dwasse (@_dwasse) header
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coding, trading, enjoying

Joined October 2011
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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
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Cortex L1 - blockchains, unified. Secured by $SYN
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dwasse retweeted
Supporting crypto is a political IQ test
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OpenSuccession
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The wait is over. The Interchain future is here. Testnet live today! Synapse Interchain Network: the first Optimistic Proof of Stake Interchain Network Synapse Chain: An L2 built on the Syn OP stack. Apps deployed have access to all interchain state Let's go Synterchain 🧵
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If nance were to invest in rollbit I think CT would explode
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If an exchange offers “zero slip” trading, then profitability is not as simple as volume * fees. But surely that is obvious right?
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Given FTX happened, what was the probability rumors would spread about nance? When faced with uncertainty, bayes is all we know
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GTX is now unironically the appropriate name for FTX 2.0
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It’s quite simple really, mkt impact of GMX liquidations is proportional to % of GLP that hedges debt exposure
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If you claim “no orderbook means no market impact” then it follows that you think GLP is a massive ball of dead money that’s impartial to changes in exposure
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(potentially?) unpopular opinion: Merging is almost always superior to rebasing, especially if main branch uses squash & merge
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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
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“I didn’t take a massive drawdown in 2022; my shitcoins are strictly Hold To Maturity”
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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?
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“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…
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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…
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They had to do this on a Friday didn't they
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SBF would have launched USDC-PERP by now
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Perhaps “continuously bet that <x% of callable loans are actually called” is a fragile business model?
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