GM☕️ Starting from day one of memes creating their own token, you can also conveniently set up an ongoing perpetual market for yourself— @flapdotsh launched the “Perpetual Futures Contract Treasury” last night.
So what’s the underlying principle? See the illustration: trading fees auto-buy back the spot, then the purchased coins are turned into MYX perpetual liquidity. Holders can also receive LP dividend payouts.
The first one that ran, $BBALL—I got in fairly early, and my TP (take-profit) was pretty standard.
After studying it for hours with a few friends, the玩法 really is quite novel. Before, meme trading taxes were basically just buybacks, dividends, or burning. This time it goes one step further: use the tax to buy back spot first, then convert the purchased coins into perpetual liquidity.
In other words, take the trading heat from day one and set it up as a table where fees can keep being collected. With a perpetual market, there’s also an additional trading venue and more exposure—possibly bringing in people who previously only watched the contract side.
Personal take: if nobody opens long or short positions, the LP is just “inventory with a different name.” The mechanism can extend attention and increase visibility, but it can’t create real demand.
I’d already fully exited. But the more I thought about it last night, the more I felt: the upside of this strategy probably isn’t that low. So I went back in a little bit. My new position is now trapped 🫠
PS: In the group last night, family members reacted immediately—they directly went long $MYX and had a great time taking a wave of gains. I was only focused on the tickets on-chain at the time, and completely didn’t think that once the new mechanism went live, the underlying liquidity provider $MYX could be repriced first too.
That’s something to reflect on. Going forward, when I see a new玩法, besides checking the first listed target, I’ll also need to quickly go through the money flow, the technical provider, and ultimately who’s actually taking the trading fees.
#BSC #FLAP #MYX
So what’s the underlying principle? See the illustration: trading fees auto-buy back the spot, then the purchased coins are turned into MYX perpetual liquidity. Holders can also receive LP dividend payouts.
The first one that ran, $BBALL—I got in fairly early, and my TP (take-profit) was pretty standard.
After studying it for hours with a few friends, the玩法 really is quite novel. Before, meme trading taxes were basically just buybacks, dividends, or burning. This time it goes one step further: use the tax to buy back spot first, then convert the purchased coins into perpetual liquidity.
In other words, take the trading heat from day one and set it up as a table where fees can keep being collected. With a perpetual market, there’s also an additional trading venue and more exposure—possibly bringing in people who previously only watched the contract side.
Personal take: if nobody opens long or short positions, the LP is just “inventory with a different name.” The mechanism can extend attention and increase visibility, but it can’t create real demand.
I’d already fully exited. But the more I thought about it last night, the more I felt: the upside of this strategy probably isn’t that low. So I went back in a little bit. My new position is now trapped 🫠
PS: In the group last night, family members reacted immediately—they directly went long $MYX and had a great time taking a wave of gains. I was only focused on the tickets on-chain at the time, and completely didn’t think that once the new mechanism went live, the underlying liquidity provider $MYX could be repriced first too.
That’s something to reflect on. Going forward, when I see a new玩法, besides checking the first listed target, I’ll also need to quickly go through the money flow, the technical provider, and ultimately who’s actually taking the trading fees.
#BSC #FLAP #MYX
