QMMLunatic (Ξ, Ξ)

we get compared a lot to perp DEX farming bots, but the reality has been that @tread_fi is an algorithmic and agentic trading platform that has done over $100B in volume for both institutional and retail users on CEXs and perp DEXs we respect the privacy of all of our institutional clients, so when a client like QRT comes out and partners, invests and endorses us, the validation comes with immense respect and trust from both sides it is difficult for me to read things like "tread is a vibe coded volume bot" when we have been relentlessly building things on such a bigger scale today i get to show you a peek at where we are and where we are going everyone, big or small, can and will trade better through @tread_fi

a lot of people have commented in recent days that KYC on @HyperliquidX is bearish. you're all wrong, it's the most bullish thing i've read about HL since i first heard about it my trading terminal has 2 types of users, institutional and retail. institutional traders (hedge funds) almost exclusively trade on CEXs. retail traders are more spread out, but a large bulk of our volume goes to perp DEXs the reason why hedge funds trade exclusively on CEXs is because when they take money from investors (LPs), they sign strict rules about how they can use the investor's money. a huge part of a boilerplate LP agreement is to ensure the money doesn't get siezed because the hedge fund skirted regulations most people see KYC and AML from the end-user POV. it seems like exchanges are making sure that you are a compliant user. that is half of it. the other half is what it does for everyone else on the venue: a fund's LPs need assurance that the exchange itself screens participants, so their money never touches a venue commingled with sanctioned flow. an anonymous orderbook where anyone can be on the other side is an OFAC headache no compliance officer will sign off on prop funds like jane street dont have this agreement with LPs as they are trading their own money, but the bulk of investment wealth is being managed by those who have the requirement that their investors' money won't fund the next terrorist attack hyperliquid is NOT going to impose KYC on everyone. the whole identity of being a perp DEX with decentralized validators allows them to operate the protocol for everyone as almost a P2P playground what shipped is an allowlist primitive, HIP-3 deployers can now gate their markets to a whitelist of addresses. so a regulated entity can deploy its own market on HL infrastructure, KYC/KYB its users off-chain, and allowlist only verified wallets. the base layer stays permissionless, the deployer owns compliance if the stars align and HL can execute perfectly, my business may change. hedge funds could maybe start trading on perp DEXs. if they appease the right regulatory bodies, they could be one of the most prominent RWA perp exchanges in the US before the tradfi guys like CME even has a chance to roll their exchange out at the end of the day hyperliquid is not the front end or the exchange that you use everyday. it is the entire protocol. mechanisms that open the door for KYC/KYB helps them get there on a new regulated vertical