Perpetual futures, or perps for short, are DeFi’s golden goose. If you’ve ever traded with leverage, that’s a perp.
Perps give traders huge leverage and the ability to go long (buy) or short (sell), something that was previously very challenging for the everyday investor.
With the recent blow-up of FTX, people have woken up to the need for DeFi. Users are looking for a safe place to trade, and DeFi is that place.
We’ve already seen volumes picking up on popular exchanges dYdX and GMX. See the spike in dYdX users below, while November was the FTX blow-up.
Today, friends, we’re looking at a small-cap crypto that’s ready to ride the bull and give us massive returns through 2023!
We see this project outperforming both DYDX and GMX and forecast a potential 13.5X return in 2023.