Helios.hl
@0xhelios
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chief degen @getaxal, on-chain exploroor
onchain
Joined December 2010
So how do oracles handle assets with no live price feed? They don’t pull data from Chainlink or Binance, there’s nothing to fetch. Instead, they aggregate internal market data: order book midpoints, weighted averages, and time-weighted prices from the exchange itself. These
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Think of pre-market tokens as occasionally priced assets (OPAs), things that only have a real price occasionally, like during the TGE or listing event. Until that moment, the perp market acts like a prediction market with leverage, compressing months of speculation into a single
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Traditional perps rely on a funding rate mechanism to track spot price. If the perp drifts above spot, longs pay shorts; if below, shorts pay longs. But for a pre-TGE token, there is no spot market. So what’s the reference point? Answer: there isn’t one. Funding is often
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By creating a pre-market, exchanges can: - Build early liquidity and hype - Let investors hedge their allocations or airdrops - Capture volatility before the main event (3/n)
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When a pre-TGE token launches, there’s no “real” asset changing hands. What’s being traded is expectation, a collective forecast of what the token will be worth at launch. Each trade becomes a small vote in a live prediction market. (2/n)
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Ever wondered how pre-TGE tokens are priced? There’s no spot market. No liquidity pool. Yet traders are already buying and selling it on perps. Let’s see how that’s possible and what those prices actually mean. (1/n)
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am-AMM: enables MEV recapture by passing large/ privileged flows through a manager (won through an auction) with special rules/ fees to minimize loss to informed flows. 5/n
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volatility-based fees: Bunni used a geometric fee structure so large volatile spikes in volume induce higher fees, which are then passed onto LPs. 4/n
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autorebalancing: instead of actively managing your positions, the protocol can trigger small swaps for you to keep your liquidity in range using the novel Uniswap v4 hooks. 3/n
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shapeshifting: they provided a one-step process that adjusts the shape (or distribution) of your liquidity according to new market conditions or personal strategy changes. 2/n
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really sad to hear this. was really a big fan of the product. here are some things they made using Uniswap v4 that really pushed the space forward:
Hello everyone, it is with saddened hearts that we announce the shutdown of Bunni. The recent exploit has forced Bunni's growth to a halt, and in order to securely relaunch we'd need to pay 6-7 figures in audit & monitoring expenses alone – requiring capital that we simply don't
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