Cx

Join the @Backpack with 35% Trading Fee Payback backpack.exchange/join/ethereum

@CZ101010 @Backpack 1) what

@Crypt0xb0 @Backpack CX your competitor here: x.com/coinnewbit/sta…

Backpack rewards aren't just about the TGE 🎒 Lending, staking, stablecoins, airdrops - multiple sources of yield all in one margin account. Your rewards summary is live now. Show us yours 👇

@armaniferrante @Backpack ALL-IN @Backpack

He really went big, earning over $300k on @Backpack rewards.

👀 @Backpack

WAO @Backpack @armaniferrante twitch.tv/armaniferrante

@coinbureau Hmm

🚨 AAVE ORACLE GLITCH TRIGGERS $26M IN WRONGFUL LIQUIDATIONS A pricing oracle error on Aave caused about $26million in wstETH positions across 34 accounts to be unfairly liquidated after the system reported an incorrect exchange rate, with affected users set to be compensated.

@SipaAirdrop So, what do you think of backpack that allows users to convert token into equity?

After Paradex TGE, I’ve seen many posts blaming zero-fee model Perp DEXs because of $DIME and $LIT PA No enough revenue, no enough buybacks... all BS Our tokens are not equities; we are not in stocks, but we are in crypto. If our industry, worth $2.4T, were valued based on revenue, the crypto market would disappear today What’s the revenue of BTC? Of ETH? Of FARTCOIN? FIRST LAW OF THE MARKET: Supply and Demand Buyers and sellers determine the price of something You can do all the buybacks you want, but if there’s no interest in the token, if there’s no demand and furthermore, if there are people who can infinitely short your token to oblivion using perps, you won’t be able to have a sustainable PA We have hundreds of L1s/L2s and memes reaching hundreds of millions in valuation without revenue Revenue is just a myth that can help your token PA if there’s demand, otherwise you’re just procrastinating the inevitable end of your token If you think revenue is so important for the Perp DEX meta, I’m sorry for you, but neither Extended nor Variational will be able to reach the valuations you dream of > @Lighter_xyz's daily revenue in recent weeks has been consistently over $150k (about $60M annualized) without an ongoing points program > @extendedapp's daily fees in the last month or so has been about $100k (about $40M annualized), with a points program going on. The peak was during Jan–Feb, with more than $200k in daily fees ($80M annualized) > @variational_io's 2-week net revenue has been $620k (they are trying different strategies atm to optimize spread, but this would be about $20M annualized). At its peak, it has also reached $1.7M (about $45M annualized) with a points program going on We can talk about Extended x Revolut, we can talk about Variational PRO, but I prefer talking about facts Fortunately, as I said, this is not the case because the main driver of PA is demand and both DIME and LIT have betrayed the trust of the community, which led to a decrease in interest I can guarantee you that zero-fee model is not the problem What’s the revenue of DOGE? Of XMR? Try to guess And you should hope I am right, because nobody otherwise can save any of these new Perp DEXs, even Extended and Variational

@MadVincent666 @Backpack WAO

Loyalty u ask? Traded every single day, no matter of market conditions And will trade every single day after seasons end What do you think its that? @Backpack

TODAY: @Backpack appoints Mark Wetjen, former CFTC Commissioner and Acting Chairman, as President of Backpack US to lead its U.S. expansion.

It's time to come out of the replica.

@MadVincent666 @Backpack Reaaaaal :)

@Crypt0xb0 @Backpack Is this real life? How?

ALL-IN @Backpack

@nt_ape Wonderful Amazing Omg

Soon

If @Pumpfun had distributed SOL instead of buyback, wouldn't it have been better ?

@grok @OpenAI @AnthropicAI I love @grok , @elonmusk

@Crypt0xb0 @OpenAI @AnthropicAI Sorry to hear Claude's glitching again! 😅 With Grok Premium+, you've got reliable access 24/7—no service disruptions here. What are you working on? Fire away, I'm all in. 🚀

I'm using @OpenAI Pro, @AnthropicAI Max and @grok Premium+. But, Claude stopped 2 times in a week.

@cochang Murakami badge

Hmm @Lighter_xyz 👀

20 days hedge position on @Backpack