heem (comeback arc)
17.2K posts
@RM_Shinigami
web3 & beyond. digital artist, nfts enthusiast, Zora Artist, All artistic opinions are mine. RWA/Collectibles enjoyoor | CM @ampedfinance |
RFQ vs CLOB The debate happening rn on X is a psyop. In trad markets, RFQ adds value by facilitating the following kind of thing: >Gold miner Y wants to sell 1000 GC contracts. >Y goes to a bank who is happy to buy at a tighter price than the market VWAP, because Y is a non-toxic counterparty and the bank will probably get some counter-flow soon. >Hedge fund X comes in to buy; the bank is 'axed' that way and sells to the bank. There are 3 things that make this work: 1/ These contracts have a well-defined price on an external CLOB that can always be used to benchmark fill quality. 2/ The bank can keep their hand hidden when responding to the RFQ. 3/ There is a material chance that the bank will exit the trade also via RFQ (otherwise it just turns into glorified CLOB execution). The phrase 'RFQ' has been hijacked by crypto. In the crypto context, you trade a completely non-fungible contract against an internal market maker, who then back-to-backs the risk onto... wait for it... a CLOB. This is the same as trading on a CLOB, except there is only 1 market maker allowed. None of the benefits of a CLOB, like price competition, can apply. Btw, if you're a non-toxic trader, CLOBs have other mechanisms to help you out. Study the US equity and FX markets. Go on IBKR right now and put in a market order on TSLA. Most likely, your fill price will be inside the displayed BBO. Dark orders allow many of the benefits RFQs bring, without fragmenting liquidity. If anyone wants to market make on @QFEX with dark liquidity, DM me and we'll bump it up our roadmap.
Something going on with my Claude Code right now, it just took my site down (second time in 12 months, good score), couldn't fix it by itself, I had to manually fix it, I did within 5 seconds, so that's OK but yeah it feels supremely dumb and mostly slow the last few hour? Like thinking forever and ever and ever I might just stop coding tonight cause it's too dumb and slow and risky right now
S/o to our design director the legend @Coldie When you collect GENESIS PACKS you get 3 Grail NFTs created by the man himself You can hold the NFTs or redeem them for gTOKENS which you can hold, redeem for the physical card or sell for cash There are many layers to Grail that we hope you will understand over time. Appreciate the love ❤️
Since Wemby went off last night there’s been $1.1M+ in gWEMBY trading volume, more than the entire Wemby collectibles market. gWEMBY 👽
Mach 1 just made algo trading on Monaco easy 🏁 Write a strategy, run it from the CLI, and watch it execute live on the frontend at app.m1.markets — spot & perps. Paper mode by default. ~10 lines of code to go from idea to live trades. Open source. Clone and go 👇 github.com/M1-Markets/Mac…
