2025-12-30 08:28:14

What exactly does the StandX project aim to do? Many people only see points being issued and haven't truly understood the core value. Let's discuss from the perspective of traders' actual pain points.

First issue: margin sunk cost is too outrageous

When you deposit margin on perpetual futures DEXs like GMX, dYdX, or Hyperliquid, the money you deposit essentially just sits idle in your account collecting dust. It can be used during trading, but when idle, it generates no returns. Compared to traditional finance, margin can be used for lending to increase returns, but in on-chain perpetual trading, most traders' margin is just lying there. This opportunity cost is overlooked by everyone. It is precisely because of this pain point that traders' capital efficiency has been unable to improve.

GMX-1.71%

DYDX-1.1%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
3
Repost
Share

Comment

0/400

MemeCurator

· 2h ago

Margin is about earning a living in DEX, no wonder no one genuinely focuses on volume. Capital efficiency is indeed a pitfall.

View OriginalReply0

ForkMonger

· 2h ago

yeah ngl the margin sitting idle thing is exactly where most protocols fumble the bag... standx clocked what everyone's been sleeping on fr. that opportunity cost angle? that's the real governance attack vector nobody talks about—most traders don't even realize they're getting arbitraged on their own capital. classic protocol darwinism at work tbh

Reply0

Web3ExplorerLin

· 2h ago

hypothesis: standx is basically trying to bridge the capital efficiency gap that's been haunting perpetual dex traders since forever... margin just sitting there collecting dust while traditional finance laughs at us, ngl that's the real bottleneck nobody talks about

Reply0