Backslammer

Humble Quant | Professional Yield Extractor | AI-Native Research

Turning models into alpha while others larp

[Backslammer @Backslammer]

@TradePools Hello Fwog

[Backslammer @Backslammer]

@eshita @Cloudflare eshita happens 😎

[Backslammer @Backslammer]

Gold and Silver Collateral...
F-I-N-A-L-Y someone did it!

[Ondo Perps @OndoPerps]

Tokenized gold & silver collateral is now live.

In a landmark first, tokenized gold & silver can now back perpetual futures positions as productive collateral.

This unlocks the basis trade, holding spot & shorting the perp to capture funding when rates are positive, for two more of the world’s most traded assets on Ondo Perps, alongside SPYon & QQQon.

To date, Ondo Perps has rapidly accelerated past $6.5 billion in cumulative volume as traders seek:

✅ Tokenized stocks as collateral backing perps
✅ Seamless hedging on a single platform
✅ Deep market liquidity for equity perps
✅ Tight spreads & minimal slippage
✅ CEX-equivalent speeds
✅ 24/7/365 operations
✅ Up to 20x leverage

Tokenized stock collateral means traders no longer need to park capital in stablecoins or sell an asset to gain exposure elsewhere. This is all part of Ondo’s productive capital thesis that brings capital efficiency and ultimately liquidity for equity perps on par with traditional derivatives markets.

Ondo Stocks pioneered tokenized equities. Now Ondo Perps transforms perpetuals trading.

This is just the start. More Ondo Stocks as collateral are coming soon.

[Backslammer @Backslammer]

@arcus_xyz the sleeper part is the backdated spot volume — you're already ranked before you even sign up

stack wallets, bring your old perps history, done

starting from zero? take the ref bump:
https://t.co/4OAH1JFC21

[Backslammer @Backslammer]

@OndoPerps Wasn't eligible? The drop was retroactive, new signups don't qualify.

But if you want to trade equity perps 24/7, here's my ref link (I earn a cut): https://t.co/QBoPtX2ZLy

[Backslammer @Backslammer]

@OndoPerps just credited $100 USDC to accounts that never deposited a cent.

Two conditions, both retroactive:
→ $1M+ traded on HIP-3 protocols
→ Ondo Perps account created, never funded

No claim, no task. If that's you, it's already sitting there. Go check.

[Backslammer @Backslammer]

@OndoPerps Ondo Perps the GOAT.
You better not fade it

https://t.co/QBoPtX2ZLy
Use this Ondo Code for Big Fee discount

[Backslammer @Backslammer]

@Uniswap Its wednesday my dudes

[Backslammer @Backslammer]

@kaminointern @kamino Filtering out low scores is standard practice, but how robust is your risk management against sophisticated deception? What mechanisms do you have in place to catch companies that manage to conceal their financial distress?

[Backslammer @Backslammer]

@PointsOTC @Rijk__ @Pasta_Capital @0xBobdbldr Neat 20k Giveaway

[Backslammer @Backslammer]

@linenmito @variational_io Well deserved, Linen! You spread so much positivity it’s awesome to see that karma coming right back to you

[Backslammer @Backslammer]

Honestly, watching some of these peak financial engineering "Founders" from the sidelines is top-tier free entertainment.

First, you’ve got galaxy-brain founders rugging their own airdrop terms 48 hours before TGE just to set up the ultimate dev-led crime pump.

Second, protocols promising smooth redemptions, only to suddenly hit you with an AI-slop fake PDF of 'frozen bank funds'—whoopsie, guess you’re just unlucky!

And finally, 'vibe coders' managing $24M TVL while storing all their multisig keys in a keys.txt file on an infected MacBook.

Let’s be real: >95% of these protocols aren’t the 'future of finance'. They’re just offshore pop-up shops operating out of a single shared desk in a Dubai free zone. A masterclass in ethics, security, and Photoshop. You almost have to respect the sheer audacity

[Backslammer @Backslammer]

@0xdefidaniel @TxFlow_L1 @BloFin_Official yup, exactly like AFX is from Phemex... or was 💥

[Backslammer @Backslammer]

I’m diving into Grok Build right now, and it’s pretty solid for research. But the real MVP is Grok Imagine—generating good videos basically for free beats dropping hundreds or thousands on tools like Seedance. Sure, Seedance combined with Higgsfield is way easier and higher quality, but looking at the bang for your buck, it’s not even close. Really hoping we get an update soon that gives us a proper framework for detailed video generation.

[Backslammer @Backslammer]

11/ Until those questions are answered, users should treat this as more than a bridge exploit.

It is a governance and custody failure.
Key management remains the soft underbelly of crypto.
Code can be perfect.

Humans, laptops and internal security procedures are not.

[Backslammer @Backslammer]

@AFX_XYZ just lost $24.15M.

But the bridge drain itself may not be the biggest story.

The real question is whether AFX is effectively operated by the same infrastructure and team behind @Phemex_official

Here is what happened — and why that connection matters. 🧵

[Backslammer @Backslammer]

10/ The unanswered questions are straightforward:

Who controlled the five validator keys?
Where were those keys stored?
Were they managed by AFX, Phemex or a shared internal team?

Why has neither @AFX_XYZ nor @Phemex_official published a transparent explanation of the infrastructure overlap?