Founder @ Crypto HFT MM // Founder @LorisTools
NYC
Joined November 2022
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This aged well.
3 hours into the supposed "Black Monday" stock market crash and Nasdaq 100 futures are now up nearly +1%.
The S&P 500 is set to add +$350 billion in market cap at the open again.
As we stated 24 hours ago: Ignore the noise.
if true this is a serious error in protocol design
the root problem: someone with a large Papertrade position can benefit disproportionately by moving the underlying reference market, BTC or ETH on Hyperliquid core
please forgive crudeness / errors but this this is how it works:
papertrade allows you to execute up to $10M at hyperliquid mid price (halfway between top bid and ask for BTC or ETH), and papertrade's LP is your counterparty directly
so here's the arb, by way of example:
1) load up 10 Papertrade wallets with 100K USDC each
2) put on 10 separate 100x leveraged $10M ETH shorts on Papertrade, adding up to a total $100M short. the key here is there is NO SLIPPAGE on Papertrade since it just hardcoded executes at mid using hyperliquid prices as reference px!
3) next - separately, market sell $20M ETH on Hyperliquid core, causing the actual ETH market to drop 15bps
4) you make $100M*15bps=$150,000 profit on your Papertrade shorts
5) close the Papertrade position, and you can even long $20M on Papertrade here to be net flat vs the $20M HL short and slowly TWAP out of your HL short if you want
6) return to step 2, repeat
this is obviously pretty bad if this is what's happening
Paper trade @papertrade_xyz getting actively exploited by two wallets moving ETH 10-20bps on hyperliquid using $20m clips or so and trading 9 fig longs on paper.
Glaring issue with the protocol as is, needs to be fixed ASAP for any chance at sustainability
ferragamo.com/shop/us/en/men…
a good choice
a hair flashier than i'd expect, but absolutely appropriate
comfortable too
don't want the dogs howling after a long day of marching around DC
O(2^0.487669n)
Subset Sum asks 'given a set of integers, can we find a subset that sums to N?'
Today, I show that Subset Sum can be solved clasically in time O(2^0.4877n).
This is an improvement on the current best known bound of O(2^0.49n) (OpenAI, 4 October 2026).
For the full result, see
github.com/a-kapila/maths-pr…
Comments/ criticism welcome. More to come!
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Why am I doing this?
I went into quant aged 22 with a fully-fledged plan to return to academia and pursue a PhD. Sadly, lifestyle creep caught up.
In the spirit of correcting the record, I've been advancing the frontiers in my first passion (maths, not DJing).
bullish on @hypurrdash and @HansonBirringer
they quietly built a top 10 HL builder behind only behemoths like MM, phantom, etc
no chest pounding on the TL, product with durable revenue, users love it (myself included), building with integrity
1M+ monthly visitors. pretty incredible
i use it daily to inspect hl wallets
round of applause. good one to watch
i'm going to start a trading protocol
with no fees
and no funding
and no oi limits
and no slippage
and no size limits
and no price oracle
and no price realization
and no net funds transferred
and 1 token per USDC traded
and then when we have 900 septillion dollars of volume in the first 6 minutes of trading
it's high fives all around and popped bottles
for doing more volume than ever done in the milky way galaxy since the beginning of time
great job team
we really did it
what i was really trying to say here is if you're going to buy some expensive pants
stop beating around the bush and buy some fucking *pants*
here are the pants you want
these are thirteen thousand dollar pants
that's how much pants should cost
lol papertrade just sole $200,000 of pants in 38 minutes
at *$2,000* per pair
the token is a fair launch so there's no possibility of allocation for buying these afaict
tbf they are nice looking pants and good execution by the team
and dont @ me with "it's actually a reasonable price for bespoke trousers"
but you just bought two thousand dollar pants that you will never wear
you guys are retarded
