StandX's' quote mining 'strategy will truly sweep the PERP market I have been deeply playing with the new mechanism of Standx recently and am ready to figure it out before releasing it The Standx team's thinking is very intuitive. The existing PERP incentive model is actually wrong and cannot build a true liquidity barrier for PERP. Standx rewards behaviors that make the market more like a market - such as sticking to prices, guarding positions, and providing real and tradable quotes This is a very high understanding of PERP StandX has opened up a new path with "hanging orders and pricing mining", similar to the bid mechanism of Blur in the past. The bid mechanism swept the NFT market, but the NFT market was no longer viable. The impressive feature of this mechanism is that the incentive target has changed: from "trading volume" to "quotation quality", most of the PERPs are given points after the transaction, while StandX is the opposite: you hang the order close to the middle price, and even if there is no transaction, you will be scored on a daily basis The biggest advantage is that there will always be someone guarding the market opening, which is too extreme for cold starts. There will never be a shortage of liquidity, rather than a one-way subsidy for trading volume The most important thing is that the "network effect" of this mechanism is more capital efficient Everyone goes to post prices - narrow spreads - lower taker costs - active trading - more sustainable handling/capital fees. This is a self reinforcing flywheel, not a short-term volume boosting firework Intuitive example: Assuming the current price of BTC is $100000, you placed a limit order for 1 BTC: Band A (0-10 bps distance): Hanging unit price $99900- $100000 Earn 100000 points per day Band B (distance 10-30 bps): Hanging unit price $99700- $99900 Earn 50000 points per day Band C (distance 30-100 bps): Hanging unit price $99000- $99700 Earn 10000 points per day Core logic: The larger the number of pending orders+the closer they are to the market price+the longer the pending time=maximizing the point income The more you stick to your face, the longer it lasts, and the larger the order, the faster your points will explode StandX stands for 'quote quality equals mining', naturally suppressing false transactions and investing incentives in price stability and liquidity walls The idea of encouraging liquidity rather than transaction results is impressive Just go ahead and do it https://(standx.com)/referral? code=bbb666