alphaomegacat

Just came back from another amazing @solana event. Huge thanks to the @SuperteamBLKN crew for having us and for the invite. Came to Belgrade with @acta_markets for a couple of Roast sessions and Demo Day. Really helped with the positioning and explaining options to non-traders. Big shoutout to @JosipVolarevic2 and @vidor_solflare for the product feedback and suggestions, and to all the Superteam members and judges they invited!

We are building an RFQ; there is no need for an order book for now. - Building a habit for yield seekers (DATs, Whales, holders of LSTs or major tokens), - Building Managed Vaults so people could deposit into Convexity trading without getting out of the exposure of the underlying token - Allowing to trade in RFQ (hedge, directional bet) We can make it compatible with perps/lending and connect it to the orderbook only after there are a sufficient number of yield traders, vault managers, and traders Feel free to read an article on this topic x.com/alphaomegacat/…

options is going to be hard on any chain, because there's just so much data. For each spot there's N futures, for each future there's M expiries, for each expiry there's K strikes, for each strike there's a full order book. That's partially why perps are a thing, because traditional futures are just too large.

Solana will win perps Solana will win spot Solana will win lending Solana will win prediction Solana will win on every vertical, and each win will compound because users want everything in one place, not in dozens of disparate apps and chains. Bridges are where UX goes to die.

@vidor_solflare Imagine buying a put option on Carnival or Royal Caribbean on Solana.....

Where can i short cruise ships?

Distribution and Opportunity information can be derived from a Compute Market once compute becomes tradable through derivatives on it (options) and conditional execution contracts. info they are providing - implied volatility - risk-neutral probability of future price ranges - cost of hedging specific outcomes - demand for upside/downside protection - forward expectations around events/outages/force majeure you name it Hashrate/compute derivatives would produce similar information for machine resources: forward price of compute, scarcity of GPU-hours, value of burst capacity, energy-window risk, and the market price of training/computation uncertainty. As an example we can use calendar spread option: simultaneously buying and selling GPU options for different time periods (July vs September) to hedge seasonal compute cost fluctuations new standalone market primitive, options on Solana:)

@alphaomegacat @acta_markets what kind of information does that produce?

Writing an article on information markets. If you’re building any of the markets below, reach out if you want to get featured or share feedback. - Decision Markets - Opinion Markets - Attention Markets - Opportunity Markets - Hyperstition Markets - Combinatorial Markets - Distribution Markets - Quantum Markets - Impact Markets - Scalar Markets - Claim Markets - Path Markets - ... and others i might have missed Salud!

@ceterispar1bus @perps wen @ options on solana?

how does solana keep getting these handles @perps

@mert @Mamba248x Why do you think that only perps matter? Solana is sitting on a pile of idle capital (50b+) that can start working with options Derivatives are not only about perps but also options, and they can both boost each other. One spreading risk across time and 2nd is a directional bet

@Mamba248x what's another onchain perps dex on solana right now that can use help? *execution must be fully onchain

Solana foundation cracks me up. Pushing a $1.4 mil total open interest Solana perps platform(that they're invested in) like crack addicts after a $300 million Drift Solana hack. They also don't truly realize all of the real traders have left for HL or have zero'd out their accounts on Solana trading dogshit scams. All that's left are farmers. If they had focused on this 3 years ago I would have very much supported it, but they were distracted with whatever was hot at the time. The funniest part being NFTs were the biggest use case for the chain and they didn't support that either until it was late in the game. Then they supported stuff like Drip lol(you know why). How are compressed NFTs doing? Now, they believe they will solve technical problems and traders will come rushing back to Solana. I am positive this is how they're thinking. The root of this problem is that none of them actually trade, the same way none of them were in the trenches and why PUMP(a non Solana native team) came in and demolished all the Solana teams. Solana is the best chain UX wise, but man oh man what a clusterfuck of underdelivering with a winning hand.

@0xcyph3r yup, dm me

@alphaomegacat ser, can i get any Invite code ?

@_SmokinTed Yup, most likely. But sometimes, only that 1% is the target audience to reach out to the other 99%:)

@alphaomegacat personally quite bullish and great article, unfortunately 99% of people here will never read that

@ministryofdefi @RobinhoodApp Step 2 - expanding derivatives stack. Step 3 - intergration into other products

We went from “buy shares” to “buy calls” over the past cycle. @RobinhoodApp normalized leverage, short-dated convexity, and option gambling as a retail product. Feels inevitable that crypto follows the same path. Perps were step 1. Crypto options are probably step 2?

@Azrangar ty sir. Any thoughts after reading it?

@alphaomegacat Comprehensive read

@neuralunlock You forgot one "We are not investing right now in XXX" Which means - We will watch your deck and data room numerous times, and after a couple of months, make an announcement that we are investing in our employee/partner/cousin to build same XXX

VC translation guide for the uninitiated:  - “Too early” -> I don’t have a reason to pass - “Not enough traction” -> I am going to kick the can down the road - “Can’t lead but will write a small check” -> No conviction - “Who else is in the round” -> I have no faith to diligence this myself - “We’re not investing in this category rn” -> I don’t believe in what you’re building Look for partners who have real conviction, agency, and independent thinking. These are the ones you want in your corner in hard times.

@ramzyyalii options-based structured yield protocol on Solana to expand its derivative stack - @acta_markets

The RWA conversation is stuck on T-bills and low risk / reward vehicles. The PMF for DeFi has always been the financing stack. payment financing repo and sec lending CDS (single-name and index) total return swaps IRS and OIS CLO equity and mezz variance swaps autocallables and dispersion etc... This is where TradFi yield lives and the DeFi mosaic can finally be realized Builders Unite 🤝

@andyyy Stablecoins, derivatives*, tokenization, and vaults. The Big 4.

Stablecoins, perps, tokenization, and vaults. The Big 4.

@zCase_ We at @acta_markets allow Solana users to earn upfront yield on idle assets like LSTs, Tokens or USDs through simple option strategies without getting out of token exposure.

if you are building, drop your projects down below👇

ngl this one feels huge! invited as a judge for the @colosseum frontier hackathon 🫡 been over 3 years in the @solana ecosystem & hosted 6 local build stations with @superteamde hundreds of teams supported along the way excited to see what the next wave of builders ships 🚢🔥

no wonder the dumbest college kids all want to do VC, it is literally a playground of lobotomized monkeys

@CryoPalmar Imagine they could start using on-chain options to cash out or simply earn yield on their exits without harming the SOL price...

@alphaomegacat Oh yea ofc 😭😭😭

Great to see pump resolved the issues they experienced