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Those holdings can be used as collateral to trade perpetuals without selling.

Take a broader view — few people grasp this

Many don't realize two crypto protocols offering the same service can't sustainably coexist
Users will migrate to the option with the lowest fees and highest rewards

Aster perps offers the largest airdrop to farm with the least fees
Recall how much market share Blur gained by farming Blast and enabling NFT trading with zero royalties/fees