life hack
instead of buying deodorant or food at the store
take an emirates business class flight
this way you get a flight and also free deodorant!
food also very good
why is no one talking about this?
What will the next DAO to tweet their treasury addy to be added to the Cabana? 🛖
The rules are simple:
- Tweet it 📢
- Tag us 🏷️
- Start earning % of trading fees in your treasury 🫰
futarchy is a great tool for gauging sentiment and predicting outcomes, but it shouldn't be the final decision-maker in DAOs.
use it to inform policy discussions, not to implement policy.
markets provide valuable insights, but governance requires careful deliberation.
I don't know how I can trust DEXes again after Hyperliquid's $4M loss yesterday.
I'll be depositing my money onto Bybit instead. It makes me more comfortable that their $1.6B hack happened over week ago.
DeFiTuna is becoming one of the best looking projects on Solana. This new upcoming UI is like flying the ironman suit. There's literally no other liquidity provision interface that gives you as much information about your position - including simulation of time in-range, PnL curves.... This is next level 🤯You should try @DeFiTuna
I don't think this change is enough.
HLP's problem here is not the max leverage number. It's that the max leverage is a constant.
Intuitively, as your position size goes to infinity, the cost to liquidate the position increases. The risk engine shouldn't be allowing users to put on the same amount of risk. It should decay max leverage to zero as position size goes infinity, because, to state the obvious, HLP can't hedge infinite risk.
Here's an example curve that does this more prudently. Notice how at a position size of $1 we have 20x, but at a position size of $1,000,000 we have 10x. This allows you to maintain high leverage at small notional values while being responsible on positions with size.
It doesn't matter if your a CEX or a DEX, risk management is (one of) the most important parts of operating an exchange.