no risk, no porsche | prev: marketing @nostrafinance
Joined February 2025
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- Following1.7K
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PM retweeted
I think both of these teams have built good products but unfortunately the same result here.
Note this isn't really any apps particular fault, just a stark reality of how hard trading can be and how the average user ends up losing over time.
Legend's is a newer builder and think they have done a good job of onboarding people with no prior HL activity (ie. normies) so it makes sense their all time PNL is less than others.
PM retweeted
Free fee credit (FC) on @TxFlow 👇
Deposit ≥ $50 USDC (net) → get 10% back as Fee Credit, up to $100 per wallet.
$3,000 pool, FCFS.
Offer valid till Oct 17, 23:59 UTC, so it’ll likely run out before then.
Join here: app.txflow.com/campaign/firs…
> Click Join and connect your wallet
> Net deposit $50+ USDC
> FC lands in your account
Open till offer lasts!
PM retweeted
1/ Huge respect for Dragonfly continuing to invest in the bear market.
But I'm morally obliged to call out sketchy projects gaining momentum.
As a community we must preempt large scale implosions like #FTX or #LUNA that set the industry back years
Bitget may be the next FTX 🧵
I'm thrilled to announce @dragonflyvc's investment in @BitgetGlobal.
Bitget is making crypto more accessible with its innovative derivatives products and a user-centric approach, and we're proud to support their mission and growth.
theblock.co/post/224702/drag…
PM retweeted
This is the ArcX order book for ethereum:0xae2f842ef90c0d5213259ab82639d5bbf649b08e points.
Buyers are stacking orders at rates up to 20%, offering upfront yield to MSTRx holders in exchange for their future @xStocksFi points.
No waiting for TGE. The market's already pricing it.
PM retweeted
Since no one was keen on answering this question, I've took it upon myself to build a PUBLIC Dune query which uses FOMO's fee router in order to calculate the total profitability of all active FOMO traders (SOL) in the past 90 days.
The numbers:
> Out of the 292,531 wallets traded through FOMO in the last 90 days, 18,033 of them are in profit.
> Only 6.16% of ALL traders in the last 3 months were profitable.
The median trader is down ~$120. As a group they are down $1.26 BILLION. Of the 6% who are green, 88% made under $100. Only 25 out of 292,531 wallets made more than $10K
Query is public and linked below:
dune.com/queries/8354772
For reference, a "wagering platform" such as Rainbet with a 1% house edge sits at ~37% user profitability over the same time span.
PM retweeted
how long before the peace talks get abandoned and the Strait of Hormuz is shut for the world?
trade with me on @legendtrade
PM retweeted
"When you're winning, everyone's praising you, but when there's a dip, they're gonna comment on your posts. That is when your block button goes up"
Hyperbulla on what running a public vault actually feels like and why the responsibility cuts both ways
"I'm not here for anyone. I haven't asked for anyone's money and I'm never gonna do that. A vault is a place where you can see what other people are doing, how their performance works. If you like it, just deposit your money. It's all on their research, not financial advice, not a suggestion"
"You are trading with someone else's money so you've got to be careful, you've got to manage the risk. But the ones depositing should also be careful"
Humans of Hyperliquid
New Episode w @hyperbulla
We discuss:
- Running vaults on perp DEXs
- Trading in public
- Pair trading
And much more!
1:19 - Intro
2:43 - When trading became a full-time pursuit
5:05 - The "cult" that formed around Hyperliquid
7:34 - Hyperliquid airdrop
10:16 - Running vaults on both Lighter and Hyperliquid
13:36- How depositor withdrawals created liquidation risk
15:16 - His mistake: an unhedged directional position
17:56 - How the "buy pressure" metric on Hyperliquid can be gamed
20:02 - Lighter vs. Hyperliquid comparison
22:08 - Long/short (pair trading) strategy origins
24:34- How he picks his long and short baskets
25:20 - His SUI short thesis (high FDV, low utility)
26:07- His current basket: long BTC/HYPE/oil/MSTR, short SUI and altcoins
32:47 - His price action thesis
34:12 - What Hyperliquid should do next
37:12 - Hyperbulla's thoughts on RobinHood
43:36 - What's the number one piece of advice for traders starting right now?
46:39 - Hyperbulla's thesis on the upcoming cycle
PM retweeted
"I didn't want to submit my KYC. That's the biggest reason I moved to a perpetual DEX"
Hyperbulla on how he ended up on Hyperliquid, why he stayed, and how the vault started as a pure experiment
"I wanted to short a token I was very bearish on. Before that I'd always been trading on top centralized exchanges. Hyperliquid gave me that same centralized exchange type experience and I made some money. That's why I stuck to it"
"The vault was just an experiment. I was exploring Hyperliquid, going through the features, came across the vault setup and was like, might as well just try it. Deposit some funds, start trading with my own money. If people deposit, well and good. Otherwise it's still my money and I'm making money publicly"
PM retweeted
Humans of Hyperliquid
New Episode w @hyperbulla
We discuss:
- Running vaults on perp DEXs
- Trading in public
- Pair trading
And much more!
1:19 - Intro
2:43 - When trading became a full-time pursuit
5:05 - The "cult" that formed around Hyperliquid
7:34 - Hyperliquid airdrop
10:16 - Running vaults on both Lighter and Hyperliquid
13:36- How depositor withdrawals created liquidation risk
15:16 - His mistake: an unhedged directional position
17:56 - How the "buy pressure" metric on Hyperliquid can be gamed
20:02 - Lighter vs. Hyperliquid comparison
22:08 - Long/short (pair trading) strategy origins
24:34- How he picks his long and short baskets
25:20 - His SUI short thesis (high FDV, low utility)
26:07- His current basket: long BTC/HYPE/oil/MSTR, short SUI and altcoins
32:47 - His price action thesis
34:12 - What Hyperliquid should do next
37:12 - Hyperbulla's thoughts on RobinHood
43:36 - What's the number one piece of advice for traders starting right now?
46:39 - Hyperbulla's thesis on the upcoming cycle
PM retweeted
NEW: Hyperbulla joins us to chat about his journey trading on perp DEXes, managing vaults on Hyperliquid, and his biggest conviction trade for rest of 2026.
Full episode drops tomorrow!
PM retweeted
morpho paid $150m in tokens to robinhood and burns $115m/year in incentives to subsidize a 7% APY that costs more than the protocol earns on lending. $50m TVL in 3 days sounds great until you do the math. that's $3 spent per $1 of TVL acquired. gross fees are $19m/month but net margins are near zero. lazy summer vault got hit for 6m DAI via flash loans 3 days before launch. the entire thesis depends on sticky TVL surviving the moment MORPHO rewards get turned off. this is the most expensive customer acquisition bet in DeFi history and it either becomes the stripe of onchain credit or the most elegant way to transfer VC capital to fintech users