River got Arthur Hayes on board, and he's been hyping it like crazy these past couple of days. Spot trading hasn’t launched on major exchanges yet, but recent contract trading volume has exploded because of hedging needs for points and early unlocks. However, the funding rate is absolutely unbearable for most people—at its peak, -2% per hour, annualized -17,000%. I feel like the project is already moving away from DeFi, with all the focus on point redemption and token games. The wild vibes are like a throwback to 2021.