Many people underestimate the complexity of derivatives trading.

The real challenge is not how many trading pairs you open, but how to handle mark prices, liquidation, margin calls, and system stability in a high leverage, high volatility environment.

@pacifica_fi's design clearly leans towards professional trading logic in these areas.

You can sense that it's not mimicking a CEX interface, but rather dissecting why CEX can support a large volume of strategic trading, then re-implementing these structures in a decentralized way.

For example, support for different margin modes, handling of risk boundaries, and more automation-friendly matching and interface ideas—these may not be intuitive for ordinary users, but for serious strategists, the differences are very obvious.

That's also why Pacifica's growth pace won't be very rapid.

It's unlikely to suddenly surge through a wave of incentives, but once stable traders and strategies are retained, its moat will only deepen.

So I prefer to see Pacifica as a slow asset.

If you only look at short-term data, it might not be the most eye-catching; but if you're concerned about which protocols ultimately host on-chain derivatives, this name is hard to ignore.

@cookiedotfuncn @cookiedotfun @easydotfunX