[{"data":1,"prerenderedAt":372},["ShallowReactive",2],{"$fgukOamtKU1RtUiMFsqdObttmqPPQz0uc7bl_gj_LyX0":3,"$fWHYA4ikE2W6JgWGNwE4HuTpZHpktMW74E1auMT2LlvY":245,"article-431":371},{"code":4,"msg":5,"data":6},0,"",{"category":7,"tag":11,"popular":19,"latest":86,"banner":126,"list":151,"cache":244},[8,9,10],"Agent","OpenAI","LLM",[8,12,13,14,9,10,15,16,17,18],"Google","Nvidia","Claude","DeepSeek","OCR","Chat","Generator",[20,29,37,45,54,62,70,79],{"id":21,"publish_date":22,"is_original":23,"collection":5,"cover_url":24,"cover_url_1_1":25,"title":26,"summary":27,"author":28},411,"2023-09-10",1,"article_res/cover/451ef50c225a8dc61c4336506794d13b.jpeg","article_res/cover/3ba9dc7a72f87d40b20fc2d225289ee3.jpeg","Idealism","Reality is created by the mind, we can change our reality by changing our mind. - Plato","Renee's Entrepreneurial Journey",{"id":30,"publish_date":31,"is_original":23,"collection":32,"cover_url":33,"cover_url_1_1":34,"title":35,"summary":36,"author":28},108,"2024-12-07","#LLM #AGI #AI Agent","article_res/cover/0039044422e4ec9f61c18e8ee1693bb0.jpeg","article_res/cover/4220971b108a91d21407d87bb02fbaa6.jpeg","Freysa.ai: The World's First Adversarial AI Agent Game","说服 Freysa 把钱包里的钱都拿出来",{"id":38,"publish_date":39,"is_original":23,"collection":40,"cover_url":41,"cover_url_1_1":42,"title":43,"summary":44,"author":28},12,"2025-03-09","#Oxford #Reasoning #LLM #Tool Use","article_res/cover/d448e9b3617a0b5302e1bd10c438bca9.jpeg","article_res/cover/864a468f9cc4c9317efadb3811909888.jpeg","Agentic Reasoning Framework - Significantly enhance the reasoning ability of LLMs through the integration of external tools using agents","Agentic Reasoning: Reasoning LLMs with Tools for Deep Research",{"id":46,"publish_date":47,"is_original":4,"collection":48,"cover_url":49,"cover_url_1_1":50,"title":51,"summary":52,"author":53},480,"2023-04-14","#Stable Diffusion","article_res/cover/0bdbe7cb1de4a78e54536e5d9afa7ec9.jpeg","article_res/cover/b3d6ffec0608dcfaf18c5a69906d1490.jpeg","【AIGC Learning】Generate Prompts Using Word Graphs - Stable Diffusion Web UI Series 13","AI will become a powerful tool in education, transforming the way we learn and deliver instruction.  \n- Reid Hoffman","--",{"id":55,"publish_date":56,"is_original":4,"collection":57,"cover_url":58,"cover_url_1_1":59,"title":60,"summary":61,"author":28},413,"2023-09-08","#Neuroscience","article_res/cover/74f8302d78a23d9430f22171eae136b6.jpeg","article_res/cover/87ca08af81bb304746be5261160964c0.jpeg","Can machines be conscious?","Do we have an ethical obligation to not turn off conscious machines? Would turning them off be murder? No. I don't lose any sleep over unplugging a conscious machine.\n- Jeff Hawkins, \"A Thousand Brains\"",{"id":63,"publish_date":64,"is_original":23,"collection":65,"cover_url":66,"cover_url_1_1":67,"title":68,"summary":69,"author":28},178,"2024-09-09","#Entrepreneurship","article_res/cover/a7224f025b55d1820408085faef63079.jpeg","article_res/cover/11a9995b096cbf64465ef01b8673b154.jpeg","37signals company","This damn sense of relaxation",{"id":71,"publish_date":72,"is_original":4,"collection":73,"cover_url":74,"cover_url_1_1":75,"title":76,"summary":77,"author":78},460,"2023-05-12","#Google","article_res/cover/b970687b12faa52da976f91248c2aa7b.jpeg","article_res/cover/d1e71b52cfd2c63bc6e71f3e85ff135c.jpeg","Learn what BRC-20 and Ordinals are using Google Bard","Ordinals - a new protocol that allows users to store arbitrary data on the Bitcoin blockchain","Google Bard mainly writes",{"id":80,"publish_date":81,"is_original":23,"collection":5,"cover_url":82,"cover_url_1_1":83,"title":84,"summary":85,"author":28},309,"2024-03-26","article_res/cover/9877f95894ee88532d0e6012c23a2df3.jpeg","article_res/cover/20092164ddc109ce6ae56b1984246751.jpeg","Learning the Cancun Upgrade with lepton and perplexity","Building a quick conversation-based search demo with Lepton AI.",[87,95,103,111,119],{"id":88,"publish_date":89,"is_original":23,"collection":90,"cover_url":91,"cover_url_1_1":92,"title":93,"summary":94,"author":28},627,"2025-03-20","#AI Avatar #AI Video Generation","article_res/cover/d95481358f73924989f8c4ee9c75d1c8.jpeg","article_res/cover/b74bc0fab01f8b6a6aa87696c0c3ed8b.jpeg","DisPose: Generating Animated Videos by Driving Video with Reference Images","DisPose is a controllable human image animation method that enhances video generation.",{"id":96,"publish_date":97,"is_original":23,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":28},626,"2025-03-21","#Deep Dive into LLMs #LLM #RL #Andrej Karpathy #AlphaGo","article_res/cover/446553a5c8f8f2f07d97b20eaee84e56.jpeg","article_res/cover/e6c2823409c9b34624064b9acbaca6f1.jpeg","AlphaGo and the Power of Reinforcement Learning - Andrej Karpathy's Deep Dive on LLMs (Part 9)","Simply learning from humans will never surpass human capabilities.",{"id":104,"publish_date":105,"is_original":23,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":28},625,"2025-03-22","#Deep Dive into LLMs #LLM #RL #RLHF #Andrej Karpathy","article_res/cover/8da81d38b1e5cf558a164710fd8a5389.jpeg","article_res/cover/96f028d76c362a99a0dd56389e8f7a9b.jpeg","Reinforcement Learning from Human Feedback (RLHF) - Andrej Karpathy's Deep Dive on LLMs (Part 10)","Fine-Tuning Language Models from Human Preferences",{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},624,"2025-03-23","#Deep Dive into LLMs #LLM #Andrej Karpathy #AI Agent #MMM","article_res/cover/a5e7c3d48bb09109684d6513287c661d.jpeg","article_res/cover/d3f22b7c0ab8d82fd2da457a299e0773.jpeg","The Future of Large Language Models - Andrej Karpathy's In-Depth Explanation of LLM (Part 11)","preview of things to come",{"id":120,"publish_date":113,"is_original":23,"collection":121,"cover_url":122,"cover_url_1_1":123,"title":124,"summary":125,"author":28},623,"#Google #Voe #AI Video Generation","article_res/cover/c44062fea0f336c2b96b3928292392c2.jpeg","article_res/cover/a041041c69092ad3db191c5bf3ff981b.jpeg","Trial of Google's video generation model VOE2","Our state-of-the-art video generation model",[127,135,143],{"id":128,"publish_date":129,"is_original":23,"collection":130,"cover_url":131,"cover_url_1_1":132,"title":133,"summary":134,"author":28},300,"2024-04-16","#AI in Science #AGI","article_res/cover/6bf01e793e0f33e848572412eebdf9b0.jpeg","article_res/cover/91a5ee21dafecb914fabeb9430d46ec1.jpeg","Would Einstein lose his job - AI and Quantum Computing: A Glimpse into the Near Future","So Einstein's job is still safe.",{"id":136,"publish_date":137,"is_original":23,"collection":138,"cover_url":139,"cover_url_1_1":140,"title":141,"summary":142,"author":28},101,"2024-12-14","#Nvidia #AI 3D Generator","article_res/cover/693e07c85980c5c0c8fde3f037733f23.jpeg","article_res/cover/9ea8edff2d5d303ff3fffff3f6f9c3d9.jpeg","NVIDIA's open-source 3D project LLaMA-Mesh","LLaMA-Mesh: Unifying 3D Mesh Generation with Language Models",{"id":144,"publish_date":145,"is_original":23,"collection":146,"cover_url":147,"cover_url_1_1":148,"title":149,"summary":150,"author":28},131,"2024-11-10","#OpenAI","article_res/cover/87f8ed353ce39f31960e7cdfaf075a35.jpeg","article_res/cover/f597a63935f5cd32e484b4aadd6019e8.jpeg","ChatGPT has launched the Search function","Get fast, timely answers with links to relevant web sources.",{"big":152,"small":214},[153,181],{"title":154,"list":155},"AGENT",[156,157,165,173],{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},{"id":158,"publish_date":159,"is_original":23,"collection":160,"cover_url":161,"cover_url_1_1":162,"title":163,"summary":164,"author":28},622,"2025-03-24","#OWL #AI Agent #MAS #MCP #CUA","article_res/cover/cb50ca7f2bf4d1ed50202d7406e1c19a.jpeg","article_res/cover/4aa7aa3badfacf3cc84121334f1050dd.jpeg","OWL: Multi-agent collaboration","OWL: Optimized Workforce Learning for General Multi-Agent Assistance in Real-World Task Automation",{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},620,"2025-03-26","#LLM #Google #Gemini #AI Agent","article_res/cover/53751a6dbbe990b1eb0b63f3b062aed4.jpeg","article_res/cover/031344981f0a212ff82d1f3a64aa5756.jpeg","Gemini 2.5 Pro, claimed to be far ahead of the competition, has been released with great fanfare: comprehensively surpassing other LLMs and topping the global rankings","Gemini 2.5: Our most intelligent AI model",{"id":174,"publish_date":175,"is_original":23,"collection":176,"cover_url":177,"cover_url_1_1":178,"title":179,"summary":180,"author":28},616,"2025-03-29","#MAS #AI Agent #AI Coder #MetaGPT #MGX","article_res/cover/9dcd702ad2035902e5e77967c34a1f1e.jpeg","article_res/cover/0a97fc4a922753c8f46ff38792020df8.jpeg","MGX - An automated website-building platform composed of multiple AI Agents","Your 24/7 AI Team | Dream, Chat, Create.",{"title":182,"list":183},"OPENAI",[184,191,199,206],{"id":185,"publish_date":167,"is_original":23,"collection":186,"cover_url":187,"cover_url_1_1":188,"title":189,"summary":190,"author":28},619,"#OpenAI #AI Image Generator #4o #MMM #AR Transformer","article_res/cover/2faffc97fcecf3151552cb0fd3206d89.jpeg","article_res/cover/1133cb4948af44cee2e7fbe79efb69e5.jpeg","The native image function of GPT-4o is officially launched","Introducing 4o Image Generation",{"id":192,"publish_date":193,"is_original":4,"collection":194,"cover_url":195,"cover_url_1_1":196,"title":197,"summary":198,"author":28},434,"2023-07-15","#Anthropic #OpenAI #Google #AI Code Generator #Claude","article_res/cover/e1b6f600a2b9f262a4392684e5f2ce25.jpeg","article_res/cover/6e1772e83f78f9a351ab23d3e414adee.jpeg","Latest Updates on Google Bard /Anthropic Claude2 / ChatGPT Code Interpreter","We want our models to use their programming skills to provide more natural interfaces to the basic functions of our computers.  \n - OpenAI",{"id":200,"publish_date":201,"is_original":4,"collection":146,"cover_url":202,"cover_url_1_1":203,"title":204,"summary":205,"author":28},417,"2023-08-24","article_res/cover/bccf897d50a88b18364e35f7466387e0.jpeg","article_res/cover/2f871085c1073717c1703ae86e18056f.jpeg","The GPT-3.5 Turbo fine-tuning (fine-tuning function) has been released～","Developers can now bring their own data to customize GPT-3.5 Turbo for their use cases.",{"id":207,"publish_date":208,"is_original":4,"collection":209,"cover_url":210,"cover_url_1_1":211,"title":212,"summary":213,"author":28},407,"2023-09-22","#OpenAI #AI Image Generator","article_res/cover/c59005e903d35cfc32346e2756e2728a.jpeg","article_res/cover/ba011d265e6d84b5c8cb6fd6b757b6cc.jpeg","Dall-E 3","DALL·E 3 understands significantly more nuance and detail, allowing you to easily translate your ideas into images.",[215,221,241],{"title":10,"list":216},[217,218,219,220],{"id":96,"publish_date":97,"is_original":23,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":28},{"id":104,"publish_date":105,"is_original":23,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":28},{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"title":222,"list":223},"GOOGLE",[224,225,226,234],{"id":120,"publish_date":113,"is_original":23,"collection":121,"cover_url":122,"cover_url_1_1":123,"title":124,"summary":125,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"id":227,"publish_date":228,"is_original":23,"collection":229,"cover_url":230,"cover_url_1_1":231,"title":232,"summary":233,"author":28},615,"2025-03-30","#AI Researcher #AI Science #HKU #Google #AI Agent","article_res/cover/21fadf906067714bb0db31ae13a77c15.jpeg","article_res/cover/2697999a72bd26b22e85f0e92936d3ed.jpeg","AI-Researcher: LLM-driven全自动 scientific research assistant","AI-Researcher: Fully-Automated Scientific Discovery with LLM Agents  \nOpen-Sourced Alternative to Google AI Co-Scientist",{"id":235,"publish_date":236,"is_original":23,"collection":73,"cover_url":237,"cover_url_1_1":238,"title":239,"summary":240,"author":28},463,"2023-05-09","article_res/cover/89800f207723acdb55fc53bf999ebdc9.jpeg","article_res/cover/5764f369b4accd8f83e94aa4c077a175.jpeg","The Smallville sandbox world - A town with 25 virtual residents","Believable proxies of human behavior can empower interactive apps: Immersive environment, Rehearsal space, Prototyping tool",{"title":242,"list":243},"NVIDIA",[],true,{"code":4,"msg":5,"data":246},{"id":247,"publish_date":248,"is_original":23,"collection":5,"articles_id":249,"cover_url":250,"cover_url_1_1":251,"title":252,"summary":253,"author":28,"content":254,"popular":255,"list":320,"category":369,"tag":370},431,"2023-07-21","6kmBcaeo8SXERcYGWJ_tQw","article_res/cover/f6fed272015b213f17cb83a239e8c201.jpeg","article_res/cover/ebaf192d04e18300b63317e6845a1f62.jpeg","DeFi Perpetual Options","Everlasting options give traders long-term options exposure without the effort, risk, or expense of rolling positions.","\u003Cdiv class=\"rich_media_content js_underline_content\n                       autoTypeSetting24psection\n            \" id=\"js_content\">\u003Csection data-tool=\"mdnice编辑器\" data-website=\"https://www.mdnice.com\" style='font-size: 16px;color: black;padding: 0px 10px;line-height: 1.6;word-spacing: 0px;letter-spacing: 0px;word-break: break-word;overflow-wrap: break-word;text-align: left;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;'>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">Today, I continue my learning with DeFi perpetual options.\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-ratio=\"0.6474622770919067\" data-s=\"300,640\" data-type=\"png\" data-w=\"729\" style=\"\" src=\"./assets/17434959760440.01184992904168114.jpeg\">\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">The concept of perpetual options was proposed by SBF (co-founder of FTX) and Dave (research partner at Paradigm) in May 2021. They introduced this new type of financial derivative in a paper, which described that perpetual options provide traders with long-term option exposure, are simple to operate, risk-free, and do not require the cost of rolling positions.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">Paper link: https://www.paradigm.xyz/static/everlasting_options.pdf\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">once pointed out that although the concept of positions is not emphasized in general derivatives textbooks, it is crucial in practice. For example, the \"crude oil package\" incident was essentially a \"position\" issue.\u003C/p>\u003Ch2 data-tool=\"mdnice编辑器\" style=\"margin-top: 30px;margin-bottom: 15px;padding: 0px;font-weight: bold;color: black;font-size: 22px;\">Rolling Positions\u003C/h2>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">However, these put options will eventually expire, and if the investor wishes to maintain the hedge, they must roll over the option positions.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">To maintain her position, she must perform such operations monthly, i.e., buying and selling (rolling positions).\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">Thus, two issues arise:\u003C/p>\u003Cul data-tool=\"mdnice编辑器\" style=\"margin-top: 8px;margin-bottom: 8px;padding-left: 25px;color: black;list-style-type: disc;\" class=\"list-paddingleft-1\">\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;text-align: left;color: rgb(1,1,1);font-weight: 500;\">In this process, A may trade with market makers who typically charge a fee for such buy and sell operations, known as the spread. The cost of rolling positions can be quite high.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;text-align: left;color: rgb(1,1,1);font-weight: 500;\">Rolling positions also involves additional work and risk. For example, A might simply forget to roll the position, resulting in the loss of the hedge, or she might make a wrong trade due to a mis-click or operational error, which could lead to additional costs and risks. Even if the operation goes smoothly, the entire process is still stressful and time-consuming, preventing A from focusing on other more valuable tasks (such as moving bricks at a construction site or delivering food for Meituan).\u003C/section>\u003C/li>\u003C/ul>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">similar.\u003C/p>\u003Ch2 data-tool=\"mdnice编辑器\" style=\"margin-top: 30px;margin-bottom: 15px;padding: 0px;font-weight: bold;color: black;font-size: 22px;\">Perpetual Futures\u003C/h2>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">BitMEX launched perpetual futures for cryptocurrencies in 2016.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">This fee is calculated based on the difference between the mark price (the trading price of the perpetual futures) and the index price (the market price of the underlying asset, such as ETH).\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">\u003Cspan style=\"letter-spacing: 0px;\">For\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">example:\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">If the current price of ETH perpetual futures is $2000,\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">USD\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">and the current market price of ETH is $1900,\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">USD\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">then the longs must pay the shorts a funding fee of mark price - index = 2000 - 1900 = 100.\u003C/span>\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">\u003Cspan style=\"letter-spacing: 0px;\">\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">Conversely, if the price of ETH perpetual futures is $2000,\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">USD\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">and the market price of ETH is $2100,\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">USD\u003C/span>\u003Cspan style=\"letter-spacing: 0px;\">then mark price - index = 2000 - 2100 = -100, meaning the shorts need to pay the longs 100 daily.\u003C/span>\u003C/p>\u003Ch2 data-tool=\"mdnice编辑器\" style=\"margin-top: 30px;margin-bottom: 15px;padding: 0px;font-weight: bold;color: black;font-size: 22px;\">Perpetual Options\u003C/h2>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">method.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">The funding fee is calculated based on the difference between the trading price of the option and the payoff of the option (mark price - payoff).\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">. Based on the above formula, the funding fee is 150 - 100 = 50.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">\u003Cbr>\u003C/p>\u003Csection data-tool=\"mdnice编辑器\" style=\"overflow-x: auto;text-align: center;\">\u003Ctable style=\"display: table;text-align: left;\">\u003Cthead>\u003Ctr style=\"border-width: 1px 0px 0px;border-right-style: initial;border-bottom-style: initial;border-left-style: initial;border-right-color: initial;border-bottom-color: initial;border-left-color: initial;border-top-style: solid;border-top-color: rgb(204, 204, 204);background-color: white;\">\u003Cth style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;font-weight: bold;background-color: rgb(240, 240, 240);min-width: 85px;text-align: left;word-break: break-all;\">\u003Cbr>\u003C/th>\u003Cth style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;font-weight: bold;background-color: rgb(240, 240, 240);min-width: 85px;text-align: center;\">Perpetual Put Futures\u003C/th>\u003Cth style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;font-weight: bold;background-color: rgb(240, 240, 240);min-width: 85px;text-align: center;\">Perpetual Put Options\u003C/th>\u003C/tr>\u003C/thead>\u003Ctbody style=\"border-width: 0px;border-style: initial;border-color: initial;\">\u003Ctr style=\"border-width: 1px 0px 0px;border-right-style: initial;border-bottom-style: initial;border-left-style: initial;border-right-color: initial;border-bottom-color: initial;border-left-color: initial;border-top-style: solid;border-top-color: rgb(204, 204, 204);background-color: white;\">\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: left;\">Strike Price of the Contract\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">2000\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">2000\u003C/td>\u003C/tr>\u003Ctr style=\"border-width: 1px 0px 0px;border-right-style: initial;border-bottom-style: initial;border-left-style: initial;border-right-color: initial;border-bottom-color: initial;border-left-color: initial;border-top-style: solid;border-top-color: rgb(204, 204, 204);background-color: rgb(248, 248, 248);\">\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: left;word-break: break-all;\">Current Price of ETH\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">1900\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">1900\u003C/td>\u003C/tr>\u003Ctr style=\"border-width: 1px 0px 0px;border-right-style: initial;border-bottom-style: initial;border-left-style: initial;border-right-color: initial;border-bottom-color: initial;border-left-color: initial;border-top-style: solid;border-top-color: rgb(204, 204, 204);background-color: white;\">\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: left;word-break: break-all;\">Mark Price of the Contract\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">2000\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">150\u003C/td>\u003C/tr>\u003Ctr style=\"border-width: 1px 0px 0px;border-right-style: initial;border-bottom-style: initial;border-left-style: initial;border-right-color: initial;border-bottom-color: initial;border-left-color: initial;border-top-style: solid;border-top-color: rgb(204, 204, 204);background-color: rgb(248, 248, 248);\">\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: left;word-break: break-all;\">Payoff of the Option\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">-\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">100\u003C/td>\u003C/tr>\u003Ctr style=\"border-width: 1px 0px 0px;border-right-style: initial;border-bottom-style: initial;border-left-style: initial;border-right-color: initial;border-bottom-color: initial;border-left-color: initial;border-top-style: solid;border-top-color: rgb(204, 204, 204);background-color: white;\">\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: left;word-break: break-all;\">Index of the Futures\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">1900\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">-\u003C/td>\u003C/tr>\u003Ctr style=\"border-width: 1px 0px 0px;border-right-style: initial;border-bottom-style: initial;border-left-style: initial;border-right-color: initial;border-bottom-color: initial;border-left-color: initial;border-top-style: solid;border-top-color: rgb(204, 204, 204);background-color: rgb(248, 248, 248);\">\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: left;\">Funding Fee Formula\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">mark price - index\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">mark price - payoff\u003C/td>\u003C/tr>\u003Ctr style=\"border-width: 1px 0px 0px;border-right-style: initial;border-bottom-style: initial;border-left-style: initial;border-right-color: initial;border-bottom-color: initial;border-left-color: initial;border-top-style: solid;border-top-color: rgb(204, 204, 204);background-color: white;\">\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: left;\">Funding Fee Calculation\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">2000-1900\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">150-100\u003C/td>\u003C/tr>\u003Ctr style=\"border-width: 1px 0px 0px;border-right-style: initial;border-bottom-style: initial;border-left-style: initial;border-right-color: initial;border-bottom-color: initial;border-left-color: initial;border-top-style: solid;border-top-color: rgb(204, 204, 204);background-color: rgb(248, 248, 248);\">\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: left;\">Funding Fee\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">100\u003C/td>\u003Ctd style=\"font-size: 16px;border-width: 1px;border-style: solid;border-color: rgb(204, 204, 204);padding: 5px 10px;min-width: 85px;text-align: center;\">50\u003C/td>\u003C/tr>\u003C/tbody>\u003C/table>\u003C/section>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">\u003Cbr>\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">Both perpetual options and perpetual futures fall under the category of \"perpetual derivatives based on funding fees.\" They apply different functional forms to the same concept of funding fees, thus generating different types of perpetual derivatives.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">The specific price calculation formula is as follows (I didn't understand it):\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-ratio=\"0.1165644171779141\" data-s=\"300,640\" data-type=\"png\" data-w=\"489\" style=\"\" src=\"./assets/17434959759600.9457341164699333.png\">\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-ratio=\"0.7509765625\" data-s=\"300,640\" data-type=\"png\" data-w=\"1024\" style=\"\" src=\"./assets/17434959765810.9232686484235784.png\">\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Ch2 data-tool=\"mdnice编辑器\" style=\"margin-top: 30px;margin-bottom: 15px;padding: 0px;font-weight: bold;color: black;font-size: 22px;\">\u003Cspan style=\"display: none;\">\u003C/span>Deri Protocol\u003C/h2>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">Deri Protocol is the first protocol to implement perpetual options.\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-ratio=\"0.49074074074074076\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"./assets/17434959761070.40967261145720935.png\">\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">It uses a method called Proactive Market Making (PMM), which is a type of Automated Market Making (AMM) algorithm.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">In Deri's whitepaper, the architecture of the protocol is detailed (as expected, I didn't understand it either).\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-ratio=\"0.6018518518518519\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"./assets/17434959761580.7980200832897393.png\">\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">The link to the whitepaper is https://github.com/deri-protocol/whitepaper/tree/master (bookmarking ≈ reading).\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">Although these concepts may be somewhat complex to understand, the trading interface of Deri is actually quite simple.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">LP (Liquidity Provider) Interface\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-ratio=\"1.025\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"./assets/17434959770340.0972242257720346.png\">\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style=\"font-size: 16px;padding-top: 8px;padding-bottom: 8px;margin: 0;line-height: 26px;color: black;\">Trading Interface\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-ratio=\"0.6805555555555556\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"./assets/17434959767060.12378574478514981.png\">\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp>An ETH call perpetual option with a strike price of $2000 is similar to a regular token, except that the floating price of this token is calculated using the very sophisticated formula mentioned earlier.\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-ratio=\"0.6347517730496454\" data-s=\"300,640\" data-type=\"jpeg\" data-w=\"282\" style=\"\" src=\"./assets/17434959762270.8950678415280768.jpeg\">\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003C/section>\u003Cp style=\"display: none;\">\u003Cmp-style-type data-value=\"3\">\u003C/mp-style-type>\u003C/p>\u003C/div>",[256,265,272,280,288,295,303,312],{"id":257,"title_md5":258,"publish_date":259,"author_md5":260,"is_original":23,"collection":261,"summary_md5":262,"cover_url":263,"cover_url_1_1":264},231,"365033ebab3981f139ff092f74dbbb63","2024-07-02","bc27fa490c4d0d525bac812fc0793534","#Google #AI Code Generator #LLM","6348acdfac0e6c5e1bba14aee42b7986","article_res/cover/101b4f136c9058c7fd14456adfec8935.jpeg","article_res/cover/e7eedf0d64b045dc540d773fc91cd2a8.jpeg",{"id":266,"title_md5":267,"publish_date":268,"author_md5":260,"is_original":23,"collection":5,"summary_md5":269,"cover_url":270,"cover_url_1_1":271},432,"5c6f2c8cfe40cdcc41d0a2e5874a7956","2023-07-20","cad6a7de78601114b656dee16e0ca1d8","article_res/cover/fa2417b56da7fd2c656ab61df8d32b22.jpeg","article_res/cover/d7179b7f66a8bb64d9552bb9669a89c9.jpeg",{"id":273,"title_md5":274,"publish_date":275,"author_md5":260,"is_original":23,"collection":276,"summary_md5":277,"cover_url":278,"cover_url_1_1":279},220,"332b095768a3ca1a33a70fc3dd36a65e","2024-07-12","#LLM #AI Agent","0b8d5085493a69c4dbdbd036f12e5031","article_res/cover/773fcf4d426356b9a45db587f81070a9.jpeg","article_res/cover/5a1cd0f95085214308e40252c2c081a4.jpeg",{"id":281,"title_md5":282,"publish_date":283,"author_md5":260,"is_original":4,"collection":284,"summary_md5":285,"cover_url":286,"cover_url_1_1":287},391,"20b37e9bc4593beb027d025b68b80eb0","2023-10-17","#AI Animation","9fa815c6e87b6caa12e87af134b04a3c","article_res/cover/83dc42e9806d1d6622e2f5141d9c34ad.jpeg","article_res/cover/351b6c2c111e7adf91e79ccfe5edf004.jpeg",{"id":289,"title_md5":290,"publish_date":291,"author_md5":260,"is_original":23,"collection":5,"summary_md5":292,"cover_url":293,"cover_url_1_1":294},265,"f4b1db23da2da2977b81586e63c154d4","2024-05-25","2147b6faeae50603bc471bcdb2f22b10","article_res/cover/02916fc5f76d8b92faa664dafe595733.jpeg","article_res/cover/11a855c1bff1c639b08ea2575bb1cfa0.jpeg",{"id":296,"title_md5":297,"publish_date":298,"author_md5":260,"is_original":23,"collection":299,"summary_md5":300,"cover_url":301,"cover_url_1_1":302},73,"ad0abf6fde386970de4169712fcba07c","2025-01-10","#Adobe #AI 3D Generator #AI Avatar","1b8fe1d718a49c18bd1c61d6f766e1cb","article_res/cover/9d7456066a304f8b37cf01efa6a57103.jpeg","article_res/cover/69949cc4407fbfe3ca0d5d92d21fd597.jpeg",{"id":304,"title_md5":305,"publish_date":306,"author_md5":307,"is_original":4,"collection":308,"summary_md5":309,"cover_url":310,"cover_url_1_1":311},501,"a1a0f0b1a95540aed0a6f5e03ab216cd","2022-11-13","078425eaf316a180b0989442e53f920b","#History","dd92fbc23aa043678535c0358ba47892","article_res/cover/af2aaf3b251d850acc3ed68e521fd9f0.jpeg","article_res/cover/daa0e5b18cc801b8a37260dce1e082c3.jpeg",{"id":313,"title_md5":314,"publish_date":315,"author_md5":260,"is_original":23,"collection":316,"summary_md5":317,"cover_url":318,"cover_url_1_1":319},457,"bfd4e53a44215c33b25202378ceeaa7e","2023-05-16","#AI Video Generator #Stable Diffusion","104e237dd393f5178bb076f615695d5c","article_res/cover/8040b312d8f106087fc24aa8a5d086a1.jpeg","article_res/cover/bf19f7b2d7c128248d583862bad96e55.jpeg",{"related":321,"small":354},[322,330,338,345,353],{"id":323,"publish_date":324,"is_original":4,"collection":325,"cover_url":326,"cover_url_1_1":327,"title":328,"summary":329,"author":28},473,"2023-04-21","#Prompt Engineering #Langchain","article_res/cover/6feff73eb419c10d4231db31be4b1369.jpeg","article_res/cover/32309b6df502a7cf63048e0313e9be86.jpeg","【AIGC Learning】PromptTemplate and SequentialChain - LangChain Usage 2","Sequential chains are defined as a series of chains, called in deterministic order.",{"id":331,"publish_date":332,"is_original":23,"collection":333,"cover_url":334,"cover_url_1_1":335,"title":336,"summary":337,"author":28},240,"2024-06-20","#Nvidia","article_res/cover/82fddc33f1e11d4e332404162892559a.jpeg","article_res/cover/b770f827c98b91f00835f2f94113fe2c.jpeg","NVIDIA CEO Jensen Huang's speech at the 130th Caltech commencement on June 14.","This Gardener has dedicated himself to his craft and doing his life's work and when you do that you have plenty of time.",{"id":339,"publish_date":340,"is_original":4,"collection":5,"cover_url":341,"cover_url_1_1":342,"title":343,"summary":344,"author":28},334,"2024-01-27","article_res/cover/559efa3a43c7fa1bcea1482e79158733.jpeg","article_res/cover/34e9689d58317acfe4660373d1e41c13.jpeg","DePIN in \"CRYPTO THESES 2024\"","I don’t think there is a more important area of long-term development than DePIN.",{"id":346,"publish_date":347,"is_original":4,"collection":5,"cover_url":348,"cover_url_1_1":349,"title":350,"summary":351,"author":352},558,"2022-04-28","article_res/cover/80e2d336e807f7b54cbfb77c6eef2a46.jpeg","article_res/cover/0befa8ac3751342fb0d19244a63654ae.jpeg","Translation and summary of Messari Report [2.7 Jay Graber and Tess Rinearson - Twitter]","If any big tech company disrupts itself with Web3, it will likely be the under-monetized, founder-led social media corp","Translation",{"id":207,"publish_date":208,"is_original":4,"collection":209,"cover_url":210,"cover_url_1_1":211,"title":212,"summary":213,"author":28},[355,361,367],{"title":10,"list":356},[357,358,359,360],{"id":96,"publish_date":97,"is_original":23,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":28},{"id":104,"publish_date":105,"is_original":23,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":28},{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"title":222,"list":362},[363,364,365,366],{"id":120,"publish_date":113,"is_original":23,"collection":121,"cover_url":122,"cover_url_1_1":123,"title":124,"summary":125,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"id":227,"publish_date":228,"is_original":23,"collection":229,"cover_url":230,"cover_url_1_1":231,"title":232,"summary":233,"author":28},{"id":235,"publish_date":236,"is_original":23,"collection":73,"cover_url":237,"cover_url_1_1":238,"title":239,"summary":240,"author":28},{"title":242,"list":368},[],[8,9,10],[8,12,13,14,9,10,15,16,17,18],["Reactive",245],1754646421061]