The biggest regret of OPN before was not selling a portion of the points to recoup the cost during the $40 off court period. However, at that time, the top 1.4B of Aspecta could also short OPN, which was also a hedging strategy. Now it has created a ranking chart similar to Kaito's before, keeping track of various projects' pre-market popularity and FDV at any time, not missing any trading opportunities. At present, everyone understands the form of airdrops, which is at the cold winter level. The pain point of pre market hedging has always been the fear of the dog market bursting short positions. Therefore, for most pre market contracts, few people dare to engage in large-scale hedging because of the large fluctuations, such as XPL, which has formed a huge game. -Multiple parties can flexibly choose to close positions or conduct spot settlement during the window period after TGE -The short side has no risk of liquidation, and can flexibly choose between spot settlement or abandoning margin during the window period -Both parties have no counterparty risk throughout the entire process This type of hedging can result in a maximum loss of principal, and it still has advantages over hedging contracts. At present, I feel that liquidity and capacity are sufficient for small and medium-sized users. Whale users should pay attention to placing orders in batches, etc If there is a similar opportunity next time, let's first recoup a portion of the cost. Aspecta is a good product for pre-market trading. By launching the project early enough, whether it is long or short, there can be good returns, and secondary games are also possible with limited risk.