Imperial
560 posts
@ImperialPerps
Smarter Triggers | Superior Swap Routing | Clear & Correct PnL Join the Empire
talk on solana perps is weirdly mid curve the validator client, the scheduler, and microstructure are 90% of the focus but those, even if executed perfectly (they won't be) are entirely insufficient HL is already the leader to compete, you can't just match what exists, you need to be at least 5x better on a set of dimensions that matter for the end user while also catching up on distribution the non-academic problems are much, much harder to solve for than geeking out on engineering design
I ride or die with @MadLads .
I use @ImperialPerps every damned day. One of the reasons I love it is normal Take Profit triggers screw you if you guessed directionally right but aren't around when the big price run happens and you miss like 80% of the potential gain. Try a Ratchet Trigger instead. It's a take profit that chases the price up (or down). Try it out either as a Limit Order in the Pro Tab or as a trigger through the normal "+" field after placing a new Position. Here's how it works: You set an initial worst price you'll accept for an exit (similar to a take profit) and a ratchet size. Here we are using $73,250 as the initial, and a ratchet width of $500. This means the drag begins when price hits $73,750 since this is a long pictured below. When the price reaches the drag price, the initial worst price is dragged "up" to a new "current worst" continuously by the drag price in a trailing fashion. As the price reaches new highs, the current worst will always be $500 behind at most, maximizing your profit, as opposed to a take profit that would've kicked you out of the trade possibly right before a major run on price. If the price goes down instead of up, the "current worst" is held in place, and if the price intersects the current worst, it triggers the close of the trade. Reverse this logic in the case of shorts.
