Ray Song

janitor @capricorn_tech. prev: @jump_ , @pythnetwork, @flowtraders, @susquehannasig; ex hft trader.

[Ray Song @Raysong]

again on leopold and many others. schadenfreude is a sickness in our society that should've cheered the risk-takers on

[Ray Song @Raysong]

i don’t respect trolls who only come out of the bushes to pile on when someone’s down

[Capricorn @capricorn_tech]

Today, we become Capricorn.

With our acquisition of @CapricornDEX, we're unifying under one name and one mission at our new home: https://t.co/Cw8rB8vWFk

All products stay live. $APR stays $APR.

More coming soon.

[Ray Song @Raysong]

robinhood chain goes live 7/1

credible source

trust me bro

[Ray Song @Raysong]

Ant over LaMelo was clearly the right choice but it’s disappointing that a professional sports team would get nervous and the media would mock a teenager just for dreaming big

[NBACentral @TheDunkCentral]

LaMelo Ball reportedly scared the Timberwolves away during the draft process when he said he wanted to be the President of the United States, per @JonKrawczynski

“So, we know they picked Edwards. But that’s not my little nugget for you all. It’s why they picked Edwards. There were a million different reasons in their evaluation. But one of them was that they had an interview with LaMelo Ball during this process—trying to figure out, ‘Hey, is this the guy for us?’ And LaMelo… did not interview very well. One of the questions they asked him was: ‘Hey LaMelo, after you’re done playing, what do you see yourself doing? What kind of things do you aspire to?’ And LaMelo said: ‘I want to be President of the United States.’”

(Via https://t.co/Bf3B3fW7Ia)

[Ray Song @Raysong]

it’s a small tragedy that james dale davidson doesn’t post on twitter

[Ray Song @Raysong]

edge compounds:

better infra/model and more capital → higher win rate and risk tolerance → tighter quotes, more flow, and more market share (very winner-take-all) → more capital to reinvest in infra/model

leaders pull away until microstructure changes or new products appear

[George Coyle @gfc4]

If Jane Street is making so much money, why isn't anyone coming in to compete thus reducing their revenue? Technological barriers to entry?

[Ray Song @Raysong]

I am a long-time admirer of @davidasinclair’s longevity research

also found it morbidly funny that D.A. Sinclair in @InvincibleHQ is a mad biochem scientist who believes humans are flawed and need fixing

[Ray Song @Raysong]

praising sbf’s investment acumen is a category error.

managing capital within a mandate and risk parameters is completely different from punting with customer deposits like a shakespearean monkey.

[Capricorn @capricorn_tech]

👀

Just some solid APR on $APR LP positions across @PancakeSwap and @CapricornDEX on Monad

[Ray Song @Raysong]

wish it were true, but local models pale against frontier models in quality, and i don’t understand how people can live with ~10 tks/s

[Medvid @Medvidio]

A guy was paying $200/mo for Claude Max. His subscription burned through in 3 hours of work.

He bought a base Mac Mini for $599. Installed 5 local models on it. One command. One flag.

His office neighbors thought he was mining crypto.

He just taught the machine to sort messages, compress context, and keep the system alive while he sleeps.

At 4am Claude hit its rate limit. The local model picked up. In the morning he read the logs - everything worked. He didn't even wake up.

A team doing the same thing - that's 3 engineers and $15,000/mo on API costs.

He paid $599 once.

35 billion parameters on 16 gigs of memory. Everyone said impossible. One flag in one command proved them all wrong.

And people like him - there's only a handful so far.

[Ray Song @Raysong]

i don’t respect trolls who only come out of the bushes to pile on when someone’s down

[Ray Song @Raysong]

i interned at sig 6 yrs ago when the sports trading desk had been around for 3

it was also early in covid when we talked about how a market on deaths could converge to truth about its severity (morbidly but quickly) as a public good

fitting to see sig on kalshi's $1B bracket

[Kalshi @Kalshi]

The $1 Billion Kalshi Perfect Bracket Challenge

$1 Billion for a perfect bracket
$1 Million guaranteed to the top scoring bracket
$1 Million to charity and scholarships

See the full rules and submit your bracket: https://t.co/oIRws6H3Jn

No purchase or deposit required. SIG Parametrics, LLC, a member of the Susquehanna International Group of Companies, is financially backing this promotion.

[Ray Song @Raysong]

used obsidian early on, then stopped for no real reason. coming back into it now with AI integration and it’s been pure joy.

[Capricorn @capricorn_tech]

Season 1 of APR Boost has concluded.

We are distributing allocations to all eligible participants across direct interactions and ecosystem partner waves.

Looking forward to the next phase.

[Chainlink @chainlink]

aprMON is now a Cross-Chain Token (CCT), powered exclusively by Chainlink CCIP.

@aPriori also integrated Price Feeds to secure its APR & aprMON markets.

[Bitvavo @bitvavocom]

New listing - World Liberty Financial (WLFI) 🙌

You can now find $WLFI @worldlibertyfi on Bitvavo.

Explore it here ➡️ https://t.co/b3X1SYwvw2

[Ray Song @Raysong]

We’re excited to roll out APR Boost.

A few things to note and add:

⌘

"65% goes to users who interact directly with aPriori’s products, using a fixed public formula."

Most incentive programs keep their scoring rules vague for good reasons, but we decided to open source ours completely.

We are unfazed even if people want to gamify or farm the system. We built APR Boost expecting users to optimize, but in all honesty, genuine activities alone should get you a long way.

Since $APR is already a liquid token instead of a points system, users can immediately get a sense of the value they are earning with their actions. We want to stay fully transparent while still growing the business in a healthy way.

Have fun: https://t.co/0ZCTYtPk7u

⌘

"The daily-updating dashboard goes live later this week."

The team is pushing hard to make sure the data is accurate and easy to follow.

⌘

We’ve assembled an amazing group of partners who will be sharing more about how $APR fits into their protocols. I’m genuinely grateful for their support.

⌘

Mainnet airdrop claim opens in 3 days, and you can check your status now. We originally planned for instant claims on day one, but launching on a brand new L1 takes more time to get everything fully ready.

This includes infrastructure, trading venues, and especially liquidity. The team will be working around the clock to make sure $APR pairs have enough liquidity across different venues through both incentives and a direct provision on the bid side with MON and USDC.

Once claim opens, the entire amount will be claimable instantly.

Our short term goal: when users claim, they should be able to trade or use a meaningful size of $APR directly on Monad without needing to bridge out.

Our long term goal: $APR becomes the most liquid asset on Monad.

⌘

When checking your airdrop status, make sure you connect your social, Discord, and EVM wallet so you do not miss out.

⌘

Looking forward to sharing more as we keep building. Thank you to everyone in the community who has been with us from the start.

[Ray Song @Raysong]

We’re excited to roll out APR Boost.

A few things to note and add:

⌘

"65% goes to users who interact directly with aPriori’s products, using a fixed public formula."

Most incentive programs keep their scoring rules vague for good reasons, but we decided to open source ours completely.

We are unfazed even if people want to gamify or farm the system. We built APR Boost expecting users to optimize, but in all honesty, genuine activities alone should get you a long way.

Since $APR is already a liquid token instead of a points system, users can immediately get a sense of the value they are earning with their actions. We want to stay fully transparent while still growing the business in a healthy way.

Have fun: https://t.co/0ZCTYtPk7u

⌘

"The daily-updating dashboard goes live later this week."

The team is pushing hard to make sure the data is accurate and easy to follow.

⌘

We’ve assembled an amazing group of partners who will be sharing more about how $APR fits into their protocols. I’m genuinely grateful for their support.

⌘

Mainnet airdrop claim opens in 3 days, and you can check your status now. We originally planned for instant claims on day one, but launching on a brand new L1 takes more time to get everything fully ready.

This includes infrastructure, trading venues, and especially liquidity. The team will be working around the clock to make sure $APR pairs have enough liquidity across different venues through both incentives and a direct provision on the bid side with MON and USDC.

Once claim opens, the entire amount will be claimable instantly.

Our short term goal: when users claim, they should be able to trade or use a meaningful size of $APR directly on Monad without needing to bridge out.

Our long term goal: $APR becomes the most liquid asset on Monad.

⌘

When checking your airdrop status, make sure you connect your social, Discord, and EVM wallet so you do not miss out.

⌘

Looking forward to sharing more as we keep building. Thank you to everyone in the community who has been with us from the start.

[Ray Song @Raysong]

@aPriori Results over rhetoric: any big talk or empty promises before a live product on mainnet are just fluff.

So, I’ll save everyone some time and let execution do the talking.

See you Monday on Mainnet.

[Ray Song @Raysong]

@aPriori Results over rhetoric: any big talk or empty promises before a live product on mainnet are just fluff.

So, I’ll save everyone some time and let execution do the talking.

See you Monday on Mainnet.