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Runner
805 posts
@Doonhamer_ @DidiTrading curious did NO voters or mainly FDV Poly traders buy this one?
gg btw
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Day 490: Recently I’ve noticed a shift in Polymarket valuations for pre-TGE projects.
For months, almost every crypto project was overvalued on Polymarket. I made 6-figure profits just buying NO.
But recently, things flipped.
A lot of projects are now being undervalued, leading to unexpected outcomes. For example, people who bought $CHIP above an $800M FDV ended up with a 166x.
Most projects launched in the past few weeks at FDVs way higher than Polymarket predicted.
Feels like we’ve reached a point where it’s more +EV to bet on higher FDVs instead of lower ones.
Maybe it’s time to make an AlwaysYES account🤣
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Are BMW interior designers on crack?
It looks like AI slop but the 3 series also has the same weird trapezoidal screen and sloppy steering wheel
NEWCAR@NEWCARinjapan
新型BMW 7シリーズがリークされました。
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Narra too good to fade. Been waiting for something like this and took the bet, it was out for a few days too but everyone was fading.
Learned from my neiro mistake and decided to port over from sol to eth. We are still early imo
degn@degnsol
A very nice 130x for the gang @YoggDAO Shared in as many groups im in too 🫶 No kol airdrops so i had to lock in
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@moonshiesty @xenoflux Instead of speculating, you should actually test these peers vs benchmark to see the benefit is marginally very small
and only really makes sense for large volume institutional AMM’s
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hyperliquid priority read/write fees are proof maker prioritization doesn't fix the latency or infrastructure arms race
ultimately, hyperliquid is handicapped by the same validator design that's plagued every L1: validators are the privileged participant
there are only two solutions
1) allow validators to rent seek (MEV)
2) try to internalize MEV (priority fees) and return value to stakers
hyperliquid is trying the only sensible solution (2) but ultimately any value internalized through read/write priority comes from traders
hyperliquid team validators will opt-in to read/write priority. not clear to me why other validators would opt-in and give up their revenue steam
matteo@0xmattegoat
A few notes after integrating both read and write priority fees on HL: - Many have been wondering why priority fee revenue hasn't ramped faster. It's a combination of two things. Makers need time to integrate, but the bigger issue is the validators, they have to explicitly enable the gossip priority config to respect the read auction ordering. Not all validators have done this yet, which means winning the gossip auction today doesn't guarantee you actually get prioritized access to the mempool. Rn you might end up burning your precious HYPE for nothing - Many retail traders don't know this, but before this upgrade you needed to pay validators to get access to sentry peering or other kind of dedicated setups in order to have competitive latency as an API trader, which had a cost of a few tens of thousands of dollars per month depending on the provider. This upgrade directly targets these setups, and will internalize most of these fees into HYPE burning. It's hard to estimate the exact numbers, but I would say that this upgrade just added $500k-$1m monthly buying pressure on HYPE, with potential for write fees to grow much more. - This is a first step from the HL team to try to internalize more revenue from latency and infra investments that most HFT teams spend. This is something traditional exchanges have been trying to do for a while (IEX introduced a 350μs speed bump and refused to offer colocation entirely, NYSE/CME keep building bigger colo facilities to capture more of this spend), and the biggest risk is destroying your microstructure because the exchange becomes too expensive for makers, or too slow. But the risk is definetly worth the reward. BIS research estimates the HFT arms race extracts $5B/yr in global equities alone, or about 0.5bps on all volume. Growth mode assets on HL charge 0.45 - 0.9bps in taker fees, so if priority fees capture even a fraction of that 0.5bps equivalent, that's potentially doubling protocol revenue on these markets. I'd estimate monthly infra spending from HFT teams on HL today to be in the ballpark of $5-10M between sentry peering, server optimization, and brainpower. Priority fees are how the protocol captures a share of that. My bold take is that trading fees will compress over time as competition forces HL to stay in growth mode for HIP-3 markets. Priority fees won't since they're driven by the arms race itself, which grows with more volume. My guess is this revenue line becomes more than half of HL's revenue in a few years if they manage to capture more flow from TradFi.
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Ulysses has raised $46M led by a16z American Dynamism.
We are building The Ocean Company.
The ocean is 71% of the planet. But it is less explored than Mars, and full of secrets, waiting to be told.
It is the backbone of global defense. Home to the critical infrastructure that powers our world. And the key to the health of our planet.
This frontier needs technology to protect and steward it.
We are building it. And we need more builders
Join us and explore the Great Blue Frontier: theoceancompany.com/careers
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@HangukQuant Most of the gains come from tightening the hot path.
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I sent 20 messages to eth defi summer friends to check out bittensor a month ago
4 of them bought Tao and subnets, they are all up 2-4x, the rest are prob getting 3% on stables
Austin Barack@AustinBarack
Buying Bittensor alpha tokens reminds me of 2020 in such a fun way. Using new wallets, tools, and dashboards, and exploring a vibrant emerging ecosystem that still feels under the radar. I think a lot of people that have been around a few cycles will really enjoy diving deep into what’s happening there.
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maybe this is not yet clear, so let me state it plainly: as of right now Anthropic, and really a small number of individuals at Anthropic, has the capacity to directly attack and cause major damage to the United States Government, China, and generally global superpowers. government agencies like the NSA do not have internal models or defense capabilities that outclass frontier models. if they chose to do so, they could likely exfiltrate top secret information from government systems, gain control over critical infrastructure including military infrastructure, sabotage or modify communications between members of government at the highest level, and potentially carry on activities for some time without detection. the thing about having access to a huge number of zerodays your adversaries don't know about is it gives you a massive asymmetric advantage.
they did not exploit this to gain power or destabilize the world order. they publicly released the information that they had these capabilities and worked to mitigate these flaws. you should be grateful american frontier labs have proven themselves remarkably trustworthy and concerned with the public good. but it's critical you understand we are in a new regime. private entities now have power that directly rivals and impacts the government's monopoly on influence and violence. and anthropic is certainly not the only one, there's little chance OpenAI's internal models are far behind.
this trend will accelerate on virtually every dimension, not slow down. my prediction for how it plays out is the relatively imminent seizure and nationalization of labs by the US government, sometime over the next two years. it's very tough for me to see how they accept the existence of this kind of threat. but this adds a whole new class of governance issues, as then we've handed these extremely wide-reaching capabilities from private entities to public ones.
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@sershokunin hard concept for retail crypto to grasp
but for ‘house of finance’ it’s the right path
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@notpratty @gauntlet_xyz just realized my writting wasn't very clear, but you get the point
forgot to add you could use JLP as collateral to fund shorts in Drift for that strat. >30-35% APR avg.. 'Safe' for many, yet forget it's hard to hedge counter-party risk lol
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@notpratty drift had some vaults (e.g. @gauntlet_xyz ) and perps of tokens that had positive carry when combined with Jup's JLP. So could run delta neutral , short the tokens of JLP through Drift, while receiving funding from the shorts and fees from JLP, while being market neutral.
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