Perpetual Protocol

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Perpetual Protocol community shares an interesting fact about a whale that got blown up 53 years ago before the existence of DeFi, crypto, and crypto whales. The community invites readers to check out the real-life whale and also witness the rise of DeFi whales making huge gains.

Perpetual Protocol prioritizes protocol security and employs a 3-pronged approach to protect users' funds. They have internal measures such as pair programming and code reviews, use standardized code frameworks, and undergo professional audits. Additionally, they have a bug bounty program that rewards whitehat hackers for reporting vulnerabilities. They provide a summary of bounties paid in the past.

Perpetual Protocol's vaults have unlocked over $2M, with the USDC vault offering at least 10% APY. The USDC-BTC vault is particularly profitable, with a 15.5% 30-Day APY. All vaults are performing well, with the ETH vault providing a consistent 10.2% lifetime APY over 7 months.

In the past week, three individuals have made over $1 million and five others have made over $500,000 in gains on Synthetix and GMX. However, one trader on Synthetix has lost over $1.5 million. Perpetual Protocol offers a DeFi-Whale Leaderboard to track the big whales trading across perp DEXes.