In the fast-paced world of decentralized finance (DeFi), where perpetual futures (perps) trading platforms are popping up like mushrooms after rain, Helius Labs CEO Mert took to X (formerly Twitter) with a tongue-in-cheek plea that's got the crypto community chuckling. If you're new to the scene, perps DEXes are decentralized exchanges specializing in perpetual contracts—essentially, leveraged bets on crypto prices that don't expire, allowing traders to go long (bet on price increases) or short (bet on decreases) without owning the underlying asset.
Mert's post, shared on September 21, 2025, paints a picture of a "desperate" farmer—not the agricultural kind, but the yield farmer chasing airdrops and rewards from these platforms. He writes: "I'm in a very tough position here to farm these perps dexes, I've had to go long on dex no.1, short on dex no.2, long on dex no.3, short on dex no.4, and long on dex no.5 to hedge however, I can not find a sixth perps dex can someone help me? my family is starving."
This is classic crypto satire at its best. By taking opposing positions across different DEXes, Mert is humorously illustrating a hedging strategy to minimize risk while maximizing exposure to potential token airdrops or points systems that many DeFi protocols use to incentivize usage. It's a nod to the meta-game in Solana's ecosystem, where Helius provides RPCs and APIs that power many of these apps. Solana, known for its high-speed, low-cost blockchain, has become a hotbed for such innovative trading venues.
The thread quickly turned into a playground for responses. One user, @xerocooleth, joked about needing AI agents to handle this complexity, prompting Mert to enthusiastically agree: "that is genius who is building this." It's a fair point—automating these strategies could be the next big thing in DeFi tooling.
Others jumped in with suggestions. @reya_xyz chimed in with "Your final perp DEX has entered the chat," promoting their Ethereum-based platform. Meanwhile, @LROCKNYC shouted out $URA on Uranus Perps, complete with a meme-worthy image that captures the absurdity of it all.
Not to be outdone, @bishara quipped about Helius itself, saying "There’s something called Helius I heard they pay good," to which Mert fired back: "how the hell can a mobile network help me gamble on coins." (For the uninitiated, Helius is actually a Solana infrastructure provider, not a telecom—inside joke alert.)
@ConejoCapital dropped a list of potential DEXes to check out: @OstiumLabs, @HyperliquidX, @Lighter_xyz, @DriftProtocol, @Aster_DEX, and @bulletxyz_. If you're looking to dip your toes into perps trading on Solana or beyond, these are solid starting points, each offering unique features like advanced order types or integrated liquidity.
The banter continued with @probaaron warning of a "cross-dex liquidation speedrun," highlighting the risks of over-leveraging across platforms—liquidation being when your position gets forcibly closed due to insufficient margin. And @Lukilie_on_SOL called it "pure modern art on CT" (Crypto Twitter), which it truly is.
This thread underscores the vibrant, often chaotic energy of the Solana DeFi space. With protocols competing for liquidity and users gaming the systems for rewards, it's a reminder that while the tech is serious, the community keeps it fun. If you're a blockchain practitioner eyeing the latest in perps, keep an eye on these DEXes—Mert's "starving family" might just depend on that sixth one showing up.
For more insights into meme tokens and DeFi trends, stick around at Meme Insider. We're here to decode the madness and arm you with the knowledge to thrive in crypto.