Chief Golem

We love DeFi🫶 @hellochow @weremeow

@MeteoraAG @circle we do a bit of liquidity-providing on DLMM🫡🌊

Dynamic FX liquidity comes to Solana with EURC In collaboration with @circle, we're thrilled to announce the launch of $EURC on two new dynamic liquidity primitives: Dynamic FX pools and FX on DLMM Dynamic FX Pools Dynamic FX pools are composed on top of our Dynamic Vaults allowing LPs to earn lending yield and trading fees from both USDC and EURC. These pools will be an important FX flywheel in Solana. As FX liquidity in these pools grow, EURC capital will be available on any lending protocol we've integrated lowering borrowing costs for EURC, improving yields for LPs, and driving EURC adoption across DeFi. Check it out here: app.meteora.ag/pools/9Z9W39Pe… FX on DLMM Additionally, we've introduced our first FX pool on DLMM. FX LPs can now precisely concentrate their liquidity in zero-slippage bins for greater capital efficiency. This will also be a learning opportunity to see how our dynamic fees adjust to FX trading and what future improvements could be made here. See the DLMM pool: app.meteora.ag/dlmm/J5BwKjUTK… FX on Solana Solana is uniquely positioned to drive FX trading on-chain with it's low gas fees, high TPS, and a global state machine that can unlock new use cases that we haven't seen before. This is just the start. And, we can't wait to share some of the new things we'll be working on in this space.

interesting day for sophisticated actors in the perp dexs space.

who got carried out on yearn?

We do a bit of liquidity providing at @bluefinapp 🫡

@quant_arb Well the token loans are usually token only in the form of an option. You technically sell some of that inventory to maintain delta neutrality during the operation

@chiefgolem Spot borrow availability is often in these contracts, no?

It’s often misunderstood that there really are two types of market makers. Distinctly different business models. A short thread 🧵 💰 …

@Timccopeland Shared some insights here as well x.com/chiefgolem/sta…

Looking to speak to projects that have worked with DWF Labs and ones that they have approached feel free to DM

Ever wondered how fast L2s captured ETH TVL? Look no further👇

@KasperLoock NFA DYOR

The more I look into a specific market making firm the more I see a money laundering operation Hope they get their doors closed pretty soon but am afraid that will only happen in 3-5 years

@Haoskionchain yes and a market maker shouldn’t be an expert in PR, HR to say the least

@DumpWatcher it doesn't when the token loan option models are rolling on a shorter-term basis. Aligns incentives with both project and MM

Why do most altcoins trend to zero? Because the deal between MM and project teams works against tokenholders A thread on how MM dump on you Please like & follow for more 🧵 content by @DumpWatcher 👇🏼

@MatriXBT was about time

@chiefgolem thanks for this 👍

1/ 🧵 Lately, a narrative is spinning around an entity posing as a Market Maker, OTC desk & Venture firm. Many believe their actions don’t align with genuine market-making or OTC trading practices. Let’s take a closer look👇:

@TheDEFIac @ag_dwf haven't seen that but i can imagine it says DYOR NFA 🎢 at some point

@chiefgolem Good thread, there is 0 doubt that DWF is far from being an actual market maker. There is a podcast with them on yt that was done by gateio. I found it really funny, the way @ag_dwf explains market making is just funny.

@0xSoju 3 agree in public...

lol "quite rare to see multiple marker makers agree" its only 3 firms but still. good thread for the uninitiated (like moi)

@Marlonvb 🫡

@chiefgolem An excellent post sir 🤝

16/ It seems we have entities branding themselves as “Market-makers” blurring lines and creating a misleading facade in the financial space. After what happened with FTX and Alameda it's time to differentiate HFT and directional trading from Market Making services.

15/ Genuine Market-Makers play a crucial role by ensuring minimal price impact on the order books. Sadly, DWF’s actions seem to deviate from this, leading to a potential discredit to the industry.