Jesse
Jesse|Apr 16, 2025 05:30
The first and second leaders of the Binance contract founding team have created a new contract called DEX @ StandX_Official At present, the stable coin DUSD has been launched, which generates actual returns from staking and futures fund fees through a neutral strategy similar to USDE. Returns can be obtained without staking (to be claimed), and settlement is made every 7 days. Today's yield is 6.65%, with additional points. You can continue to form LPs, and there will be YT gameplay similar to Pendle in the future. The contract function is expected to be launched in July. We are currently in a very early stage. The project currently does not accept external financing and received a grant from Solana Foundation a few days ago. According to a friend from Binance, the founder of Base Hong Kong is wealthy, knowledgeable in technology and the market, and reliable. He is a person who can do anything. Based on such high evaluations, I have moderately participated. Risk points If there is a bear market, the funding rate may be negative. I'm not too worried, because in the long run, the funding rate is still positive for a long time. In addition, Standx has prepared a reserve fund (derived from retaining a portion as agreement reserve income when the fund rate is positive) to pay users for fund fees when the total weekly income of the agreement is negative. 2. Contract risk, refer to Kiloex. The competitor on the same track is dydx, GMX,aster, hyperliquid。
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