Adding $PERPS to my list of @base plays for the next rally.
@PerpsDAO is a new perp DEX that looks way too cheap compared to others, but their aggressive buyback model tells me it won't be so for long.
93% of all trading fees are used for daily buybacks, causing supply to constantly reduce. At current numbers, they could burn through the whole supply in just 2 years.
The platform is live and fully operational, trading works, and competitions/community stuff are already happening.
It runs across 16 chains on Orderly tech, backed by Orderly and Cookie3.
Staking $PERPS lowers trading fees, so the token actually has utility.
Could be something.
CA: 0x61E39a8338D6049DB936534596f29EC26FF5ae7A
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