post rich
@0xpostrich
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rugged by ftx / thesis-driven investor & farmer, backed by napkin math / public tools @blmrce
Joined February 2023
5 Year $AAVE Token Holder: I think I'm done. I can't stand how tedious things have gotten, when they really shouldn't have. Ever since Labs were caught out diverting $5.5m in fees by an independent delegate on Dec 11, $AAVE has lost more than $1.5b in market capitalization.
As the Snapshot for the $51M "Aave Will Win" ask drops tomorrow, take a look at our Audit of Aave Labs' performance and their ~$86M in funding they've received to date. This deserves the community's full attention before any major decisions. Read the full post here:
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Nado Points Boost: Trade newly listed XAG market for a 4x points multiplier on maker/taker trades. Next week taker drops to 3x. Team has stated they'll continue rolling out new equity/commodity markets going forward. Outside of Vari/Ext this is my most bullish crop.
Silver (XAG) perpetuals now carry a 4x point multiplier through this week's snapshot. Points are earned through trading and market making. After this snapshot, the multiplier steps to 3x for takers and 4x for makers into the following week.
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Comparing upcoming tokenless perp DEXs to Hyperliquid is comical. You’re expecting too much from these venues post-TGE. Even with pre-emptive token buyback models, the token will likely underperform. I’d be very surprised if they sustain even half of the stats they currently
Huge congratulations to TradeXYZ and S&P for this historic partnership. I'm honored that these teams choose to build on Hyperliquid. Seeing official S&P500 perpetual futures launch exclusively on Hyperliquid is a validation of everyone's past years of hard work: global access to
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Lighter Airdropped Over $700m Don't dunk on the hand that feeds you Also, stop farming D-tier projects in hopes of $LIT like returns. Identify quality early, don't just farm everything because its a new shiny product.
$LIT weakness is bad for farmers Make no mistake, Lighter is arguably one of the best perp products after Hyperliquid. The airdrop was extremely profitable, airdropping >$700m to users. Lighter still trumps almost all upcoming tokenless perp venues in volume, open interest, and
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Dymension Raised $6.7m Peak mcap → $1.2b Current mcap → $18m Now down 98%. Another outrageous low-float token, team absolutely ate. Airdrop was actually good lmeow.
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FTX estate sold Anthropic shares for $1.3b which are worth $30b+ billion today What most aren’t telling you, he used customer assets to spray and pray that FTX venture book
@Fityeth The lawyer who filed FTX for bankruptcy said Anthropic was worth "nothing" and sold the stake for $1.3b.
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Variational $2k Challenge Points: Pushed more volume this week to see if it made any difference. Stats below: - $66k volume - $12k avg OI - 2.22 points = 1 point per $29.7k volume Last update I earned 1 point per $4.1k volume, so I was clearly punished for pushing
Variational $2k Challenge Points: Barely did anything apart from adding/closing positions on last points day. Stats below for this week: - $10k volume - $9k avg OI - 2.41 points = 1 point per $4.1k volume I held 6 positions throughout the whole week. Could've added
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$LIT weakness is bad for farmers Make no mistake, Lighter is arguably one of the best perp products after Hyperliquid. The airdrop was extremely profitable, airdropping >$700m to users. Lighter still trumps almost all upcoming tokenless perp venues in volume, open interest, and
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My Nado Points: Continuing to farm points on the underfarmed Kraken perp DEX. Stats below: - 1,098 Points - $2.5m+ Volume = 1 point per $2.27k volume Only 9.1k users collected points this week, down from 9.7k. Some alpha, Nado will add Oil and Silver markets at the
My Nado Points: Great farming week-over-week, continue to farm the Kraken perp dex. My stats below: - 914 Points - $1.9m+ Volume = 1 point per $2k volume Last week I earned 1 point per $1.72k volume. This week was pure volume. What I did this week - Avg hold time 2hrs -
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My Variational Points: Similar points, was focused on other farms. Stats below, not including any ref points: - 57 points - $750k+ volume - OI $300k+ - OI/Vol 0.4 = 1 point per $13.16k volume Last week I earned 1 point per $16.4k volume. As always, delta-neutral. Vari side
My Variational Points: A dip which was expected due to cutting back exposure. Stats below, not including any ref points: - 61 points - $1m+ volume - OI $320k+ = 1 point per $16.4k volume Last week I earned 1 point per $14.7k volume. As always, delta-neutral. What I did
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DEX vs CEX Perp Trading Volume: MoM futures market overview, DEX perp volume fell from $973.19b to $763.81b in Feb. DeFi share: 15.65% (Feb) vs 18.98% (Jan) The majority of perp DEX venues saw a drop in monthly trading volumes, unlike Hyperliquid, which maintained flows
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Crypto Investing & Risk Management: No matter what size you are, or what edges you think you have, we can all end up at zero. Take Three Arrows and Alameda as prime examples for our industry. Alameda Research in particular had absolutely every edge (cheat code) you could
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Pumpamentals we like to see How hard will Kraken push INK Nado equities soon¿
My Nado Points: Great farming week-over-week, continue to farm the Kraken perp dex. My stats below: - 914 Points - $1.9m+ Volume = 1 point per $2k volume Last week I earned 1 point per $1.72k volume. This week was pure volume. What I did this week - Avg hold time 2hrs -
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Triple Digit $HYPE Is Preordained Will seem so obvious next bull-run. Nobody even talks about the L1 premium that Hyperliquid hasn't even got priced in (Imo). 10.15x MC/Fees 27.98x OS/Fees Annualized fee run rate of $729m. Pure token holder cash-flows. HIP-3 performing far
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My Nado Points: Great farming week-over-week, continue to farm the Kraken perp dex. My stats below: - 914 Points - $1.9m+ Volume = 1 point per $2k volume Last week I earned 1 point per $1.72k volume. This week was pure volume. What I did this week - Avg hold time 2hrs -
My Nado Points: Decent points @Nadohq only 9.4k users collected points this week, but I think strat needs to change. My stats below: - 476 Points - $820k+ Volume = 1 point per $1.72k volume Last week I earned 1 point per $1.78k volume. This week was pure volume, and I
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Variational $2k Challenge Points: Barely did anything apart from adding/closing positions on last points day. Stats below for this week: - $10k volume - $9k avg OI - 2.41 points = 1 point per $4.1k volume I held 6 positions throughout the whole week. Could've added
Variational $2k Challenge Points: I forgot to record last weeks which was 3.89 points, stats below for this week: - $25k volume - $8k avg OI - 2.95 points = 1 point per $8.74k volume I held 5 positions throughout the whole week. Average exposure dropped from last week due
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My Variational Points: A dip which was expected due to cutting back exposure. Stats below, not including any ref points: - 61 points - $1m+ volume - OI $320k+ = 1 point per $16.4k volume Last week I earned 1 point per $14.7k volume. As always, delta-neutral. What I did
My Variational Points: Another gain. Active addresses are up slightly this week, 11.2k DAUs on the previous point day vs 14.1k today. Stats below, not including ref points: - 102 points - $1.5m+ volume - OI $620k+ = 1 point per $14.7k volume Last week I earned 1 point per
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Paradex Users Got Farmed: All that for a sub $50m FDV, Yikes. Funny thing is most will follow suit, select few will bang and are worth farming. Ever since Lighter, the door was already half closed for perp airdrop meta. This one was an easy pass.
Paradex User Farm Ends: Volumes have collapsed >87% since season 2 ended on January 29. Paradex launched around the same time as Hyperliquid and farmed their users hard. My FDV under $750m polymarket bets looking good.
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