Guard
@PoorGuard
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Dog doing lawyer things on the internet Adviser @extendedapp I write about strategy etc at https://t.co/LIvjovcM5g
Joined June 2021
OK I'm redoing the substack. This time I'll write it a bit like I would write a textbook on strategy and operations. (except I'll be less obsessive about finding the right references every time since it's just a substack and very much "take it or leave it" kind of advice)
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"The design space for token value accrual is huge, much larger than traditional equity" This honestly is one of those beliefs that has kept me working in this crazy industry through booms and busts Hopefully we start experimenting aggressively
The debate over tokens versus equity has barely begun. Many of the top crypto projects came up in the Gensler era, when regulatory pressure forced devcos to drive all value to equity, not tokens. The new policy environment means new opportunities, but no simple answers. It will
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“0 fee exchange” is mostly marketing. You pay it via spread Example (all-in execution cost ): Retail taker / MM maker • Lighter: retail 0 + maker +0.2 bps ⇒ 0.2 bps • Extended: retail +2.0 bps + maker rebate −1.75 bps ⇒ 0.25 bps Retail maker / MM taker • Lighter: retail
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Now available to trade: $LIT with up to 3x leverage https://t.co/deknnPa1x7 Please note that $LIT is a pre-launch token. Mark and Index prices are derived from exponentially weighted averages of order book prices rather than external markets.
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Even I bought one of these, because 1. I was in the military once; 2. at the time a gameboy color was worth gold (they don't transmit anything so you are allowed to use it and they have a long battery life and great games) 3. money goes to a good cause Brilliant product idea.
@timeextension64 Pretty shitty to boycott a company because they sold a military-themed product that has all the money going to support veteran suicide prevention.
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listen to this
.@42space reimagines prediction markets as asset issuance protocols, turning real-world event outcomes into tradable tokens via bonding curves. Built by a team w backgrounds spanning Stanford, Oxford, Consensys, and Morgan Stanley — and scaling with @BNBChain. Catch @Leozayaat
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Good read on different strategies on how to align interests in an exchange, very nice.
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drunk as hell at the function just leaving without telling anybody
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worried about the solvency of your exchange? --> Extended proves this onchain worried about getting unfairly ADL'd? --> Extended proves they can't Worried about your exchange taking your money?-->Extended can't Worried about your tx privacy?-->Extended is built on ZK Starks
.It’s great to see thoughtful research into the security and trust assumptions of different perp DEXs and their design choices. At the same time, the research focuses primarily on assessing target implementations rather than the current state. As of now, Extended is one of the
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Extended daily revenues are near all-time highs 7-day average daily revenue: $119K (buybacks confirmed by @rf_extended) TVL is up 14% over the last 3 days, from $100M→ $114M One of the most innovative teams lately: XVS just launched, allowing traders to earn yield from
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gmgm, Extended OI ATH. @extendedapp daily metrics 18th December: - volume $1.05b, trading competition finished so hopefully volumes continue. - open interest ATH at $115m, holding positions rewards more points. - TVL at $114m, market shittt but holding strong - fees of $125k,
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Happy Extended TVL ATH for all those who celebrate expecting more
Happy Extended TVL ATH for all those who celebrate expecting more
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@DancingEddie_ ask yourself where does this feeling come from, that it may be crabs in a bucket mentality at the end of the day hype is a v good example of what we want a token to be, capturing all the value from the platform, so rooting on its demise doesnt make a lot of sense to me
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insane transformation at 2023 when he started @WildcatFi
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People will QT long articles on how "crypto will merge with fintech" and not even realise it's already happening Expecting more
with Lighter TGE expected in the next few weeks, & then Paradex in February, I have never been more bullish on @extendedapp & updated points valuation. > TGE Q2 2026 with confirmed 30% airdrop at TGE. > assumed points program finishes end of April -> you have 4 months to earn
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oh man they're fucked aren't they
Hi, some personal news - I’m changing job. I recently asked myself the question: what’s the most exciting and promising company in the world right now? The answer I believe is OpenAI. So it’s a privilege to be going to work for OpenAI as managing director and head of OpenAI for
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I've been in the school that crypto will merge with fintech (I've worked with clients in both and the synergy is obvious). It's also clear that the market participants have clocked on to this, and the tradfi & fintech big boys are rushing in (Revolut, Robinhood, JP Morgan etc)
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