How to yield farm 54% APY on @Backpack right now. - Deposit 1 SOL ($181.31).- Enable auto lend.- Buy 0.01578 BTC ($1,845.92) on spot-margin using SOL as collateral.- The spot-margin buy will trigger a $1,845.92 USD borrow .- Short 0.01578 BTC-PERP ($1,845.92) using that same.

Hot take: most of the time, effort, and money spent on marketing should be spent on making the product better.

Push notifications are coming soon. This first release is laying the foundation and only has the ability for us to push marketing messages. Next we will introduce configurable push notification settings for everything you need. Liquidation alerts, withdrawals, etc.

Season 2, Week 7. ‣ $5.2B total spot + perps volume.‣ $1.1B 24hr perps volume.‣ $530M open interest.‣ 10M points distributed. Starting Week 8, the top 4 ranks will earn a percentage match on all points earned by their referrals 👇

Monad Cards: a token of appreciation for crypto twitter. ~5,000 active CT accounts are eligible to claim. Each can nominate 3 friends. 10,000 nominations will be accepted on a first come, first served basis. You should probably claim it before it closes

Today we are launching Monad Cards - an initiative to give Crypto Twitter a token of appreciation. Around 5,000 real members of CT have been identified through a reputation network-based approach designed to reflect the social graph of CT. This was done by looking at accounts.

Folks in the @Backpack Chinese community talk much about competitors. They focus on what others do sometimes more than what we do ourself, perhaps a cultural disconnect between the East and the West. But we win not by beating the competition. We win by beating ourself.

Everyone seems to think $SOL is contrarian.

CEXs should architect as DEXs, but they are not the same. Every state transition should be cryptographically signed, validated, and provable by a third party and anchored to a public blockchain--not monthly, not quarterly, but in real time. The only difference in the limit.