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Nounces of perp trading.
"Many will deposit but few will withdraw" that quote is from me after my experiences and careful analysis on perp trading over the years .
A lot of traders both new and old wants to trade perp without understanding the nuances.
You don't ape the market blindly without,first of all doting your I and crossing your T.
Even institutional players do get blown out of the water if they get too comfortable,Alameda research comes to mind.
perpetual futures or perp trading for short is a popular derivative trading mechanism in the cryptocurrency market,but perp have no expiration date unlike the traditional futures contracts, allowing traders to hold positions indefinitely.
✅The first important naunce to consider is the trading platform and this boils down to the things that matters to you as a trader. Some believes in the ethos of decentralisation and they choose perp Dex and some can do compromise on decentralisation as it matters less to them and they will go with Cex even though their trading capital can be frozen at will by the Cex if they want without any tangible reason(there are many such cases already).
While some traders use both Cex and Dex,expecially traders using delta neutral strategy. Some just want an exchange with deep liquidty,some wants an exchange with less fee, some are more interested in the funding rate while many considers leverage sizes and margin.
✅Funding rate:
This is another important naunce in perp trading that a lot of traders have not taken their time to understand.
And how does funding rate work you may ask?
If the market is bullish (more longs than shorts), the funding rate is positive, and long traders pay short traders.
If the market is bearish (more shorts than longs), the funding rate is negative, and short traders pay long traders.
And how does this concern you? High funding rates can erode profits for traders holding positions for extended periods, especially in imbalanced market. So you have to monitor funding rate to time entries or else you will lose your profit to negative funding rate.
✅Liquidations:
First no one is above liquidation and secondly no position no matter how large it is,is above liquidation.
Show me a trader that has not been liquidated and i will tell you, it is someone that have never traded before.
Many traders does not use stoploss and it makes you wonder if they know what they are doing. In as much as there are a lot of indicator you can slam on the chart and all,no one actually knows the direction the market will go next.
With indicator, you can make calculated guess,but no one is sure.
I have followed many seasoned traders over the years and even though they are good,they sometimes used to be blown out of their position.
And again what fuels most liqiudation is over leverage.
For me perp trading is like gambling,then add leverage to it and it becomes super gambling,then there is over leverage where someone will slam a 30-50x leverage on market he dont know its next direction but simply because he drew a bunch of lines and slam few indicator and on top of it did not add stoploss (james whyne come to mind).
Perp trading is tool for speculation and as in speculation,you are not so sure, but its nuances (everage, funding rates, liquidation risk ) if taken into account could save you.
successfull perp trading demands understanding market dynamics and carefully examines them
7x on $e/acc, we might hit $10m market cap before 9th
Super degen on Elysium. Mainet is not officially live but i aped $e/acc. Anything can go wrong so ape with caution.
boxa.pro/#/asset/0xedb963ed6…
Note that transactions are processed in batches.
Bridge $HYPE from HYPEREVM to Elysium here;
boxa.pro/#/bridge
0xSam (✸,✸) retweeted
🐹🟦 cooking on the @squeekchain WL design and there's only 3 things that really matter -
>clout
>code
>capital
clout = contributing your reputation and reach to help spread the squeeky word
code = building on top of squeekchain (docs.squeekchain.com/develop…)
capital = bringing $$ to the builders
anything else is noise
there'll be a list of actions and activities, some simple, some not. you can decide how involved you want to be and where you want to contribute
and we'll still support specific communities within all of this
0xSam (✸,✸) retweeted
Every network needs someone to guard it.
Meet the Guardians 🛡️
The first privacy NFT collection on @0xMiden
0xSam (✸,✸) retweeted
Our universe is expanding 🌌
Guardians Of Miden is ready to build new connections and grow the ecosystem together.
🤝 COLLABS ARE OPEN!
Apply here: guardiansofmiden.xyz/collab
0xSam (✸,✸) retweeted
. @bobbinth explained why client-side proving beats Q-Day.
We turned it into a story 🎬 👨🚀
You can't break a key you never saw , A @0xMiden Guardian never shows the key. 🔑
guardian!
PQ-secure client-side proving is one of the best defenses against quantum computers and AI-assisted elliptic curve breaks.
Say in some near future we find out that AI figured out how to reduce security of elliptic curves. What we thought has 128 bits of security actually has only 80 bits. Everyone needs to scramble to increase key sizes, which means major upgrades to protocols, apps. HW wallets and HSMs may no longer work and we'd need to build new ones, and much much more.
Same happens if a viable quantum computer appears. It may not be able to break things fast enough initially - so, we'll have time to migrate - but any protocol where signatures/public key are know to the network needs to scramble to upgrade and change its very fundamentals.
But - if we have client side proving, there is absolutely no rush and nothing needs to change immediately. The keys and signatures are never shared with the network, so we can keep using the same cryptography, same HW wallets, same HSMs etc. It would still be a good idea to migrate - but the migration could take many years, and be done much more safely.
As @0xMiden partners mainet goes live today, I have an alpha for you.
There is a current passport to miden ecosystem you need to acquirer by all means.
Meet @GuardiansMiden. Guardians is building a Passport that tracks verified actions across the Miden ecosystem.
A 🧵🧵
Happy new week, Guardians! ☕️
Word on the street is that @0xMiden Mainnet is right around the corner... 👀
Make sure you are ready for what's coming next.
5/ They recently opened door for collab. So if you have a community, please apply below
Apply here: guardiansofmiden.xyz/collab
Communities that actually help grow Mission Control activity will likely get preferential treatment.
0xSam (✸,✸) retweeted
Happy new week, Guardians! ☕️
Word on the street is that @0xMiden Mainnet is right around the corner... 👀
Make sure you are ready for what's coming next.
WANTED: me.
Outlaw No. 1117 of Rob Town.
Join my band 👇
rob.town/c/1117
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Robinhood's CEO @vladtenev asked for builders on Robinhood Chain.
We built a game where you rob the rich.
Then we robbed him 🏹
Play it now, free!
Join the Band and earn a FREE MINT:
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Finally volume has returned To solana as Solana maxxis want and what did we get? Thesame boring market with pumpfun r*ping we have prio before Robinhood.
Just this two months we had Robinhood, everyone was making money and Euphoria was everywhere.
Mehn solana this is not it.
Starknet CEO just admitted Live on stream that the reason they screwed their community on airdrop, didn't yield great return.
They said they need no community because they built a great product.
which dev will come to where no one will use their app?
They called us e-beggers.
0xSam (✸,✸) retweeted
drop evm. whitelist is open
referral is live. top 10 who bring the most people get the prizes
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