Make Every Entry a Good Entry | Protected Perps native to @arbitrum
Joined February 2023
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Another day another step forward to become the best day trading platform there is.
Trying is believing:
goodentry.io/
How I turned $300 into 35k$ in one week by trading protected Perps on @goodentrylabs using 500x til 1000x leverage while everyone else was liquidated by these rage pumps and dumps.
馃敂The Dream Ends馃敂
Good Entry Post Mortem
We started out as a self funded project with a thesis to find a way to properly price gamma in LP tokens in uniswap
Two versions and 245m volume later, we announce the unfortunate decision to stop development of Good Entry here
5) There was no stable regime where parameters worked consistently, requiring frequent market adjustments.
6) More subtle, the system's inability to find equilibrium meant the initial objective鈥攆air pricing of LP embedded volatility鈥攎ay not be attainable.
7) On the "degen convexity" gamma exposure side, and considering the memecoin wave, it seems to make sense to try to just add more convexity to memecoins themselves, remains to be seen this is long term*
馃摚Announcement馃摚
Today we also announce a new era as Good Entry rolls out our new memecoin launcher on @arbitrum
how we differentiate from @pumpdotfun is a heavier emphasis on socials and optionality with the lucky draws
If you think you are on the autism spectrum disorder spectrum
head over to asd.goodentry.io to give memecoins a try on @arbitrum
馃摚Announcement馃摚
Good Entry will sunset our flagship protected perpetuals product after generating more than $245m volume
users are advised not to open new positions
2/ our protected perpetuals product was first conceptualised in march 2024 when we focused on monetising on chain volatility on
@Uniswap
Good is still alive
Improvements are focused on conversations with various option builders
Still chugging along for the dream
Before trying new project forks please check with @Rabby_io on the implications of any approve
Safety is all our own personal responsibility
If you want GE to scale, trade on it and make money everyday
More data collected = easier for us to build a v3
When folks ask if we rugged
do understand this 35k came from mostly team as we are the main LPs figuring out how to scale this
0DTE is the biggest prize and we continue to focus obsessively on this problem
Anyone else promising no liq, check who is on the other side
How I turned $300 into 35k$ in one week by trading protected Perps on @goodentrylabs using 500x til 1000x leverage while everyone else was liquidated by these rage pumps and dumps.
Community reached out if GE is done
Right now we have been the main LP testing different strategies to make it sustainable
Many trading gains have been subsidised by team
Work on a new V3 engine continues
0DTE is a powerful tool We will eat it
One of our strategies to get market share like @CryptoAlgebra.
To leverage media power of other teams to drive their brands and distribution while we are the backend
Should they scale they will wish for engine upgrades and our community wins
That's how we can keep growing