The recent funding rates have been extremely extreme—positive funding rates are insanely high, and going long on perpetual contracts costs way too much. I’ve seen some people run over to the opposing side (as counterparty orders) to earn the funding rate, but for me, the cautious one, I’m still going to dodge the volatility first. After all, airdrop interactions are my main job, and gas fees aren’t cheap either—don’t end up taking losses on both ends. By the way, haven’t quite a few people been comparing the RWA U.S. Treasury yields with on-chain yield products lately? It really feels like those on-chain wealth-management products are starting to get competitive, but honestly, I’ll finish the interactions I’m doing first—who knows what new tricks will show up tomorrow.

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