Perpetual Protocol LP Strategy

Risk Category: High

**This strategy has been deprecated**

FOR HIGHTABLE NFT HOLDERS: THIS STRATEGY IS THE SAME AS THE CONCENTRATED LIQUIDITY PROVISION STRATEGY.

Vault Information

Maximum fund size: 2,500,000 $USDC Asset Token: $USDC ShareToken: $OPTEA+P $OPTEA+P Token contract Address: 0xee1E02609a480BDC9D9651C200D90222b6691f03 Locked Period: Every day 13:00 UTC+8 – 15:00 UTC+8 Note: Deposit/withdrawal requests may take up to 2 working days in the UTC+8 timezone to process and enter into the next round.

Summary

This is the "public" version of our high-risk Concentrated Liquidity Provision Strategy, which was originally only available to HighTable NFT holders. Through a partnership with Perpetual Protocol, we made this strategy available to non-holders as well! This strategy allocates 100% of user-deposited funds to providing concentrated liquidity on Perpetual Protocol to earn trading fees as well as $OP and $PERP rewards.

Please refer to the Concentrated Liquidity Provision Strategy Design page for more details.

Depositing & Withdrawing

  • Please see our guide on how to deposit and withdraw funds.

  • If you request to deposit $USDC during Round X, your funds will enter the strategy in Round X+1, and you can claim $OPTEA+P in Round X+1 (or later).

  • The earliest you can request to redeem $OPTEA+P into $USDC will be in Round X+1, for the funds to be removed from the strategy in Round X+2. You will be able to claim the corresponding $USDC to your wallet in Round X+2.

  • If you do not redeem $OPTEA+P into $USDC, your funds will automatically continue into the following Rounds.

Fees

Teahouse will assess Platform Fees, Management Fees, and Performance Fees for this strategy.

Platform Fees

Entry fee: None / Exit fee: 0.2%

E.g., I initially invested 1,000 $USDC, and upon exit, I have 1,500 $USDC. I will have paid 1,000 * 0.1% = 1 $USDC at entry and 1,500 * 0.2% = 3 $USDC at exit, for a total platform fee of 4 $USDC.

Management Fees

1.7% (Annualized) divide by 52 weeks to get weekly fees charged: 0.03269%

E.g., I invested 1,000 $USDC, and 1 week later, the $OPTEA+P token value increased to 150% of the original. When exiting after a week, I will incur 1.7% * 1,500 $USDC * 1/52 = 0.49038461 $USDC. Alternatively, if it takes a full year to reach 150%, then I will incur 1.7% * 1,500 $USDC = 25.5 $USDC.

Performance Fees

20% of profits made.

Disclaimer

Your friendly Teahouse Hosts would like to remind you that nothing contained on this website should be construed as financial advice. Teahouse makes no guarantees, express or implied. Please note the high-volatility nature of cryptocurrencies and DYOR. Be responsible for your actions and beware of scams.

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