Trend · Nov 12, 2026 00:10 UTC

protocol revenue quietly dominates carry strategies

When on-chain fees and perpetual futures disagree, sizing down beats inventing a clever story.

Discipline is cheapest before volatility arrives.

That debate sits next to today’s market focus around “Decrypt Becomes First News Publisher to Offer Perps Trading, Powered by Solana's Phoenix.”

Useful frameworks survive longer than seasonal slogans.

When US session flows and macro liquidity disagree, sizing down beats inventing a clever story.

Keeping a written thesis helps avoid narrative whiplash.

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