Doug Colkitt
@0xdoug
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Founder @ambient_finance Founding contributor @fogochain Ex: Quant
Joined August 2021
We made a perp dex. You should check it out. Now in @FogoChain testnet.
The greatest onchain perps experience has arrived on Fogo Testnet. Zero taker fees. CEX-grade UI. Gas fees? Nada.
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Waymo can offer aging adults a safe, accessible mobility option that provides independence without needing to drive.
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"If we didn’t sandwich attack all those people, and steal their money, who even knows what might have happened to them. They might have even been sandwiched and had their money stolen. So, at the end of the day, who can say"
@amazon Defense: You are telling the jury this is so nuanced you can't say if you raised the price Yakira: You don't know what the alternative would have been - it could be worse for that user. Defense: You profit at the expense of the middle trades, right? No
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bring your poison & come listen to @0xDoug chat about the Perps conundrum & the Fogo + Ambient arsenal for traders. 5pm UTC. Tomorrow. Streamed right here on X. Ft. @cookerflips
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Seems like there should be funding rate swaps for XYZ100 perps covering the cumulative rate over the weekend. This would allow farmers to lock in their exposures and reduce risk, while allowing speculators to directly engage in price discovery on funding without exposure to QQQ
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PSA: Introducing FPL Tokens $FOGO and native minted tokens on the Fogo L1 will be labeled FPL tokens to avoid confusion until most wallets provide support. You will be able to connect wallets such as Phantom, and provide your SPL wallet address to receive FPL tokens, but you
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Important distinction below for those wondering why your Fogo balances won’t appear in your @phantom et al wallet Day 1. Reach out to your fav wallet provider and ask them to add @fogo /FPL token support.
PSA: Introducing FPL Tokens $FOGO and native minted tokens on the Fogo L1 will be labeled FPL tokens to avoid confusion until most wallets provide support. You will be able to connect wallets such as Phantom, and provide your SPL wallet address to receive FPL tokens, but you
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Can we get a prediction market on who the actual prediction market of the NHL is
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Ready for a fluoride-free toothpaste that actually works? Introducing NOBS Toothpaste Tablets with just 13 ingredients like nano hydroxyapatite to remineralize enamel & fight sensitivity It’s everything a toothpaste should be, without the BS (get it?)
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No matter how impressive your career, it’ll never be as impressive as Dr Wendy who has managed to work at Binance, Hyperliquid and a16z all within the space of a single year
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Gold is very dumb, it is like SPX but dumber. The market is segmented into 3 major exchanges - COMEX, LBMA (London), and Shanghai There are some smaller OTC markets like India, but those don't really matter that much
Do you guys want a primer on the gold market, I'm bored at my friend's house and upset
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One of the historical problems with gold is cost, delay and risk of transport. Gold in the financial system inevitable centralizes at a single location. Usually London. Gold is a bet on the long term stability of the UK. Crypto is only a bet on the resiliency of the Internet
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Ambient is changing the Perps DEX landscape. Hear from @0xdoug on the latest episode of @_choppingblock.
vibes: rekt. facts: $19B+ liquidated, OI sliced, depegs, ADL chaos. solutions: onchain clearing + real insurance funds (we explain) episode ft. @0xdoug Timestamps 00:00 Intro 01:11 $19B+ Liquidated 04:35 Personal Experiences & Reactions 08:30 Understanding Auto De-leveraging
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I think it should be mandatory that all future presidential candidates should debate Robert Chang
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Great episode with Chopping Block about Fridays flash crash. Tune in
vibes: rekt. facts: $19B+ liquidated, OI sliced, depegs, ADL chaos. solutions: onchain clearing + real insurance funds (we explain) episode ft. @0xdoug Timestamps 00:00 Intro 01:11 $19B+ Liquidated 04:35 Personal Experiences & Reactions 08:30 Understanding Auto De-leveraging
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Emergency episode to cover the massive crash on Friday! In tail events, all our market mechanisms get tested for real. We break down with the great @0xdoug why everything broke, why hedges failed, WTF is ADL, and who were the ultimate winners and losers ⤵️
vibes: rekt. facts: $19B+ liquidated, OI sliced, depegs, ADL chaos. solutions: onchain clearing + real insurance funds (we explain) episode ft. @0xdoug Timestamps 00:00 Intro 01:11 $19B+ Liquidated 04:35 Personal Experiences & Reactions 08:30 Understanding Auto De-leveraging
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ICYMI: Fogo Sessions Gasless. Wallet-agnostic. Security-first. Trading, as it should be
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Only four undefeated teams left after Week 10! Caleb and Josh Downs dive into this trending topic in college football and whether Ohio or Indiana will claim the best in their conference on the newest episode of Downs 2 Business. Episode out now! Sponsored by @google
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Interesting hangover from Friday night's liquidation, and one that goes to the discussion about the difference between HLP and LLP... The Lighter vault appears to be trapped in a YZY short since Friday night. LLP makes up nearly 100% of the OI in the market. Even if it tried to
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Doug Colkitt breaks down how ADL works on perps exchanges “ADL does two things, it forces people out of positions when there’s no one willing to sit on the other side as them and it protects the exchange from losing money” “ADL doesn’t happen unless shit hits the fan”
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The cascade, flush, Binance, Delta neutral trading, those who farming dex’s for points, leverage built up and comparison to 2021 flush, good discussion from @notthreadguy and @0xdoug , enjoyed the whole session 🙌 After watching the whole session feels like it could have gone
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