As the perp DEX narrative starts to get hot, I think an undervalued contender that most are not noticing is @quanto Quanto is a perp DEX that uses 100% of revenue from liquidations/fees to buy back their native token, $QTO; and with most perp DEX's already above $100M mcap/FDV, I think people will find that Quanto is very undervalued Being one of the only perp DEX's on Solana, I like the idea in investing in protocols that are bringing in cashflow with buybacks, especially now that DAT's are publicly broadcasting their plans to invest in DeFi protocols on Solana The downfall of projects like OX and the issues Su Zhu faced largely stemmed from failing to implement global open interest (OI) limits, leading to unsustainable risk exposure. Quanto has already built in these risk controls, and with no eyes on this because of PTSD via OX, it presents a pretty interesting value trade. Founder @yqboom is very vocal and present through this process, and has been very broadly respected And considering OX went to $300M FDV with no perp DEX meta and poor risk controls, I think Quanto should be able to succeed that going into Q4 Long from $7M