According to BlockBeats, on November 3, dYdX founder Antonio Juliano expressed his views on X, stating that all perpetual (perps) products are essentially identical, and he is tired of this. He feels the market is stagnant and a zero-sum game. While it is possible to compete and try to shift users from CeFi perps to DeFi perps, he now believes this misses the point. Juliano emphasized the need to return to the basics and reimagine the creativity that DeFi and leverage can bring.
The purpose of leverage trading is to amplify bets, and decentralization aims to put power in the hands of users, not himself. The goal of decentralized leverage trading is to empower users to make large bets. Instead of replicating previous models, Juliano advocates for reimagining how to empower users to amplify their bets.
