Eren Yeager
89 posts
@postparadis
HYPE & Lighter Top Farmer, used to be kind of ok at math
What’s happening with $LIT? Why the fuck are we heading to a new ATL again? After the “massive” Telegram Wallet integration everyone was expecting data to explode alongside the price. Only the .lit bros actually believed that… and once again we were wrong. $LIT pumped to $1.2 on the news, then reversed and continued its favourite direction – straight down. The data is even more depressing. Zero impact on volume or OI. Lighter is still stuck in 4-6 place among perp DEXes. On the 25th – $562M volume and only $29k revenue. That’s not “competing with Hyperliquid”, that’s embarrassing. Right now, the Telegram Wallet integration looks like throwing sand in our eyes. The team needs to do something fast before $LIT prints another fresh ATL. Let that sink in.
Had a Jane Street Tokyo/HK interview in Dec 2008. My friend worked in Tokyo for them. He had an architecture phd from Todai and then somehow switched into quant trading. After the second interview, I realised I should’ve learned to code instead of recording Excel macros.
Last 10 years were to prove initial concepts for smart contract based blockchains. NFTs, Memecoins, early Perps DEXes all were needed to identify scaling problems that were required to solve before introducing useful application. 2026 marks a major shift in the psychology and adoption of the tech. We’ve gone from “promising” to “delivering.” The fact that systems like LayerZero, Hyperliquid, Solana, and more are able to hold up while doing significant throughput is a testament to the time, effort, and growth of the industry. For the first time during a global schelling point, the only way to get real “truth” is from DeFi (“what is the price of oil on weekends?”) This has always been the goal, and now that we’re here, it’s time to move onto the next phase. With systems like Zero and GTE, we will now have the same throughput and latency as legacy institutions, while maintaining all the benefits of DeFi. The scaling trilemma died a long time ago. People are just realizing it now. The institutions that are being build today will be around for 50+ years, just like the JP Morgan’s of early days. Relationships and infrastructure that will compound over decades are there, it’s just up to you, anon, to find them. If you could invest in JPM in the early 1900s would you have? What about the global marketplaces of the world? You can look to the past to find the answers for the future. History doesn’t repeat itself, but it rhymes.
BREAKING: President Trump says Iran is doing a “very poor job, dishonorable some would say, of allowing oil to go through the Strait of Hormuz.” “That is not the agreement we have,” Trump says.
there is billions of usd on sidelines wanting to lend in defi but the yields in defi are too fucking low can someone come up with a good yield product that can scale pls
Is there a way to earn more than 5% yield without risking 100% of the principal?
hiring quants to model loans against polymarket positions at @gondorfi - 3 to 5 yoe, tier-1 hft shops only (citadel, js, optiver, etc) - irl in nyc or can move - $180-220k + 1-4% equity $15k for referral apply below
We’re slowly moving away from HFT more into mid-frequency strategies, and it’s been one of the most profitable months we’ve had in years. I’ve heard other props are doing something similar. Interesting times for crypto trading.
haseeb, which % of your net worth do you keep in defi yield farms excluding private LP deals or anything that has a contractual agreement or anything talking about click connect approve deposit type of stuff, permissionless be honest
If you were Ken Griffin, how much would you pay Anthropic to do this? Feel free to round to the nearest billion.
Largely agree, couple of points though. Personally have never used OI for the $DRV bull case and haven't really seen too much talk about OI outside of the one screenshot going around. Definitely agree though; OI to options is like volume to perps dexes where it's just very easily gameable and doesn't really mean much. It will also swing wildly around expiries. Volume for options on the other hand is much more reliable. Incredibly expensive to "wash trade" options due to spreads and fees, which are paid on notional. I don't think it's a negative on if those positions are concentrated in certain expiries or structures though. Options are an inherently institutional product and I think @DeriveXYZ has recently demonstrated that they can deliver institutional levels of depth and pricing to the masses. I care quite a bit about DAUs for a perps dex, quite a bit less so here. Expect volume to be very top heavy. Fees generated, token buybacks, and therefore price, should be highly correlative to option volume, which is ramping up. Only metrics I care about are fees, fees/mcap, options volume, perps OI. I don't agree that, "the current setup is misleading", nor that @DeriveXYZ or @DefiLlama are intentionally misleading anyone. It's a valid metric, just not a very important one in this context. I still think the current setup is extremely bullish $DRV even after this recent run-up, but I fully expect wild price swings due to the lack of liquidity on the actual token. The illiquidity of the token (lack of current willing sellers) combined with the buybacks is actually a large part of the current bull case.
