Johnny

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Johnny

Johnny

@Johnny_adhd

I have ADHD. Will DM for free food.

Your heart❤️ Katılım Eylül 2022
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Johnny
Johnny@Johnny_adhd·
Johnny's progress report since called on CT - $M +711% - $IMF +155% - $pengu +115% - $TIG +72% - #1inch +67% - $TAG 61% - $JOE 47% These are plays you can size up on, real shots at making genny wealth. Not some random micro-cap trash to farm exit liquidity — these are solid plays with real upside
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Johnny
Johnny@Johnny_adhd·
Had Fogo de Chao for breakfast zcash:native
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Johnny@Johnny_adhd·
Time to revisit the L2 scaling narrative.
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Johnny
Johnny@Johnny_adhd·
lock in and print
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Johnny@Johnny_adhd·
The more people lose faith in altcoins, the more we print. $KNX
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Johnny
Johnny@Johnny_adhd·
/buddy
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Johnny
Johnny@Johnny_adhd·
@Harsha2077 @DefiLlama misreported @DeriveXYZ OI, and another group picked it up to shill their bags. Are we really going to ignore a product with $1B OI?😅😅
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harsha
harsha@Harsha2077·
you've probably seen screenshots of $DRV OI next to Hyperliquid and Aster from ppl shilling it as "undervalued" i dug into the numbers. here's what's actually going on first, that $1.3B OI is almost entirely options notional. Derive's own dashboard breaks it down: BTC: $528M total OI • $507M options • $21M perps ETH: $97M total OI • $94M options • $3.4M perps so actual perp OI is only ~$24M. the "$1.3B" figure comes from options notional value (which makes sense because Derive is an options protocol). but options notional and perp OI are completely different things. in perps, $70k notional = a real $70k position with collateral and liquidation risk. yes leverage inflates it, but typically by ~5–10x. in options, $70k notional just means the contract references $70k of the underlying. the premium paid might only be $200–$400. the inflation vs real capital can easily be 100x+. this is why TradFi doesn't report options OI in notional. CME and CBOE report contract count. Deribit (the largest crypto options exchange) does the same: • 483,124 contracts headline • $33.7B notional shown separately clear and transparent. Derive only shows notional OI as the headline, with no contract count on the trading UI. so i went to their stats page. Derive has roughly ~8,000 BTC options contracts across all strikes. Deribit has ~483,000. that puts Derive at ~1.7% of Deribit's size. to be clear, i actually like Derive as a project. the team is solid. but when someone puts Derive's "$1.3B OI" next to Hyperliquid and Aster and says "look how undervalued", they're comparing options notional to perp OI. it's apples to oranges. also worth noting: Derive's OI is concentrated in just two expiries (March 27 and June 26), suggesting a small number of large positions. so the real picture is: • ~8,000 options contracts • mostly one-sided call selling • concentrated in two expiries • ~1.7% of Deribit's size if someone's selling you $DRV based on "$1.3B OI at $76M mcap", they probably don't understand options. also @DefiLlama can do better here. options protocols like Derive shouldn't be ranked by notional OI alongside perp protocols. either show contract count for options or at least separate the categories. the current setup is misleading
Miyamoto@iruletrenches

i'm seeing a lot of $HYPE whales more and more vocal about $DRV and also top holders of it. onchain options are naturally the next major vertical after perps. options unlock trading strategies that perps simply can’t offer. i’m not saying the options market will surpass perps, but the TAM is in the billions and growing fast. @DeriveXYZ currently holds the dominant position in this entire segment and is positioning itself as the base layer for onchain options, with projects already building on top of it like @dreaming. $DRV is already #3 in open interest after $HYPE and $ASTER, and is processing nine-figure options trades from institutions. the asymmetry here is extremely attractive. i think the market is simply lagging because of noise and fragmented attention, but sooner or later it catches up and reprices. sometimes the most obvious trades aren’t obvious to the masses until the move has already happened and the asset is up 5x. i’m becoming increasingly bullish on onchain options, and right now there’s basically no other way to get pure exposure to that market besides $DRV.

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Johnny
Johnny@Johnny_adhd·
@Citrini7 The G7 doesn’t have time to wait for Venezuela to rebuild its oil infrastructure.
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Citrini
Citrini@citrini·
Is it feasible that Maduro was taken off the board to use Venezuela as some sort of insurance policy against attacking Iran leading to tighter oil supply or is that silly
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Johnny
Johnny@Johnny_adhd·
Physically mentally unstable but at least my wallet is $stable
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Johnny@Johnny_adhd·
@mustafap0ly 5min and 15min markets both 3% trading fee?
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Johnny
Johnny@Johnny_adhd·
$POWER, powered by Howard.
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Johnny
Johnny@Johnny_adhd·
Johnny participating in on chain Olympics 🏅🥈🥉
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Johnny
Johnny@Johnny_adhd·
Honestly all you have to do is buy and hold 🏅🥈
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