Patrick McKenzie personal blog
Perpetual futures, explained
Crypto’s most popular product offers capital efficiency for professionals, leveraged exposure for the masses, rich yields for market makers — and a poorly understood failure mode.
- Points
- 136
- HN comments
- 79
- Submissions
- 1
- Cited by
- 0 commenters
Crypto & BlockchainTech Industry & Business2025
On Hacker News
| Submitted | Title on HN | Points | Comments |
|---|---|---|---|
| Dec 5, 2025 | Perpetual futures, explained by sirodoht | 136 | 79 |
