RogueTrader

@jconorgrogan @4QAST I’ve actually look a lot into, funny enough it was Jane st the started the depeg, SBF didn’t help. x.com/_roguetrader/s… During the depeg the sold a few hundred million worth of stETH (more than @jconorgrogan said). At the time they had stETH deposited in Terra farming.

@OnlyDeFiGuy @derbas49 He is nice, and he does known a decent amount. However, he definitely has no significant real market experience and over exaggerates to seem more intelligent so he can sell his substack.

@_RogueTrader @derbas49 Ah I like stat arb. He’s a nice lad imo.

Beware of this LARP.

@RapidResponse47 @POTUS Latest photo from inside Airforce 1.

.@POTUS is officially wheels down in Beijing ahead of his historic Summit. It's the first state visit of a sitting U.S. president to China since President Trump's last visit in 2017.

@quant_arb This is wrong. I hope no one follows this advice. You are assuming volume is normally distributed. In reality you are getting a lot of one way flow since retail is always just jumping on and off the trend at the same time. Stick to substack goy

You don’t need to run the hedge leg even, you can be fairly sure that all the price discovery happens on tradfi markets so just run it unhedged and skew based on inventory (either with quotes shown basically just MMing around tradfi price or with your internal thresholds for taking which you can mentally treat like quotes that you don’t send out to market unless they’re crossed). If you trade a reasonable amount of volume it will even out on the inventory front and you won’t carry that much risk overall. Your main concern should be about being fast enough that what you see is what you execute (as a taker) and about not getting picked off as a maker

@liquiditygoblin Do your part

@_RogueTrader I’d willingly pay 60% taxes to fund the transition

removing negative gearing and the cgt discount won’t do anything tangible to aus property prices what matters is lending rules, being able to lever 10:1 using unrealised gains is the problem you can just get a new property for nothing each time the market goes up 10%

@DRTnky Why you need car lah, public transport too good

POV: When you realise that the average price of a brand new car costs $160,000 in Singapore And you’re only allowed to drive it for 10 years

@HangukQuant Did everyone stand up and clap?

Fun story: there was a day due to polymarket’s buggy order matching I had a Knight Capital moment and got filled on 50k shares of BTC up-down. I happened to be sat at the terminal, and I watched in horror. I couldn’t dump the shares without making a mess, and it was much better to let the hedging algorithm work through it gracefully (as best it could). Gripping 15minutes later, the market resolved in my favour and I was up a good twenty thousand. Next day, there were tweets about how “this bot went bankrupt”, and I am guessing that’s my counterparty. Oops.

@liquiditygoblin They have a vaccine to fix that now

i am so autistic

@0xMerp just needs a passive LP vault that has high rewards but keeps getting picked off.

@_RogueTrader somebody just needs to build it ontop of HL

boros experimentation, you cant really trade in and out of positions, realized way too late i was the entire orderbook for the top one, now i just have to sit here and take it until expiry, its kinda hedged tho hopefully the liquidity grows

@DeanEigenmann Wrong. This is the hack bridge tx. layerzeroscan.com/tx/0x1ae232da2… and this is standard bridge tx layerzeroscan.com/tx/0x11819854c… See how the bridge is the source of the transaction. You are incorrect. The bridge DID MINT new tokens.

@_RogueTrader Even if bug in the bridge contract, nothing was minted so there should be no bad debt

from what I’ve heard rsETH remains backed properly, what we saw was a private key compromise from a very large holder not a minting bug etc, haven’t checked myself so can’t tell for certain

@Versace_Trader @beniduboss It is “proprietary information”.

@_RogueTrader @beniduboss Beni doesn’t know what a load balancer is

I am trying to get more visibility on my posts so I am sharing my old trading alpha because that always does well Back when I was trading, WC, Sky and a couple of other friends spent a decent amount of time searching for tradfi entities, usually fintech and CFD providers, to abuse for our own benefits Many of you will remember the infamous ETH merge CFD abuse we carried on with @larpcapitalwc Today I’ll talk about something different Fun fact: I had 3 Swiss GmbH and 4 Estonian companies established in order to have access to this specific trade WC mentions in the quote tweet because Wise would black list you once they realized you were taking the piss. It’s a game of cat and mouse, I found things that made it difficult for them to spot me. Cayman and Hong Kong entities get you flagged immediately btw, ask me how I found out… There is good money to be made either by finding new platforms that may not have the best frameworks in their back end to spot toxic flow, or by simply finding new highly liquid pairs in Tradfi that get listed on chain For the former the tip is to focus on those startups that raised a bunch of money, because guess what, they can afford to burn some of it by offering deals that are too good to work in the real world, like allowing users to lock fx rates for 48h amidst a high vol event… For the later, I am guessing stuff got a lot more competitive since HIP-3 became mainstream. The old tip used to be to focus on pairs that few market participants would usually pay attention to on the venues you trade WHEN market participants pay the least attention to them (ex. Gold CFD on centralized crypto exchanges on weekends) I don’t want to say more because otherwise my friends might get mad at me lol But I can share a trade that I know is dead for non institutional traders When Bybit released the XAUT market, market participants didn’t give a flying shit or simply weren’t paying attention, which allowed me to do much better than I should’ve for much longer than I should’ve. The only explanation I could find was that it was a non-crypto listing which yes, usually means nobody cares about it, but in this case we’re talking about gold not some exotic fx product… I was max VIP on Bybit but I believe they had and still have unified VIP for spot and perps so it wasn’t a fee issue for those who rarely used spot markets either Regardless, I was ready upon listing and credit where credit is due someone was there quoting He just happened to be very bad at it lmao He was incredibly slow, as in I could pick him off manually just looking at IB mark price move type of slow. I made a terrible little automated strat that would hammer XAUT and PAXG back in line against IB. PAXG traded like 10$ below spot because of offramp fees or something so I added that in but I didnt do much volume it was far more efficient. For like genuinely 2 weeks I did much better than I had any business doing and I actually managed to get a bunch of volume in on XAUT, then it got more competitive and I think I pulled it a month or so after listing Here is the thing though, before HIP-3 people THOUGHT that Tradfi markets were completely closed on weekends and gold related perps would get a significant amount of volatility because MMs pulled quotes pushing the market far out of line at times Here’s the kicker, a bunch of protocols and CFD brokers offered 24/7 synthetic CFDs style markets, often called Weekend Gold CFDs. Spread was usually not great, but it didn’t matter since you’d only lift when there were large discrepancies I surprisingly enough was able to find such trades, across different pairs, basically until the day I retired. Some are still actionable, good luck TLDR: Same adage since the dawn of markets, focus on what others dismiss :)

@beniduboss I dunno. Some people on Twitter like to over exaggerate. Was just curious if you are a LARP or not 🤷. Claiming maxing Bybit VIP is easy to vet.

@_RogueTrader Fuck would I have to gain lying about that 😂 Yeah probably lol

@beniduboss But everyone lies on the internet, do you have email proof ?

@_RogueTrader It was given to me by the marketing team lol not volume driven Had same with Bitmex too

@omeragoldberg @solana Clanker slop. Half of this is wrong

1/ Drift's admin key was compromised. $213M+ drained from @solana's largest DEX in under 10 seconds. Unfortunately, we've seen similar patterns before: - fake collateral market - a manipulated oracle - disabled circuit breakers Let's break it down 👇 written w/ Chaos AI

@fozzydiablo Crazy people be lying on the internet

my friend just found a critical bug in a defi protocol with claude and just got paid 200k, took him 2 hours AI is improving fast

@SystemicStratHL The MEXC of perp DEX’s