Two-week financial product with 100% annualized return on CEX—sounds super sketchy, right? But this time, it’s actually pretty solid. Over half a year ago, I wrote about @Backpack, and just yesterday @MadLads posted an acrostic poem as a joke. Looks like the token launch isn’t far off. In the last two weeks, I stopped trading, leveraged my position to 25x the principal, split it into two sub-accounts for hedging, and used a script for auto-balancing. But honestly, it didn’t trigger that often (see image). The key was boosting the position points in the last three weeks. Based on the latest OTC rate of 0.35, let’s see how many points get updated tomorrow. It should translate to an annualized return of over 100% without a problem.