Grants Program

Projects, ideas and events that benefit Perpetual Protocol and its ecosystem are eligible for grants!

Overview

The Perpetual Protocol Grants Program aims to fund protocols building on Perpetual Protocol. The program covers two main items: Request for Proposals (RFPs) and Open applications.

  • RFPs are items that the core team would like to be built or done, but currently doesn't have the bandwidth for.

  • Open applications are for all ideas that contribute to the Perpetual Protocol ecosystem. All of your weird and wonderful ideas that we would never think of are welcome! The program prioritizes grants that contribute directly to bringing liquidity or trading volume to Perpetual Protocol V2

The program prioritizes grants that contribute directly to bringing liquidity or trading volume to Perpetual Protocol V2

Top priorities

The following are the highest priority grants that are currently eligible as part of the grants program

Highest Priority RFPs

On-chain Perps Trading Strategies Research

Description:

This grant incentivizes crypto traders to develop and implement directional trading strategies on-chain using Perpetual Protocol. Traders can modify and test their strategies on the protocol, with our team available for integration support and feedback at all stages. Traders can also run their proprietary strategies off-chain and are not obligated to share them. Please note that arbitrage strategies are not eligible for this grant.

Criteria:

We are seeking prop traders with extensive experience in crypto or perps trading, whether it be algorithmic or manual, who are interested in testing their strategies on DeFi/AMMs.

Budget: Variable

Based on the qualifications of the team and the capital deployed. We usually split grant projects into multiple milestones. Some indicative milestones are:

  • Milestone 1: Integrate with Perp and deploy the strategies

  • Milestone 2: Scale up to 1% of Perp Trading Volume (currently, that would be 250k daily trading volume) maintaining >50% uptime

  • Milestone 3: Scale up to 3-5% of the total exchange volume, maintaining >70% uptime

Themes

The following list suggests potential themes that could contribute to the Perpetual Protocol ecosystem. This is not an exhaustive list and is intended to be indicative only.

Liquidity

This section covers anything that helps bring liquidity to Perpetual Protocol V2. This can include:

  • Developing an automated liquidity provision vault, such as a Charm Finance Alpha vault.

  • Developing strategies that use liquidity provision into Perp v2 as a core component of the strategy.

Trading Volume

This section covers strategies for increasing trading volume on Perpetual Protocol. This can include:

  • Directional trading strategies on Perp

  • Using Perp v2 as a hedging venue for their strategy.

Tooling

Building any tooling that may be helpful for either makers, takers, traders, or token holders. Some examples of this could include:

  • Tools and trading infrastructure that help with backtesting, simulation, and optimizing strategies

  • Dev infrastructure for building trading bots LP/Market-making tools that help create sticky liquidity on Perpetual Protocol

  • Integrations with 3rd party tools such as TA charting tools

Structured Products

Anything that utilizes Perpetual Protocol as a base layer for their strategy/vault. Some examples could be:

  • Basis trade vaults

  • Funding rate Arbitrage vaults

  • Copy Trading vaults

  • Active LP vaults