Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Looking back at 2025, locking $COOKIE for a full year stands out as one of my biggest blunders.
Here's the thing everyone tipoes around—most people staking $COOKIE weren't actually chasing "governance power." Let's be honest, nobody was fooled by that narrative. The real draw was different, and we all knew it.
Beyond that, there's another hard truth: numerous MAF projects this cycle have turned into bloodbaths. The losses have been brutal. It's not just about one bad bet anymore—it's a pattern.
The gap between marketing promises and actual outcomes keeps widening. What looked solid on paper crumbled fast. That's the lesson 2025 taught me. Sometimes the safest move is recognizing when sentiment and reality have drifted too far apart.
COOKIE staking for a year? I just want to ask how much you lost, brother.
MAF is really done this round. It's not just one or two projects; the entire sector is rotten.
The gap between on-paper promises and actual returns is becoming more and more outrageous. That's what hurts the most.
This round of the MAF project has died a terrible death; I should have seen through this set of rhetoric long ago.
governance power? Laughable, who would believe that, it's just gambling on price increases
MAF's entire ecosystem this year has been a mess, my friends have lost so much they doubt life itself
That's right, projects that look good on paper all end up collapsing, the gap between marketing and reality... is becoming more and more absurd
It seems the entire ecosystem has learned a set of skills: pie-in-the-sky promises + seamless cutting of losses
MAF really underperformed this round, with one explosion after another. Those who lost everything are all here. It's not just bad luck anymore.
The promises on paper are far from reality. It looked pretty good at first glance, but collapsed in no time. That's what 2025 has taught me.
---
I also skipped the COOKIE trap, MAF this round is all blood letters, there's no way to play.
---
The paper gains look good, but it crashes immediately after launch, this is probably a common problem since 2025.
---
The gap between marketing and reality is so big, it was time to run.
---
Feels like all staking projects are this way, governance rights are just a facade.
---
Still optimistic or pessimistic, it's better to just go all-in on USDT to preserve capital.
---
Another cycle of being slapped in the face, when will we see real projects?
---
It's really common to see emotions detached from fundamentals.
---
The bottom-fishing guys are really losing out this time, it's time to learn a lesson.