4God

@chameleon_jeff @HyperliquidPC Do not compromise the integrity of the platform by allowing pay-to-win situations. Coloc, gatekeeping of data and dedicated feeds are things used by mafias in tradfi. Don't bend before them, please.

I spent the past few days in Washington with @hyperliquidpc meeting with policymakers during the historic advancement of the Clarity Act. We discussed Hyperliquid, the benefits that it offers to American consumers, and the regulatory path to bring onchain derivatives markets into the United States. Some conversations were technical with an impressive baseline understanding of Hyperliquid. Discussions included how onchain trading is a financial innovation that has clear global user demand. Other conversations focused more on a first principles introduction to defi and the promise of onchain markets. It was encouraging to see bipartisan support for thoughtful regulation of crypto. I look forward to continuing discussions in DC and working hard to make American access to Hyperliquid a reality.

... He is vibecoding the app. Wonder why the matching engine is so mediocre?

@0xLoris Which model do you use for the surface? Would be good to have the market points on top of it.

pardon me sir your vol surface appears to be twerking

@HangukQuant @devjoshstevens @mustafap0ly KYC for latency racing is a joke really.

Hi @devjoshstevens , @mustafap0ly An additional footnote about colocation has appeared. I don’t like to have read about new updates by scrolling through complains on discord. The aforementioned “will do better” on transparency is not being executed well. I would not like to put my passport details in a Google Doc. Please arrange proper KYC procedure. Please do not ask me to “email” individual members of the team. (1) There have been attempted scams, and (2) even when explicitly asked to reach out - and when I did - there was no reply. I am stupid but I am not a single cell protozoa. Please treat users with some respect. Thank you. I appreciate the recent efforts to improve user and developer experience.

@pizzintwatch @BagsHackathon @BagsApp It's really good to be honest, keep up the good work

Huge thanks to @BagsHackathon @BagsApp. We’re using this to keep scaling Pentagon Pizza Watch into the go-to geopolitical risk layer for Polymarket and researchers. Better data feeds, stronger infrastructure, and more coming soon.

@ikarusz26 If you price 50/50 @ the target you probably need to revise your algos..

Interesting to see so many inefficiencies on Polymarket’s 5m markets lately. Normally when price is at the target, odds are 50/50. But I’ve noticed it sometimes skews 65/35 one way even when price is right at the target. Maybe MMs are sitting out until the fix on Monday?

@variance_lover So to resume, you are supposedly a big player you need to be taken care of ? Despite the quality of the platform I strongly disagree with such "crybaby" post. As much as the game is unfair it is unfair for everybody. Now what's next ? Pay for colocation ? Cmn

I’ve been one of the biggest market makers on Polymarket for a long time. At peak I was doing $10M+ daily volume and paying thousands in fees every single day. The current state is the worst the platform has ever felt. Ghost fills still everywhere. Markets constantly breaking. Payouts randomly missing. Exploits going on for months while the team says “it’s fixed”. You spend more time defending against bugs than actually trading. Meanwhile, communication is a joke. They say “we’re listening” → ignore emails, ignore DMs. They say “we’ll work with top users” → instead it’s random private Telegram groups with whoever shouts the loudest. They say “issue fixed” → it clearly isn’t. At some point you stop believing anything they say. The fee situation is another one. If you’re generating serious volume and paying serious fees (thousands a day), most exchanges shower you with attention and perks. I'm not asking for that but would be nice to at least be acknowledged that you exist and have basic communication, especially after they've announced publicly multiple times that they will start doing this. Instead we got a week-long hype campaign for a “big update” that turned out to be… a hidden fee increase. How dumb do you think your users are? And then stuff like April 5th, missed referral/rebate payments, no announcement, no explanation, nothing. Just silence. That’s not a bug, that’s trust damage. The bigger issue is it feels like nobody on the team has actual trading experience. The design decisions show it. Every update introduces new edge cases, new exploits, new ways to break the order book. People have made many millions exploiting this stuff. Many of these accounts are obvious, trackable, preventable. The community has been pointing it out for months. Ignored. Only now that the markets are borderline unusable does it seem like there’s urgency. Right now the platform is honestly close to untradeable: – ghost fills – manipulation – unreliable payouts – constant bugs – zero transparency And surprise, volume is dropping. Meanwhile Kalshi is catching up fast (have basically overtaken in volume in almost every category except for politics) and Hyperliquid is entering with a team that actually understands trading systems. I want Polymarket to succeed. And yes, maybe the upcoming ghost fill fix helps. But if this pattern continues, terrible communication, fake timelines, ignoring core users, then this won’t be a place serious traders stick around. You can’t build a market while eroding the trust of the people who provide the liquidity, especially not as a many multi billion dollar company! I have spoken to many large polymarket whales (of which a considerable amount have already given up on the platform) and they all share this sentiment. @Polymarket @mustafap0ly @SuhailKakar @_kanarazu_

@VivekVRao1 It's not faster. You do not control precision. In a nutshell, academic mastu

github.com/vivek-v-rao/im… I used Claude and Codex to write C++ code for the Schadner method and did not find it to be faster than Jaeckel's rational method, but maybe I am doing something wrong.

I honestly prefer the Jackass approach (Jackel 2014). Do not like the guy but his approximations are on point. If you add clever optimization it goes down to sub-us easily.

@Bdaroca_ @tleilax___ This has never been the bottleneck.

@tleilax___ Does this make real time volatility surface recalibration feasible?

Wolfgang Schadner, a Swiss quant, found the closed formula for the direct inversion of Black & Scholes option implied volatility ! Everyone has been using root search for ~50 years and his formula is fast. More elegant result, as no boundaries or starting value are required. You still need somewhat of a root search in the inverse Gaussian quantile, or use a smart approximation ;) Then it is down to single digit microseconds. w-schadner.com

@sagitz_ Next time just do git clone it will be easier

@vydamo_ Maybe in Rupees yes

8 figs is actually the low end for a mid level employee at jane street usually it's 9

@thsottiaux @tracy_codes Stop restarting limits and act like you are doing anything good for the end-user. If it's a true gift then do not reset the refresh date with it. Otherwise it's just a user uniformization in disguise.

Hello builders. What are we getting wrong with Codex, what can we improve?

@KrisAbdelmessih Well I had a CFA who told me that you could gamma hedge a position on SPX with gamma on BTC. Like someone "selling gamma" does not depend on the underlying... sigh

I don't want to dwell on the individual here who I don't know but the posture of this tweet sparked some thought about the nature of trading...

@0xLoris I am already long thank God!

the thesis is pretty simple when everyone is consuming ~free slop bowls made and delivered by robots and binging ~free netflix for >50% of their waking hours there will be a dire shortage of purpose & meaning people find meaning in religion, absent other other productive sources long the lord

the best asset class for a post-AGI world is religion financial advice: long Jesus

@liquiditygoblin MM using diffusion for 0DTE ? Tell me where they are! That's a specification problem, vol no longer matters in those regime.

when fitting curves on short dated options, do you fit to the bid / ask respectively and then take the mid of the vols? or do you take the mid of the prices and then take the vol of that? what if neither will give you the full picture? a thread on fitting 0dte curves🧵 1/11

@thsottiaux If it's truly a gift, stop resetting the date along usage.. otherwise it's not

I realize yesterday’s Codex reset came in a bit at an unfortunate time given the last one was almost perfectly a week ago. To really celebrate the 3M I’ll reset again tomorrow. Thanks for the feedback!

@SuhailKakar I want early access dog

we are shipping the biggest upgrade to polymarket's exchange stack ever new contracts, new clob/order book, new collateral token (polymarket usd), builder codes and builder fee collection dm me if you want early access to test

@KyleDeWriter What are you talking about... Those resolve on the daily close price...

Polymarket uses Pyth Data for Gold, Silver and ETFs daily markets Public API data has 400ms delay, which is still fast The ones who may outperform you are those who purchased $10,000 for Pro Version with 1ms delay Take Pyth public API, integrate chart and rent a server for a few bucks Extract thousands of profit each day after fighting for liquidity This would worth you a few hours of vibecoding or minutes spent with experienced coder

@bbrizzzzzz @Polymarket Don't do anything stupid by giving an unfair advantage to actors that pay you. The Lambo is tempting but do not fuck the platform. That's Bugatti money

Thrilled to announce I’ve joined @Polymarket to build out Institutional Liquidity Sales. Prediction markets are reshaping how the world prices information. I’ve spent the past 4.5 years building out Coinbase’s institutional and retail products and I’m stoked to bring that knowledge to the future of information. If you’re trading in prediction markets or building in the space, my DMs are open. Only up from here!