XNY, the brother who stepped on the hole, don't rush to take over. Many people see the plunge from 0.02 to 0.0058 and think it has bottomed out? Wake up, there are only two ends to enter the long order now: either liquidate the position directly, or be slowly squeezed out of the principal by the perverted 600% annualized rate.



I myself am a living example, and many orders have been cut hundreds of U. To be honest, this thing can be cut in half three or five more times, no joke.

Personally, I judge that the new low is likely to appear in 2-4 months, and it is not too late to consider buying the bottom at 0.0026 or even 0.0018. Unbelief? Look at the case of BAS - it fell dozens of times in a week, and the market never talked about martial arts.
XNY-11.22%
BAS13.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
TokenEconomistvip
· 12h ago
actually, the fee structure here is the real culprit... let me break this down: that 600% apy isn't actually yield, it's just wealth extraction disguised as returns. think of it like traditional banking but where the "interest" actively destroys your principal instead of growing it.
Reply0
ForkMongervip
· 12-10 17:28
nah the governance mechanics on this one are fundamentally broken... 600% funding rates aren't a bug, they're a feature of the protocol's own collapse velocity. this is exactly the kind of systemic vulnerability that rewards early forks tbh
Reply0
MEVHunter_9000vip
· 12-10 10:20
Immediate liquidation or being drained dry, which one to choose? I choose to keep observing.
View OriginalReply0
SybilSlayervip
· 12-10 04:04
The rate is so perverted is really outrageous, not to mention buying the bottom, now going in is to die
View OriginalReply0
TopEscapeArtistvip
· 12-10 04:03
I've become a receiver again, a lesson in blood, everyone Looking at this rate, I know that I have to continue to smash, and the technical side has long been broken I was also there in the BAS wave, and now I want to smash the screen when I bring it up Wait 2-4 months, wait until 0.0018, and now enter is to send
View OriginalReply0
SleepTradervip
· 12-10 03:37
Dude, I don't believe anyone dares to take on XNY's bad plate. The 600% rate is really amazing, isn't this just an open robbery? BAS was so scared that I was trembling when I looked at the contract now, so I would rather wait until I finished cutting it down. Stepping on the air is also better than liquidation, brother.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)