Supertramp
845 posts
Supertramp
@StayRoamer
developer relations @lighter_xyz
tools: Katılım Mart 2023
1.3K Takip Edilen1.4K Takipçiler
~ @lighter_xyz looking good here
vooi@vooi_io
You gonna lose profit on your Short because of your DEX choice Introducing VOOI Perps Arena — one portal to find the best perps offer and execute it in one click Check how much your margin is leaking per trade, with live and fresh data 🔗: ultra.vooi.io/perps-arena
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@0xmktz @Lighter_xyz Good luck! Happy to have you on board as a pool operator.
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Public pool is live on @Lighter_xyz
It runs a quantitative directional strategy that targets volatility. In plain English: it's built to outperform buy and hold on a risk-adjusted basis. Not just returns. Returns relative to the drawdowns you have to stomach to get there.
Full breakdown with backtests coming soon.
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You can now move your margin directly to your @Lighter_xyz account from other DEXs in one tap
Click and Transfer funds to your Lighter account wherever you need it - in seconds, via VOOI Transfer Margin
Move margin and trade Lighter Perps → pro.vooi.io/transfer
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@alex_hunter20 i appreciate that your bio clears out your approach already
but just to be clear, a “few millions” was actually a $88m order
lighter’s liquidity will naturally improve over time. for the time being, it’s already competitive with major cexes up to ~$25m per side
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I saw it again on the TL and started thinking about it again and bro wtf
If you can’t even market sell a few millions on the MOST LIQUID ASSET IN CRYPTO then send this fucking DEX to zero.
We’re not talking about some dumb illiquid RWA market. It’s fucking BTC lmaooo and it’s on a PERP market. You literally can’t get a more liquid market than that 😭😭😭
@GarrettBullish market sold 9 figures worth of SPOT $BTC in a few minutes months ago and market bought billions worth of SPOT $ETH, and neither price was that volatile at all.
Here are some screenshots from back then of him nuking perp positions AND accumulating $3.5B worth of $ETH.
Yeah there were a few percent arbitrage opportunities, but not 27% lmaooo
And that was with way more size lol
That’s the difference between the House of All Finance and some random VC DEX.
HYPERLIQUID.
Alex@alex_hunter20
If you try to sell at 47,511 on Hyperliquid your order will market fill at the current price until the amount is sold. Right now, if you try to market sell 1,100 BTC it’ll fill up to 68,900 max, not 47511. 8M saved. Just use Hyperliquid. There is no second best.
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End of the road for parsec I'm afraid. The market zigged while we zagged a few too many times
A little parsec lore for posterity, In early 2020 I started charting uniswap *v1* charts as a side project, this spiraled into a full blown DeFi terminal during DeFi summer and into the 2021 craziness. Our big break was DeFi completely unwinding its insane leverage in 2022, first wonderland, then ohm, then terra, then 3ac/stETH depeg. Lots of firms and traders were using parsec to navigate (and in some cases being the ones getting liquidated!).
Post FTX DeFi spot lending leverage never really came back in the same way, it changed, morphed into something we understood less, activity onchain changed hugely in a way that I never fully grokked. We had pockets of life after that, Friendtech (rip), our polymarket election dash that grabbed a few hundred thousand hits in 1 night. But nothing stuck as the ephemerality of crypto crept in (more on this another time).
I've made about a thousand mistakes along the way but the team I built was not one of them, a group of hardworking, knowledgable and overall good people with the unwavering @bshee1102 as my right hand from the very early days
My vision was for DeFi to reinvent finance and permeate the opaque and gated systems of old, a vision I still hold (perhaps masochistically). Parsec was a part of the very beginning of this and will sadly not be of part of the long journey the industry has left.
I'm not going anywhere, will be doing some writing and finding new ways to contribute. Onwards!
parsec@parsec_finance
After 5 years, parsec is shutting down. Not how we wanted our story to end, but we are proud of what we built and the value we provided along the way. We are eternally grateful to those that traversed the ups and downs onchain with us. It was quite the ride 🔭
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@Henrik_on_HL Glad to see we live rent-free in your head - few points:
> You're using data from one year ago (?)
> Just on-chain does not paint a full picture, as non-eth deposits won't be counted properly
> Last 7d, we're averaging ~200 new accounts per day
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@TheCryptoNexus wait the lighter team is disc trading with treasury funds??
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@Overdose_BTC @Lighter_xyz I wouldn't say this, honestly. Considering ~ $30M depth per side, depth is perfectly comparable to Bybit and Binance
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@StayRoamer @Lighter_xyz lighter spreads are on the higher side
but 0 fee + OB depth makes it way cheaper to trade on
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@oxngon @DefiLlama @0xngmi @ilyessghz2 It's also quite interesting how, since fees were increased for premium users and we added staking tiers, the avg exec costs dropped from 5.8bps to 4.6bps. $1m also dropped 1.6bps to 1.2bps; $10k and $100k remained the same
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Lighter slowly carves category on its own. Hype was first to market, yet I see little innovation tbh.
Before lighter, I saw nobody on CT talk about cost of execution. Now we finally start having meaningful metrics to compare across venues.
I want this on @DefiLlama @0xngmi ser.
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@BittexXBT Difference here is everyone can pay zero fees on lighter, while you need > $7B weighted volume in the past 14d and $15m worth of tokens staked on hl. You can verify the data here: growthepie.up.railway.app
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@BittexXBT It’s still cheapest on $10m $btc even after setting Hyperliquid at the cheapest taker rate (1.44 bps) and using a daily average (ws books cached every minute). ETH is the same, SOL still 40% cheaper on Lighter with the above settings
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Even with $10M @Lighter_xyz is the best place to trade.
There is no better option out there.
Do not get farmed while trying to chase new perp farms. S3e you on orderbooks.
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