Recently, investment interest rates have dropped, so I'm offering an arbitrage opportunity. Currently, it can yield around 26%. For CEXs that are severely disconnected from the blockchain, trading new assets on semi-on-chain CEXs like @Backpack is indeed a better option. Because when lending out spot currency, you can not only earn traditional lending rates, but also some PoS (PoS) rewards from the mainnet currency. Take the recent TGE monad as an example. Because it includes lending and POS collateral, you can earn an 11% return. In addition, after you buy the spot, short to hedge the risk exposure, and you can earn another 10% annualized short fee. This is because the loan on BP can still be used as collateral. However, the hedging part of the traditional CEX requires additional position space, which will reduce the overall return of the strategy by nearly half. Of course, this fee rate fluctuates and may become wear and tear later. If the funding fee exceeds the return, this strategy will have to be stopped, but there will definitely be other opportunities, such as Sol, which can also be done in the long term. Other public chain coins should also support this dual-income model in the future. ( backpack.exchange/join/laicai )

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