Joshua Lim

in crypto: co-founder, @ arbelosxys; head of derivatives, genesis trading; galaxy digital; circle. previous life: equity exotics GS; UBS

[Frank Chaparro @fintechfrank]

Always love a Josh Lim podcast

[Joshua Lim @joshua_j_lim]

1/ this is a major unlock for crypto-native derivatives markets:

[Joshua Lim @joshua_j_lim]

6/ it also enables trades like constructing a positive-carry BTC long position by importing yield from a basis trade on another CEX with higher yields than Deribit's: just post USDe on Deribit and go long BTC perps there against that collateral when the yield spread is favorable

[Joshua Lim @joshua_j_lim]

7/ props to @DeribitExchange and @ethena for pushing the ball forward on more efficient derivs markets in crypto

[Joshua Lim @joshua_j_lim]

the options are trying to tell you something...

[Joshua Lim @joshua_j_lim]

no one is pricing in the surprise 425bps cut in Jan

[Joshua Lim @joshua_j_lim]

quick question, what hedge ratio are y'all using on your DOGE vs USDMXN spread trades?

[Joshua Lim @joshua_j_lim]

hearing rumors the next MSTR convert to be used exclusively to TWAP TRUMPWIN on Polymarket

[Joshua Lim @joshua_j_lim]

"smart traders betting on prediction markets have forecasted that for the first time ever the US will have 1.05 presidents come November 5th..."

[Joshua Lim @joshua_j_lim]

1/ CME Bitcoin options just experienced some of its largest volume days ever, ahead of the US election

two very notable prints happened in the last wk:

[Joshua Lim @joshua_j_lim]

4/ total size was around $350mm notional, which is large even in the context of Deribit

the breakeven on those positions is a touch below $79300, so something like +16% from when these trades started printing

the payout profile looks something like this

[Real-World Asset Summit @rwasummit]

2:25 PM | Panel: What Are the Pillars of a Thriving RWA Ecosystem?

Speakers: Joshua Lim from @arbelosxyz, John Patrick Mullin from @MANTRA_Chain, Clarisse Hagege from @dfnsHQ, Kyle Libra from @paxos, moderated by Colin Cunningham from @chainlink

[Joshua Lim @joshua_j_lim]

5/ very bullish positioning into the election, and great to see institutions sizing up like this on CME

perhaps a good sign that there is and will be growing liquidity in the crypto derivatives markets as the asset class matures

[Real-World Asset Summit @rwasummit]

What makes the RWA ecosystem thrive?

For @clarisse_hagege, @joshua_j_lim, @jp_mullin888 , Kyle Libra, and @ctcunning, the answer is clear: UX.

The ultimate goal? RWAs should be so intuitive that users don’t even realize they’re interacting with Web3 technology.

[Joshua Lim @joshua_j_lim]

mom, can we have an ATH for Uptober?

mom: no, we have an ATH at home

the ATH at home:

[Joshua Lim @joshua_j_lim]

if the spread trade unwind is over then BTC/USD spot should go ____?

[Joshua Lim @joshua_j_lim]

*Middle East war breaking out, VIX and crude spiking higher, China potentially on the verge of major stimulus*

crypto traders: "...oh I guess I should absolutely obliterate vols again!"

*BTC dailys / weeklys crushed to sub 40 vol*

[Arca @arca]

⏪ @joshua_j_lim of @arbelosxyz joined @jdorman81 this week on That’s Our Two Satoshis LIVE to discuss their views on:

➡️ $BTC options on $IBIT
➡️ Limitations of the CME exchange
& more

Watch now on-demand. 👇

[Kemet Trading @KemetTrading]

In our very first episode of Derivatives Decoded, our host, Founder & CEO of Kemet Trading, Ash, speaks with Josh Lim, Co-founder of Arbelos Markets. Josh shares his insights on the dynamic world of digital assets and the challenges faced by participants.

https://t.co/M1CRcM9YKF

[Joshua Lim @joshua_j_lim]

1/ sorry for the long thread: I’ve had many convos around the SEC approval of IBIT options. my smart colleagues in the industry (h/t @dgt10011) have written great commentary around it...

my own views are more nuanced and tempered, but as always expect the unexpected in crypto: