2025-12-26 17:28:10

The competitive landscape of the perpetual contract market is undergoing subtle shifts. Early on, everyone was competing to see who could offer higher leverage; now, it's about who understands better how to cherish user funds.

Ethereal's key innovation lies in transforming margin from passive collateral into actively participating trading assets. This is not to stimulate trading sentiment but to genuinely improve trading capital efficiency—every penny of the user can participate in the market more effectively.

Because of this respect for the funds themselves, even though the platform is still in the early development stage and access is not fully open yet, investors are still willing to enter. This indicates that the market has begun to recognize more rational and professional trading designs.

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GweiWatcher

· 2h ago

Wow, finally someone is not scaring people with high leverage. This is proper work. Margin can be used to participate in trading? That idea is indeed fresh, but how many can actually implement it effectively? Early on, big players actively entered, indicating that this design really hits the mark. When can we truly abandon the crazy logic of "the higher the leverage, the cooler it is"? LOL If capital efficiency can really be improved, I am optimistic about this direction in the long run.

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ContractTearjerker

· 2h ago

Uh, this wave is really different, finally someone is treating money like money --- The perpetual strategy of using leverage as marketing should go out of fashion --- Can the margin be activated? Now that's thinking clearly --- In the early days, not opening up actually attracted more funds, there's something to that --- It's no longer about who has higher leverage; this shift is truly fierce --- Capital efficiency sounds nice, but whether users buy into it is the real test --- Ethereal's approach indeed took a wrong turn --- If money is used like this, I want to give it a try --- Cherishing user funds? Just listen, but execution is key --- From high leverage to high efficiency, the flavor has changed

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DegenDreamer

· 2h ago

Haha, bro, this wave of Ethereal really got it figured out. The leverage arms race is dead. Who the hell is still racing to liquidate positions? Moving from passive collateralization to active participation, this isn't just flashy—it's purely about improving efficiency. Not many projects have a clear understanding of capital utilization. What does it say when early funds start to flow in? People are beginning to think a bit more. They're no longer just looking at high leverage but are starting to consider whether the trading design is reasonable. Wait, if that's the case, wouldn't those platforms still hyping leverage be left holding the bag? Could this rational approach actually cause aggressive traders to move elsewhere? Early on, not opening to the public but gaining recognition from funds sounds a bit like an internal beta. Would setting such high thresholds cause us to miss out on regular users?

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ForkThisDAO

· 2h ago

This is the right way. Leverage should have been used creatively long ago. Capital efficiency is maximized, it sounds so satisfying. Wait, isn't this platform fully open yet? Then why are big players rushing in?

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