0xEmpoleon

It's finally out!

クオンツ向け：世界トップ大学の「無料(youtube)」公開講義ロードマップ 予測モデルを作るより難しい「偶然のフィットの排除」と「破綻しないサイズ設計」。これらを学ぶための名講義を5つに絞ってまとめました。 1️⃣ 金融数学の総合基礎 (MIT) 2️⃣ ポジション・資金配分 (Stanford) 3️⃣ 過学習を防ぐ統計 (Stanford) 4️⃣ MLの体系的基礎 (Stanford) 5️⃣ 市場の現実とリスク (Yale) 「有名だから」ではなく「観ないとどの実務判断で詰まるか」という視点で解説しています。 本番運用に行き詰まっている方は必見です👇 「勝てるバックテスト」から「壊れにくい戦略」へ：クオンツ戦略を鍛える無料講義ガイド 記事qiita.com/tikeda123/item… #quants

instead of watching 2 hours of Netflix tonight, watch this 40-minute masterclass from the founder of a $20B China AI company it's the clearest explanation I've seen of how Agent Swarms and AI systems actually work at scale useful whether you've never built an agent in your life or have been using Claude every day for the past year I took the key ideas and turned them into a practical guide on how to actually build with Kimi find it below

"What is GSR One?" We're glad you asked. See if for yourself: one-demo.gsr.io

Fixed income vaults in DeFi are increasingly becoming a cornerstone of the liquidity ecosystem. A simplified model of both @aave and @Morpho below shows how the vaults are used by borrowers to provide a service to lenders by giving them liquidity combined initial margin protection on the underlying illiquid collaterals in exchange for a cut of the yield. This trade only works for assets with yields greater than 1.8 times the overnight rate in each currency. Right now, that threshold is 6.55% If you are a tokenisation platform or fund issuer: make sure to focus on assets that clear this rate if you intend them to be used as DeFi collateral.

while you are busy growing your protocol, i am here, plotting your relentless rise on the solana blockchain use me to your advantage, my liege

In 1999, Duffie-Singleton solved TradFi credit pricing. Their move: stop modeling why default happens. Model that it happens, calibrate a hazard rate and recovery rate from market data. Forty years of default tapes made this work. CDS markets gave you hazard rate in real time. Senior unsecured HY recovers ~40% empirically. But you can't directly apply it to DeFi. 1) Loss tape is ~3 years, dominated by tail events. Rating infra is still being built (s/o to teams like @CredoraNetwork by @redstone_defi, @StakingRewards, @xerberus, and @particula_io) 2) No formal bankruptcy process. Kelp recovery was zero pre-bailout. Drift was zero. DeFi LGD ≈ 0.95, not 0.6. Any framework using TradFi recovery on DeFi loss data is mispriced before it begins. 3) "Default" in DeFi could mean oracle exploit, bridge drain, governance attack, depeg, liquidation cascade, smart contract exploit, etc. Different distributions sharing one name. Tiering is the structural fix for now: Tier 1: curated isolated mainnet, mature assets/collateral, DAO guardian with timelocks, etc. Think @SteakhouseFi @gauntlet_xyz @kpk_io on @Morpho or @upshift_fi. Tier 5: the rsETH cascade. Pooled L2 with bridge + LRT + jurisdictional risk stacked. I am still considering these tiers based on decent protocols and assets. Not dogshit 50% APY farms. The risk is real but underwritable, once the curve exists.

you can now trade tokenized stocks on every leading chains: Solana: @xStocksFi Ethereum: @Securitize BNB Chain: @OndoFinance Hyperliquid: @felixprotocol Base: @st0x_io Polygon: @Fair_Shares Arbitrum: @RobinhoodApp Avalanche: @DinariGlobal Monad: @Deshare_finance Provenance: @Figure Plasma: @SwarmMarkets

A note on DeFi. DeFi will be FIXED INCOME. Below are views purely on the state of fixed income in DeFi. No payments/stables etc. The below are all best in class early stage fixed income plays that give exposure to a variety of market dynamics. Cheap liquid tokens - markets: @eulerfinance - super cheap beta @aave - kelp / dao dislocation @GearboxProtocol - exceptional tech Cheap equity - markets: @infiniFi - defi banking book @Zharta - best bond market (non fungible tokens) Cheap equity - strategy vaults (QIS): @ipor_io - best strategy vault infra (also leaders in swap space) @TradingProtocol - best quant /backtest infra @symbioticfi - best vaults for usd efficiency (reuse each $) Cheap equity - infrastructure: @KeyringNetwork - leader in full stack vault and vault infrastructure for fixed income Cheap equity - issuance: @AssetoFinance - largest in Asia @paretocredit - largest levered RWA TVL on morpho Cheap token - issuance: @plumenetwork - underpriced beta Cheap token - distribution: @turtledotxyz - category owners A note on agents: I haven’t put agents on here because it is my feel that Agentic AI for Fixed Income in DeFi will be cannibalised by OpenAI / Anthropic. I feel Agents in FI DeFi will largely be a UX and data analysis play that will be levered by quants and PMs for portfolio analysis and research tasks. It is my view that Agents will not do convex portfolio optimisation / allocation across an efficient frontier as they are not designed for this task. I am not sure whether quants / PMs will indeed pay for this from a startup. My own circle of quants and PMs in HFs would suggest they will (are) building in house. Attached article below about why we are where we are in DeFi and why DeFi is fixed income right now.

Announcing Cofounder 2: Run an entire company with agents. It's the infrastructure for the one person billion dollar company - orchestrating agents across engineering, sales, marketing, ops, and design. (and yes that's my real grandma in the video)

Wolfgang Schadner, a Swiss quant, found the closed formula for the direct inversion of Black & Scholes option implied volatility ! Everyone has been using root search for ~50 years and his formula is fast. More elegant result, as no boundaries or starting value are required. You still need somewhat of a root search in the inverse Gaussian quantile, or use a smart approximation ;) Then it is down to single digit microseconds. w-schadner.com

Jane Street hired this junior at $220k-$600k /year because he uses AI to analyse TRILLIONS of data in this 1-hour lecture - he show how to research trillion of data points thanks to his machine Bookmark & watch it, instead of Netflix to learn how to do the same!

@MrBreadSmith the outcome when safety is last on the list of priorities @mywebacy available to help

Link to @VerdaVentures's interactive stablecoin dashboard with almost 4,000 companies profiled across 12 categories and 136 countries. stablescape.xyz This is meant to be a living map, so if we missed a corridor, category, or company you think should be included, please comment! We'll periodically post insights drawing from this data.

Unless I’ve mistaken this is a first-of-kind regulated insurance policy covering crime to such an extent in DeFi. It was a huge effort to get here with over 12 months of work from Teo Kithara-Bigot, Adam Wickens, Alex Krasnow and guest appearances from Christian Ogden-Davies. We feel this is the most robust regulated product out there in the market for DeFi lending markets and we hope this can provide foothold for more cover to grow as we expand.

Institutional capital needs legal structure. @LaserDigital_, backed by @Nomura, is building that foundation. Purvi Maniar, Chief Legal Officer at Laser Digital, will speak at Vault Summit. Join us: June 5, NYC · vaultsummit.xyz

Keyring and @AssetoFinance are bringing YIELD+ and NGI+ into rwa [un]wind. Multi-strategy income and private infrastructure exposure from Asia's leading RWA tokenisation platform with >$500M in total tokenised volume. Leveraged RWA positions with atomic execution and zkVerified access.