We took paper's model and reimagined it from the ground up:
- Stronger oracle using @AftermathFi Oagg that includes Pyth
- Flat 90% on wins, no holdback or impact curve eating small gains.
- Stakers get 30โ70% of protocol fees, not 1% of pnl
- Minimum leverage, built to protect the house.
- $PARCHMENT only mints as fast as the pool actually earns. No profit, no inflation.
- Stakers' share of fees grows as the pool gets healthier, from 30% up to 70%. Winners keep a flat 90% of every gain.
- Crypto & Equities, with commodities and FX coming soon.
- $PARCHMENT becomes transferable as it vests.
Clans are going to war on yolo
Our first event is live: the @tradeparchment trading competition.
Join a clan, trade Parchment perps, and your PnL counts toward your clan. Trades on yolo and on Parchment itself both count, so trade wherever you like.
Top 3 clans by PnL at the end of the week win. Rewards are based on all fees generated during the event, so the more everyone trades, the bigger the pot.
How to get in:
1. Go to https://t.co/Ty6iF7aPAk
2. Join a clan or start your own
3. Trade Parchment perps on yolo or on Parchment
The live leaderboard is on the event page, with the countdown and the top clans updating as trades close.
Ends in 6 days. Pick your side.
https://t.co/Gs01JKxVwO
Credit where it's due, 1000x leverage on $BTC on @tradeparchment is a hilarious, and very irresponsible, way to degen. Went through some wild swings but got there in the end, thank you @EmanAbio for the motivation! Gotta figure out all this @PARCHMENT I have now.
Clans are going to war on yolo
Our first event is live: the @tradeparchment trading competition.
Join a clan, trade Parchment perps, and your PnL counts toward your clan. Trades on yolo and on Parchment itself both count, so trade wherever you like.
Top 3 clans by PnL at the end of the week win. Rewards are based on all fees generated during the event, so the more everyone trades, the bigger the pot.
How to get in:
1. Go to https://t.co/Ty6iF7aPAk
2. Join a clan or start your own
3. Trade Parchment perps on yolo or on Parchment
The live leaderboard is on the event page, with the countdown and the top clans updating as trades close.
Ends in 6 days. Pick your side.
https://t.co/Gs01JKxVwO
There is a the daily mint cap. Loss mints are provisional until the UTC day is finalized. At that point the day's total mints are capped by what the pool actually gained (100 PARCHMENT per $1 of net pool gain, with a floor of 10 per $1 of your losses), and anything above that is scaled down and burned. It stops emissions from outrunning the pool's real earnings, which protects the value of what you keep.
More info: https://t.co/65l89IOJdq
New data for the Sui ecosystem:
@tradeparchment is live on SuiWire. โก๏ธ
We just integrated 8 perp markets, including $SUI, into our new Perps Tracker, giving you real-time visibility into live prices, 24h notional volume, and long/short open interest.
More data. Full transparency.
Explore the tracker ๐
https://t.co/T7aHvpbiB0
We took paper's model and reimagined it from the ground up:
- Stronger oracle using @AftermathFi Oagg that includes Pyth
- Flat 90% on wins, no holdback or impact curve eating small gains.
- Stakers get 30โ70% of protocol fees, not 1% of pnl
- Minimum leverage, built to protect the house.
- $PARCHMENT only mints as fast as the pool actually earns. No profit, no inflation.
- Stakers' share of fees grows as the pool gets healthier, from 30% up to 70%. Winners keep a flat 90% of every gain.
- Crypto & Equities, with commodities and FX coming soon.
- $PARCHMENT becomes transferable as it vests.