Alex Cheng retweetledi
Alex Cheng
282 posts
Alex Cheng
@AlexKuanCheng
$RNBW developer of first "Volume Booster" chrome extension - 2.6mil weekly active users!
Katılım Eylül 2021
1.4K Takip Edilen452 Takipçiler
feels like lending protocols should have liquidation escape hatches so lenders can always pull out their deposits, regardless if totalBorrowed hits totalSupplied
English
I wonder how many people were zeroed out copytrading this insider
0xNobler@CryptoNobler
🚨 BREAKING TRUMP INSIDER WITH 100% WIN RATE JUST GOT FULLY LIQUIDATED ON HIS LONGS. AFTER 14 SUCCESSFUL TRADES AND $33 MILLION PROFIT, HE WENT ALL-IN AND LOST $45 MILLION IN A SINGLE TRADE. CRYPTO IS A WILD SPACE 🤯
English
Wtf u can't watch Twitter ad videos on 2x speed?! Abomination
English
@izqui9 cool app! Love the UX. Where does the 11% yield come from? Is it scalable? Would appreciate a link to a lending pool if possible
English
the last 2 years we've been building what i always wanted to use on ethereum. this is how we it get to 3B people.
Tuyo@itstuyo
By 2030, three billion people will live on stablecoins. They will use Tuyo, the universal money account. The TUYO rewards program goes live today.
English
Idea: Does it make sense to tokenize RWAs/stocks/forex with CDPs?
USDC/USDT have arguably won over CDP stablecoins using centralized issuance because there's only one asset (USD) to tokenize and rev source is clear (treasury yield), and 1-for-1 issuance is more efficient than CDPs.
The situation is different for other assets. Take stocks for example:
- Rev source is unclear. Stocks don't usually earn yield and even with dividends stock holders expect it to be passed through.
- Holding stocks is riskier than USD. To bootstrap the supply of a tokenized stock, you'd need to buy them on the market and hold them, exposing you to volatility.
- Tokenizing many heterogeneous assets is hard. You'd need to bootstrap supply for each and potentially deal with disparate jurisdictions (e.g. if you want Chinese AI stocks)
CDPs seem like a potentially better solution.
- Rev source is interest from CDP users
- No need to bootstrap supply & hold the assets yourself, CDP users will do that for you to short the assets
- Only need a price oracle to spin up a new asset, which is much easier than dealing with red tape in multiple jurisdictions
Of course you still need liquidity for trading, but you need it anyways even if you were centralized. CDP users could stay delta neutral if the asset was also on a perp exchange, so you don't need to force people to net short the assets.
I think a lot of the speculation will happen on perp exchanges rather than spot, but it feels valuable to also have spot representations. e.g. if you just want to hold NVIDIA stocks you don't have to pay funding if you hold spot.
English
the easiest way to track crypto adoption is how painful it is to pay for stuff
used to take days to offramp
then came prepaid cards
then came “crypto cards” with ridiculous fees and limits
now we finally got Tria:
> 0% fees on everything
> 4.5-6% cashback
> works in 150 countries
> non-custodial
> real yield on all assets
per crypto card should’ve been years ago
this is what a pro
i actually used them before they even reached out to partner
was the easiest yes ever
tried 8 different crypto cards before
now i just use tria
even got cashback from going to the dentist today lol
English
@AlexKuanCheng @tradexyz if you take an under max leverage punt on the weekend how would you get liquidated with the price clamped
English
@Rarma_ @RoboMcGobo yep - circle's new arc network proves this
English
Cosmos is certainly not there or anywhere close in performance.
Again, they’re not coming to buy your bags.
They will use the free, open source tech and have their engineers do it better.
The only people preaching this are on Cosmos payroll or holding 90% or more down bags.
Sad, really.
English
This is, unfortunately, the kind of short-sighted thinking that got Cosmos to where it is in the first place.
Any ecosystem relying purely on defi, memes, and nfts to propel it to success will lose in the long term, sorry.
These usecases will consolidate onto 1-2 winners to survive, and their upside will be limited to the capital pool of a relatively small group of users and ever-shrinking number of VCs and liquid funds (tbf, i count myself in this group of users and always will).
True exponential growth from here will accrue to those ecosystems that can capitalize on the trillions of dollars in institutional and enterprise capital coming on chain as we speak. These enterprises need sovereign infrastructure. L2s and gen-purpose L1s are unfit for their usecases. Care to venture a guess as to which sovereign infrastructure provider is lightyears ahead of the others in performance and customizability?
It would be great to keep you and everyone else in Cosmos, but if you stay a perspective shift is needed. You can either fade into irrelevance over the next decade with the legacy crypto systems, or ride the wave of this new paradigm into crypto's future. Your choice.
Blog with my full thoughts on this topic coming soon 🫡
Andrea@AndreaKovacic
Cosmos is done. As a former contributor to @Cosmos, I want to share my thoughts on its current vision & direction, products and more.
English
@coldhealing wtf they're using AI slop for their launch video. The product changes shape and size between shots.
SCAM
English
People in San Francisco will make a video of a slow cooker with a little handle that stirs the food and call this a "fully automated smart chef". They must be stopped
Miyu Horiuchi@miyuselene
Introducing Replicator Fully automated smart private chef no more hustle cooking. no more overspending on food delivery. no more eating that same salad bowl and burger every day. nutritious. home-cooked. delicious food. COMMENT below to get on our beta tester waitlist! @theresidency @enter_delta
English
imo the limitless founder crashout is definitely interesting
putting how entertaining it is aside, it sheds some light on an interesting phenomenon: market-making @ TGE
usually 99% of teams hire a MM and the job of a MM, is well, to post liquidity on both sides. they dump a lot, and they buy back a lot, and how and when they do it depends on a lot of factors that differ from project to project.
so, its curious that if a team decides to MM their own token, its considered evil, but if a 3rd party is the one doing the dumping and the buying, its considered a regular Wednesday
is it just the optics? its okay if its a 3rd party but not if its the team? idk some food for thought on amidst all the drama and entertainment, curious to hear diff thoughts
English
Alex Cheng retweetledi
negative thinking destroys your brain
being a silly goose and delusionally optimistic is the ultimate longevity hack
English
@davidtsong Why are users paying axiom .75-1% in trade fees when they can do it themselves for free?
English
1.6mil arr in 7d just means they cashed a 30k check 1w ago. I cashed a 10k check for a volume booster partnership 1d ago, so my revenue is 3.65mil arr
English
@yishan It's all green washing scams. Any energy gained from combustion is bad for the environment
English
This is ridiculous. The US imports used cooking oil from China to make biofuel?? Yes, by all means stop that!
Biofuel is the biggest climate scam ever and should never have happened. It should have been obvious to everyone the entire time that “grow crops and burn them” does nothing for the climate and was only scammed into existence because “renewables” does NOT equal “climate-good!”
The definition of “renewables” only meant “you can keep getting more of it” and it tragically includes “plant things, then burn them, then plant them again and burn them as infinitum” in a way that totally ignores the cost of land and energy to do so AND the kWh energy produced per tCO2 emitted IS WORSE THAN COAL.
I will make another detailed post later explaining why biofuels are terrible (arguably worse than oil and gas) and why “renewables” are NOT the same as “green” (climate-helpful).
James Wood 武杰士@commiepommie
🇨🇳💥🇺🇸 China halts U.S. soybean imports and Trump panics China has officially paused all U.S. soybean purchases. The move comes right as America’s harvest season begins, leaving millions of tons unsold and U.S. farmers begging Trump to fix his own mess. Instead of negotiating, Trump went on Truth Social accusing China of “economic hostility” and threatened to cut trade with China, even over used cooking oil (which the U.S. imports from China to make biofuel. 📊 Facts: • In 2024, China bought over 27 million tons of U.S. soybeans, worth $12.6 billion, more than half of U.S. exports. • This year? Only 5.9 million tons shipped before China stopped buying in May. • U.S. grain ship arrivals in China are down 56%, while South America (Brazil, Argentina, Uruguay) now fills the gap. Now American farmers are stuck with collapsing prices, full warehouses and no federal support after the shutdown froze subsidy plans. China calmly diversified years ago, the U.S. just never believed it could. The real reason American soybeans aren’t selling is entirely because of Trump’s own tariffs, he’s shot himself in the foot. Once again, Trump calls it “China’s fault.” But the truth? China simply stopped playing the rigged game.
English
We've proved that open decentralized systems with deep liquidity can perform better than opaque centralized ones
MartyParty@martypartymusic
Based on my research to date since the incident, either: - The centralized price oracles experienced either a glitch or a compromise. Every exchange, every DEX, every Dapp gets the dollar price from the Oracle networks. Thats Chainlink and Pyth. - A dominant centralized exchange dollar price was either manipulated or glitched, that could have been any dominant exchange, Binance, Coinbase, Bybit, etc. This glitch would instantly reflect in the oracle network and cause every perpetual contract to liquidate longs, and shorts to hit liquidity boundaries causing them to close under duress. The centralized pricing system either failed or was compromised. The blockchains had zero issues. In fact they handled the defi swapping and trading flawlessly. Crypto won, centralized systems failed. REPEAT: I dont see evidence of any actual mass selling of crypto to trigger this cascade. Only post event on the glitch did people panic sell and cascades force automated selling.
English
Alex Cheng retweetledi
Based on my research to date since the incident, either:
- The centralized price oracles experienced either a glitch or a compromise.
Every exchange, every DEX, every Dapp gets the dollar price from the Oracle networks. Thats Chainlink and Pyth.
- A dominant centralized exchange dollar price was either manipulated or glitched, that could have been any dominant exchange, Binance, Coinbase, Bybit, etc. This glitch would instantly reflect in the oracle network and cause every perpetual contract to liquidate longs, and shorts to hit liquidity boundaries causing them to close under duress.
The centralized pricing system either failed or was compromised.
The blockchains had zero issues. In fact they handled the defi swapping and trading flawlessly. Crypto won, centralized systems failed.
REPEAT: I dont see evidence of any actual mass selling of crypto to trigger this cascade. Only post event on the glitch did people panic sell and cascades force automated selling.
English