what's PerpsDAO?
PerpsDAO is a decentralized perpetual futures trading platform built on blockchain technology, enabling users to trade cryptocurrencies with leverage without the need for intermediaries. It supports a variety of trading pairs, including futures and swaps, where traders can speculate on price movements, hedge positions, or capitalize on market inefficiencies. The platform emphasizes community governance through its DAO structure, allowing token holders to participate in decision-making processes that shape protocol upgrades and features. Key mechanics include revenue generation from trading fees, which are partially allocated to buyback and burn mechanisms for the native token, aiming to enhance long-term value and scarcity. Pair trading functionality allows users to trade one asset against another directly, facilitating strategies like arbitrage in trending narratives. Security is prioritized through smart contract audits and decentralized execution, ensuring transparent and non-custodial operations. The protocol integrates with broader DeFi ecosystems, supporting cross-chain interactions and liquidity provision. Users can access up to 10x leverage on select assets, with real-time settlements and risk management tools to mitigate liquidation events.
PerpsDAO launched a co-branded Keystone hardware wallet for $149, with a $50 discount until Mar 8.
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Launched a co-branded hardware wallet with Keystone, offered at $149 with promo code "PERPS" ($50 discount) through 2026-03-08.
Platform launches limited-time promotional campaign offering $10 bonus for trades of $100 or more in select regions.
Launches Pair Trading feature allowing users to simultaneously take long and short positions across different assets.
Achieves 3rd place ranking for weekend trader activity on Orderly infrastructure, indicating strong retail participation.
Burns approximately 2% of total supply over the past 10 days as part of ongoing buyback program.
Platform ranks 4th among all DEXs by active users over the past 7 days according to Orderly infrastructure data.
93% of trading fees now allocated to buybacks with potential to buy back entire supply in 1.5 years at 2x current revenue.
Daily buybacks commence with $2K daily revenue and $10K trading competition launches, targeting complete supply repurchase within 2 years at current metrics.
24-hour trading volume hits $933M across six major platforms including Aden, Raydium, and WOOFi Pro.
Presale launches with $175K initial market cap, featuring one-week trading and social engagement period before eligibility determination.
93% of trading fees are used for $PERPS token buybacks and distributed to traders/stakers, with Cookie3 tracking system determining presale eligibility based on actual trading activity and social metrics.
Presale limited to top 400 traders and 150 thought leaders, ending within 2 weeks. Platform infrastructure powered by OrderlyNetwork across 12 chains.