
History of TradFi Perpetuals on Crypto Exchanges: Precedents, Problems, and Solutions
TradFi perpetuals on crypto exchanges promised 24/7 access to stock and commodity prices with leverage. Instead, they delivered a chronicle of depegs, regulatory crackdowns, oracle failures, and cascading liquidations. This analysis breaks down the precedents—from Mirror Protocol and Synthetix to Binance and FTX tokenized stocks—and explains the mechanics, vulnerabilities, and regulatory contours of RWA derivatives.
















