Atlas

From trading in Tier 1 banks to becoming a Full Degen Ape. #DeFi got me.

[Atlas @AtlasIsMe]

[1/9] A quick technical tip🧵you MUST do before aping to avoid rugged (ex of unicornodes)

Even if you have 0 knowledge about coding, a 14 yo child can spot those technical red flags.

A bonus note on why we need a better KYC agency.

Let's dig into it : audit vs launch 👇

[Grayscale @Grayscale]

Grayscale Hyperliquid Staking ETF (Ticker: $HYPG), the $HYPE ETP with the lowest gross management fee in the U.S.¹, starts trading tomorrow.

$HYPE is the asset powering 24/7 onchain markets, with @HyperliquidX driving trillions in perpetual trading volume²

Direct $HYPE exposure and staking. In your brokerage account tomorrow.

Hyperliquid.

[Atlas @AtlasIsMe]

@TrustlessState @Lighter_xyz Never seen you posting about hyperliquid.
But always here to shill the projects where you are a seed investor.
We need more people like you in this space

[Atlas @AtlasIsMe]

@felixprotocol No ADL or capping profits on gTrade perp dex
+4137% return for some traders

https://t.co/UudRzau21c

[gTrade | Gains Network 🍏 @GainsNetwork_io]

147x long on $WTI and a +4137% return? Only on gTrade.

When RWA markets move fast, traders should be able to capture the full move.

No ADL.
No profit caps.
No forced closes.

Just execution.

[Atlas @AtlasIsMe]

@NewtypeTrades @GainsNetwork_io Arbitrum has the best trading conditions

[Atlas @AtlasIsMe]

@pixpio @munchPRMR points ended though right?

[Atlas @AtlasIsMe]

1/ Ratio of OI between HL and Lighter is actually increasing in favor of HL
2/ Incentives on Lighter might not be over, traders holding positions & trading in hope of a final distribution of points (happened on HL). The final re-distribution of HL gave more points than any other week
3/ Relative OIs of HL vs CEXes are on the rise recently
4/ Ratio of OI & Volume on stocks on HL vs Lighter is much bigger for HL

I hold a decent bag of Lighter points — this isn’t bias.
Just stop spreading misinformation, kid.

[Atlas @AtlasIsMe]

@_El33_ @tayvano_ @LucaNetz @kaiynne You also need to do dd on Lighter latency during volatility. It was covered recently. It explodes by a magnitude every time the market gets volatile, which make those tables irrelevant

[Atlas @AtlasIsMe]

@koolkrypto223 @Eugene_Bulltime Where did you read that market expires worthless if not TGE by EOY?

[Atlas @AtlasIsMe]

@munchPRMR Audience traders is mainly in Asia; great UI/UX though (better than top perp dexes)

[Atlas @AtlasIsMe]

@ilyessghz2 @paradex @extendedapp @Lighter_xyz @HyperliquidX Can you incorporate funding rate + basis (divergence from oracle price)
Otherwise hard to chose

[Atlas @AtlasIsMe]

@Henrik_on_HL What sharpe decline ? Relative OI vs CEXes and other perp dexes are steady

[Atlas @AtlasIsMe]

@Derivatives_Ape Those are just the early days. You don't remember that first months on trading perps on coins on HL; 400-500% funding rate was considered normal.
As more MMs plug in; this will normalize

[Atlas @AtlasIsMe]

Essentially because ADL is per symbol ie per market. Doesn’t take into account cross margin at all.

I got ADLed on Binance on my shorts on LUNA, why my cross margin long positions were in the red.

It’s very hard to design a cross margin ADL cross symbol.

This is a risk that you need be awere of and that can occur in extreme scenarios (LUNA, FTX, today etc)

[Atlas @AtlasIsMe]

@0xFinish @HyperliquidX Pre-markets have no oracle price and no liquidity. Hedging even with 2x leverage is extremely high risk.
Same can be done on any platform.

[Atlas @AtlasIsMe]

@0xBreadguy What's the main usage of TPS in a Blockchain? It's exchanges right (dexes & perp dexes).
There is no point having any exchange built on top of HyperEVM when you have hyperCore already for that.
HYPE should be seen as BNB competitor, not a L1 competitor.

[Atlas @AtlasIsMe]

@delucinator check my DM; commented on this

[Atlas @AtlasIsMe]

@NMTD8 @cz_binance Not necessarly $10m loss. They would ADL their position logically (ADL ie give less profits to long traders). ADL is very normal in this scenario

[Atlas @AtlasIsMe]

@NMTD8 Most been farming funding

[Atlas @AtlasIsMe]

@IncomeSharks @bankless @TrustlessState not covering one of the biggest airdrop in crypto history, @HyperliquidX , is a fair illustration

[Atlas @AtlasIsMe]

Your total cost of opening a position is not fees only; it's fees + price impact. If you open a $150k short on AAVE, you will pay :
on gTrade 0.08% (fee) + 0.022% (price impact) = 0.097% of cost
on hyperliquid 0.035% (fee) + 0.099% (price impact ) = 0.134% of cost

even if it's a maker order, total cost is 0.109% so higher

entry fees will soon be reduced