on‑chain perps: choose your ... | Dep OKX Feed

on‑chain perps: choose your arena, farm your edge cash‑grab season is almost over, next meta is volume farming here’s the hit‑list i’m rotating through, one venue per tweet so you can bookmark & dive when you’ve got time🧵

> why care cex futures still run the volume game, but every month more size migrates on‑chain. control the keys, farm the points, skip the kyc upside > the clunky ui tax

> perp dex ≠ binance clone - margin + leverage (same) - trades settle on smart contracts (diff) - no fiat ramp, thinner books (trade‑off) - your pnl = your wallet, not the exchange ledger

numbers never lie hyperliquid tvl: up only even after the airdrop ‑> product > bribery 3‑day avg vol across all perp dexs pushing new aths. disenchantment with cex risk is real

the menu - 10 venues worth a spin • @tradeparadex (starknet super‑stack, dime collateral, 20 % airdrop 2025) • @hibachi_xyz (privacy orderbook on celestia, points live) • @VestExchange (zk perps, 50x lev, season‑1 1m pts wk) • @SatoriFinance (cross‑chain, rwa futures, season‑2 airdrop pool) • @VesselFinance (zk l3 over scroll, voyage loyalty) • @ranger_finance (solana aggregator, jupiter for perps) • @arkham exchange (on‑chain proof‑of‑reserves, points → arkm) • @Aster_DEX (1001x degen mode, rh points) • @cubexch (cefi skin, defi back‑end, mobile soon) • @etherealdex (l3 on ethena, usde margin, 672m pre‑dep)

how to farm without aping 30x • volume = points, size small but loop it • stake native token or lsd collateral pools • referral kickbacks (hibachi 5 % / vest 10 %) • bot the quests – captain bots can 10x your footprint

risk cheat‑sheet leverage = weapon. 5x on a dex feels like 20x on binance when the oracle hiccups keep gas for emergency close. track insurance fund health - if it drains you are exit liquidity

liquidity reality check orderbook spreads still 3‑4x wider than top cex. scalp? use hyper or vest swing? paradex or satori works whale? split flow or you’ll move the index

rwa angle perp dexs will list oil, gold, treasury yield before coinbase does. satori already testing plume feed. first mover here pulls in tradfi degen flow → token multiples

thesis points today = equity tomorrow farming a season now is buying seed equity with gas fees. worst case you learned a new platform best case you repeat hyperliquid

my map 70 % hyperliquid (still yields real fees) 10 % paradex saison farm 10 % vest ignition pools 10 % hibachi privacy punt review weekly, rotate to highest incentive apr

the game perp dexs are not hype, they are infra. every cpi print and every sec subpoena nudges one more fund on‑chain. learn the rails now or you’ll pay the spread later rt for the degen next to you, reply which venue you’re farming. let’s compare scoreboards in december

did you think that was the end? this is just the beginning of the thread next will be 17 relevant perpDex that I found each one provides something unique

1 @HyperliquidX the benchmark. yes, points S1 ended - but 40 % of supply is still reserved 🔹trade → hl pts 2.0 🔹bridge to hyperEVM, stake $uETH, double dip motto = “every fill still counts” link:

2 @Lighter_xyz scroll zk order‑book (eth l2). tvl low, fees 0 % maker funding rebates + daily quests = hidden multiplier i throttle size here to <1 ETH per order and let the bot grind link:

4 @VestExchange multi‑chain zk‑risk engine. points = 1 M / week until sept best spread lives on zkSync. i leg in 2x notional hedge (arb vs base) to print cheap link:

5 @hibachi_xyz celestia data blobs, encrypted books. privacy quests worth 5× seeded by dragonfly. trade tiny lots, mine the “ghost lp” boost before caps fill link:

6 @SatoriFinance cross‑chain, real‑world perps (oil, gold). season‑2 = 5 % supply deposit ≥2 k USDC → 1.5×; hold ≥24 h → 2×. simple link:

7 @Aster_DEX yzi labs money. simple mode 1001×, pro mode full suite rh‑points stack from both trading + referrals (20 % kickback). season‑2 loading link:

8 @ranger_finance solana perp aggregator (jupiter for futures). ranks reset every monday weekend volumes low → top 50 costs peanuts. plus DT drop if you routed through the custom link link:

9 @OstiumLabs trade spx / cl / gold alongside btc. pair with extended (same founders) to hedge each platform gives separate points pool, two birds, one hedge link:

Sourced from

11.92K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.