Staraptor

Based mfer. I just wanna do hoodrat stuff with my friends

[sam.rx @sam_battenally]

I'm asked about points a lot.

There’s a reason why we haven’t launched an incentive program yet. We are the first to build a fully onchain EVM orderbook that can actually compete in performance with centralised exchanges. I have deep conviction that atomic composability and fully programmable books will be a game changer, and is potentially the missing link holding onchain spot back.

However, with any new innovation there comes challenges and risks, and many of those are unknown unknowns. We are realistic about this. We aspire to build a world-class venue, but that will take time. Much to the frustration of our growth team, I’ve been adamant that we cannot launch an incentives program until we’ve reached some very important product milestones. If we’re fuelling the engine, it must perform.

Milestone 1: Core features live and stable

Onchain reduce-only GTC was a particularly curly one, but we got it live and it’s been in use for over 4 weeks. We launched with TPSL, and we had some early stability issues. Thanks to improving liquidity, latency and adding retries, TPSL is much more stables. Netted-margining is the last key core feature I had on my list. This allows for better capital efficicency when quote both sized of a book. This is will go live this week.

Milestone 2: Listing engine

Listing in an operational art form. The goal we set: the top 10 crypto assets and our first RWA listings. RWAs are the direction we want to focus, and the first listing is the hardest, particularly given we’re bootstrapping liquidity in-house. I’m excited to share, RWAs will be live on RISEx this week!

Milestone 3: Public XLP vault and quality liquidity

Early on we made the tough decision to bootstrap liquidity on the venue ourselves. At the end of the day, liquidity is the product, it’s too crucial not to have control of it’s quality. Prior to launch, the XLP vault and our market making talents had yet to be publicly tested. Being the dominant maker of a venue is an interesting challenge, typically when market making capital preservation is the undeniable priority, uptime is secondary. However, when the exchange user experience is the top priority, uptime is extremely important and wicks should be considered critical failures.

After a lot of work, I’m happy to share the 99.9% uptime target we set has been met comfortably and we have our eyes set on 99.99%.

As for depth, this will continue to improve over time. The targets we set for points are: $100k 1bps, $300k 2.5bps and $600k 5bps. Our order replacement rate has already been pretty good, so with this traders can comfortably load up a 10-20 BTC positions with a few orders. Today we’re about halfway there, but we will reach it by the end of the week. Consider this the MVP to hit our stride for growth, however, we have every intention to grow to world class liquidity levels.

Commencing

In summary, we are on track to hit all our core milestones this week. Additionally, in less than 3 months we’ve processed $2.9B in volume, secure $13M in TVL, the venue holds >$17M in open interest and the XLP vault has yielded over 50% APY. The team and I are happy with where the core features are, and we’re ready to kick off growth and shift our product focus to the features that will make RISEx unique, namely EVM Spot, AutoYield and Permissionless Portfolio Margin.

Points are here, we’re ready.

Week 1 begins Monday the 20th, 00:00 UTC. All activity up until the 20th will be eligible for retroactive points.

More details coming.

[Tread Foundation @treadfoundation]

https://t.co/pz5TljYt22

[RISEx @risextrade]

This is the final call. Ready your boarding pass.

The flight to Season 1 is almost ready for takeoff.

More details here: https://t.co/EoEDS6uvy6

[Nado @nadoHQ]

Post @xStocksFi as collateral for your trades.

AAPLx, METAx, GOOGLx, TSLAx and NVDAx are now live for spot trading on Nado.

Equity exposure, perps and money market positions are evaluated together under one risk engine.

Tokenized stocks backing any position you hold.

Native on Nado.

[Staraptor @Staraptor_eth]

Always fill before shill. TT gets it

[Tristan Thompson @TThompson]

Closed this in profit btw. I usually tp after i post

[Tread Foundation @treadfoundation]

Introducing the Tread Foundation, an independent entity established to support and grow the Tread ecosystem and the future of onchain trade execution.

[Staraptor @Staraptor_eth]

@Jackisnotinabox @ExitLiqCapital @CryptoAlt8 @nadoHQ

[Staraptor @Staraptor_eth]

@Jackisnotinabox @ExitLiqCapital @CryptoAlt8 @nadoHQ Have a little competition and let the community pitch their art

[Staraptor @Staraptor_eth]

Kalshi? The perp dex?

[IcoBeast.eth🦇🔊 @icobeast]

American Perps.

Only on Kalshi.

:)

[Nado @nadoHQ]

https://t.co/9m7rtEHNsr

[LienFi @lienfiapp]

Today, the first purchase of a tokenized U.S. property tax lien was completed on LienFi.

A small step for the platform, but an important step toward modernizing how tax lien markets can operate onchain.

Early access invites will begin rolling out in phases tomorrow.

[Staraptor @Staraptor_eth]

Delivery day @ripdotfun

[Staraptor @Staraptor_eth]

@tread_fi gTread

[Base @base]

What if you could rip packs from your phone?

Collect the cards you pull on @ripdotfun. Redeem them for the physical anytime.

[Staraptor @Staraptor_eth]

gNado

[IcoBeast.eth🦇🔊 @icobeast]

https://t.co/FOkwjp17yc

[Staraptor @Staraptor_eth]

Also bought one.

Lower fees + points multiplier already confirmed and more benefits later. This thing will pay for itself easy

[Ponzi Trader @buyerofponzi]

Bought one

Can think of the NFT as a multiplier to an individuals EV. Round trips are no longer 0 value. The nft will allow my round trip to become more valuable than your (non holder) round trip.

The game is less -ev when including these types of variables

[Staraptor @Staraptor_eth]

@ripdotfun Calling it now, I’m pulling a god pack in 2026

[Staraptor @Staraptor_eth]

@ripdotfun Win some and lose some

[Staraptor @Staraptor_eth]

@beeponbase @runnerbased

[Staraptor @Staraptor_eth]

@basemaxxing Oh?