So how can DeFi compete? Since 2022 perpetual-specific lending pools — GMX’s GLP, Jupiter’s JLP, Hyperliquid’s HLP, dYdX MV— have found ways to offer MM loans via pooled products that resemble a combination of lending vaults and AMM pools

They’ve grown to >$2b, earning ~$750m in 2024 (37% yield!)

Everyone on the X is too distracted with immigration, so I’m giving a sneak peek of some research here

Decentralized Perpetuals have long been the dream but they’ve been too capital inefficient

Many advances pushed DEX-CEX market share to >6% — but how are how are they related?

We answer this!

Now this has to be the wildest VC shade story of all time

I told my Serbian friend I was going to Montenegro (for Zuzalu) and he said:

This meme is what @bunny.bsky.social says my non-crypto portfolio looks like

gm (where am I?)