Development Progress Report and Release Schedule (Jun 2023 update)
Installation of StatsPage and Announcement of New Release Schedule
Provideing the Stats Page
As we’ve been increasingly asked, “What is the mechanism behind Predy?”, we’ve created this website in response.
The Stats Page
https://stats.predy.finance/
You can find those things at a glance..
- Predy is comprised of three pools trading USDC, ETH, and Gamma.
- Users of Predy who has Gamma Shorts can enhance their ROI on leveraged transactions by borrowing USDC and ETH.
- Predy users who has Gamma Shorts receive premiums from Predy users who want to have Gamma Long, and gets Fee for the surplus in UniswapV3.
And all data is retrieved via Onchain Data and the GraphProtocol ( @graphprotocol ). On a side note, Predy finance is transitioning to the decentralized network of Graph Protocol. We appreciate the great support of Graph Protocol.
Well, let’s see how to use this website. For instance, click on the question mark next to LP.
A message appears, and there’s a link to Dune. If you click on it, you can verify which liquidity range of Uniswap v3 is pooled from Predy Protocol.
We sincerely thank you kyoronut ( @kyoronut ) for your support.
Moreover, we’ve made it possible to verify various Onchain Data via Dune and Defillama.
We strive for transparency. Please let us know via Discord or Twitter if there’s any additional data disclosure needed.
New UI Page ( Coming in a few days! )
We will be announcing a new UI within a few days. (The previous UI will still be available.)
This is a result of engaging with our user’s feedback. The main features are as follows:
Product: Long Strange or Short Strangle
Target Strategy: Select between Bear (max profit when ETH is -2.5%), Neutral, or Bull (max profit when ETH is 2.5%)
Size: 1 = 100√ETH-perp & the chosen ETH-Perp for the Target Strategy is automatically calculated in the UI. ( Right screen will display a chart )
Actually, we had this kind of communication with a user on May 22nd.
https://twitter.com/araz32008658/status/1660632658018439168
In our current UI for V3.0, we believed that those thing s are excellent.
-being able to set the quantity of √ETH or ETH individually in Futures
-setting margins in Gamma Trade to take positions
However, it added fatal complexity at the same time. To improve this and retain convenience, we’ve significantly reduced inputs. Give it a try! You’re sure to have a comfortable UX.
We sincerely thank you Medaka ( @araz32008658 ) ‘s feedback.
Future Roadmap
We are currently working on:
- Bug testing of New UI (this will be completed and released within a few days.)
- Listing of Token pairs other than ETH-USDC
- Setting the Liquidity Range (Rebalancing) mechanism for efficient fee acquisition
The third one in particular is a professional area, so we will update another blog about it. However, once this setting is successfully implemented, the profit rate of users who has Gamma shorts will be improved, we can offer more attractive yields to ETH and USDC Lenders as the payments to ETH and USDC Lending pools will be also increased. We plan to make the lending pool public at that time. Please look forward to it.
Again, we would like to express our gratitude to the Graph Protocol ( @graphprotocol ), kyoronut ( @kyoronut ), Medaka ( @araz32008658 ), and our users and those who give us feedback.
