I've closed good trades early just because I got tired of watching them. If you've traded perps you know the annoying part. You open a position, watch your margin, keep an eye on liquidation, and even when the trade goes your way, the leverage you started with doesn’t necessarily stay there. A leveraged token handles that differently. Instead of managing the perp yourself, you buy a token that gives you leveraged exposure, while the position underneath keeps rebalancing toward the target. That’s basically what @BounceTech is doing. Its leveraged tokens are ERC-20s backed by Hyperliquid perp positions, so the rebalancing just happens in the background. And they’re starting their first trading competition today with $20K+ in prizes. A $100 buy gets you in automatically, with weekly rewards across PnL, ROI, volume, and profitable finishes. Take $ZEC for example. Over the past month: • $ZEC: +132.7% • Equivalent 5x perp: +663.7% • Bounce ZEC5L: +1,387.4% Same market, but the path is very different because the leveraged token keeps rebalancing instead of slowly de-levering as the trade moves in your favour. That can help a lot in a clean trend. Leveraged tokens are built for trending markets, where compounding can allow them to outperform perps Whereas in choppy markets, perps can be the better vehicle since they don’t experience the same volatility decay. Ultimately, leveraged tokens and perps each have environments where they work best, it just comes down to choosing the right instrument for your trade. The protocol itself has also been picking up: • $57.7M rolling 30D volume, up 468% • $2.84M open interest, up 80% • $384M+ total volume Perps Dexes gave leverage to traders. Bounce is packaging that leverage into something that’s easier to hold and manage without sitting on the chart the whole time.