A few months ago, zhaozhao shared their personal thoughts on the Perps track: · Top-tier Perps like Hyperliquid will operate independently of centralized exchanges. · Then, there will be Perps that become part of the closed-loop ecosystem of centralized exchanges. Looking at it now, Aster has clearly revealed itself as part of Binance. When a project’s spot trading goes live on Alpha, its contracts will also go live on Aster, forming the closed-loop ecosystem of the main platform—it might already be in progress. Currently, BOB launched Alpha spot trading on November 20, and on November 21, it also went live on Aster @Aster_DEX, supporting 5x leveraged trading. Compared to other Perps, the biggest “highlight” of exchange-affiliated Perps projects is the "closed-loop ecosystem of the exchange." ———————————————— For an exchange, it’s essential to have “Spot & Contracts” + “Wealth Management,” these two major components. Now Aster has also started collaborating with @lista_dao, using @Aster_DEX’s asUSDF paired with @lista_dao to earn approximately 20% annualized returns. ———————— Steps to operate: 1. Use USDT to mint USDF on @Aster_DEX 2. Stake USDF on @Aster_DEX to get asUSDF (approximately 4.60% returns) 3. On @lista_dao, lend USD1 in the asUSDF/USD1 market (approximately *2.46% cost) 4. Exchange the borrowed USD1 for USDF and repeat the above process on any DEX 5. On @lista_dao, deposit the final round of borrowed USD1 into Solv’s exclusive USD1 vault (approximately 12.30% returns) ⭐️ Based on current interest rates, the estimated annualized return for completing 4 cycles is approximately 20.86%. asUSDF oracle price formula: asUSDF price = (asUSDF/USDF exchange rate) × (USDF price) ———————— *On-chain DeFi wealth management carries certain risks. Please manage your finances within your own risk tolerance. Wealth management on mainstream centralized exchange platforms offers lower returns but also significantly lower risks. Recently, there have been many cases of wallet funds being stolen due to private key leaks.