The base interest rate for perpetual contract funding rates is no longer an exchange parameter, but rather a default "crypto USD risk-free rate." It's an artificial anchor point solidified by copying, fueled by arbitrage funds, and maintained through collusion among all participants.

Bybit led an $8 million funding round in Malaysia-based Hata, joined by global family offices. The money will support user growth, liquidity, and new crypto products under local licences.

BASE,Base did everything right, so why are all its users leaving? Golden Finance: Base has yet to find its true self.