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Derek
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New updates are now live on Wurk for job creators and Wurkers.💫
Visit Wurk to explore all the new features.
Here are the major updates:
• The Creator Dashboard now has a cleaner and simplified design, making it much easier to organize and manage submissions.
• Improved Template Management. You can now manage job templates more easily, edit them, and add attachments. We’ve also added several new public templates.
• Job creators now have access to a blacklist feature. Users added to the blacklist will no longer be able to join your jobs. This can be managed directly from submissions in the Creator Dashboard or via Profile → My Jobs.
• Job creators can now pay for jobs directly using their platform balance with either SOL or $WURK.
• New Earnings page. You can now clearly track all your Wurk earnings, separated by jobs, referrals, vault rewards, and tips + charts to see your progress.
• 2 new quick jobs options
• Vault distribution frequency has changed from every 3 hours to every 12 hours. Nothing has changed regarding the reward structure itself. The previous frequency was simply too high and didn’t make much sense operationally.
• Job creators can now use previous jobs as an excluded list for new jobs. This is useful when relaunching a completed job while ensuring previous participants cannot join again. You can use up to 5 previous jobs as exclusion references.
• We removed the separation between social and custom jobs. Everything is now simply called “Jobs”, all available on one clean page with filters for easier browsing.
• And several smaller fixes and improvements to enhance the Wurk experience.
Start earning now at 👇wurk.fun/?ref=0RP2KAN
English
The crowded trade problem is one of the more counterintuitive risks in markets.
The common assumption is that if a lot of smart people are in the same position, that position is probably correct. The analysis is sound, the thesis is well-constructed, and broad agreement seems like validation. But what crowding actually does is change the exit dynamics entirely.
When everyone is on the same side, the position works until it doesn't, and when it doesn't, the exit is simultaneous. There's nobody to sell to except other holders who are trying to exit for the same reason. The fundamental thesis can be completely right and the position can still produce a painful drawdown purely because the unwind is simultaneous and there's no incremental buyer to absorb it.
The most dangerous trades in crypto are the ones that feel safe because everyone agrees with them. The consensus is often correct on direction and catastrophic on timing, because the consensus getting in is what makes the eventual unwind violent.
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