Lnzon

Okay, so check this out—perpetual contracts in decentralized finance aren’t just a copy of what you see on centralized exchanges. They’re a whole different beast. My first impression was simple: leverage with no expiry equals freedom. Whoa, right? But then I watched positions cascade through liquidity pools on-chain and realized freedom comes with design trade-offs. Initially I thought it was mostly about funding rates, but actually, wait—there’s slippage mechanics, oracle staleness, and liquidation dynamics baked into the protocol itself, and those change the game. I’m biased, sure. I spent years trading perps off and on, and I’m still learning. Something felt off about treating on-chain perps like CEX perps. The gut said “not the same,” and the data backed it up. So here’s a practical, experience-driven guide to what matters when you’re trading perpetuals on a DEX: how the products work, how to size and hedge, where the traps are,…