Flying Tulip. Perp. Liquidity
As you remember, we have another perp coming up. I'll try to explain it simply, and tell you something you haven't seen on other channels yet. In short
I would draw an analogy with vault because many perps are now playing around with user money and trying to draw from 5% to 15% APY. Quite tasty, but you have to understand that this is trading and the question of recta/black swan/glitch/lag/wear and tear is a matter of time.
Here are more conservative tools:
> You deposit into Tulips in Vault, which generates returns by placing your money in AAVE, Lido, Jupiter, etc. In return, you receive FT at $0.1.
> If FT falls, you refund your USDT, and FT is burned, which reduces circulation.
> If FT rises, you fix them in USDT, unloading on suckers.
Again, this is more liquidity provision than a sale. At one point, there were options to do it smartly and bring in BNB/ETH/AVAX (and maybe these options will reappear, but that's not certain). Then:
> If BNB/ETH/AVAX rises, you refund and take the profit in $. The upside is infinite.
> If BNB/ETH/AVAX falls, you dump FT at a small discount on the secondary market (10 percent) and use that money to buy a bigger chunk of BNB/ETH/AVAX.
As for the yardstick assessment, it is almost 100% certain that it will not happen — right now, they are simply exchanging your dirty green pieces of paper for rainbow-colored tulips worth $0.1. Here is the current situation:
> Seed Round - $225m
> Impossible - $55m
> CoinGlist - $10m