# Welcome To PERQ An Introduction to PERQ Pools PERQ brings Supercharged Launchpools to Ethereum, Base & Sonic. The concept is simple. Stake your idle Stablecoins (USDT, USDC, DAI, sUDSC.e) or your wETH/wS/wBTC in our PERQ Pools to earn your favorite tokens of today or tomorrow. {% embed url="" %} PERQ offers users pools where they exchange their yield for unlaunched tokens, which will be released on TGE without any locks. Similarly, the user's stake is never locked and can always be withdrawn. > [The most important thing you do with your crypto is what you do with your crypto when you are not doing anything with your crypto.](#user-content-fn-1)[^1] ***Types of Pools you may see on PERQ:*** ***Launchpools***: Tokens that are close to TGE. Users can get access to the most popular launches simply by staking stablecoins, wETH, wBTC, or wS. Stake and receive your tokens on TGE. ***Fair Launches***: Some of our partners decide to solely launch on PERQ. This means that PERQ is the exclusive avenue of getting any tokens, similar to how the [MorpheusAI Fair Launch](https://mor.org/fair-launch) worked. ***Pods***: Bullish on certain ecosystems? Pods let you delegate your yield towards multiple projects in that ecosystem, via our [Economic Restaking](https://docsend.com/view/zkzis2tcs7p6i84j) Layer. ***Metapools*** (soon): Interested in a certain narrative? Stake in a Metapool and gain free exposure and airdrops fitting that narrative. Set and forget pools that get rotating exposure to our Launchpools depending on your preference. And that's it. PERQ lets you get your hands on exclusive, hyped tokens before anyone else, without spending a dime. [^1]: As seen on Twitter: # How do PERQ Pools work? - Simple Deposits in PERQ Pools are redeposited into vaults. These vaults generate stable yield that is streamed to the projects offering the Pool. This means that your idle capital is put to work to earn money for the project's treasury. In return, the project rewards you with their token. # How do PERQ Pools work? - Advanced

The protocols that enable your rewards.

Deposits in PERQ Pools are placed into vaults powered by various blue chip DeFi protocols. These vaults generate stable yield\* that is continually streamed to the project offering the Pool. Your idle assets are put to work in favor of the projects you choose to support, which enables these projects to give users the tokens they love in return. PERQ Pools are built on a heavily audited blue-chip DeFi stack. First, the underlying vaults are created via the [Yelay](https://www.yelay.io/) factory contracts. Yelay is a heavily audited and battle-tested DeFi middleware with 5 independent audits by Trail Of Bits, Chainsecurity, Quantstamp, Peckshield, and Omniscia as well as an active ImmuneFi bug bounty. The vaults exclusively leverage blue chip, battle-tested DeFi platforms such as Aave, Compound, Curve, Convex, Morpho, Lido, Gearbox, and Frax. As a general heuristic, PERQ recommends lending protocols for stablecoin based pools and LSTs for ETH based pools to minimize friction and maximize security. All underlying strategies are transparent and visible on the UI at any time. {% hint style="info" %} \*Current APY of Vaults ranges from 11% to 15%, and can vary depending on market conditions. {% endhint %}

The PERQolation of yield.

# What is a Launchpool? PERQ Launchpools allow users to get exclusive access to tokens that are heading towards TGE. They are an ideal component to round off a token launch by being the perfect counter part to traditional public sales such as IDOs. Launchpools improve the stakeholder creation process by aligning the incentives between projects and future holders better. ### Advantages over IDOs and Public Sales IDOs require users to sign up and compete for whitelist spots to get a chance at buying tokens. This means that often a large part of the community ends up with no tokens at TGE and has to buy at inflated prices while competing with sniper bots and other actors with unfair advantages. PERQ Launchpools allow **anyone to get early access** to tokens by staking their assets before TGE. **Nobody has to miss out anymore.** Launchpools combine the excitement of an IDO with a more relaxed and inclusive fallback method of obtaining tokens. For projects, they allow for a much wider distribution of tokens among their community at TGE as well as increased liquidity and trading activity due to a much larger holder count off the bat. # Deposit and Withdrawal Flow How Deposits & Withdrawals work on PERQ **Deposit to PERQ Pools**: 1. Connect your wallet, choose your Pool & Asset and Deposit. 2. After confirming the Deposit transaction, your Deposit will be marked as pending. PERQ is using Yelay middleware to batch transactions to save on gas costs and to power key utilities of PERQ. If you want to read more about the details of how [Yelay works, please refer to their docs](https://docs.spool.fi/). 3. While a deposit is pending, it temporarily cannot be withdrawn as it is waiting to be swept into the underlying strategies powering the PERQ pool. As the sweep is called, funds are sitting in a [smart contract waiting](https://etherscan.io/address/0xf5dcf1f6e4c661cb28c27fff88adde3522cfbe91) to be deposited. 4. After the Sweep has been executed, your Deposit is finalized and earning yield. It is now available for withdrawal. **Withdraw from PERQ Pools**: 1. Connect your wallet and select the Pool you want to withdraw from. 2. Ensure that your Deposit has been finalized and is not pending, as per above. 3. Withdrawals from Drip work in two different ways: Slow and Fast.\ \ **Slow Withdrawals** work in a cheap & efficient two-step process that mark your withdrawal to be executed with the next Sweep. After the Sweep has been executed, you can claim your assets, thus finalizing the withdrawal.\ \ **Fast Withdrawals** are an expensive but quick way to withdraw your assets in a single step. You will forego waiting for the Sweep, and instead pay to withdraw from all underlying strategies by yourself while covering all gas costs yourself. 4. Fast Withdrawals are finalized as soon as the transaction is confirmed while Slow Withdrawals finalize with your claim of withdrawn assets after the Sweep. # The $PERQ Token $PERQ is an ERC-20 utility token deployed on Ethereum mainnet. Contract Address: 0x2a414884a549ef5716bc1a4e648d3dc03f08b2cf\ Total Supply: 2,000,000,000 The PERQ token has the following functions:\ \ 1\. Recycling PERQ for the BEANS virtual currency (25% permanently burned, 75% recycled into Earn Pool rewards)\ 2\. Reward Token for PERQ Earn Pools\ 3\. Tradeable representation of PERQ utility

$PERQ Tokenomics

**Tokenomics**: **Seed Investors** — 800,000,000 $PERQ, purchased at $0.003 per token in Q2 2024. 15% Unlock, 2 month cliff, 10 month linear vesting. **Public Sale** — Up to 120,000,000 $PERQ, $0.0038 per token. 100% Unlock, all proceeds go to DEX LP. **Liquidity** — 160,000,000 $PERQ. 100% Unlock. Seeding DEX liquidity and to be given to market makers if needed. **Treasury** — 160,000,000 $PERQ. 3 month cliff, 13 month vesting, to be used in special circumstances. Never to be sold on the open market. **Airdrop & Farming**— 80,000,000 $PERQ. 50% Unlock, 12 month vesting. May be used to amplify $PERQ Earn Pool Rewards to support the Flywheel early on. **Ecosystem & Marketing** — 200,000,000 $PERQ. 30% Unlock, 1 month cliff, 12 month vesting. To be used for key activations as well as potential CEX listings. **Advisors** — 80,000,000 $PERQ. 9 month cliff, 18 months vesting. **Team** — 400,000,000 $PERQ. 9 month cliff, 24 months vesting. # PERQ Store {% embed url="" %} {% hint style="success" %} Check out our walkthrough video on how the PERQ Store works or continue reading below ☕ {% endhint %} ## BEANS: The in-platform currency used at the PERQ Store $PERQ can be converted to BEANS at a ratio where $1 worth of PERQ equates 10,000 BEANS. BEANS can be converted in various quantities, allowing you to restock your BEANS balance by recycling $PERQ. BEANS will power every utility on the PERQ platform, allowing for microtransactions without incurring gas costs. {% hint style="info" %} Current use cases for BEANS: * Purchase and upgrade Loyalty Cards Future use cases for BEANS: * Earn BEANS in the Espresso Bar * Play with BEANS in the Arcade * Purchase Special Edition Loyalty Cards for specific boosts * ...And much more {% endhint %} ## Loyalty Cards Loyalty Cards allow users to boost their rewards on all their deposits in PERQ Launchpools. The boosts range from 0.25% to 100% for the highest Loyalty Card level. Each Loyalty Card has 5 Levels, after which a user reaches the next tier, which comes with a larger increase in boosts than each individual level on a certain tier.

Different Loyalty Card tiers.

## The $PERQ Recycling Mechanism Every time you purchase BEANS with $PERQ:\ • 25% of the $PERQ used in the purchase are permanently burned,\ • the remaining 75% are recycled into the $PERQ Earnpool to fuel the project's flywheel. If other assets than $PERQ were used to purchase BEANS, we iniate a buyback-and-burn following the same principle.\ \ As more and more people purchase Loyalty Cards to increase their staking edge in the Launchpools and Pods, more and more $PERQ are funneled to the PERQ Earnpool, thus increasing its APY. Additionally, the 25% burn rate ensures that the token remains deflationary.

You can find the $PERQ Earnpool here.

# PERQ SDK & Whitelabeling PERQ offers an SDK that allows projects to run PERQ Pools with their own branding, as part of their own dApps. As an example, existing projects can integrate a "Stake USDC/ETH" section next to their native token staking pool on their dApp, where their users can stake their stable assets to farm and claim the native project token, claim it, and then immediately stake them all on the same page. Another example would be running customized launchpools directly on the project's native website to provide a smoother onboarding process for depositors and avoid confusion or friction coming from users seeing other launchpools as would be the case on the PERQ dApp (Think of competing LBPs running at the same time on Fjord Foundry for example). The SDK for this process is currently readily available for any team setting up a PERQ Pool. # Important Links Homepage: \ Twitter: \ Official Telegram Community: \ Medium: *** Audits of Infrastructure used:\ [Yelay](https://docs.yelay.io/technical-details/audits) (formerly Spool)\ [Gearbox](https://docs.gearbox.finance/risk-and-security/audits-bug-bounty)\ [Morpho](https://docs.morpho.org/getting-started/resources/audits/)\ [Curve](https://classic.curve.fi/audits)\ [Aave](https://aave.com/security)\ [Compound](https://docs.compound.finance/v2/security/)\ [Yearn](https://docs.yearn.fi/developers/security) # Audits & Security Leveraging audited & battle-tested DeFi protocols To provide PERQ Pools, we have partnered up with [Yelay](https://www.yelay.io/), a DeFi middleware that enables us to connect PERQ Pools to all blue chip DeFi protocols that generate the yields used to supercharge PERQ rewards. The smart contracts PERQ is using to route to third party blue-chip DeFi protocols have been **repeatedly audited** by some of the best auditors in the space, while maintaining a sizeable bug bounty on Immunefi. Audits of Infrastructure used:\ [Yelay](https://docs.yelay.io/technical-details/audits) (formerly Spool)\ [Gearbox](https://docs.gearbox.finance/risk-and-security/audits-bug-bounty)\ [Morpho](https://docs.morpho.org/getting-started/resources/audits/)\ [Curve](https://classic.curve.fi/audits)\ [Aave](https://aave.com/security)\ [Compound](https://docs.compound.finance/v2/security/)\ [Yearn](https://docs.yearn.fi/developers/security)

PERQ is built on heavily audited and battle-tested protocols.

`Disclaimer: While we continually strive to improve security for all PERQ-related offerings, DeFi and blockchain are experimental concepts and technologies with potentially unforeseen risks that can include total loss of funds and should therefore be treated with care.` # vAPY Calculation What does vAPY mean and how is it calculated? PERQ perpetually exchanges the yield on your deposit for pre-market tokens at a fixed token price, which are then distributed to you at each project’s token generation event (TGE). The fact that these tokens are pre-market means calculating an annual percentage yield (APY) during the campaign is difficult. An APY based on TGE price cannot be relied upon given the rapid price fluctuations that occur shortly after a token starts trading. Instead we have opted to display a variable APY (vAPY). Our **vAPY** calculation intends to show the blended historical performance of all of our completed PERQ Launchpools, giving you an indicator of past performance. We use a time-weighted average price (TWAP) in our calculation, averaging the price for the first 14 days of trading for each project - this way we mitigate the rapid price fluctuations that occur around a project’s TGE. Each Launchpool’s APY is then TVL weighted and blended into the vAPY calculation. {% hint style="info" %} We weight by TVL in order to mitigate the impact of outliers: projects with minimal deposits that either under-performed or over-performed the average {% endhint %} The goal of the vAPY is to showcase the average returns that a user can expect if they participated in our pools for full duration, and chose to sell at the 14 day TWAP price. Keep in mind this is a retrospective average: the effective APY on your deposit may vary greatly based on multiple other factors including the underlying project, the effectiveness of yield strategies at the time of your deposit, the duration of your stake in the pool, your loyalty card level, and when you chose to take profit on your token rewards. As an example for retrospective APY calculation, a Launchpool may utilise a strategy yielding 10% on average, exchanged for Token X at an implied price of 1 USD per token. Token X starts off strong, trading sideways at an average of 4 USD per token for the first 14 days. We multiply the 4x performance with the 10% base yield to reach a 40% retrospective APY that will be weighted by the average TVL of the pool and blended into the final vAPY figure. # Brand Kit
Google Drivehttps://drive.google.com/drive/folders/1ELHq5YIiGxnATeXjvxesKABjeHH6cnXg?usp=sharing/files/Riz17SERLzwakfoZ2Eiq
Figmahttps://www.figma.com/design/vY1Jf2cAeyh1SDHwCXRFJJ/PERQ-Partners-Kit?node-id=0-1&t=nykL1VusQbmxBNEB-1/files/p462J8rifueElrUdxhdy