Another perpDex has announced it’s shutting down operations. The project claimed they’d do an airdrop in Q4, but didn’t even make it through Q3 before calling it quits. —— In the future, there will be plenty of projects that ‘collapse before issuing tokens’... Just yesterday, I was telling a friend: a lot of perp projects are just planning to scrape by on fees to survive this bear market, then exit the space. So everyone, be cautious. After @Lighter_xyz did their airdrop, the industry basically came to an end. Back then, I kept saying not to farm perpetuals anymore. As you’ve probably seen in the first half of the year, all the perpDexes got reverse-farmed.