January 2025: Space Station repo delivered a dynamic dual-slope borrow rate model for perpetual futures, with utilization-based rate adjustments to optimize liquidity and trader incentives. Updated on-chain borrowing data structures and clarified fee structures, and refreshed documentation to reflect the new model and data flows. No major bugs reported; the focus was on liquidity efficiency, pricing transparency, and developer onboarding through robust data alignment and documentation.

In 2024-11, Space Station focused on enhancing documentation quality for the JLP Perpetual Exchange, delivering clear guidance on assets, calculations, and risk interfaces to improve user onboarding and reduce support queries. The month centered on aligning documentation with the model’s dynamic hourly borrow rates and rate calculations, ensuring readers have an accurate understanding of AUM, virtual prices, PnL, fees, borrow rates, and risk/oracle data.