The contract fees for the Defi App have been increased. Is this good or bad? In the recent adjustment, the Defi App raised the base fee for perpetual contracts from 0.01% to 0.025%. On the surface, this is a fee increase, but from the perspective of token economics, this move is more like accelerating the flywheel. The reasons are: ※ 80% of the protocol's revenue will be used to buy back $HOME, and the fee increase means stronger buyback efforts. ※ The XP acquisition efficiency for perpetual contracts has also improved, allowing users to unlock Bonus $HOME faster and drive the airdrop pace for Season 2. This makes the $HOME model more akin to an income-driven deflationary token, rather than relying solely on emissions. It is worth noting that even if the fee rate rises to 2.5 bps, the Defi App still remains in the low fee range within the industry, with no disadvantages compared to other mainstream contract platforms. The difference is that it also adds: ※ No KYC requirements ※...
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