Lighter’s mainnet arrived as scheduled.

The Four Kings + MSX have basically been established.

Today I really thought about my goals.
I’ve recently met with many DEX CEOs.
It’s safe to say that the main theme for next year is still perpdex.
I keep choosing projects,
and projects are choosing me.
In fact, perpdex’s ability to generate revenue is really strong.
It only needs 300 users to break even.
But it requires real technology—
not just anyone can pull it off.
Many perpdexes are just templates to scam fees.

Today I chatted with NADO from North America.
Everyone probably knows who they were before.
Airdrops from the Link public chain plus airdrops for farming
could be a big opportunity.
After Lighter ends,
I’ll put a third of Lighter’s profits into this.
They’ll IPO on the Kraken HashKey exchange.
They’ll issue tokens before that. I just saw they’re seeking more funding.
From what I’ve seen, their tech is first-tier.
Plus, two airdrops—Link and NADO’s native token—
are worth looking forward to. I might start this next phase.
I have 10 experience codes right now.
If you need one, DM me.
I’ll give it to you, but you have to use it. If it’s unused for a week, it’ll be taken back.

I’ve looked seriously at Variational.
I haven’t figured out their points system, so I don’t know the risk/reward.
They only said it’ll be retroactive, which is meaningless.
I’ll wait for the detailed rules to come out
so I can calculate the risk/reward and see if it’s worth it
before I really join the test,
predict the cost and airdrop timing.
I also have 200 platinum invite codes.
If you need an invite code, contact me.
I haven’t started yet—waiting for EdgeX to issue tokens.

As for StandX, I won’t talk much about it. I probably won’t farm it.
I don’t want to waste my undefeated record.
Just depositing is enough.
I looked at it seriously—
it’s very hard to farm, high chance of loss.
I originally planned to farm this after MSX issued tokens,
but if there’s a better opportunity,
I’ll choose something where the community can directly profit.

Perpdex will be the main narrative in 2026.
This main line will always be the Four Kings + one fast track,
equal to four main lines and one side line.
Overall capital will triple.
Even if one project fails, the other four will still double.
Airdrop farming is actually like fighting a battle—
a tiny misstep can lead to a huge loss.

Just like what I’m doing now with Paradex and GRVT,
I see some people FUDing Paradex.
Don’t worry about the token launch.
The launch price has nothing to do with you—just take quick profits.
Before the token is launched, cash out your Paradex profits.
That’s the best way.

For perpdex, you need to seize the opportunity.
You can’t rush in too early,
but you can’t enter too late either.
I’ll work deeply with projects to ensure community interests.
I can say I’ve never taken a penny from any project for myself.
For any perpdex I do, anyone can ask questions freely.
I always demand the project give the highest benefits to community members.

Next year, I want to become the true king of perpdex,
because every time I farm, it’s at the lowest cost.
Project teams read my guides and adjust accordingly.
When people mention perpdex,
the first thing they do is search to see if Xiao Cangsheng has recommended it.
That’s my goal.
For every DEX, my guides will always have the lowest friction.