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walter
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walter
@ringwraith10
cofounder @hypergambitx @embrdotfun || 🎓 @gauntlet_xyz
Katılım Aralık 2023
815 Takip Edilen4.7K Takipçiler
@CookerFlips the premarket just got massively bid up by speculation
at ipo the oracle would move immediately [drop] from the internal ema --> external underlying stock price [ipo]
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@ringwraith10 Can u explain further how this works, why such a divergence from projected valuation
Does it just crash if it ipos at 40-50b
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some tidbits on the CBRS preipo perp
- reference val is 49b, current perp val is 72b. max val [unless external change] is ~150b [5x discovery bounds of 25% each]. already hit 2 of the bounds
- avg funding will be relatively small, since oracle will update fast based on the book and tape. you can definitely feel the difference between 30m and 1h ema
- settlement on jul 30 by twap(may 1, jul 30) if CBRS doesn't ipo
trade.xyz@tradexyz
Introducing Pre-IPO Perpetuals (IPOP). The weeks before an IPO are some of the most consequential in a company’s price history, and historically, the least observable. Private market quotes are stale and gated and Public markets haven’t started trading yet. Peak interest coincides with an absence of prices. We’re introducing IPOP markets on XYZ to change that.
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@ringwraith10 Cross-exchange price averaging could help reduce mark price manipulation risk.
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simplifying mark/oracle/bbo prices for hip4 settlement will be important for onboarding
currently settlement is on the btc mark price, but smaller markets might not be able to reliably use mark price due to manipulability. polymarket just uses the chainlink feed
expecting some payout confusion down the road due to perps inherently having three prices, whereas polymarket only has one
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okay it turns out $150 is the IPO price, so it's now trading at 66% premium
And some people bought at 2x IPO price LMAOOO
sigma^2@SigmaSquared_
Can we please get a clarification from @tradexyz about the pricing methodology for pre ipo perps CBRS at $270, means the stock is at $27B market cap?
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Is there any single venue where you can hold spot/tokenized gold and short a gold perp?
Or generally for important physical commodities
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walter retweetledi
New on @LorisTools: RWA Perps Roll Calendar
WTI, Brent, and NatGas perp roll schedules (in both Time Series and Calendar views) for:
- Trade[XYZ]
- Binance
- Bybit
- OKX
- Dreamcash
- Felix
- Lighter
And corresponding expirations from the CME contract calendar.
Check it out → loris.tools/rwa/roll-calen…
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Robinhood margin rates start at 5%. $STRC currently pays 11.5%. No further comment.
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@yuzu_4ever ability was always there but the math social circles were not
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one of my brightest undergrad researchers never took calculus in high school. she speedran math after coming to ucla and is going to be 1st author on a paper. it's crazy to me that there are high schools in america that don't offer APs. there is so much untapped potential
Paul Novosad@paulnovosad
For every Math Olympiad team member, I'm curious how many kids are there with as much capability, but never had a chance to take advanced math, went to a school without a math/club team, never even knew doing harder math at their age was a possibility. Is it 10? 100?
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also means shorter time for orderbooks to refresh after market goes limit up/down via discovery bounds
previously ~2hr 20m for a 20x leverage asset like oil to hit the bound
now it only takes ~1hr 10m
trade.xyz@tradexyz
The Internal Pricing mechanism will be updated to use an EMA time constant of 30 minutes. This change will go into effect today at 4PM ET and will apply to all XYZ markets. One can expect the oracle to be more responsive, and for the funding to normalize more quickly during internal pricing sessions. To learn more about this change and how the internal pricing mechanism supports 24/7 price discovery, refer to our documentation here: #internal-pricing" target="_blank" rel="nofollow noopener">docs.trade.xyz/perp-mechanics…
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walter retweetledi
Since last summer I’ve been on and off hosting a Saturday poker in NYC. We are more active in the summers
Started with friends or friend of friend. Gradually it became a group of traders and engineers from Jane Street, Cit sec, De Shaw, HRT, and very talented crypto founders and traders. All my friends no strangers. Small buy-in friendly faf game. I can attest the IQ, autism, and competency is through the roof indeed.
As summer is around the corner, if you want to partake DM me on telegram
Alex Tabarrok@ATabarrok
I gave a talk at Jane Street once, smartest room of people I have ever met and I've been in rooms with multiple Nobel prize winners.
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The two kinds of RWA perps:
1. Assets where delivery time/location is basically irrelevant eg stocks.
2. Assets where delivery time/location is the asset
eg crude oil, power, gas.
The first kind is also the crypto use case - there is no “please deliver me barrels in Cushing in June” equivalent for $AAPL, or $BTC.
A WTI crude future, on the other hand is not just “oil exposure”. It is the oil + delivery month + delivery location + storage/transport constraints. A large fraction of OI has real physical demand behind it, and the shape of the futures curve is not flat.
This means that oil "perps" need hacks.
The usual hack is to not track "oil", but instead create a contract tracking oil at the next delivery data. Then periodically roll the thing you are tracking from front month to next month at the right time. This is roughly what most current oil perps are doing.
This means that ~usually~, the fair funding on an oil perp should be close to zero, because the cost of carry is already embedded in the future being tracked.
Unlike an equity perp, where funding is doing a lot of the work to tether perp vs spot, the oil perp is tethering itself to a futures contract that already contains the carry.
During the roll period, “fair funding” is not a stable number anymore. It can get quite large as the perp index starts transitioning between what are effectively 2 different underliers. This hasn't really been seen in crypto before.
Nice easy trade opportunity:
@QFEX's roll/funding behaviour starts earlier than other exchanges due to the 100 divisor in the funding formula. The fair value calculation is a nice exercise left to the reader.
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good read
most of the time there’s just nothing going on and the chop machine is just chopping
you just need to know what you want to see and wait until you see it, most of the time spent as a trader will be just waiting (like 90%+ lol) so get good at it or well you’ll be rekt
PiQ@PiQSuite
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@inversebrah majority of people have a less than stellar understanding of themselves
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virtues need signallin alway
it attracts mates (of every possibru genders)
video unrelated but smolting wanted to poast it for a while now lmeowww
Lukas (computer) 🔺@SCHIZO_FREQ
People somehow don’t realize that posting about how you’d pick the blue button online is totally different than picking the blue button in real life There is no actual downside to posting online about how you’d press the blue button But if this example were made real life, pressing the blue button means actually risking your life Everybody can pick the happy chungus meme option when there are no consequences, but if you think the results wouldn’t change substantially if people were actually staring down the barrel of the gun you’re just retarded
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I’m more interested to see the result of this poll than the original.
Red button kills 10 million random people around the world.
Blue button flips a coin. Heads kills 100 million people. Tails kills nobody
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@DeepDishEnjoyer round 3 of
sun open -150bps
mon open -50bps
mon close +50bps
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is it finally happening or is this weekend dump and pump number 37
Joseph Haboush@jhaboush
President Trump scraps Steve Witkoff and Jared Kushner’s planned trip to Pakistan to meet Iranian officials, per Fox News. “They can call us anytime they want, but you’re not going to be making any more 18-hour flights to sit around talking about nothing,” he tells @aishahhasnie
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