@barducci

perps never close @reperp_

London, UK
Joined April 2009
There is nothing to worry about. Nothing important is run on PHP or old software—except the water & electrical grid, a few government services like our missile defense systems and a handful of electrified fences at the zoo (for the lions, tigers and cobras).
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Staking in 2027 be like
Real life, baby
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Tokenization. Stablecoins. Perps. The Big 3.
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Technical moats are mostly over at this point. If you’re building something that is meant to be durable, the only moats now are: • Proprietary data • Network effects • A physical component
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Correction: for multisigs the ideal "safe" rule is that you want each signer to change their key after each operation. (This is making an implicit assumption that ECDSA might become weak, but not to the point where any crack of it would be literally instant so you would literally have to worry about eg. in-mempool frontrunning) You definitely still want to gather sigs offchain if possible, to minimize the number of hours between "sig revealed" and "key no longer active" But again: it's very easy to lose funds from a misconfigured rushed upgrade, so ... don't rush anything.
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Your counterparty. Your hedge. Meet reperp.com
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reperp is taking less screen time, more face time 🇸🇬
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Backtested BTC/ETH strategy on 30min/15min books over 2 years: Hyperliquid = 42% in fees reperp = 1.1% in fees Same notional. 1,128 decisions at venue, one hold.
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Useful if you need to manage liquidations
Trailing stops are now available for perp markets. A trailing stop's trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order. For long positions, the trigger price follows the highest mark price reached since activation; for short positions, it follows the lowest. An optional activation price determines when tracking begins. Without one, tracking begins immediately at the current mark price.
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Hedging is either matching orders or pricing a claim
💯 worth watching to understand the problems that still need to be solved
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Futures became perps, what will repurchase agreements become?
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Right advice is priceless
Replying to @MugenAdvisors
Regulators, exchanges and acquirers examine how an entity has been administered, not how it was formed. Full cost breakdown, and the questions worth asking before you commit to any structure: mugen.ky/blog/cayman-foundat…
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Don't pay for liquidity that was never there
DefiLlama 🦙 just measured the gap between predicted and realised slippage Seems minting against collateral, not against a book, has it's perks
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Few opportunities make you feel genuinely early. The market will understand the potential of on-chain derivatives
A market isn't a place. It's a conversation. Every long is talking to a short. Every hedge is talking to someone willing to take the other side. Without both voices, there is no trade.
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What if a perpetual wasn’t a position on an exchange, but an asset you could hold directly in your wallet? That is the question Mugen Genesis winner @barducci from reperp set out to answer. No order book. No funding rates. No margin calls. No liquidations.
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The most unemployed person you know with AI psychosis has a dashboard like this
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Extremely humbled, now the real work begins 🚀
🏆 The winner of Mugen Genesis 2026 is reperp. Founded by @barducci, reperp is building a new primitive for native on-chain directional exposure without fragmenting liquidity. As the winner, reperp will receive six months of hands-on operational support from Mugen to help prepare the project for launch and scale. Congratulations, Simon. Now the real work begins.
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🏆 The winner of Mugen Genesis 2026 is reperp. Founded by @barducci, reperp is building a new primitive for native on-chain directional exposure without fragmenting liquidity. As the winner, reperp will receive six months of hands-on operational support from Mugen to help prepare the project for launch and scale. Congratulations, Simon. Now the real work begins.
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