We're integrating @PhoenixTrade into @perpadfun.
Apologies for the back and forth on this. After working through the options, we've finally landed on what we believe is the perfect fit to power perpad.
Every token launched on perpad gets its own leveraged long/short treasury, with trading fees auto-routed into perps on the token itself. Execution quality on those perps directly determine performance, so the venue underneath matters more than anything else.
Phoenix gives us real order book depth, tighter spreads, and far less oracle lag than what we've been routing through. It's the closest thing to native CLOB infrastructure on Solana, and the right foundation for how Perpad is meant to operate.
Hoping to have it live by tomorrow. More soon.
While market sentiment may be at its lowest, Perpad remains focused on what matters most: building.
We moved fast early on, but we've since taken a step back to refine, optimize, and deliver the silky-smooth experience we've always envisioned.
Periods of low market sentiment aren't just challenges to endure, they're opportunities to build, innovate, and showcase what this technology is truly capable of. Our goal is to capitalize on these moments, bring meaningful innovation on-chain, and bring some fun new energy into the ecosystem.
If we can bring a little light back to the trenches along the way, even better.
We're almost there.
perpad
🤍◎🖤
This is where we currently stand, I know we we're aiming for today - taking the time to perfect the craft rather than rushing into shit.
perpad v2 soon.
We're integrating @PhoenixTrade into @perpadfun.
Apologies for the back and forth on this. After working through the options, we've finally landed on what we believe is the perfect fit to power perpad.
Every token launched on perpad gets its own leveraged long/short treasury, with trading fees auto-routed into perps on the token itself. Execution quality on those perps directly determine performance, so the venue underneath matters more than anything else.
Phoenix gives us real order book depth, tighter spreads, and far less oracle lag than what we've been routing through. It's the closest thing to native CLOB infrastructure on Solana, and the right foundation for how Perpad is meant to operate.
Hoping to have it live by tomorrow. More soon.
Yea right now we're on routing through a more viable venue (phoenix) so there might be some things that are not going through.
it will be easier and all info etc will be more visible once we've fully integrated ourselves here. Sorry about that!
We will definitely have ways of capitalize of everything, appreciate it.
@blockchainz555@PhoenixTrade Yes this should already be whats happening but I'll take a deeper look, collateral should be automatically added so if its not thats an issue!
Hey for everyone launching right now -
We're going through some maintenance so if everything is not working perfectly, it will be in a little bit.
We updated the fee logic we're ready, only flaw is having to use GMTrade and they can be slow only during high volatility.
🤍◎🖤
@IsaacPaulm58837 It's all related, all updates are for every token.
I will provide a more intricate update in a little bit, we're updating our fee logic/keeper etc at the moment.
An improvement overall, stay excited! <3