Tom

Founder @charmfinance. Agent 0.

*Views are my own

[Tom @CryptoMa20]

Obvious solution is use a market maker with transparent strategies, lives on chain 24/7, all fees cleared displayed, and all operations build into code that can be analysed by anyone.

https://t.co/d2PVPM5IMI is the market maker and it does a better job than most at lowest fees.

[Cobie @cobie]

One area of crypto mkt structure that seems very opaque and weird to me still is market maker <> token issuer / foundation relationships. I would guess this is responsible for a lot more issues than it gets credit for.

Feels like in the last year there have been several "our market maker fucked us" stories that just disappear and nobody ever knows what actually happened.

About a month ago, some token crashed like 90% and then the founder wrote some long thread saying "wintermute did it to us" and then nothing happened.

Am surprised there is no solution for this yet: maybe founders should have to publish/disclose the terms of their MM deals, CEXs can formalise some standards which bar listings, or maybe there is some other solution that ppl smarter than me can invent.

I guess you want (1) token buyers have info symmetry on the incentive structure of the MM deal and (2) founders dont keep getting scammed by dodgy MMs or nonstandard agreements.

Pic related.

[Tom @CryptoMa20]

Market making is a >$30bn per year industry with sky high fees, opaque dealing, and earnings that are inaccessible to ordinary users.

https://t.co/RI1OdA1qfY does market making cheaper and better than anyone, and redistributing nearly all the revenue to users.

Look forward to building the narrative on @0xPolygon!

[Charm @CharmFinance]

Charm LST is live on @0xPolygon!

It's the first market maker for sPOL, distributing &gt;97% of market making fees to depositors as extra yield on top of staking rewards.

💰 Earn real yield on sPOL, Polygon's native LST.

👇 More info:
https://t.co/fheDAIWxpK

[Tom @CryptoMa20]

@newmichwill yes this is true but it won't stopped everyone labelling it as a defi hack. Need to push back against this collectively as an industry, as these risks are probably higher in CeFi but is more visible in DeFi due to smart contracts (and that everyone want to bash DeFi)

[Tom @CryptoMa20]

sPOL making 95% of staked POL liquid means massive trading fees and real yields unlocked for POL holders...

[Polygon | POL @0xPolygon]

https://t.co/1Brbk740lb

[Tom @CryptoMa20]

Mythos 2 will prevent any hack mythos 1 finds, then mythos 3 will hack mythos 2 and loop continues in a infinite fear -&gt; saviour -&gt; fear cycle...instant anthropic money spinner 😆😆

[Anthropic @AnthropicAI]

Introducing Project Glasswing: an urgent initiative to help secure the world’s most critical software.

It’s powered by our newest frontier model, Claude Mythos Preview, which can find software vulnerabilities better than all but the most skilled humans.
https://t.co/NQ7IfEtYk7

[Tom @CryptoMa20]

makes me chuckle when some critize others for technical debt, but their code is one that's shut down because it's not wanted by the market 😆

[Tom @CryptoMa20]

I'm getting sick of CeFi calling themselves DeFi. It's not DeFi when a single party have the power to let others withdraw your assets.

Something like this can happen anywhere in CeFi, but it is not possible if non custody is build into code like a properly DeFi protocol.

[Omer Goldberg @omeragoldberg]

2/ The protocol's signer key had full control over:

- market creation
- Oracle assignment
- withdrawal limits

There was no time lock, no multisig, and no delays.

The attacker created the CVT token, maxxed risk params, manipulated the oracle, and drained $213 in 10 seconds.

[Tom @CryptoMa20]

Biggest challenge in ai is figuring out what to build. The problem is magnified 10000x if you made the wrong decision.

[Sora @soraofficialapp]

We’re saying goodbye to the Sora app. To everyone who created with Sora, shared it, and built community around it: thank you. What you made with Sora mattered, and we know this news is disappointing.

We’ll share more soon, including timelines for the app and API and details on preserving your work. – The Sora Team

[Tom @CryptoMa20]

I met Matt way before @katana was launched, and the vision have always been clear - deep liquidity, revenue generating, and serving founders who care. I cannot be more glad he is taking this vision to the next level.

[Matthew Fisher @mfisher10x]

https://t.co/f7EsG3N4oF

[Tom @CryptoMa20]

…because it’s the only way to buidl in an agentic universe

[Charm @CharmFinance]

https://t.co/a8GPscftJP is as close as it get to a permissionless DeFi protocol, with operations driven by code, and reputation build over 5+ years of continous operations.

Not obvious at first, but this is by far the best way to buidl...

[Tom @CryptoMa20]

Look forward to a perp supported by sustainable earnings from @katana vault bridge - an organic source of revenue and yields!

There are strong merits to vertical integration and this is an excellent example with @katanaperp joining the growing Katana stack.

[Katana Perps @katanaperps]

Katana Perps is live.

@Katana has acquired IDEX and launched a native perps DEX built on structural yield, not token emissions.

Early access is open now, and Season 1 points are live. 👇🧵

[Tom @CryptoMa20]

@sama and also to the great entreprenuers who had to shut down their dreams because they can't find the people to code. They now have the means to build (at scale).

YC used to turn them down, now they have other options.

[Tom @CryptoMa20]

AI is producing knowledge at an exponential rate, and the next 1000x ai industry is how this knowledge is being managed.

The is analogus to the early days of the internet, where information is being produced, then google came along with the best approach to manage the info.

[Tom @CryptoMa20]

Deep liquidity and revenue generation is super important everywhere, and i'm very excited at the TGE of a chain that prioritises both of these.

Congrats @katana !!!

[Katana ⚔️ @katana]

KAT is live. The Armory is open⚔️

Katana introduces something new:

A chain that routes revenue back into the ecosystem to reward active users.

At the center is KAT.

Stake, vote, earn here: https://t.co/hmG4UdbQZd

[Tom @CryptoMa20]

@naruto11eth That is assuming they are the only 2 companies building useful llm…ever

[Tom @CryptoMa20]

Charm FX create liquidity for cross-border payments, so it's the perfect product for a payment focused chain like @0xPolygon

[Polygon | POL @0xPolygon]

Earn stablecoin yields from FX pools on Polygon.

Deposit any token into USDC, XSGD, and JPYC pools — with @CharmFinance

[Tom @CryptoMa20]

one thing i didn't realise is just how good https://t.co/oT3SIvCSKH looks on other languages - a truly international web app for everyone!

[Tom @CryptoMa20]

@KyusukJ @xhanicam ウェブサイトはこちらです:
https://t.co/p3WNOvTmer

さらに詳しい情報:
https://t.co/3mdBlnZSym

どちらもすべての言語で素晴らしい見栄えです:

[Tom @CryptoMa20]

Charm FX is huge - every time someone make a payment abroad using stables, charm depositors get a cut.

This is where the @0xPolygon yields at https://t.co/oT3SIvCSKH comes from - all organic, all real, and driven by payments - a fundamental economic need.

[Tom @CryptoMa20]

In the age of AGI, all you have will be your reputation and track record. Buidl them wisely.