I recently took a look around Perps DEX. To be honest, there aren't many that left an impression, @StandX_Official is one of the few that made me think for a few more minutes. The reason isn't complicated; it’s clear that it doesn't intend to cater to everyone in some aspects.

For example, its points system. Many projects start out afraid you won't participate, so they assign points for everything; StandX is the opposite. If you don't actually trade or use DUSD, you basically won't get much. This design may not be flashy in the short term, but the logic is very clear: it wants people who are genuinely involved in the system, not just checking in casually.

You'll notice it intentionally draws a distinction: people who put in some money, take on some risk, and participate continuously, versus those who just click a couple of times—they shouldn't get the same results. And then there's DUSD. Now, with perpetual contracts, the competition is fierce—parameters, speed, interface are all similar. What really makes a difference is the old issue of capital efficiency.

#StandX's answer is quite straightforward: keep your margin active. Swap stablecoins for DUSD without extra steps, no need to lock funds; as long as you use it within the system, it will gradually return your real earnings. Not through subsidies, but from the market itself.

This design isn't flashy, but it's very practical, and it explains why DUSD's scale has grown so quickly in such a short time. So I’ve been quite restrained in my judgment of StandX. It’s not a project trying to hype up a wave of attention, but more about building a sustainable structure: rules are strict, pace is slow, but the logic is coherent.

Whether it can become a top player is still early, but at least it's not taking a hype-driven route. For me, this is already a reason worth continuing to watch.

@standxofficial @KaitoAI #Yap #KaitoYap