When CZ was in the UAE, he said that no institutional trading team would be willing to publicly disclose their trading strategies, and this is not just a problem that is easily countered by counter trade The only sustainable purpose of the on chain public strategy is to manipulate the market through influence, which is a very genius initiative But the problem is that this does not solve the practical problem of expanding the on chain PERP transaction volume by one step. As long as the billing and trading links cannot be hidden, DEX will never be a match for CEX, which is the requirement of LP. The only way for the market is the opinion of the market makers, which has nothing to do with transparency, opacity, and whether there is a toxic order flow