The perpetual futures model is getting a real shake-up. Here's what's interesting: when you lock margin on most platforms, it just sits there dead weight. But what if that idle capital could actually work for you?

Consider a setup where your margin collateral transforms into a yield-bearing stablecoin—say earning 10-13% annually in real returns. That's not speculation; it's passive income flowing in weekly. The mechanics stack multiple revenue streams: perpetual funding rates, exchange trading fees, and protocol staking rewards all converge into one yield pool.

This changes the math on carrying costs. Traders maintain liquidity while the capital itself generates returns. Whether this becomes standard or stays niche probably depends on how the risk-reward trade-offs play out across market cycles.