A “Free Lunch” with 400% APY? The Truth Behind Trade.xyz’s Crude Oil Perpetual Negative Funding Rate | Bee Network
LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyattTrade.xyzMarketTrade.xyzcryptoRelated: TAO Subnet Team Praised by Jensen Huang Has Parted Ways with Founder in a Bitter Split
Author｜Azuma (@azuma_eth) Remember the story where NVIDIA CEO Jensen Huang praised Bittensor (TAO)? On March 20th, during an appearance on Chamath Palihapitiya’s All-In podcast, Huang was asked about his views on “decentralized AI systems/computing power networks.” Palihapitiya used Bittensor as an example (arguably with some self-interest), mentioning that a subnet team on Bittensor successfully trained a 4-billion-parameter (actually 72-billion-parameter) Llama model, with the entire process completed through distributed computing power collaboration. Upon hearing this, Jensen Huang commented that it was “a pretty remarkable technical achievement.” Boosted by this positive news, TAO surged against the market trend last month, briefly surpassing $370, and Bittensor was hailed by the cryptocurrency industry as “the hope of the entire village.” However, just half a month later, the situation took a sharp turn due to…# Analysis# crypto# defi# MarketPre
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- At the same time, a rare phenomenon has emerged with the WTIOIL-USDC crude oil perpetual contract on Trade.xyz: the annualized funding rate has stabilized between -300% and -400%. This means that a...