Perpetual contracts funding rate dynamics under fragmented liquidity and oracle delays
Verify This makes the burn outcome endogenous to adoption. Layer 3 rollups could reduce fees further. Governance design further shapes outcomes: token models that vest or require governance participation tend to align long-term interests, while immediate liquid rewards disproportionately favor short-term speculators. Short term speculators find less incentive to dump tokens immediately. Auditability must be…