Just as a note, I DO NOT give financial advice in any of my blogs and I strongly urge people to only gamble with money they're comfortable never seeing again when it comes to suicidal leverage at 20-50-100. Seriously, you can get REKT
Okay, with that super important disclaimer out of the way, I want to tell you about my favorite perpetual trading protocol in all of DeFi, CAP Finance
I've been using CAP since 2022 and have staked CAP to earn trading fees in the form of ETH and USDC payouts (at least 3-5% APR) and also have been an active LP'er and trader. I'm currently on the leaderboard as top-30 trader for the month of April for P/L$.
I believe strongly that perpetual leverage trading should NOT require KYC and shouldn't be Geo-Fenced. As of this post, CAP Finance doesn't have a geo-fence (just a disclaimer) and doesn't require any KYC. CAP is small compared to giants in the DeFi perps space like GMX and Gains Network, but is quickly expanding. Pic related below:
If you head to their Discord and Telegram, the devs are very helpful with any and all questions and will get back to you right away - I actually am concerned they don't know how to sleep..
Soon, CAP will be launching its referral program for traders and currently you can win prizes for being a top-30 trader per month. I will be sharing referral codes as soon as we're given the greenlight from the Devs.
As of TODAY, CAP Finance V4 has done a billion dollars in volume since the newest version was launched in mid-February. I'd say that's a major achievement!
Make sure to check out the links I posted here to learn more. Hope to see you trading, LP'ing and/or staking on CAP soon!
Links:
Cap Finance Discord
Cap Finance Twitter
CAP Fiannce Github
CAP Finance Dune Dashboard
Psst their NFT collection exists..DO NOT GO HERE LIGHTLY...x
Broke Shill corner
My PreSearch Referral - Get 25 $PRE for signing-up