The lazy person finally feels at ease once There are two reasons why I am not very interested in on chain PERPs: 1. CEX vs On Chain Perp. Because there are no organic users, the final outcome is always PVP between the project team and the brushes. Either the project party sells coins at a discount, or the project party sells coins at a premium, which is a bit boring. Why do on chain PERPs often lack organic users? Users do not want to use experimental products with real money. CEX has already done a perfect job of betting on the size of the game. The mature risk control and team are all invested by CEX with money and time. Which is safe between Binance and Aster? Which liquidity is better? The answer must be Binance. So if I can use Binance, why should I use on chain PERP? Answer me! The only thing on chain PERP can do that CEX cannot do is to serve American customers And this seems to be a bit against the taboo of Americans. 2. On chain PERP vs On chain PERP. It is difficult to form a true moat. It's really difficult to widen the gap as everyone is just one of those two sets of ancestral codes and a few market makers who keep going back and forth. In order book mode, I am competing with Jump in A per, can I escape the clutches of Jump in B per? ——Since they are both exploited by Jump, is there any fundamental difference between choosing A or B? LP mode, either I am betting on ALP or BLP or CLP, the exact same mode with different letters, it is really difficult to convince me which one will succeed and which one will fail. Finally, it became investment again, as the saying goes, 'investing in a project is investing in people'. And I don't know them, so I choose not to participate at all. People don't have to earn every copper coin. I don't have any positions in on chain PERP tokens, but at least I stick to my values.