I've seen quite a few people playing in the $HLS trading competition these days, and I took a look myself.

Let's start with the conclusion: missing out on this wave is a bit of a loss, but there's no need to get too worked up about it.

No KYC, 0 fees, it is already a "freemium-friendly" activity.
More importantly, the project $HLS is not just riding the hype.

Helios is following the "on-chain ETF" route, which means:
Package a bunch of assets into an on-chain product, automatic rebalancing, automatic operation,
The target customers are clearly not retail investors, but rather those leaning towards institutional-level DeFi.
A couple of days ago, I just launched tokens on Ethereum and Arbitrum, both of which have a relatively serious background and scale.

Now this event is probably for three types of people:

Want to get it for free:
First deposit 100U, buy a spot, and invite a friend, 20U is basically guaranteed.

Originally meant to trade:
The contract can run casually, looking at a 10–30U rebate as transaction fees.

Large-volume veteran players:
Rush to the spot trading list, and dive into that big pool of 5000U to see the execution ability.

The overall feeling is:
Activities give money, projects give narratives, you give patience.
First, gather the fur, then observe.
As for whether it is worth paying attention to later, just wait for the market to give the answer.

Event link:

#HLS # #CEX #crypto #Weike