Margin, Leverage, and Perpetuals on DEXs — a trader’s messy, practical playbook

Whoa! I remember my first leveraged trade on a decentralized exchange — heart racing, screen flickering, and a weird mix of excitement and dread. Trading derivatives on-chain feels like tradin’ on a roller coaster that sometimes forgets to stop. At the same time, it’s liberating: noncustodial exposure, transparent on-chain risk, and, if...