Lesson 34: The Contract That Refused to End

Perpetuals changed derivatives with one idea:

Why should a futures position expire?

No expiry.

No rollover.

No forced close.

Instead → funding rates keep price aligned with spot.

Result:

• Continuous hedging

• Long-term conviction

• 24/7 crypto-native trading

• Stronger price discovery

Today, most crypto volume flows through perpetuals.

What started as a tweak became infrastructure. 👇

#PerpDEX101 #TRONEcoStar