Adapt or Die

Arthur Hayes' latest article is very much in line with Coinbase's views, but more radical.

Core point in one sentence:
Perps will eat away at traditional futures and options, eventually flattening the entire TradFi.

- 24/7
- No extension needed
- Do not dismantle the liquidity pool
- Simple structure, retail investors are more willing to use
- TradFi cannot do high leverage, Crypto can.
- Regulation will catch up sooner or later (once the US relaxes, the world will follow)

A new batch of super wealthy individuals will come from equity perps + exchange, rather than VC or L1.

The reason why the MemeCore project team is now actively promoting @MemeMax_Fi:
Make Meme into a perp, incorporate emotional assets into the derivative framework, no need for LP, no need for extension, only pure FOMO.