2026-01-05 16:32:23

The perpetual contract DEX track is entering a fierce competition phase. Recently, the conflicts among several mid-tier projects have become more direct, with mutual exposing of shortcomings becoming commonplace.

The Para platform pointed out that Nado is a rebranding solution for Vertex. In terms of token incentives, after Vertex was acquired, original token holders could exchange for 1% of INK tokens proportionally, while Nado directly distributed Nado tokens. Both have their pros and cons.

Even more exaggerated is the Cascade project, which community insiders revealed to be a repackage of Perennial. Even more outrageous is that the project previously conducted a points reset event, directly harming the interests of many participants.

Such operations are no longer simple market competition but seem to be overdrawing user trust. The derivatives DEX track is highly competitive, but tactics like rebranding and invalidating points only accelerate the淘汰 of bad projects and the rise of good ones. Investors should be more cautious when choosing projects.

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FallingLeaf

· 01-08 09:42

Switching shells is so outrageous, the wave of Cascade points reset directly broke the defense. What’s there to play anymore? --- Nado switching shell to Vertex, this move is really brilliant. Even with such a rotten track, it’s not the market’s coldness to blame. --- Saying points are reset just because they are reset? That move is really ruthless. Users’ hard-earned money just disappears like that. --- The industry is so competitive that everyone’s a loser, investors need to open their eyes. --- Shelling, resetting, derivatives DEX—this mess is getting more and more muddy. Who would believe it? --- Para exposes Nado’s flaws, then Cascade is exposed for packaging Perennial. Neither are good. --- This track has truly become a large-scale crash site, each one more cunning than the last. --- Points reset directly hurts people. Is this even a project? It’s basically an art of cutting leeks. --- DEXs keep undermining each other, users are the biggest victims. Truly exhausting.

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BankruptWorker

· 01-08 03:23

It's really just shell companies becoming trendy. That move by Cascade was outright brilliant. Zeroing out points? That’s so unethical. Nado changing its shell to Vertex is somewhat interesting, but a project like Cascade that directly invalidates user points is truly a career killer. Everyone understands DEX competition, but don’t play such hurtful tricks. The track will eventually fail. Wait, Cascade is still alive? Has the community not abandoned it? Why are people still playing this project? Shell companies are one thing, but zeroing out points is the key issue. Who would dare to touch it now? The current track is too murky. I feel like there’s no project I can trust. Vertex was acquired and rebranded as Nado—that’s just how Web3 is. Honestly, these projects exposing each other only make me respect them all less.

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DegenWhisperer

· 01-07 05:14

They're even brazen enough to do shell companies openly, the industry is really rotten to the core. Cascade's wave of point resets is truly disgusting; projects like these deserve to be eliminated. It's obvious that Nado changed its shell to Vertex a long time ago—does no one dare to tell the truth? Why is the perpetual contract track full of such shady operations? How can people even play? Bad money drives out good money, no joke. We need to keep a list of these projects.

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DefiVeteran

· 01-05 17:02

Shelling, resetting to zero, I've seen this routine too many times, I'm already numb. That wave of Cascade directly made me laugh, points reset to zero? As a rookie, this is the first time I've seen such boldness.

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SellLowExpert

· 01-05 17:02

Shelling out a new name to continue the scam after a rebrand, this operation is truly brilliant... Clearing points to zero, isn't this just blatant? --- The wave of point resets at Cascade really broke the defense, rebranding is one thing, but playing like this? --- The track has become so intense that there's not even basic sincerity left, just thinking about how to harvest the leeks --- Vertex→Nado→Cascade, this routine is getting more and more elaborate, investors really need to be more cautious --- Overdrawing trust is so accurate, if this continues, derivative DEXs will eventually become a leeks harvesting camp --- Point resets can still be done directly, I'm really stunned... How can we still trust this? --- Another rebrand, another reset, this track now is just a game of changing disguises to continue the scam --- Para exposes its flaws, Para, Cascade packages itself, anyway users are the ones who end up paying the bill --- It seems derivative DEXs are just large-scale leek harvesting arenas, the more tricks you have, the more you win

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GigaBrainAnon

· 01-05 17:02

Playing the shell game to this extent, they really don't consider retail investors as people anymore. The matter of Cascade points being reset to zero, how shameless is that? Derivatives DEXs are already ruthless, and now they are openly cutting. Trust is something that can be lost in an instant.

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SchroedingerGas

· 01-05 16:59

Shell companies, zeroing out, and harvesting retail investors—this track is really becoming like a plastic surgery clinic. That wave of Cascade directly caused social death; once the points are reset, who would dare to touch it again? This is why I always watch and complain at the same time, never daring to go all-in on a certain project. It's either shell companies or incentive restructuring—players are probably fed up and played out. Derivative product DEXs are now a race for armament; in the end, retail investors' trust is the one that gets buried.

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fren_with_benefits

· 01-05 16:56

Look at how this industry is being run like a car dealership, just changing the shell and daring to start over Resetting the points is a brilliant move. I just want to know how these people still have the nerve to come out and raise funds

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AirdropChaser

· 01-05 16:52

Shell swapping gameplay is indeed quite clever. If this continues, the DEX track will really fall apart. Cascade's recent score reset completely broke my confidence. Who would still dare to play? More and more shell projects are emerging, making it difficult to distinguish which ones are genuine and which are just to scam retail investors.

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UncleLiquidation

· 01-05 16:49

Shelling, zeroing out, cutting leeks—what new tricks are there in this track? --- Cascade's operation of resetting points to zero is brilliant, directly clearing trust. --- Let’s just let the derivatives DEX continue to rot; anyway, the bad coins have already won. --- Nado changing shells to Vertex? I can't tell who is who among these projects. --- They really treat users like fools, each more cunning than the last. --- This track should have been reshuffled long ago; there are too many bad projects. --- Projects that are still alive after the points reset incident should be blacklisted. --- Exposing scandals at Para has become routine, what does that say? It indicates this track is about to die. --- Just ask, is there anyone still daring to participate in derivatives DEX? --- Shelling, tricks, zeroing out—aren't these just the usual operations in the crypto world?

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