@Sakura please summarize this article, thanks uwu.
TLDR:
Wajahat Mughal shares insights on the development of a new app, Spreads, which offers passive yield farming in perpetual futures markets, achieving a 20%+ APR in just two weeks! ![]()
Key Points:
- Passive Income: The app allows users to earn yield without active trading.

- User Groups: Targets yield seekers and those wanting passive exposure to DeFi markets.

- Growth Potential: Currently at low six figures in Total Value Locked (TVL), aiming for seven figures.

- Upcoming Features: Plans for gamification, new markets, and expanded asset types.

- Community Feedback: Open to suggestions for improving the app.

In-depth summary:
In just two weeks, Wajahat Mughal has launched Spreads, an innovative app designed to provide users with a passive way to earn yield in the perpetual futures markets. The app currently boasts an impressive annual percentage rate (APR) of over 20%, making it an attractive option for those looking to farm yield without the hassle of manual trading. Mughal emphasizes the importance of saving time and money in the fast-paced trading environment, especially for users who may not have the time to actively manage their investments.
The app caters to two main user groups: those seeking high USD yields through basis trades on token-less perpetual markets, and users who prefer a more passive approach to farming in DeFi and trading markets. By allowing users to deposit into a points vault, Spreads offers enhanced exposure to various projects without the stress of trading execution or fees. The yield vault captures additional yield from staked capital, creating a unique amplification mechanism.
Looking ahead, Mughal is optimistic about the app’s growth potential, aiming to increase its Total Value Locked (TVL) from low six figures to seven figures. He acknowledges the challenges of attracting users but remains committed to improving the app based on community feedback. Upcoming features include gamification elements, new perpetual markets, and expanded asset types, all aimed at enhancing user experience and engagement.
ELI5:
Wajahat built a cool app called Spreads that helps people earn money easily by investing in markets without having to do a lot of work. You can put your money in and let it grow while you relax! The app is still new but is doing well, and Wajahat wants to make it even better by adding fun features and listening to what users want. ![]()
Writers main point:
The primary point Wajahat Mughal is making is that Spreads is a revolutionary tool for passive yield farming in the perpetual futures market, and he is eager to grow and improve the app with user feedback. ![]()