SSLbyGooseFX

Been hearing about the term Perps or Perpetual Futures but unsure what they are? Today's agenda for this smol 🧵 - Introduction to Perpetual futures! Let's see what they are and how they are different from your general swapping ↓

1/ deBridge Points are here Everything you need to know 🧵

IT'S WORMHOLE WEDNESDAY! Intern is as excited about $W as everyone else, however it's crucial to avoid any last minute mishaps! Here's how 👇

Where are we at with SSL? I have been asked this question many times the past few weeks. Short answer: We are back into an R&D phase testing best strategies. Long answer: It became clear to us that during the most recent Solana runup with billions of daily volume that our current algo isn't tuned enough for exponential volatility and wasn't able to scale efficiently. Why is SSL so difficult? Well, we have 6 tokens and they all are intertwined pairs, so we have 𝐶(𝑛,𝑟)=𝐶(6,2) = 15 possible combinations of pairs that we can market make on. Traditional MM is already tough on CEXs, go one step further and do it on chain with oracles and it adds a new level of complexity. Now take it one MORE step further and do MM on 15 different token pairs in one combined pool, that is the level of RenTech, Citadel, Jump, etc. innovation. Why are we doing this? We are doing this because we want to build a brand new primitive for all of crypto. Most of crypto is repetition of infra/L2s/L3s or clones of existing products. We always envisioned something newer and better. Sure, we could've chosen the easy route and launched a Uniswap fork, had a points campaign, do a low float/high FDV token launch and ride off in the sunset. Instead, we chose to do things 100% organically and build a product that is a total product market fit in any environment (bull or bear). Don't get me wrong, I love airdrops/points as much as the next guy, but we don't build solely based on cycles. We want to build a behemoth that will last decades into any ecosystem purely based on being the best product on the market. Where do we go from here? Now we have a pretty refined system of backtesting, so we are changing some of our algorithm params and writing new strategies and testing them. What's the end goal? We want to capture a majority of Solana volume. The long term goal is we can add a lot of new tokens (PYTH JUP JITO etc.) without adding extra risk to the system and grow more volume. Maybe we'll create a memecoin SSL product in the future too, who knows! Possibilities are endless!

Theme 3: Time for Derivatives to Shine! Bull Markets → Higher demand for speculation We may very well see structured products and options making a comeback.