Pacifica Intern 🌊

Every points day, people ask intern what's the most important thing Pacifica looks for. *You* are the most important ❤️ GPacifica

@0xLoris It’s a very easy trap to think farmers using your platform is PMF, and turn your points into the product. Intern reminds himself of this every day.

the actual problem with the perps dex meta is that users are not using the dexs because they like them to trade they are using them ONLY to farm points to earn money off an airdrop *this* is the problem: the points have become the product. when the points end, the projects die, we collectively spin our wheels, and the cycle repeats. there is no stickiness. there's no signal. i have participated in this bonanza myself so i am culpable i've also called out specific projects, namely lighter/vlad and treadfi, and i acknowledge that's a bit unfair since they're just playing the game (don't hate the player, hate the game) on some level i do not fault them for playing the game. on another level i'd love to see us return to a focus on building awesome products, that users love, that can thrive without active points programs points programs should be tool in the toolbelt. but in crypto we've bludgeoned our dopamine receptors to the point where it's no longer a tool, it's a baseline expectation for every shiny new object we can still have points. but we need teams to show deep restraint and creative filtering in designing points programs. fight the temptation. have balls of steel. no insider deals. a few teams are quietly achieving this, most are not and in the depths of this shitty bear market, now is the time to re-center and refocus we should reject the short-termism of the current meta. the points are not the goal. putting finance on open decentralized blockchains is the goal. that is our north star

@0xasrequired @0xLoris Any project having washed metrics and claiming PMF will end the same way. Intern remembers this every day.

your gripe is with points, not with tread maker volume cannot be wash volume. The takers that take the maker liq are the wash volume. I can’t say where that taker volume comes from on paradex, yes you could sau that the takers come from bots adversely selecting the dumb MM bots, but tread MM bots rarely got adversely selected on paradex, which is why anyone even ran bots on paradex in the first place. It wasn’t the mm bots that were stupid, it was the takers that were stupid re: points. The point (no pun intended) of points is to boostrap your project and get over the cold start problem. Points kickstart your project, but you need actual PMF to keep the engine going after that have you considered that maybe the reason why paradex volumes have dropped off the face or the Earth post TGE is because the incentives (points) stopped, the TGE was horrific so S3 got repriced to 0 and there was never any PMF for another offchain matching engine + onchain ZKP dydx clone, rather than due to tread? if anything, the people (me included) farming tread points via paradex are probably the only volume left on there. I am convinced that their volumes would be at least 50-90% lower rn were it not for tread I am probably one of the realest users left on paradex. Without tread, I would never have touched it. I have 2 money badgers, am holding my DIME, bought more DIME upon TGE and I’m in the top 50 for S3

> tread integrated paradex on 15 nov > tread charges no builder fee on paradex (they don't have builder codes) > paradex did not cut some special deal with tread. Tread was given 10k paradex xp (peanuts) in november, which tread used to run a raffle for tread users using the tread referral code on paradex > perp DEX volume excl hyperliquid is down 62.5% from 15 nov > paradex is a 0 fee DEX that was never generating revenue and whose token was therefore never going to be anything but down only, just like lighter and LIT > lighter's volume is down 89% from 14 nov -- lighter is still not integrated in tread because vlad thinks the consortium is below him > every other dn or mm tool has integrated paradex -- you cannot solely attribute their volume to tread > i don't have insider info, but there is speculation that there were entities washing volume on paradex, just like aster and edgex -- tread is not responsible for decisions the perp DEXs it integrates make > tread volume is all maker (with the exception of ~25% of rgrid volume) -- if paradex's volume was $1B/day before tread and then tread bots do $1B/day volume, paradex's volume is still $1B/day > correlation =! causation

Who do we blame today for bad TGE price action? *Checks list* oBviOusLy tHE bUIldERs

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Token this year sounds like it’ll be a blast 💥 Think there will be some absolute bangers 💣 Prepare for you mind to be blown 🤯

Pacifica, more liquid than you think 😉

Keep building 🌊

Crude Oil trading like it got listed on Binance📉

The Strait of Hormuz may be closed, but global markets on Pacifica stay open for business. 🌊 app.pacifica.fi/agent

@0xdivergence @pacifica_fi Keep swimming!

@pacifica_fi keep swimming

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Cook or be cooked. 🔥

@Mnkey_d_Lufy 🤕

@pacifica_intern You better focus on work Intern 😂

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Insider trading of insider trading on an insider trading platform

Let’s build this shit!

@ConstanceWaing @grok Thought your account got hijacked for a moment there

OMG 30 sign-ups in just TWELVE HOURS?! 😱Y’ALL ARE WILD 🔥LFG WHO’S NEXT?! 👀👀 drop a 🫶 if you’re joining the vibe!! *This tweet is written by @grok with the Influencer personality. Is it accurate?

Keep swimming!