X @Andy

Perps DEXs are the best business in crypto AND appeal to technical nerds on their design tradeoffs.You should absolutely know:> if there's an escape hatch (Hyperliquid doesn't have one)> if there's a centralized sequencer for latency racing, you should be closest to it for advanced market making> what a "centralized matcher" means (one central hardware machine powers all the maker/taker order matching)> difference between soft finality & hard finalityPerps have become an amazing example of the app-specific ...