June 2025 Report

Overview:

This is a rolling monthly report that covers data from the month of June

Financial Performance (PnL):

  • Total Volume: $298,340,000

  • TVL change: + $200,000*

  • Total fees Earned: $275,150 total fees accrued in USDC,

  • Fees paid to LP: $169,110

  • Protocol-retained revenue: Approximately $106,040

  • FLP Performance

    • FLP1 = + 1.13%

    • FLP2 = + 2.6%

Protocol Metrics:

  • New wallets on the platform: 951

  • Total Liquidation Volume: $9,204,368

  • Largest Spike in Liquidation: 12th June $549,350

  • Trading behavior insights:

    • Significant increase in SOL Short trading volume which initially used to be long baised

    • Heavy domination of OIL in pool2 with less than 15 days of being live

  • Bugs and Other Improvements:

    • Reworked the way charts used to load and it’s now much faster

    • Fixed certain visual bugs in market selection list

    • Made VP accrual on sFLP continuous

    • Moved transaction building for mint and burn of FLP to the api (should be faster now)

    • New Price update instruction which should be very fast and enable 200x leverage

    • W and AUD delisted

  • New Features & Integrations

    • OIL Listed with 50x leverage

    • Revenue Share is live for users to claim whenever they want

    • Animated Buttons that remove transaction popup

    • FLP Pyth Price feed published

    • Added FLP on Ratex for Yield Trading

    • VP Points Live on Sandglass Ratex and Loopscale

    • Points boost on Sandglass

    • FLP.3 live on Loopscale

    • Reworked on Docs. Should be much more informative and polished

FAF:

  • $FAF currently staked = 616,294,303.078 FAF

  • 9,168,836 FAF distributed as Staking Epoch 2 rewards

  • Proposal 02 : Under works

Roadmap

  • Current development priorities

    • New Earn page

    • 200x leverage

    • Rework the fee structure on swap fees and mint/burn

    • Listing of DXY and SPX

    • Kamino Integration once the FLP Pyth price feed is live

    • New degen mode

    • Margin Engine V2

    • More Listings

    • Revamped onboarding experience (privy)

  • Features or improvements coming up next

    • Magic Block (in works with weekly syncs)

    • Chainlink oracle as backup (still discussing)

    • Volmex finance’s indices based perps (BVIV, SVIV, etc) (finalising steps)

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