Pinned
edge = trading with a long term mindset in a sea full of short term traders
- ex revolut team building perps ex citadel team building perps coinbase, robinhood pushing perps. wouldn't surprise me to see every other fintech app (maybe even gambling apps) following perps are a great business: - a perp is cash-settled; the exchange never has to source the
- on Plasma tge pre markets have shifted the dynamics of token launches. they give us price discovery on the demand side but not on the supply side. pent-up demand is visible in pre-markets, while pent-up supply remains hidden. this setup suggests that by the time spot trading
- here’s how the perp dex trade plays out: > every exchange spins up a perp dex > entirety of ct bids the betas of betas > euthanasia coaster fully in motion > people eventually get tired of the perp dex meta and rotate to something else > right when no one wants the next perp
- if you were not here for the Pantera or the first Theia OTC proposal to acquire metadao, you need to read this - this proposal by dba and variant means that they get to buy meta tokens at a 30% discount to current market price - it also means that current holders pay for thisI don’t think this proposal should go through > a discount to current price is not a good price > I like no lockups but I don’t like them getting a better price and also paying zero slippage > make them buy into the chart or pay a premium see you in the orderbook
- metadao absorbed more than its entire liquidity pool in sell pressure over the past 72 hours, plus an altcoin OI wipeout and a macro-driven btc pullback to $106k and we're still at a $150m market cap somehow. if you don't know what this means, I can't help you
- i really dislike when my positions become consensus. read the commentsmetadao
- I don’t think this proposal should go through > a discount to current price is not a good price > I like no lockups but I don’t like them getting a better price and also paying zero slippage > make them buy into the chart or pay a premium see you in the orderbook
- metadao ownership coins deserve to trade at a premium because: > have aligned incentives between team and investors > have onchain-enforced token holder protection > have claim on the underlying business IP > have right to revenues > have a price floor
- so are we not going to talk about the ex ceo of Barclays going on a twitter spaces with a bunch of anime pfps to shill hyperliquid
- funny story about ostium 3 years ago I caught wind of kaledora’s plans to build ostium. I tried to find a way to invest. we didn’t know each other, so I hunted down a mutual and asked for an intro we never properly connected. she still doesn’t know who I am but I have beenostium gold open interest has officially crossed $115M this is the most OI on gold ever recorded on an onchain platform and more than 4x the amount on HL PAXG
