1) These are cool right now!
2) FTX offers a bunch of these for free, e.g. USDC/TUSD/PAX/BUSD/HUSD
3) The DeFi ones rely on $1mm/day of liquidity incentives, those will dry up
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DeFi Primitives are insane
You can swap $100M USDC->USDT for 0.07% after fees & slippage
DeFi will significantly reduce margins for CeFi stablecoin trading
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