2025-12-25 04:21:47

A certain DeFi platform has launched an attractive perpetual derivatives trading scheme. According to the latest data, the platform offers an annualized return of 27.2%, which comes from two parts: an underlying interest rate of about 4.3% plus platform subsidies that can reach up to 22.9%. Participants can not only receive real cash returns but also accumulate platform points for arbitrage. This combined income model is particularly attractive to liquidity providers — they can participate in building trading depth while earning multi-tiered incentives. For users active in the DeFi ecosystem, such high-yield product mechanisms are relatively transparent, making it worth a deep understanding of their operational logic and risk boundaries.

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ser_aped.eth

· 3h ago

27.2%? Sounds good, but I still have to ask, how long can this subsidy last? --- Another high-yield trap, brothers, be careful not to get cut. --- I'm tired of playing the liquidity mining game. I always feel like the higher the returns, the deeper the trap. --- Hmm... how does the points arbitrage work? Does anyone know? --- Perpetual contracts + high subsidies, I've seen this formula too many times. --- Wait, the base rate is only 4.3%, and the remaining 22.9% is all subsidies? When will it stop? --- Those in the know understand this model: start crazy, get cut in the middle, and end up at zero. --- You can try a small amount to see how it goes; anyway, you won't lose much. --- What I care about is when this platform will rugpull, not the yield rate. --- Is the mechanism design transparent? Ha, how many times have I heard that?

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GasFeeNightmare

· 7h ago

27% annualized, this number looks a bit suspicious... A base interest rate of 4 points is acceptable, but that 22.9% subsidy? You need to see clearly when it can be actually redeemed. --- It's just a trick again, subsidies are often just a facade. You only realize how harsh the conditions are when you actually participate. --- Liquidity mining is always the same story: high yield = high risk. Don't be fooled by points. --- Transparent mechanism? I've seen too many projects claiming transparency but changing parameters in the middle of the night. --- Has anyone really received this 27%? Or is it just a good-looking paper yield?

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ImpermanentPhobia

· 7h ago

27.2%？Isn't this a pie in the sky, with a basic interest rate of 4.3% relying on platform subsidies... How long can the subsidies last, brother? Isn't this just a tactic to attract new users? Those who dare to participate are quite capable; I'm still on the sidelines. Perpetual contracts need to be watched closely; a slight oversight can lead to liquidation. Points arbitrage sounds good, but I'm worried that points might become worthless later. I've seen too many liquidity mining projects fail; should I take a gamble this time? Or forget it?

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GrayscaleArbitrageur

· 7h ago

27.2%？To be nice, it's high returns; to be blunt, it's just gambling on when the platform subsidies will be cut... --- It's the same old trick, enjoying the subsidies until your funds go in, then the reductions start. I've seen too many cases like this. --- Liquidity providers? Ha, it's just another way of saying being harvested like chives. --- Multi-level incentives sound good, but how many can actually arbitrage? Anyway, I didn't understand it. --- The basic interest rate of 4.3% is somewhat acceptable; the remaining 22.9% is all just castles in the air... unreachable. --- Products like this are like lotteries; the winners are always a minority, most end up losing everything. --- Perpetual contracts are like a meat grinder, brother. High returns always come with high risks. Don't be fooled.

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ContractBugHunter

· 8h ago

22.9% subsidy, sounds great, but I'm just worried it might be cut suddenly one day --- For perpetual contracts, you need to keep a close eye on risk boundaries, or you're just working for the project team --- I've seen a lot of liquidity mining schemes, and those claiming transparent mechanisms better have solid code to back it up --- Point arbitrage? First, ask whether these points can truly be converted into cash --- 4.3% base interest plus 22.9% subsidy? Do these numbers match what's on the blockchain? --- High yields in DeFi are always a double-edged sword; behind promising returns, there are often liquidity black holes

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ProofOfNothing

· 8h ago

27.2%？Sounds like that "high yield myth" again. Fine, I'll see when the subsidies get cut. --- Real yield is 4.3%, the rest is all platform profit? I've seen this kind of deal many times. --- Arbitrage with points again, why is it always so flashy? --- Liquidity providers are just another way of saying "chives," don't fool yourself. --- Wait, perpetual contracts with high returns? Where's the hidden risk? --- How long can a 22.9% subsidy last, three months or three weeks? --- DeFi ecosystem transparent? Ha, mechanism transparency doesn't mean the outcome is transparent. --- Another product I need to test with real funds before I dare to touch. --- The 4.3% base rate is real, the rest is all air. --- I only trust spot for this kind of product. No matter how attractive derivatives are, I need to think more.

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GasFeeTears

· 8h ago

27% annualized? Such high subsidies... Is it real? When will it end? --- Liquidity mining is back again. I was completely wiped out when I saw this number last time. --- Can points still be arbitraged? Sounds like another scam, be careful not to get cut. --- Perpetual contracts with high returns are all about risk; who would believe 27%? --- Base 4% + subsidy 23%, never thought about whether the subsidy could be cut at any time. --- It's the same old story, real cash return is only 4.3%, the rest is probably platform tokens. --- Multi-level incentives sound good... but in reality, it's just later participants working for those who came earlier. --- Deep construction? Basically, just helping the platform earn some spread. --- These products are indeed transparent, but you also need to clearly see the risks behind that transparency. --- DeFi will never fall. Let me believe in it once more.

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NotAFinancialAdvice

· 8h ago

27.2%? Oh, that number sounds a bit suspicious... I believe the 4.3% base rate, but the 22.9% subsidy? Need to take a closer look to see if I have to spend more money to unlock this part. --- The liquidity mining scheme is back again, claiming to be transparent every time, but the risks are always downplayed... However, earning points to arbitrage is a new twist. --- Such aggressive subsidies usually have only two outcomes: either the project truly raises funds, or... you guessed it. --- Multi-level incentives sound nice, but in reality, it's just pushing you to leverage more. --- Perpetual contracts with high yields—I've smelled that scent before. Need to ask those who recently got liquidated what they think.

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