I've been tinkering a lot with Perps lately, so I wanted to update everyone on my real-world experience.

First, about the Lighter platform: when I logged in this morning, I saw my points had suddenly dropped by half again. This move is baffling—are things just that competitive, or is there something weird going on with the system? What's even more frustrating is that my friend's accounts have been getting flagged for sybil behavior one after another, to the point where it's almost not worth playing anymore.

I originally had some hedged positions there, but now it looks like I'll have to consider moving elsewhere. If my points keep shrinking like this, there's no way to maintain a decent yield. Honestly, with the platform changing the rules so often, the user experience is really taking a hit. I think I'll need to reevaluate my capital allocation strategy moving forward.