Will Meng
@willmeng_
Followers
1K
Following
3K
Media
50
Statuses
384
DeFi @auros_global| Prev @patternres @albatrosslabs & US equity derivs mm | Ex-fellow @panteracapital @areta_io opinions are my own nfa
?
Joined June 2013
Our intern been cooking lately
We hear from many new protocols that they find it difficult to attract real liquidity in early markets. In other words, the pump and dump culture has destroyed the ability to build sustainable, organic market depth. As such, we thought we would share a few words that we used in
0
0
2
Fear and greed index on CMC (powered by @volmexfinance indices) printing close to all time lows fear = opportunity
2
4
18
Here at Auros we love doxxing ourselves gmonad
As cited in the official docs, we’re among the Market Makers chosen for @monad ICO. At Auros, we believe transparency is the backbone of a trusted, sustainable crypto ecosystem. We’re proud to support initiatives like Monad’s ICO in a collaborative effort to set higher
1
0
7
Next-gen aggregators like @Titan_Exchange are making swaps on-chain more efficient than ever, execution quality on-chain is starting to rival (or even beat) CEXs Recent partnership with @DriftProtocol will only accelerate this process, congrats to both teams!
Swaps on @DriftProtocol are now powered by Titan Prime API. Titan will also be used to power dSOL Liquid Staking and liquidations on Drift. Early swappers on Drift can claim a new badge.
2
2
25
Some things never change, congrats to @T1LoL and glad to see The Unkillable Demon King still slaying
0
0
1
I think you mean you've secured a net short position yourselves so you're free to mark my swaps accurately for once. Because it's now in your interest to do so.
JUST IN: JP Morgan CEO Jamie Dimon admits he was wrong and crypto is “Real.”
1
0
3
We are pleased to announce that Auros is a launch testnet partner for @Circle’s Arc testnet. We are excited about the future of stablecoin-native finance and believe that Arc will play an important role in the digitalisation of global finance. Congrats to the Circle team on
Arc Public Testnet is now live. Open to developers and enterprises globally, Arc is the Economic OS for the internet that unites programmable money and onchain innovation with real-world economic activity. Start building: https://t.co/RMjxJmjcsH Learn more:
0
2
11
[7/7] Apparently Hyperliquid numbers rival "some" centralized exchanges. @a16zcrypto clearly doesn't own enough $HYPE. With on-chain CEX-grade liquidity, best-in-class DeFi is matching (soon to be surpassing), not trailing.
1
0
1
[6/7] Over 99% of stablecoins are currently denominated in USD - when will we see other currency stables become mainstream? Or alternatively, would stablecoins - the fastest growing cryptocurrencies by adoption - ironically drive global dominance of the fiat US dollar?
2
0
2
[5/7] $46T in stablecoin “transaction volume” vs Visa’s $15T. My own take is that real transactional volume for stablecoins (eg payment for goods or services excluding trades/swaps/transfers) is still quite low, but that could change fast as stables embed into mainstream rails.
1
0
1
[3/7] Developers: @Base ranks #2 behind Ethereum, ahead of Solana? But @ElectricCapital live developer data ( https://t.co/PCbpBP6xhx) places Base closer to mid-tier. @a16z developer data is based on "investment team analysis", there's definitely no bias there.
developerreport.com
The source for crypto open-source developer data. Built by Electric Capital as a public good.
1
0
1
[2/7] Efficiency is up but users remain very passive. I'm keen to see if continued improvement in blockchain throughputs and security would drive active user growth. Not to mention a wave of highly efficient blockchains coming soon such as @monad @megaeth_labs @fogo
3
0
0
[1/7] Where are all the active users? A16z reported 716M crypto owners. However, only 40-70M monthly active users, which is under 10% of crypto owners. Active addresses are actually down 18% YoY.
1
0
0
Sharing some thoughts on the recent State of Crypto report by @a16zcrypto, a few points that invite a closer look for fresh interpretation 🧵
1
0
7
Some thoughts on the future of vaults in DeFi and perp DEXs - jumping off a point @drwconvexity recently made that seems to be ignored: Don Wilson (Founder of trading giant @DRWTrading) recently shared his thoughts regarding last Friday’s liquidation event, real-time margining
1/ If DeFi is the Future of TradFi, What Did Friday Teach Us? Friday’s crypto selloff was a stress test for market infrastructure. It didn’t pass. Here are the three big lessons the market needs to learn from the tuition it paid. 🧵
0
0
10
Citadel (hedge fund, not securities) and Millenium really be paying PhDs and some of the brightest minds millions of dollars just to return 1/3 of S&P index For reference S&P YTD return is ~14.2%
2
2
8
Twice the valuation of Goldman Sachs with 1/200 the number of employees
2
0
4