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at the end of the day it’s the end of the day

streets
Joined October 2021
Photo by weka (@wekaaxyz)Photo by weka (@wekaaxyz)Photo by weka (@wekaaxyz)Photo by weka (@wekaaxyz)Photo by weka (@wekaaxyz)Photo by weka (@wekaaxyz)Photo by weka (@wekaaxyz)Photo by weka (@wekaaxyz)Photo by weka (@wekaaxyz)Photo by weka (@wekaaxyz)
Every wallet, exchange, and fintech wants a stablecoin card. Few know what it takes. We asked @WirexApp, @StripeCrypto, @StraitsX, and @InterlaceMoney, and checked their answers against the 30+ programs we track. Our free guide to launching a stablecoin card is out now 🧵
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We set out to understand why many stablecoin cards charge FX fees as high as your bank. Card currencies, explained: what the networks charge across borders, how much settling in USD really costs, and who's fixing it.
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1/ Just like how we dived into the Perp Dex landscape, we decided to dive into Options: in particular @KyanExchange it offers 1. No fees 2. Full portfolio margin 3. Combo trades up to 7 legs with perps 4. Custody of assets and more If you are looking to get into options, feel free to check out the @epochbiz report below to learn more about the unique features on kyan.blue/
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Onchain: Nock/Prism/Kntq Neobank: Xpl/Stable AI: Near/Wld/Tao Perps: Hype/Lit Options: Kyan What am I missing
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weka retweeted
Delta on perps = 1. Delta on an option = how much the price moves per $ of underlying: A 0.5 delta call moves $0.50 when BTC moves $1, all else equal. If you've been "long BTC" via perps, you've been at delta 1 the whole time. Options let you pick the delta you actually want.
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Time to buy some puts on @KyanExchange Try it out if you like options (small size for now)
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🔑 Why Implied Volatility Matters in Crypto Options 💰 @BlockScholes provides crypto derivatives data for options, calibrating volatility surfaces to prices pulled from both centralised and decentralised exchanges. 🧮 @KyanExchange uses this data for liquidations, margining, and mark prices — as well as funding rate mark prices for perps on the exchange. 📈 On the options side, implied volatility is the key input for pricing an option. 🏦 For market makers, that means IV data is essential for understanding where the mid-price of an option should be, so they can market make around it. 🎬 Watch the clip attached below. 🔗 Full stream: xitter.cf/KyanExchange/status/20…
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Block Scholes is the sole crypto vol data provider to the Bloomberg Terminal. That same surface comes out of Kyan's API with self-service keys and no fee, which closes the gap between what a desk and a self-directed trader can quote off of. xitter.cf/BlockScholes/status/20…
🔑 Why Implied Volatility Matters in Crypto Options 💰 @BlockScholes provides crypto derivatives data for options, calibrating volatility surfaces to prices pulled from both centralised and decentralised exchanges. 🧮 @KyanExchange uses this data for liquidations, margining, and mark prices — as well as funding rate mark prices for perps on the exchange. 📈 On the options side, implied volatility is the key input for pricing an option. 🏦 For market makers, that means IV data is essential for understanding where the mid-price of an option should be, so they can market make around it. 🎬 Watch the clip attached below. 🔗 Full stream: xitter.cf/KyanExchange/status/20…
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weka retweeted
I've been treating AI work from the beginning as the work of an intern, and that has worked out pretty well. Sometimes if the feature is complex I first do a pass of light scaffolding where i start to structure the code how I want it, and leave placeholders. LLMs thrives around structure, as they are designed to recognize patterns. From my experience, if you design a whole new feature and the AI can't really find proper structure around it in your codebase, result quality will be much lower. I then make Codex do most of the implementation work, and do a very light review myself, to make sure the code is not unnecessarily bloated. If codex doesn't structure the code the way I imagined and I can think of a more efficient way to do it, I'll guide it. Then in a new session I ask codex to review the changes compared to the base branch, most of the time he will find issues, in which case I make him fix what's worth fixing, always making sure the fix doesn't lead to unnecessary bloat through a very light review I then trigger a new review in a new session, and keep repeating this until there are no more issue worth fixing. When codex is done fixing issues, I then usually make Claude do a pass of review. Claude is usually much more nitpicky and often a lot of his findings are not really worth fixing. So I feed the output to Codex, and ask it to review what is valid and worth fixing. In some case, it will highlight a valid problem than Claude found and Codex missed. Once all those steps are completed and both Codex and Claude don't find any meaningful issue anymore, I'll do a manual very in-depth review myself, in the same manner I would review the PR of an intern. Then another person from the team will also do another pass of manual review on my PR before it is merged. Ultimately, I think it also depends on what type of software you are working. I could probably live with few less pass of reviews that I am currently doing if I wasnt working on a financial app like @KyanExchange where there is no room for mistake.
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Some serious mental gymnastics being conducted in this thread
Fahrenheit is superior because it's basically telling you what % hot it is
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The Alpha is free on Mondays 🔵 The Kyan x @Sellingvol Monday Alpha 69 is out! TL;DR: Gave It Back, Got a Deal Vol collapsed, skew steepened, an now diplomacy decides direction. Read it on the Kyan blog blog.kyan.blue/p/monday-alph…
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Kyan's liquidation orders are queryable: WebSocket orders channel or REST open-orders. Filter liquidation=true. When an account hits liquidation the system first tries to delta hedge it. If that fails, the orders post as limits with a delta-scaled taker incentive (~20% max).
"You can get favorable fills on somebody's liquidation." Kyan doesn't flash-kill positions. Liquidations are gradual, the liquidation bot walks orders into the book over minutes. Free pickup for anyone watching. Clip from last Thursday's community call. Mainnet is open. xitter.cf/KyanExchange/status/20…
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This is just effective fee rate no? If its rebates it for the fees anyway so why dress it up
New big hint on the $POLY airdrop formula just dropped from Polymarket. We already knew trading volume would be one of the criteria and now we have a much clearer idea of how it may be calculated: wV = Trade Size × (1 − Entry Price) × Category Weight The key part here is the Entry Price. A lot of people farmed millions in volume by buying shares at 99% or 99.9%, so this is really bad news for bonders. Most of that volume will end up having barely any weight.
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Vol was meant to be sold. Marty + Andrew from Block Scholes on this week's Options Talk: BTC ran 30% through war with vol collapsing every week, ETH/BTC vol parity is here, and MicroStrategy might be the silent vol seller nobody can see. Summary of the last Options Talk: xitter.cf/KyanExchange/status/20…
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My favorite beverage company
Today we’re sharing difficult news: we have made the decision to wind down Everclear (Foundation / Labs and building the product).
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Linn's Leverage #1025 is out: (Link in tweet below) @boros_fi @pendle_fi @maplefinance @Theo_Network @KyanExchange @Mantle_Official Like/Repost to support:
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Standard retail options fee: ~3 bps. Kyan: 0.25 bps to the insurance fund and that's it - zero fees besides that. For anyone selling weekly puts as a strategy, the fee delta is your edge here. Run the math on your last 100 short-dated trades. xitter.cf/KyanExchange/status/20…
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