(Joe Clark)²

New paper from @opyn_ x @paradigm with @andrewjleone and @danrobinson arguing that *everything* is a power perpetual. research.opyn.co/everything-is-… What do we mean by "everything"? - Stablecoins (@MakerDAO ) – power 0 perpetual - Margined perpetuals (@dYdX ) – power 1 - Spot lending (@aave) – power 1 - Constant product AMMs (@Uniswap ) – power 0.5 - Geometric mean AMMs (@Balancer ) – powers between 0 and 1 - Options (@ryskfinance, @lyrafinance) – combination long power 1 and power 2 - Variance swaps (@volmexfinance) – combination of long power 2 and short power 1 This means that pretty much the whole of defi is a power perpetual, or at least power perpetual-adjacent. How how do we justify the "Everything" claim? ▼▼▼

@captgouda24 Have you ever considered enrolling in a PhD program to pursue these interests?

I have made over 250 threads about papers in economics, which you can browse on my website here or in the twitter threads catalogued below. What have I missed? What should I cover? Tell me your favorite papers! captgouda24.github.io/nicholas-decke…

@Noahpinion Explains why he’s so salty about it

I just tell Claude my desired conclusions and it makes me a mathematical model that supports those conclusions, and calibrates that model to whatever. Claude has fully replaced Acemoglu's job

@KhoaVuUmn Add institutions and stir

Let me guess "institution"

They go 27 we go 28

@zmanian Some brutal comments there. I feel sorry for poor opus 4 1/2 he was doing his best with the technology of his day.

Today is the day of having Opus 4.6 and ChatGPT 5.3 audit all of Opus 4.5 and ChatGPT 5.2’s code…

@captgouda24 It wasn't so easy to invert (X'X) with vacuum tubes!

Unregretted lines of code should be the metric

I can't stay mad at him

@antonttc word

Something came to my mind recently during a casual chat: "Build for humans, not users." It's weird to say this, but I think I just really hate the word "users" now. User experience here, user test there. I think this word somehow makes people in tech have this mindset that "users" are something vague that represents company growth, KPI, revenue. And what's even worse is that we're making them "the targets". Big tech companies treat users like shit, grab their attention and sell them ads. Crypto is just worse in general, most "products" are just throwing in extra incentives and encouraging people to gamble. I'm not here to get "users" for my product, I just genuinely believe what I build is good for a human being who respects their own financial freedom. I know quite some "monarch users" that reached out and asked for new features. I just consider them friends who appreciate my work, and I tend to value their opinion more than anyone. What I can promise is I will keep building, cuz I like creating software that has some cool meanings and spirits behind it. DeFi is the biggest movement I could see coming, privacy might be the second wave. I just want more humans to learn them, not users.

@alz_zyd_ This closely reflects my experience as a portfolio manager

A beautifully written 2-page paper on selection bias

If everything is fine, then don’t change anything at all. But when the financial system isn’t working for so many people in the UK, it needs to be updated.

oh, i get it now. the reason for docker is because it's literally easier to bundle an entire operating system than a single python package

@0xthegipper @0xPolygon nice!

at a period in my life where i’m really into closed, two dimensional shapes. thrilled to have joined @0xPolygon 💟

@fengtality Lps going to get roasted

Another day, another @coinbase acquisition 🔥. We're thrilled to welcome the leadership team at @opyn_ to help us build the next chapter of onchain markets!

The future of finance is onchain. We're welcoming the @opyn_ leadership team to help us build it. Faster, more transparent, and more accessible markets—for everyone.

coinbase has been acquiring so many teams recently, defi, social, infra.. opyn is the latest one. i m old enough to remember squeeth, haha idk if all of this would work or not but well they are at least acquiring great talent and if that talent retains hunger, its perma bullish

The @coinbase team continues to execute on strategic M&A moves by acquiring @opyn_ Coinbase clearly understands that DeFi options are going to be very important in the future finance system.

Verified Pools was just the beginning. More onchain infrastructure means faster, more transparent, and more accessible markets. Acquiring Opyn Markets’ leadership is another step forward on that path.

Excited for @andrewjleone and @alpinechicken to join us from @opyn_ and help accelerate our Onchain Markets efforts! Still day one in bringing the world onchain! 🚀