
VaultAssets
soon
0x2D95447567508429E325D4F633293d4C475F4498
DPRP
soon
soon
Treasury
soon
soon
Governable
soon
0xB5664E05D4a0479D3Aa5910249027a6Ee905F5c5
GovernorBravo
soon
soon

DeLa


Network Information


Dela TestNet

Network Name: Dela Deperp Testnet
RPC Endpoint: https://sepolia-dela.deperp.com
Chain ID: 9393
Currency Symbol: ETH
Block Explorer: https://sepolia-delascan.deperp.com

Dela Bridge TestNet


Sepolia: https://sepolia-delabridge.deperp.com/


DeLa Optimistic

The Dela Rollup Protocol, it's an advanced blockchain system employing Optimistic Rollups, integrated with a parent blockchain like Ethereum for enhanced security and consensus. Key features include Ethereum-based block storage for maintaining data availability and integrity. A specialized sequencer is tasked with managing block production. The system uses an execution engine and a rollup node for deriving L2 blocks from L1 data. It facilitates seamless ETH or token transfers between layers, allowing for efficient transactions. The protocol's security is bolstered by fault proof mechanisms, which play a crucial role in validating state commitments and ensuring overall system reliability.

Main challenges

Blockchain Infrastructure Development: Focus on creating a robust, secure, and high-speed blockchain framework that can support the demanding needs of DeFi and traditional finance (TradFi).

Cross-Border Transactions for Stablecoins: Develop a system that facilitates efficient peer-to-peer and institutional stablecoin transactions across borders, ensuring fast, secure, and compliant transfers.

Institutional Access to DeFi: Implement mechanisms that allow institutional players seamless and secure access to decentralized finance platforms, bridging the gap between traditional finance and DeFi ecosystems.

Enhanced Security Protocols
: Implement advanced cryptographic techniques to enhance security, especially for high-value transactions in DeFi and TradFi.

Scalability Solutions
: Utilize layer 2 scaling solutions to increase transaction throughput, crucial for handling large volumes in both DeFi and TradFi sectors.

Regulatory Compliance Tools
: Develop tools for regulatory compliance, particularly for cross-border transactions involving stablecoins, to ensure adherence to international financial laws and norms.

Institutional-Grade Interfaces
: Create user-friendly, secure interfaces tailored for institutional users to facilitate their entry and participation in DeFi.

Interoperability Frameworks
: Develop interoperability solutions to enable seamless interaction between different blockchain platforms, enhancing cross-border transactions and institutional access to DeFi.

Powered by: OPStack



TimeLine

Governance

DPRP Multi-Dimensional  Governance Token Utility Model (DMD)

The DMD model represents a forward-thinking approach in the world of decentralized finance (DeFi). It's designed to enhance the utility, value, and appeal of the DPRP tokens within its ecosystem. This is achieved through a series of innovative mechanisms and features, each tailored to improve user engagement, market responsiveness, and sustainable growth.


DMD Components:

Platform Growth Linked Buyback (PGLB)

  • Mechanism: A certain percentage of the platform's profits is allocated to buy back DPRP tokens from the market.
  • Impact: This reduces the available supply, potentially increasing the token's value.
  • User Growth Correlation: The rate of buyback is directly tied to user growth metrics. As the platform attracts more users, more tokens are bought back, creating a scarcity that can drive up the token value.

Decentralized Affiliate Program (DAP)

  • System: Users are incentivized to refer new traders by earning DPRP tokens.
  • Reward Structure: The unique aspect here is the scaling of rewards. A user's reward increases based on the activity level of their referrals. This encourages users to not just refer new traders but to support them in becoming active, long-term platform participants.

Customizable Governance Portals (CGP)

  • Utility: Token holders are not just passive investors but active participants in decision-making processes.
  • Voting Rights: They can vote on a variety of issues, from fee structures to new market listings and feature developments.
  • Community Engagement: This feature fosters a deeper sense of ownership and involvement among token holders, potentially leading to a more vibrant and engaged community.

Token-Linked Savings Accounts (TLSA)

  • Offering: Users can lock in their DPRP tokens to earn a share of trading fees.
  • Dynamic Fee Structure: The fees earned are variable and depend on the platform's overall performance.
  • Periodic Voting: Token holders can collectively decide to adjust these fees in response to changing market conditions, ensuring a balance between competitive pricing and profitability.

Liquidity Vaults Endowment (LVE)

  • Function: A part of the platform's token supply is locked in a liquidity vault.
  • Market Support: This vault provides essential liquidity to the market, smoothing out price volatility.
  • Profit Sharing: Profits generated from this liquidity provision are distributed back to token holders, offering an additional stream of passive income.

Platform Expansion Grants (PEG)

  • Purpose: Allocates tokens for grants to developers for building new tools or features.
  • Innovation and Growth: This stimulates innovation and diversification of the platform's services, potentially increasing user engagement and token demand.

Token-Backed Warranties (TBW) for Trades

  • Concept: Trade warranties backed by DPRP tokens provide compensation for losses due to system failures.
  • Trust Enhancement: This feature aims to increase user confidence in the platform, thereby enhancing the perceived value and reliability of the DPRP token.

Impact and Sustainability

The DMD model is a holistic approach designed to keep the platform competitive and responsive to market changes. By integrating these diverse utilities and incentives, DPRP tokens become a central element of the user experience. This alignment of the token's value with the platform's performance is a strategic move towards encouraging long-term investment and fostering sustainable growth strategies. It's a model that could potentially set a new standard in the DeFi space, demonstrating the power of innovative token utility in driving platform success.


Tokenomics #DPRP

DPRP is DePerp’s governance token, it allows its holders to govern the protocol. By enabling collaborative control, the DePerp community can work together to improve the platform for its traders.


Distribution

A total of 100,000,000 DPRP have been minted.


The initial 100% allocation of the total supply of DPRP is as follows:

Community & Governance Treasury 75% (75,000,000 DPRP)

Locked in the Community Treasury contract, are used for governance voting to make protocol-related decisions. This empowers the DePerp community to collaboratively control and enhance the protocol. Governance voting manages this treasury, fostering community control over protocol liquidity.

Foundation Treasury 5% (5,000,000 DPRP)

The Foundation Treasury contract holds funds for influencers and consultants, accessible via team voting. This supports the DePerp protocol's development and growth.

Backers Treasury 20% (20,000,000 DPRP)

Allocated to past venture investors & grants for partners, this treasury recognizes their contributions to DePerp's development and growth, bolstering investor relations.

DeCredit


DeCredit stands as an internal loyalty token within the DePerp ecosystem. The concept is simple yet impactful: Earn $DeCredits and exchange them for $DPRP, our platform's native token. This process is designed to be straightforward and user-friendly, allowing our community members to reap the benefits of their participation seamlessly.

Key Aspects of the Contract:

Token Rewards: Eligible users can claim DeCredits. The contract is also capable of processing rewards from ecosystem partners.

Eligibility Criteria: To earn these rewards, ensure you have an open position in the Promo markest, meeting the minimum required size.

Exclusive Claim: To maintain fairness, each user is entitled to a one-time claim of DeCredits.

Incentivization: DeCredits are designed to reward your active participation, enhancing the vibrancy of our community.

Simplicity in Exchange: Convert your earned DeCredits into $DPRP, our native token, in a straightforward process.

Enhanced Utility: Beyond trading, DeCredits offer a pathway to engage in governance and access unique platform features.


The issuance of "DCredits" is set at 0.5% of the total $DPRP token supply. A reward system designed to incentivize and engage the community. $DeCredit price 0.5 per $DPRP.


DeCredit Info:

Network: Base Mainnet (ERC-20)
Name: DECREDIT
Address: 0xB3e7ca5eaEE037bBeC7dc86A16d4d1204A09FfE9
Symbols: 18


Epoch 1
The launch of the early access DePerp protocol will allow early adopters to receive a special status and start training for trading. This will give them a head start in using the protocol and allow them to familiarize themselves with its features and functions before it is widely available. As early adopters, they will also be able to provide valuable feedback that can help the DePerp team improve the protocol and make it even more user-friendly and effective. The early access launch is an important step in the development of the DePerp protocol and will help ensure its success.
Epoch 2
After the launch of the DePerp protocol, the team will focus on launching liquidity Vaults and attracting liquidity to the protocol. This will enable users to start trading on Layer-2, providing them with faster and cheaper transactions than on the main Ethereum network. The team will use a variety of strategies to attract liquidity to the protocol, such as offering incentives for users who provide liquidity and promoting the benefits of trading on Layer-2. By launching Vaults and attracting liquidity, the DePerp team will be able to provide users with a smooth and convenient trading experience.
The liquidity Vaults in the DePerp protocol ensure smooth trading for users and help maintain system stability. They also generate fees for the protocol, providing a source of income that can be used to support its growth and development. The Vaults are managed by the DePerp team & Governance and are constantly monitored and adjusted to ensure they are providing the best possible experience for users. By providing stable liquidity and generating fees, the Vaults play a crucial role in the success of the DePerp protocol.
Epoch 3
To further support the growth and development of the DePerp protocol, the team will launch a rewards program for liquidity providers, traders, and the community. This program will offer incentives and rewards to users who contribute to the protocol in various ways, such as providing liquidity or trading on the platform. The rewards program will help to engage and motivate users, encouraging them to continue supporting the DePerp protocol and contributing to its success. By launching a rewards program, the DePerp team can show its appreciation for the contributions of its users and create a strong and supportive community.
Users who take part in the DePerp community and help with the development of the protocol will also be eligible for additional rewards. By offering rewards to traders and other members of the community, the DePerp team is able to incentivize users to support the protocol and contribute to its growth. This helps to create a strong and active community that is dedicated to the success of the DePerp protocol.
Epoch 4
DeLa  Layer-2
will make trading even faster and without extra gas fees.
The Deperp Labs team is dedicated to scaling the DePerp protocols to enhance transaction speed, focusing on a secure, decentralized solution with a robust evidence system. They aim to establish a sustainable infrastructure that enables access to applications and protocols on the DePerp platform. DeLa , a Layer 2  solution, is at the heart of this initiative. It employs a Rollup strategy for dynamic and secure scaling of Ethereum. This approach facilitates parallel transaction execution across multiple Layers, ensuring high efficiency and security without compromising the integrity or effectiveness of the system.
Epoch 5
DeLa Dapps MarkePlace
DeLa stands out as a versatile platform designed for straightforward applications that address challenges in both the protocol realm and everyday scenarios. Focusing on scalability in our blog, we explore innovative methods to weave DeFi into daily life. DeLa offers its users a comprehensive platform equipped with a suite of tools, enhancing their experience and solving real-world issues seamlessly. This integration of DeFi into everyday activities not only simplifies financial transactions but also broadens the scope of what's achievable through decentralized solutions.