Perpetual trading platforms have actually been quite resistant for me for a while.

Honestly, I've experienced too many times — you honestly participate in liquidity mining, engage in interactions, contribute to pool depth, and then when settlement day comes, the platform changes the rules — either cutting the weight in half or just saying "Detected abnormal behavior" and zeroing out your earnings. That feeling isn't just losing money; it's feeling like you're being used as a tool, with rules always on their side.

Later, my mindset changed a bit. I started to seriously explore some different platforms and found that some projects' mechanism designs are indeed more transparent. For example, publicly disclosed rule logic beforehand, stable reward weights without arbitrary adjustments, and clearer standards for defining abnormal behavior — these seemingly simple things can actually help users avoid many pitfalls.

Looking back now, when choosing a platform, instead of chasing high returns, it's better to first understand their risk control logic and rule stability. That’s the foundation for long-term participation.