Perpetuals in DeFi: How to Trade, Hedge, and Survive the Leverage Game

Whoa! This whole perpetuals thing can feel like standing on a moving train. My first impression was: crazy fast. But then I dug into the guts and realized there’s method to the madness—mechanical rules, incentives, and brinksmanship. Initially I thought it was just futures without expiry, but actually, wait—there’s much more nuance when you push…