Another reason why builders flourish in the bear market
You can deploy for 30 cents on the dollar
When we simulated our deployment in November, it cost upwards of 2 grand
Today, 700 bucks
Bear markets make millionaires
@solana
10k site views in the past month
looks like someone's trying to scrape our platform
good thing its DeFi and there's nothing to hack
Arcadex is a UI + datatool that connects you to solana anchor contracts
good luck hacking the best blockchain on earth
on @solana coming soon
so for Arcadex
continuous time (365.25 days, no weekend adjustment)
pick a risk free proxy and stick with it
recalibrate iv surfaces hourly not daily
treat it as a first approximation not gospel
the math ports over. the market microstructure does not.
most options pricing assumes european style (hold to expiry). american options let you exercise early and pricing that is computationally expensive.
bjerksund-stensland solves this with a flat boundary approximation. fast, accurate enough, and way cheaper than binomial trees.
heres why it breaks differently on
chain
IV on sol sits 80-120% annualized. tradfi equities do 15-40%.
this isnt just bigger numbers. high vol regimes make the flat boundary approximation in b-s less precise.
add in fat tails from liquidation cascades and jump discontinuities and pure diffusion models start to struggle.
early exercise logic also changes. no dividends on sol means you only exercise early for rate differentials or deep ITM scenarios. different calculus than equities.
We're only a week away from the start of a new year, and in 2026 we're going all in on @solana IRL culture.
We have irl events and conferences planned all over the world.
Starting in February with Accelerate at Consensus Hong Kong🇭🇰 and culminating with the Solana family reunion that will be Breakpoint London🇬🇧.
We'll be announcing much more very soon!
Are you ready?