# Evolution from v3.0 to v3.2

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Points:

* V3.0 combines Perpetual Option and Lending.
* V3.0 resulted in a dispersion of liquidity, and the problem of not being able to offer sufficient Gamma volume.
* V3.2 succeeded in concentrating liquidity by offering Perpetual Futures. 
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<figure><img src="https://2706939693-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfbExO6yzRHDLBgKv08Jf%2Fuploads%2FxJpvF5SmHfpsN7ASA9eO%2Fimage.png?alt=media&#x26;token=8cf3c7e1-eac7-492c-b591-0d74a30e2e0b" alt=""><figcaption><p>v3.0 Flow</p></figcaption></figure>

<figure><img src="https://2706939693-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfbExO6yzRHDLBgKv08Jf%2Fuploads%2Fn5GbjjD7XJaLKt11SW6B%2Fimage.png?alt=media&#x26;token=9fc0070c-bb95-4839-8fd5-7be5bcc7d5b5" alt=""><figcaption><p>v3.2 Flow</p></figcaption></figure>

Please take a look at the V3.0 documentation as well.