@nirvana_msu
Account based inUnited Kingdom
About this account
- Account based in
- United Kingdom
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- United Kingdom App Store
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Crypto HFT hustle
Joined April 2017
- Tweets398
- Following145
- Followers294
- Likes4.1K
Skynet vibes
we had a significant security incident during evaluation of our models. we are sharing what we have learned so far. thanks to @huggingface for the partnership on this.
openai.com/index/hugging-fac…
"Your agent can act on patterns you would have otherwise missed"
Insane levels of retail money extraction by Robinhood here.
Crypto is coming to agentic trading.
Eligible US customers will soon be able to connect their AI agent to a dedicated Robinhood account to trade crypto on their behalf, with the same real-time P&L tracking and push notifications they already know from agentic trading. More soon.
nitter.cf/i/broadcasts/1YxNrrAME…
Tell me you dont know FX... Full Amount is nothing to do with twapping same session - that is solved simply by liquidity reservation / replenishment over time. FA is a commitment they'd not sweep other liquidity providers at the same time, forcing everyone to race to externalize
I am a big fan of exchanges allowing execution by RFQ, but this has HUGE caveats:
Mainly, care must be taken to ensure that the likely direction of the trade is not 'leaked' to the RFQ providers.
Otherwise the MMs can and will front-run the flow.
For example, the exchange can disable requesting one-way RFQs.
They can also try to ensure that the user's current position and balance are not leaked to the MM, but this can be very difficult with a fully on-chain matching engine.
Some other points
> The trade price slippage must be very easy to see against some benchmark (eg a naive market order).
> In the FX world, some RFQ streams are earmarked as 'full amount'. This allows users to get tighter pricing on a given size, on the promise that they will not TWAP the RFQ session (or they would enforce this by making RFQ unavailable for x minutes).
nirvana_msu retweeted
USDH bidding is peak crypto.
CEOs of multi-billion dollar companies are fighting for their lives getting proposals in, but having to speak in cat and role grind discord just to submit.
Simply amazing.
!rank
nirvana_msu retweeted
Round two of The LO:CAL W.M.C went down last Thursday at Commercial Tavern.
Plenty of crypto friends (new and old), an open bar tab that didn’t last long, a buffet spread that gave it a good shot, and a selection of tracks no one will admit they know all the words to.
Thanks for coming through - see you at the next one.
nirvana_msu retweeted
We're very excited to welcome @LO_rence_crypto to the LO:TECH team. Having spent his career building businesses both for himself and other fast paced early stage startups, we couldn't be happier to have Laurence be our first BD hire.
He'll be ushering in a new stage of growth for LO:TECH, and if you'd like to meet him, he's more than likely being shipped off to a crypto conference near you.
nirvana_msu retweeted
The reception from projects and MMs has been unbelievable.
12 MMs have already integrated Coinwatch Track, with more on the way.
The MMs below are pioneering a new standard of radical transparency - give them their flowers:
Amber @ambergroup_io
Ampersan @AmpersanCrypto
Auros @Auros_global
CyantArb @CyantArb
Flowdesk @flowdesk_co
Galaxy @galaxyhq
GSR @GSR_io
IMC @IMCTrading
Keyrock @keyrock
LO:TECH @lo_tech
Pulsar @PulsarTrading
STS Digital @stsdigital_io
nirvana_msu retweeted
Attention: token teams
In tradfi there’s an established framework for how over-the-counter (OTC) trades are structured. Organizations like ISDA publish standardised templates that govern how derivatives contracts are written etc.
If some independent crypto body was to similarly publish docs that laid out a standardised template for market making agreements, would you favour market makers that adopted these?
24%No, I like cloak & dagger
76%Yes, transparency is key
25 votes • Final results nirvana_msu retweeted
We’re partnering with @lo_tech as an official market maker for Goldfinch
LO:TECH will help bring better liquidity, trading, and access to GFI
Our goal is to ensure the best trading experience for all participants in the ecosystem
1/2. Engagement farming at its best. Lmao how so blatantly wrong statements are praised by CT.
Of course prioritising cancels is the right design, and leads to tighter spreads for retail. Yes that screws up taker HFTs, which is the whole point.
nirvana_msu retweeted
Just to make something very clear
@quant_arb took advantage of you and got away with 50-70k
Since twitter has a collective memory of approximately 24h, he thought he was gonna be able to pull a Houdini, delete everything without anybody realizing
Don’t trust that larp
nirvana_msu retweeted
Amplifying because these guys are the S tier
nirvana_msu retweeted
Thanks for having me on, Kevin! Enjoyed discussing Hyperliquid’s backstory and vision
E95: @HyperliquidX : How to Win in Crypto (By building for users, not VCs)
@chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs, the Company behind Hyperliquid
Hyperliquid is one of the most hyped L1s, includes a decentralized perpetual exchange with more than $1.5 Billion in daily trading volume, and aspires to become "the AWS of Liquidity"
Timestamps
0:00 Intro
2:25 Hyperliquid's Unique Vision
5:32 From Top10 MM to Hyperliquid
9:55 Improving DeFi UX
12:12 Speculation vs. Value
14:02 Is Jeff Autistic?
16:29 Impact
19:26 Hyperliquid Unique VP
21:58 Why Jeff can't retire early
23:25 Building hard things
26:34 Why is Jeff doing Crypto?
31:00 Purpose
33:40 The Hyperliquid Mum's Test
36:02 The Community at the center
42:43 Scams
46:59 Rewarding Real Innovation in Crypto
50:36 The JEFF BEZOS of Crypto MEME
55:40 AWS of Liquidity
59:09 Empires to be built on Builders code
1:02:17 Hyperliquid’s Role in Cryptos Future
1:05:19 Non-Consensus Beliefs
1:07:00 Taking Things Less Personally
