Ben Sheehan
4.8K posts

Ben Sheehan
@bshee1102
Writing in Elixir, living in DeFi CTO @parsec_finance Founding member Vermont American Spirit Cabal


My next longevity experiment: 5-MeO-DMT.

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!

Update on silver perp market liquidity one week later (order size possible <=10bps slippage): >@Lighter_xyz XAG-USDC: $144k >@tradexyz SILVER-USDC: $1.22m >@felixprotocol SILVER-USDH: $1.60m Still the top venue to trade the metals supercycle. More metals incoming




@AlexiLalas It is not delightful living in MN at this moment 😔😖










