Everyone and their dog is scrambling to build a perps DEX right now.
However, very few teams have actually built and run one for 4 years. A LOT goes into operations, risk management, and robustness that is glossed over.
Expecting a few veterans to cook, but probably a few high-profile meltdowns.
btw I think a lot of people are going to get oneshot by perpdex startup building/privates
Building exchanges is very, very hard. I'm a long degeneracy guy and I pass on 9 out of 10 new perpdexes.
I've seen it close up a few times, and motions like Blur, Pacman, HL Jeff, and Lighter Vlad are one in many.
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