Alrighty, it will all get fixed however it may take a little longer than expected as its quite complex - we're currently trying patch the bad defer logic so valid parked USDC can actually repair leverage & prevent this from happening.
regardless - solana is life.
Perpad v2 is LIVE.
Migration complete → @PhoenixTrade
Full integration is now live
Fees route natively, positions open automatically, and tokens launched through or with perpad work exactly as intended.
Ready to conquer the world of perps & memes
🤍◎🖤
Leverage correction is now active across all live positions.
If any token is currently sitting above or below its intended leverage, it will begin correcting automatically on each top-up tick until it converges back to the target ratio.
Positions will rebalance themselves over the next few claim cycles.
Quick update: We’ve isolated the keeper issue causing the top-up and slicing of profit on positions >
this isn’t just a retry bug. some venue calls are failing even after 12 retry attempts with exponential backoff, so we’re working with their team while we ship the direct fallback path.
goal is simple: close/trim live positions properly, realize profits, and route buybacks from realized profits again.
we’ll update as soon as its ready ! ; )
System is working as intended. We just need more live testing to gather feedback and validate edge cases.
I've also updated the UI to accurately reflect current functionality and available leverage options.
New launches are working well as intended. The remaining work is focused on migrating older coins, bringing us closer to a fully functional, polished product.
🖤◎🤍