lil perp
@crispheaney
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Following
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cofounder @DriftProtocol @ThePortMiami
Joined February 2012
Im old enough to remember when they said Solana was bad because it had no revenue. Now it’s bad because it has too much revenue lol.
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my ex and i moved in together jan ‘23 and we bought a $1.5k couch. every time i look at it i think “i could have just bought bonk”.
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Max pain is making millions and still being petty/angry all the time.
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how to start a failed startup:. 1) attend every conference.2) rent a fancy office space.3) hire faang engineers.4) hire bd/sales before pmf.5) glorify headcount.6) enter infinite partnerships.7) listen to vc product suggestions.8) make everybody happy.9) chase narratives.10).
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Today we’re releasing our Swift Protocol whitepaper ⚡️. Swift enables faster fills, better execution and gasless trading without sacrificing on the benefits of being directly deployed on Solana. 🧵👇
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🚨 DRIFT IS HIRING 🚨. We're actively looking for UI/fullstack devs. Job is remote and team is smart/fun af. DM me.
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Me too! Some good ones:. anchor examples: mango: saber: synthetify: jet: candy machine: drift:
@crispheaney I learned most about Solana programming by scavenging open source repos.
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hear me out. breakpoint classic in lisbon for people who have proof of a solana transfer before Nov '22.
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this was my start in crypto/solana. no followers, didnt know rust, never rasied money, etc. you need way less experience/credentials than you think you do.
Just submitted my @solana hackathon project. It's a peer-to-peer binary option protocol using @PythNetwork data. It's on devnet, check it out!.
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wrote a whitepaper. the only reference is a link to the github repo
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trump launches a memecoin and all of solana defi just . worked.
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Drift v2 leverages Solana's unique properties to create a decentralized limit order book (DLOB). The DLOB relies on an off-chain Keeper Network to match & fill orders. I'm looking for a dev that's passionate about DeFi/Solana Infra to help bootstrap the DLOB's Keeper Network 🧵.
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the real angel investor is the woman who picks their man when he’s broke and rides with him till he secures generational wealth for their descendants.
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Just submitted my @solana hackathon project. It's a peer-to-peer binary option protocol using @PythNetwork data. It's on devnet, check it out!.
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Stoked to be judging @solana's grizzlython!. If you're on the fence, I suggest you send it. I did the May 2021 hackathon and ended up falling in love with the tech/community. Great opportunity to learn rust and start a project to work on full-time.
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Lord grant me the confidence of an ETH maxi after a single green candle
Last few tweets were a brief tour of my recent eth bear bookmarks. We'll run it back again and again in a few more months and years. Ethereum and ETH are only getting started.
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Futarchy biggest issues is nobody with an IQ under 130 can understand it.
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Solana: App-Specific Sequencing (ASS). ASS ASS ASS ASS . *big sean voice*
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recent solana releases have made a noticeable improvement to performance. confirmation times are getting shorter and more consistent. we simply keep hill climbing 🏃♂️⛰️
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if a dev leaves their laptop open you gotta `rm -f ~/.config/solana`.
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huge amount of respect for what the kamino lads have built . emerged from the depths of the bear as one the best teams on solana. study resilience.
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audit shops should need to deposit their payment in the defi protocol for a fixed period.
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.@buffalu__ is one of the most important ppl in this space and he's still in the tg trenches answering technical q's. extremely 🐐'd individual.
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Went on a date with a school teacher and she described how her students are addicted to tik tok, have no attention span and use chatgpt to cheat on their homework. Future is bright.
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My intuition is the opposite. Most devs haven't heard of Solidity but are itching to pick up Rust.
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turned 31 today. bdays always have a tinge of sadness as they're a reminder of the finiteness of life. i've found the best hedge is dedicating yourself to non-zero-sum endeavors. knowledge, creativity, morality, love. it places your own life within the context of the infinite.
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I regret to inform @MonkeDAO that I've purchased a monke. The top is officially in. Adjust accordingly.
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if solana defi fails, solana nfts fail. nfts are valued based on future utility and the failure of solana defi would foreshadow a lack of utility for nfts.
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"Are you gonna be at ETH Denver?". No. I will never be at an ETH conference, nor will I ever be in Denver.
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A friend asked about breaking into crypto. Told him:.- build a dapp prototype.- shitpost on twitter.
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drift devs been CRACKING. upcoming launches. - fuel (new reward program).- drift earn.- token 2022 support.- blinks.- openbook v2 integration.- pull oracles. be shippy when others are fearful.
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How did Drift add prediction markets so fast?. Prediction markets are fundamentally a derivative that settle to 0 or 1. The primary change to Drift was allowing the margin system to safely support the 0 or 1 settlement logic. With perps, the margin requirement for a position is.
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anecdotally solana network feels much better than a year ago. way easier to land tx.
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If you’re building something in crypto and it hasn’t been called a scam yet, keep grinding, you’ll get there.
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the difference between me and you is that you're asking yourself "when can i stop pushing this boulder up the hill". hoping '25 repeats '21 and you can finally "make it". while i've accepted the absurdity of the human condition. that human meaning is found in the endless struggle.
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why everybody wanna get on a call?. im a dev i only talk async in lowercase plain text.
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ever watch a distributed set of contributors rapidly improve a decentralized global state machine?. study the bazaar
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i've found that wearing crypto swag in public inevitably ends in a stranger asking me about ADA.
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drift devs will build an elite tx sending stack or they will die trying
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It's mind blowing that people distributed across the world have developed a common culture. We're immersed in it, so it's easy to take for granted, but this is crazy.
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got my self-directed roth account custodied with @SquadsProtocol . just wired an angel investment with @sphere_labs. future already here, just unevenly distributed.
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Feel like most crypto teams have poor execution as:.- easy fundraising hurts fiscal discipline.- it's tough managing a remote team.- most founders are inexperienced. Plenty of space for focused teams to come in and win.
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@benlandautaylor Whats the odds there's a selection bias here where 1) normal people that do LSD don't talk about it and 2) the mystics are the loudest.
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sneak peak of Swift fills. only 1 jit maker integrated and it already feels much faster. accelerate
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vanilla CLOB won't work on-chain. modifications at the validator or protocol level are needed to even the playing field between takers/makers. drift v2 attempts to do this at protocol level via its dlob and auction system.
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Everybody here is "self-taught". The spaces moves too fast for formal education to keep up.
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mfs will say solana eco has no culture. meanwhile meta & ore are two of the most sci-fi projects out there rn.
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I can code every day, multiple hours straight, months on end but 15 minutes of life admin shit seems damn near impossible.
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SIMD-96 and what it means for stakers:. tl;dr:. Use LSTs that redistribute priority fees to earn max yield. Overview:. Currently validators burn 50% of the priority fees. After the activation of SIMD-96, validators will burn 0% (i.e. earn 100% of the priority fees). This change.
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Drift validator will vote in favor of SIMD 123 & 228. We believe reducing inflation will be a boon to Solana DeFi. If you stake to the drift validator or hold dSOL and disagree with this decision, you have until epoch 753 (7 days from now) to unstake. DM me any questions 🙏.
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as sol went from $32 to $60 the last 2 week, drift v2:. - handled $3.2m in liquidations.- sent $64k in revenue to if.- had $15 in socialized loss
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3 months from now solana performance will look much much better. Main things that will drive this:. 1) core solana devs are working extremely hard to improve the networking stack. 2) dapp develops will modify their architecture based on the new level of demand. For drift.
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drift v2 is already integrated with jupiter, so it instantly inherited spot liquidity from JLP 🤯. rising tide lifts all boats 🚢.
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yesterday drift v2 did $330m in volume. in the beginning of 2023 this seemed impossible. trust the process fam
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Still amazes me how much you can learn by digging through open source repos. Great time to be a curious dev.
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two big upgrades coming to drift over next ~3 months. 1) new intent architecture that will make jit liquidity faster and more reliable. 2) tokenized lp positions that will make passive liquidity tighter and deeper. buckle up.
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@marygooneratne "can i do this". "i cant tell you what to do it depends on your risk profile". ". ". "that will be $109.50".
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Pretty confident a SOL ETF has bigger impact than its ETH counterpart. ETH narrative is convoluted (how tf is a boomer supposed to understand L2s). Solana narrative is simple. Fast American Blockchain. Tradfi can grok Fast & American.
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50% of drift fills are now via Just-in-time (JIT) liquidity (featured in the pink). MMs love JIT because it reduces gas fees and latency arbitrage. Big improvement coming to Drift that will enable faster fills, better execution and gasless trading ⚡️. dm me to see the whitepaper
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If your team is new to solana development, you should almost definitely just use anchor. Time-to-market likely trumps the performance improvements you get from writing a `native` program. "But i see smart devs saying anchor sucks". Well, there are only two types of frameworks:.
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Crypto full stack dev:.- DevOps/infra.- Smart contracts.- Economic design.
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When people asked me how I got into crypto I tell them it was inflation, bitcoin, smart contracts, etc but honestly it was that my girlfriend dumped me during covid and there was nothing else to do.
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somebody should buy the FTX tech stack and open source it for the culture.
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Drift liquidation stats over the weekend:. - ~$14.5m in liquidations.- $110k revenue to insurance fund.- ~$0 bad debt. Risk engine is humming
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vc discovers how software is built.
bull case for Solana is that it’s sort of like a rocket ship that’s been patched up with duct tape and popsicle sticks yet it somehow still manages to break through the stratosphere.
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.@DriftProtocol is very efficient. Doing +$100M volume/day with ~86400 tx's/day (~1 tps).
8 programs on @solana do over 1m txs per day. 👋 @PythNetwork (37m!!!) @mangomarkets @ProjectSerum .@RaydiumProtocol .
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if you haven't minimized alcohol consumption, you're greatly reducing your physical/mental performance.
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