@HFTdev
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i shitpost, occasionally
Joined December 2020
- Tweets1.9K
- Following387
- Followers150
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Baran ⚡ retweeted
a lot of you asked in the replies why qfex is the next big thing
my answer: spend five minutes on their founder's X. that's all i'll say
on top of that, it's one of those exchanges that went all-in on tradfi assets and is actually building something instead of just blowing smoke, lol. they're already at nearly 200 active RWA listings, for comparison, lighter and tradexyz have around 100
i'll keep watching and do some more research for myself, but it's definitely worth your attention
and yes, they're still invite-only for now, you can find codes at perpdexlist.com/exchanges/qf…
Baran ⚡ retweeted
trust me, i interact a lot with different perp dexes (especially the new ones)
and something tells me QFEX is the next big thing
I write a lot about quantitative trading, but rarely about crypto, even though I spent over half of my career working in the space.
I'm resurrecting our Substack with a 10-part series on crypto market structure and concrete guides on how to make HFT strategies with code examples.
Here is the first article, which talks about why tokens even exist. Enjoy!
research.qfex.com/p/a-primer…
tech marketers hypothesized the opposite & just didn't like the results produced in A/B testing, so they started dropping possessives and pronouns altogether using two beat lines
"Join free"
"Subscribe now"
"Start shipping"
Baran ⚡ retweeted
I went to UCSC. a shitty university.
Living in San Francisco for a year I definitely felt this, and is part of the reason why I left.
It was always funny watching people immediately dismiss me, then moments later find out I have an app studio doing more revenue than every YC company in their batch.
you’d think they’re bipolar the way they switch up
not sure if anyone else experienced this in sf but i went to a nice founder dinner today and I met someone new. One of the first questions he asked me was what school i went to.
“Stanford? MIT? Harvard?”
I told him UT Austin and it took him about 0 seconds to divert his attention and start texting on his phone. the conversation quickly ended after that.
apparently only people from t1 schools deserve basic respect in this city
I am a core contributor at S&P
(updated a few variables)
Today we are announcing that S&P Global has entered an agreement to acquire OpenZeppelin.
Onchain finance is growing from an emerging market into core financial infrastructure, and the standards and rails our team and community built are becoming the rails of global finance. OpenZeppelin smart contracts facilitated over $37 trillion in value transferred, with the vast majority of the largest DeFi protocols, blockchain networks, stablecoins and tokenized funds relying on them.
With S&P Global, we expect to accelerate the impact of onchain finance, backed by more than a century of trust in global markets, benchmarks, and risk frameworks.
To our clients and to all the users of OpenZeppelin open source tools:
• OpenZeppelin Contracts and all our open source applications and tools remain open source, free, and publicly maintained on GitHub. Building open source standards stays a core priority.
• Audits, engineering work, and ecosystem programs continue with the same team, brand, quality, and customer experience, with what will be the added benefit of S&P Global's research capacity, market data, and institutional reach.
For the last decade, OpenZeppelin has set the security standard for onchain finance. Today begins a new chapter for that mission, together with one of the most trusted names in global markets.
Read the full announcement: openzeppelin.com/news/spglob…
get the QFEX mobile app 👇
got early access to the @QFEX mobile app
the same perp DEX sitting in top 8 by OI that most people still ignore
at one point I was like, if trading in the Robinhood app gives 2x Lighter points, what if…
no official points program on QFEX yet, but early @variational_io users know how this goes
as for the app, UI actually surprised me
super unique compared to most mobile apps, leverage selector alone is cool
still invite-only, dropping a few codes:
XBHWKC9D
6CG217KA
ZTEPA3DV
NZXGJR9C
HTMYK6CP
BKW7591P
BFNSSXVZ
TYSPW4XD
TRCHS00W
4SRAH4MG
your feedback would be super useful for the devs
if you want to test the mobile app, send a DM
Baran ⚡ retweeted
If I had to price the pre-TGE perp market today, this is where I’d put everyone
Based on how they look right now, assuming they actually plan to ship a token and make it to TGE. On a few names from the list I’m more inclined to think they won’t launch a token
Pretty likely that over the next 6 months my valuations on most of these names will change depending on their next moves
Some up, some down. That’s normal. The market doesn’t sit still
Let’s get to the numbers:
@variational_io - $1.5b
@tradexyz - $1b
@QFEX - $600M
@extendedapp - $400M
@pacifica_fi - $300M
@StandX_Official - $300M
@gmtrade_xyz - $300M
@risextrade - $250M
@TxFlow_L1 - $250M
@arcus_xyz - $250M
@bulktrade - $200M
@get_truenorth - $200M
@Ostium - $150M
@perpltrade - $150M
@N1Chain - $100M
@meridiandotxyz - $100M
@PhoenixTrade $100M
@hibachi_xyz - $100M
@tread_fi - $50M
@DecibelTrade - $50M
@VestExchange - $50M
@tradehotstuff - $50M
@Bulletxyz - $50M
Can’t even guess yet:
@GTE_XYZ @TrueCurrentX @blinktrade
Important nuance, there are 2 unknowns that will probably reprice the whole sector
A lot of it comes down to Variational, after they come out, every valuation on this list can go up or down in my eyes. Second thing also depends on Variational, which of these names actually onboard farmer volume after their TGE
The list itself will change, but Variational is probably the first real benchmark we get for this entire sector
After that, the market will have a much clearer idea of what these names are actually worth
