🧵 Thread

•

@perpprotocol $PERP is a decentralized exchange (DEX) that allows traders to trade perpetual contracts based on various digital assets. With a focus on low fees, fast trading, and no need for KYC, it is a popular platform for traders to speculate on the price of cryptocurrencies.

For makers, who provide liquidity to the platform, there are several strategies to adopt on @PerpProtocol to maximize returns and minimize risks. Here are the top 10 maker strategies to consider:

#1 Provide liquidity to popular trading pairs: The most popular trading pairs on Perpetual Protocol are BTC/USD and ETH/USD. By providing liquidity to these pairs, makers can benefit from the higher trading volume and earn more fees. Visit app.perp.com/.

#2 Use limit orders to set prices: Instead of providing liquidity at the current market price, makers can set their own prices with limit orders. This allows them to earn a higher fee while providing liquidity to the market. - Click on Advanced mode. - Edit the Min & Max price.

#3 Adjust prices frequently: Markets are constantly changing, and prices can fluctuate rapidly. Makers should adjust their prices frequently to stay competitive and capture more trading volume.

#4 Use a bot to automate trading: For makers who provide a large amount of liquidity, it may be beneficial to use a bot to automate their trading. This can help ensure that you always have the most competitive prices & don't miss out on any trading opportunities.

Check out the recently released "Hot Tub" you can add this to your overall bot strategy. twitter.com/perpprotocol/status/1628727156749500418

#5 Use data analytics like @DuneAnalytics to inform pricing: By analyzing trading data, makers can identify trends and adjust their pricing strategies accordingly. This can help you stay ahead of the market and maximize returns. Visit our Dune page below: dune.com/yenwen/perpetual-protocol_2

#6 Diversify across different assets: Perpetual Protocol supports a wide range of assets and tokens. Makers can diversify their liquidity across different assets to reduce risk & earn more fees. Some of the popular pairs listed include: @optimismFND @dogecoin @AaveAave @apecoin

@cosmos @CurveFinance @avalancheavax @Binance @0xPolygon @flow_blockchain @solana

#7 Keep an eye on funding rates: Makers (aka LPs) may also pay or earn funding. Perpetual contracts require funding payments to be made periodically. You should keep an eye on funding rates & adjust their prices accordingly to capture more trading volume. support.perp.com/hc/en-us/articles/5257580412569-Funding-Payments

#8 Hedge against price fluctuations: Makers can use other financial instruments, such as options or futures contracts, to hedge against price fluctuations. This can help reduce risk and increase returns.

#9 Monitor network congestion: Like all DEX platforms, Perp is subject to network congestion. Change RPC as needed. Makers should monitor network congestion, adjust their trading environment to optimize for speed, and adopt a flexible trading strategy. bit.ly/ChangeRPC

#10 Stay up to date with new features: Perpetual Protocol is constantly updating and adding new features to the platform. Makers should stay up to date with these changes and adjust their strategies accordingly to take advantage of new opportunities.

Join us at Discord@perp.fi Follow @perpprotocol Visit our t.me/perpetualprotocol Credits: @lamDavidBrain To stay up to date with the latest info!