In the past February, I have been traveling outside and trading PERPs. During this period, I have traded approximately 20 million transactions on OndoPerp. Previously, the official weekly reward was approximately $100000 USDC, but recently it has been increased to $150000 USDC. If I remember correctly, the entire reward pool is 3 million US dollars, which was previously expected to be a subsidy for 6 months. There are relatively few early participants, and trading casually can earn a lot of rewards. Recently, there have been many promotions, and with more people, it should decrease. At this stage, I also think it is unlikely to continue issuing coins. The official reward logic is also quite clear: The more transactions and the longer the holding time, the greater the reward share obtained. From this mechanism, it is more inclined to encourage real trading users rather than simply brushing volume. Previously, Ondo focused more on asset issuance, bringing real assets such as US stock ETFs onto the chain. However, for an asset issuance platform, another real way to capture more value should be around its asset trading. For such projects, either collaborate to open up channels so that assets cannot wait on the platform, or build their own and further grasp the trading entrance in their own hands. OndoPerp is built by oneself. It is not difficult to build a Perp now, but the difficulty lies in the initial mental establishment, liquidity, trading experience, and building one's own core advantages. Ethena has also developed several platforms around USDE before, and their approach should be the same. Ondoperp has now launched popular targets such as SPCX and MU, and more stocks will be launched in the future. For Ondo, if this route runs smoothly, it will form a relatively complete closed loop: asset issuance → asset on chain → liquidity provision → Perp trading → commission income. Allowing global users to trade these real assets 24/7 without permission and with high financial efficiency will naturally be a battleground in the future. I personally will also pay more attention to these three points, the agreement for issuing assets/doing asset management An agreement that provides liquidity as infrastructure, as well as a trading platform. At present, it seems that these are the only things that can still be played in the cryptocurrency circle. Currently, Ondo Perps is fully open, and those interested can experience it themselves. Currently, only USDC deposits are supported through the ETH mainnet. 20% transaction fee discount code: D0ZEMT https://app.ondoperps.xyz/?ref=D0ZEMT