actually, they're just funding a basis trade they were too lazy to execute themselves. @Multiplifi isn't building a protocol layer. they're building an access layer. the "yield" doesn't come from validaton or emissions. it comes from the inefficiency of perp markets. the loop is cleaner than people admit. you deposit btc. they mirror it to a custodian like copper or ceffu. institutional managers take that capital and short the perp against the spot to harvest the funding rate. market neutral on ...
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