Trade[XYZ] SKHY tracks the value of 1 SK Hynix American Depositary Share — the Nasdaq-listed security representing one-tenth of a SK Hynix common share held on deposit with a depositary bank. It launches as a pre-IPO contract and converts to a standard XYZ perpetual after the ADS begins… Trade[XYZ] SKHY追踪1份SK海力士美国存托凭证（ADS）的价值——该ADS是在纳斯达克上市的证券，代表SK海力士普通股的十分之一，存放在存托银行。它最初作为IPO前合约推出，并在ADS上市后转换为标准的XYZ永续合约…… ———————————— 2026-07-09 22:16:15

Introducing FLAP Short-Only Vault 🦋 A new Vault primitive designed for Flap V3 Tax Tokens. How it works: • Use BNB as margin to open isolated perpetual short positions on Meme tokens • Supported leverage: 1× / 5× / 10× / 20× • Buy/Sell tax: ≥ 4% (400 bps), symmetric on both sides • 100% of taxes are routed into the Vault insurance pool No borrowing, no repayment. No complex lending markets. Instead, taxes continuously flow into the insurance pool, helping settle PnL and supporting the perpetual market structure. Why it matters: • Create yield opportunities across different market conditions • Reduce directional exposure to a single asset • Add native hedging mechanisms to token economies • Turn protocol fees into productive on-chain capital BUILD on 🦋 FLAP永续做空合约金库正式上线 🦋 专为 Flap V3 税币打造的永续做空金库。 核心机制： • 使用 BNB 作为保证金，对 Meme 币开设逐仓永续空单 • 支持 1× / 5× / 10× / 20× 杠杆 • 买卖税率需 ≥ 4%（400 bps）且买卖税一致 • 100% 税收自动进入 Vault 保险池 无需借币还币或依赖复杂的借贷市场， 协议产生的税费将持续注入保险池，用于永续仓位的盈亏结算与系统稳定运行。 优势： • 在上涨、下跌、震荡等多元行情中创造收益机会 • 降低单一资产方向风险 • 为 Meme代币增加原生对冲机制 • 让税费从消耗品变成可持续运作的资本 🦋