fail better
Joined February 2013
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Thang Nguyen retweeted
Put your money where your mouth is.
mmmmmm.market, a @flynetchain community project, is live on Robinhood Chain. Launch a token for your favorite food, trade what you'd order, and every coin you hold pays you a cut of its trading fees in $FLY.
I launched 🍕 on mmmmmm.market, a @flynetchain community project. 🍕 holders get their share of fees in $FLY tonight, at 10pm, and then everyday thereafter. Connect your @blackbird wallet before 9:55pm EST to qualify.
Thang Nguyen retweeted
1/ Maybe the bigger lesson in the Binance hack wasn't abt Binance or their key management. Its about how fast the money was moved that left Binance no time to react.
Onchain, a $100m transfer settles as fast as a $10 one. $6b left hot wallets in ~20 mins.
This should change.
Thang Nguyen retweeted
Bitcoin is down 9% from its local high.
9%.
And I have the bear brigade in my comments getting very cocky, when...
Bitcoin is above and has reclaimed:
- 1W RSI 50
- 1W Supertrend
- 1W 50 SMA + EMA
- 1D 200 EMA + SMA
- 1D 365 SMA
And, to make this even more shocking...
Not a single level has even been retested yet.
This is the definition of emotional investing, as clear as it gets.
Every single level you could ask for is bullish, and yet, a 9% drop is enough to create this fear.
It continues to show how mis-allocated the crowd are and how low the overall conviction is in the market.
No matter what happens, the crowd will always move the wrong way at the wrong time.
Everyone who missed the bottom, will now also miss the opportunity to allocate here.
They will then chase the highs again.
It will stay that way forever.
And your only job is to make sure you do not follow them.
Thang Nguyen retweeted
@dopplerprotocol coded
People generally understand that tokenization will create an explosion in the amount of assets to trade.
They're only beginning to be understood the boom that this will create in trading venues and front ends.
My early impression is that the combo of fintech + crypto will be more disruptive to trad brokerage and exchanges than people think.
The brokerages expecially have benefitted from operating in a highly regulated industry for a long time, and therefore have pretty universally poor UX.
I think once tech companies move payments and treasury mgmt onchain (already happening), it will open their eyes to opportunities in finance they never previously would have considered.
SpaceX / xAI / Elon will make a HUGE splash in this next year and put the fear of god in finance generally.
But the larger trend is an explosion in the number of trading venues and a sea change in the composition.
They will be faster, more innovative, and lean into AI first versions of supporting trading and investing.
The roles of a financial advisor and trader will be condensed into an agent that every retail trader in America will have access to.
If you aren't excited about this future, I don't know what to tell you.
It's bright, and it's for the taking.
Thang Nguyen retweeted
Doppler has created over 13 million new digital assets through applications like @zora, @bankrbot, @longdotxyz, and @feeldotcash.
They've traded over $6 billion in volume.
Thang Nguyen retweeted
Most tech giants in the 2000s built their infrastructure and product as one entangled unit. Amazon had the foresight to separate out AWS as an API layer, of which Amazon retail was the first of many users. Today, AWS generates more profit than all of Amazon's other business lines combined.
Hyperliquid is built with the same philosophy. Housing all of finance requires thoughtfully designed, open financial primitives. Each primitive should obey the Unix principle of "Do one thing and do it well." Talented builders then have the foundation to chain these together to create magical applications.
HyperCore borrowing is an example to highlight this philosophy in action.
Most other platforms implement portfolio margin by marking an account's collateral to market value with an LTV haircut, creating borrowed assets without an explicit lender. This system is simpler to implement, but misses a golden opportunity for composability.
Hyperliquid instead begins with a borrow/lend protocol on HyperCore. Every borrowed asset is sourced from a supplier, so risk is isolated within the borrow/lend primitive instead of platform-wide. HyperCore's portfolio margin system is implemented as an orchestration layer that composes borrow/lend, with other primitives such as perps, spot, and outcome trading.
This decomposition has several nice corollaries:
1. Today's announcement of manual borrowing is not a new feature, but simply an extension of the underlying primitive. Borrowers on day one have access to 400M and growing of supplied liquidity.
2. Portfolio margin users earn interest on their idle stablecoin collateral. This is not a new feature, but a natural byproduct of composing trading with lending.
3. System safety is easier to reason about when perp and borrow/lend margining are independent.
In the same way that math theorems almost prove themselves when the right abstractions are defined, composable designs just feel right.
Manual borrows are live on Hyperliquid
Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.
Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.
Thang Nguyen retweeted
The resurgence of onchian volume and, in particular, the the growth of tokenized stocks is showcasing the power of Doppler as a platform to launch custom markets for any type of token (meme, stock, asset, etc.)
Year to date, @dopplerprotocol has earn $5m in revenue and is on pace to make ~$3m in revenue in September alone.
The market is waking up to how better infrastructure for token launches will create a more suitable market structure for tokenized assets.
Markets for everything are coming.
Thang Nguyen retweeted
Arbitrum creation and trading are live in the Doppler app.
→ Launch a token paired against a stock, an index, or another onchain asset
→ Configure the curve and sign in the same interface
→ Trade the moment your token is live
Launch your first token on @arbitrum ↓
Thang Nguyen retweeted
Look, I obviously don’t agree with Jesse on everything, and he himself may tell you that I am pretty annoying with my dissents inside CB. But to answer your question, I think it was because it was earned.
Jesse willed Base into existence from nothing. In fact, Base sort of created the category that Stripe, Robinhood etc have followed into. Robinhood and Johann are doing a great job btw, very impressive and good to see trenches eating again, but hard to say if their chain would even exist today if Base didn’t exist.
Base was created before the major Solana memecoin wave (6 months or so before WIF was created in 2023) which means Jesse fought to ship this through the post-FTX bear market.
Obviously Jesse made some mistakes last year. Building stuff is really hard, and building it inside a big public company is even harder. I wouldn’t have made all the same choices he did, and not defending those choices either.
But one thing I respect a lot about Jesse is that he still turns up and continues to put the work in every day despite all of CT treating him as a punching bag. Not sure how many other ppl I know that are willing to do that.
I’m joining THE 404 MACHINE — the memecoin launcher where tokens can be burned to forge NFTs. Built on @inkonchain by @otomate_trade
My ref link
otomate.fun/whitelist?ref=40…
THE 404 MACHINE is now accepting operators.
The Genesis Whitelist is officially open.
Apply: otomate.fun/whitelist
Closes September 7 at 12:00 UTC.
The Machine remembers. 👁️
Thang Nguyen retweeted
L()NG on @dopplerprotocol
In the past 24h, LONG passed $425M in tokenized stock volume on @RobinhoodCrypto.
Now closing in on $12M in total stock TVL, representing ~20% of all stock TVL onchain.
LONG.
Thang Nguyen retweeted
To everyone, thanks for the amazing years. It seems that the fxhash platform has come to a close. The artwork, however, lives on.
The lack of communication around the wind-down is regrettable. To clarify and provide some closure:
The entire fxhash team was let go in February, except for the founder. Currently, there appears to be no attempt being made to close on the loan offered to the company (the loan was previously mentioned in a post by ciphrd).
Therefore, no current or future development is being planned. The website is now offline, and it is unclear whether it will come back.
To all the people who made fxhash possible: artists, collectors, team members, enthusiasts, supporters, partners...in short, EVERYONE who took part in the special happening that was fxhash...THANK YOU!
We shared so much together and had a truly wild code-based ride. Thankfully, @verse_works @lerandomart @objktcom are supporting the viewing & exchange of artworks published on fxhash. Mega props to them for staying true to the mission through difficult times.
And former fxhash front-end developer @maerzhase3000 has developed a framework for keeping fxhash artwork available without relying on fxhash infrastructure: whitehash.m3000.io
It's too bad things ended like this. But between the monumental trove of artwork that formed a unique creative movement and the friends we made along the way, some might say we lived it to the fullest.
The discord community is indeed still online and active if you're looking for a place to hang and talk about the good ol' days.
Pictured: fxhash generative logo #1, minted 03 Nov 2021 @ 13:28 for 0.1 tez
Thang Nguyen retweeted
GM anh em ☀️
Một ngày mới, một cơ hội mới để build, học hỏi và tiến thêm một bước.
Thị trường sẽ luôn biến động.
Narrative sẽ liên tục thay đổi.
Có ngày xanh, cũng sẽ có ngày đỏ.
Nhưng điều quan trọng nhất vẫn là đừng ngừng tiến về phía trước.
Không cần phải bắt mọi cú pump.
Không cần phải chạy theo mọi trend.
Cứ giữ đầu lạnh, mắt mở và tiếp tục xây dựng.
Trong Web3, đôi khi sự kiên trì chính là lợi thế lớn nhất.
GM những anh em vẫn đang grind, vẫn đang build, vẫn chưa bỏ cuộc. 🫡
Chúc mọi người một ngày thật nhiều năng lượng và nhiều kèo ngon. 🚀
Thang Nguyen retweeted
最近一直处于少操作，多看多学阶段，刚刚复盘了一下 $TUT 这波行情
虽然没有上车，但是又学到了
$TUT 这次上涨，本质不是单纯靠叙事推动，而是一个典型的杠杆行情：
但拆开来看，核心其实是：
新永续上线 → 杠杆资金涌入 → OI 快速增加 → 空头爆仓 → 社交热度放大 FOMO
「8月6日 Aster DEX 上线 TUT 永续（5倍杠杆）→ 杠杆资金涌入 → 空头大规模爆仓 → 官方推文提BNB产品上App Store放大FOMO → 永续成交量爆炸到12.8亿，24h涨+250%」
纯杠杆游戏
所以复盘下来，低市值币出现暴涨前，可以重点盯这4个信号：
1/新永续上线（第一需要关注的）
低市值币一旦上永续，杠杆会瞬间放大
2/资金费率突然变高 + OI暴增
费率>0.05% + 未平仓合约快速上升 = 杠杆在追
3/空头爆仓远超多头
空头爆仓占比>70% = 强平踩踏启动
4/社交媒体
官方推文 + 热门涨幅榜 + 有真实产品叙事（App Store、AI等）
实操
1看到新永续上线 → 立刻查资金费率和OI
2确认空头开始爆仓 → 小仓位上车（总资金2-3%）
3社交热度起来后加仓，涨50%先出一半，费率过高立刻减仓
一些经验：
这种涨是「杠杆泡沫」，涨得快跌得也快
最好的窗口是新永续上线后的前12-24小时，不是已经+200%之后
永远设止盈，不要贪最后一段
记住这个方法，下次再出现同类币就能根据情况进行操作了
