semi-retired perp dex enjoyer ex: quality officer at @cookie3 and @cookiedotfun 🍪
Joined March 2021
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gLighter,
got many questions about yesterdays weekly Lighter Points post so here is some wrap up I've created (answer for most of them)
to conclude:
volume is not everything as I clearly stated proving it week after week, usually got few points trading ~$100 and doing very very little volume (I to be honest use it for my enjoyment that I can buy few Lighter points for few dollars a week)
QA (tips for you):
1. which pairs you are trading?
- I am using mostly new pairs/low OI pairs (think about it in the simple way, you can open x50 position on majors where there is billions of volume or open x3/x5 position on fresh market with less competition)
2. how long do you keep trades open?
- I dont know, there is no desired time for the trade, do it organic way, think that you are trading and points are given on top not opposite
3. are you net positive or negative?
- usually positive but from time to time it's opposite but I dont gamble this, if you can stay positive then just do it (isnt that the clue of trading?)
4. do you liquidate yourself on purpose?
not on purpose but sometimes happen organically haha
things to consider that could be counted (are not sure):
- my Lighter account is 9 months old
- held mid 5 figures in LLP for quite long time
- I am using mostly maker orders (instead of market ones)
- my overall ratio should be good after long history of organic trading
stay organic, don't chase the volume, enjoy the process, it's not a wash trading competition
thanks!
been positioning short term side wallet for monday open but did not expect this kind of move on weekend
ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 is moving sick both ways so play safe with leverage
the most leftist coin, did not expect that, every other coin i'd expect that it's trolling but we know how true Zcash believers look like soo..
Hey guys,
forum.zcashcommunity.com/t/z…
I sold.
I'm sorry.
This doesn't require a coinholder vote.
Even if the current funding proposal passes, ZCG will still have enough money to fund this without coinholder approval.
I'll be back if/when ZCG is completely defunded and all its preexisting funds are clawed back.
imagine crypto company that can cover $3.3B loss 🤯
you know where that $3.3B came from (users fees)
while @Lighter_xyz has 0% fees, incredible
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
- so it's been more than a year since 10.10.25, we good now, right?
- well, we might save another date 29.10.26
unforortunately EVERY hack on EVERY platform is negative for WHOLE crypto industry, it's extraction, nothing else, those funds (which won't be frozen) will leave the industry and hacked entity will use other funds to bury the hole (if possible sigh) instead of growing industry
5 minutes and @papertrade_xyz stakers got $1.2m
got $68 as well, not bad for 5 mins
(lost xx k's in this dump so not cool)
for real, you can't see this reply if you go to main tweet, lol
looks like car did hide it for real LOL
next LVL larp, larp that pretends to be drained to shill reflink, daaamn
that would be wild af if true
teapaw.org/TheGreekTrader/status/…
on the start i'd like to mention that I didnt do proper due dilligence on this project and I am no bd or marketing guy
Im just a simple perp dex enjoyer and poor airdropper constantly looking for places to trade and farm
there were hundreds of protocols I've been using and farming and probably twice as many that farmed me instead
some time ago we poor airdroppers realised that if someone is doing more than just hinting an airdrop then its gonna be pennies or you'll be the one getting farmed
I didnt even need to do DDon @TxFlow_L1 since I was constantly getting dms from team members
thats the major red flag 🚩
real projects dont need to spam randoms for volume
if the team is DMing randoms like me unprompted for an airdrop I already know how this ends
imagine hyperliquid lighter extended or variational doing that
bearish af
for me its a red flag and a skip
nonetheless to all farmors inside it, hope you can make money on it instead of being the one who gets farmed
TxFlow is Hyperliquid from Temu
They forked Hyperliquid's Arbitrum bridge and changed the name. They copied HyperUnit too and forgot to change the name: txrelay[.]com literally says "Unit is the asset tokenization layer on TxRelay". The frontend, the API and the fees are Hyperliquid's. Even the slogan. The L1 is closed source, with Hyperliquid's naming on everything: TxCore, Tx-BFT, TIPs
Hyperliquid is closed source too, but it has 27 validators that each post prices, and anyone can run a node to check them. TxFlow has 5 validators, all its own, nothing you can run, and one key that acts as the entire oracle. The same key sits on the bridge multisig
So it's a centralized exchange secured by a 3/4 multisig. Their own audit says those keys "can propose arbitrary withdrawals"
And the growth plan is KOLs shilling ref codes
gm
still surprised so many of you got personally touched that i somehow said @variational_io is worse than @arcus_xyz
what made you think that?
i never said it's better, just that i tried it and it doesnt work so well for me
as for arcus i have no idea yet, will find out
that got me thinking though
do you want me to do a real first person comparison or do people only care about points and we dont give a damn about better ux and feeling?
got few DMs why I don't try @variational_io instead of @arcus_xyz
well, I actually gave it a try last few days
this was my first and last week on variational
sent 15k to check how it works, done like 400k volume on x1/x2 leverage and got ~20 points but using it is just pain the ass
why?
- high spreads even with x1/x2 low margin positions
- OI cap on most intresting pairs
- liquidation price is a joke
- no TWAP
I don't want to FUD your bags and hope you can get $185 pp but it's honestly not for me (no hard feelings, var has tons of users and volume so they dont need me there)
I am still using Lighter/Extended/Hyperliquid but got long term positions with size there and looking for side hustle
wagmi frens
PSTR x PAPER coded
that could be your hedge against holding spot/longs, since it'll earn more and more money even when crypto market dumps
right now @paperstrategy_ is top 2 holder of paper and is getting 10% of daily paper emissions
15% of PSTR burned in 2 weeks, can you imagine that?
