99% of crypto projects fail. Those that survive are projects with a viable business model, consistent protocol revenue, and ongoing user incentives. Instead of constantly scheming to exploit or fleece users, these projects focus on growing and strengthening their business together with their users, creating a win-win situation for both user incentives and project development.
PERP DEX @StandX_Official is a project I've seen doing this.
The SIP-2 holding profit mechanism is a structural extension built on top of StandX's perpetual trading system. Its core objective is to extend fee distribution from a single transaction to the ongoing market state of the holding position itself. In traditional mechanisms, profits are only related to the transaction itself, while this proposal binds profits to the duration and quality of the position. The protocol extracts a portion of the fees to form a profit pool, which is then distributed according to the effective size and duration of the holding position. Each position is calculated with a comprehensive score, which depends on three factors: the size of the position, the holding period, and whether it is in a healthy state. Positions that are opened and closed too quickly, have abnormal risks, or are amplified by high leverage will be restricted or even eliminated to prevent arbitrage. The distribution method is straightforward: everyone shares the profit pool according to their score percentage. Essentially, it is a mechanism for profit sharing based on the contribution of effective holdings. Regardless of how a position is opened, as long as an effective position is formed, everyone participates under the same rules. This mechanism does not change the trading itself, but adds a time-dimensional profit structure on top of it. It transforms open interest from a passive result into an active incentive, thereby directly binding market stability and holding behavior to profits.
