T.An
@1xTerence
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DeFi Purist Building @ammplify_xyz and @burve_fi Prev: HRT
New York City
Joined June 2022
This is heartbreaking. Bunni was a competitor but I had nothing but respect for their ingenuity. Best wishes to their team members and all their future endeavors.
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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Taiwanese food is so friggin sweet I suspect the only reason everyone doesn't have heart disease is because the entire country is a literal sauna 9 months of the year.
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It's happening
Perhaps all you leverage folks that got liquidated could consider options instead this time around - No risk of liquidation - Same levered return profile - Don’t need to manage collateral (low stress) - Can be entirely on chain (@DeriveXYZ) - Know how much it’ll cost you (no
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Note that yesterday's scenario might have triggered a halt instead of LULD by NYSE's rules, and we'll need to redesign rules for cryptos idiosyncratic correlations and volatility, but I'm sure it can be done, and periods of uni-directional bid/asks are still useful.
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In all the conversations around ADL I've yet to see someone mention NYSE's Limit Up and Limit Down rules. It was specifically made to handle scenarios like this. If a single ticker drops unexpectedly, market participants can only post bids. They might not, but that's fine. It
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How the heck is auto-deleveraging acceptable? Really exposes how much defi lipstick we’ve put on the pig.
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I'm always been hesitant to share my opinions because there's a tendency for smart people to overestimate their abilities in areas they're not experts in, and I don't want to fall into that trap. But I also see the value of people knowing exactly what the person building their
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For real. Crazy to me how many people want to fight the last battle.
here are my thoughts on the matter remember that if anyone starts annoying you on the timeline, just farm their airdrop this brings inner peace and profit then stack hype like btc
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Thinking options volume comes from wallstreetbet degens and not the massive institutional purse just doing vanilla hedges is called getting lost in the sauce
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Can we all agree to remove 35lb plates from the gym? What sick Tower of Hanoi enthusiast made this a thing?
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Not to start shit, but am I missing something about YieldBasis? The protocol does not make financial sense. All the magic is hidden in the "debt rebalancing" step in which they're rediscovering delta hedging with more steps, and if they think they can do that for cheaper than
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There's something to be said about 4 years and personal growth. It's feels like just enough time to fully internalize an experience, like college, or your first job, or a relationship.
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Just realized Brian and I have been grinding for more than 3 years on this DeFi moonshot and somehow we believe in it more every year. Dunno if that's good or bad tbh
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True DeFi PMF is just getting TradFi to buy our bags. We're getting close...
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One of the nice things about building in crypto is how tech-native the your audience is. Building for web2 audiences forces you to stay generic on the FE, and the UX for a generation of people raised on the web is massively under-explored.
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IMO people dont actually want IL calculators. what we actually want is an easy to use risk modeler, but IL calculators are infinitely easier to make
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☕️THJ Coffee Break #50☕️ Henlo beras! Boy do i have a show for you! Tomorrow morning i'll be joined by @1xTerence to talk about @Burve_fi! Let's learn about a very exciting protocol coming to berachain :) SET A REMINDER👇 https://t.co/IW0RSq7OpW
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