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Interesting how unprecedented amounts of QE had absolutely nothing to do with rising inflation, and now QT is guaranteed to lower it
dwasse retweeted
Cortex L1 - blockchains, unified. Secured by $SYN
dwasse retweeted
if anyone's interested in contributing to @SynapseProtocol, highly recommend you add a review for this pr:
github.com/synapsecns/sangui…
The more eyes, the better
If an exchange offers “zero slip” trading, then profitability is not as simple as volume * fees.
But surely that is obvious right?
Given FTX happened, what was the probability rumors would spread about nance?
When faced with uncertainty, bayes is all we know
It’s quite simple really, mkt impact of GMX liquidations is proportional to % of GLP that hedges debt exposure
(potentially?) unpopular opinion:
Merging is almost always superior to rebasing, especially if main branch uses squash & merge
AI as dev tooling is super dynamic right now, but my current assessment:
- Overrated for writing tests; hard to convey context and styling especially with large codebase
- Underrated for utility tasks, i.e. "produce script to inject several files with common data", etc
How about we simply make banks custodians of your money, unless you *explicitly* opt in to lending your funds with no FDIC protection?
Or does that cut profits for too many middle men?
dwasse retweeted
“I think part of what happened was that regulators wanted to send a very strong anti-crypto message,” Frank said. “We became the poster boy because there was no insolvency based on the fundamentals.”
cnbc.com/2023/03/13/signatur…
While there is a known hole in the balance sheet, no matter how small, "closing the arb" is not desirable- there will be mass exodus of USDC until those who haven't redeemed are holding bad debt
@circle should halt redemptions until there is certainty regarding stuck funds
My latest: Is this why the arb isn't closing?
Circle says outstanding USDC transactions on Signet won’t process until Monday
theblock.co/post/219045/circ…









