aki

~{. ;; ^_^ — $$neet&&#}.\\—•^~^{===}!!.•~

[aki @aki11a]

2 of my 6 accounts finished off diamond @HyperliquidX.
> HL is way too far ahead of their time
> Exchange traction is exponentially growing
> the only high risk exposure other than being a hLP is $PURR.

[Near @Nearisbuilding]

https://t.co/JwwTaxd67V

[Grayscale @Grayscale]

1/ $HYPE is one of the clearest examples of DeFi competing with centralized exchanges on product and economics, not just ideology

Can an onchain exchange become one of the major venues for global trading?

A thread on @HyperliquidX 🧵

[bishara @bishara]

boomers are so outta touch they literally have made it on the backs of younger generations and come on air to say shit like this

[0xSun @0xSunNFT]

最近对于交易有了新的感悟。

大部分厉害的交易员，内心都是极度自信的，一个随波逐流的人很难在交易上拿到大结果。问题是，没有人能永远正确，也没有哪一笔交易是绝对意义上的百分百概率盈利，那么最重要的事情，就是在判断对的时候多赚，在判断错的时候少亏。

为了做到这一点，在具体执行上：

1、必须清楚每笔交易背后的逻辑，有大致的止盈思路，和严格的止损策略，从而用有限的风险，换取尽可能多的利润。

2、尽量选择简单的市场与合适的标的，投入适当的仓位，否则会受制于流动性和深度，无法严格按计划执行交易。

以上思路，对于不同资金量级都适用，例如：

小资金玩家参与链上，往往是用大量的试错，来换取高倍数收益。

中等资金玩家，面对近期的妖币行情， 做多要远好过做空，因为做多风险可控，潜在收益高，而做空恰恰相反。

大资金玩家，这半年最适合的市场是股市，因为流动性充足，走势流畅，并且在AI浪潮下，Upside大于Downside。

[s @sershokunin]

👀 @tradexyz @HyperliquidX

[neetguy @theneetguy]

it's neet or nothing

[aki @aki11a]

how u gon fade $neet??? They literally have all day to bagwork ts

[aki @aki11a]

@mmmatt 🙋‍♂️🙋‍♂️

[yang @hftgod]

I want to share my thoughts on hyperliquid’s latest priority fees update. I think it’s going to significantly change the market structure there going forwards longer term.

A lot of the best market makers on HL - Alber Blanc, Pinely etc. are latency edge guys. They’ve already invested significant resources into trying to simulate what the next TOB is going to look like from pre-validated transactions, like by emitting raw mempool transactions from the node or by reverse engineering the binary to listen to the gossip data. Infra like this is all useless now, because you can literally just pay for it. There's a Dutch auction for the slot, you send your IP with your bid, and if you win, the IP gets whitelisted and prioritised, so the gossip data comes 10ms before everyone else.

The change to order priority fees is also interesting - you pay up to 8 bps to reduce the latency of your order. They say it’s empirically 45ms of latency reduced per bp paid, so max of 360ms faster - I haven’t tested this. Under the new system, if a maker cancels their order, that still gets processed first, but for the remaining executable orders, whoever paid more is matched first. Currently it looks like there aren’t that many people bidding for the market data, and even fewer (if any) bidding for the order priority. I think this is because Hyperliquid already implements a speedbump on taker orders which is roughly 250ms but can spike up to half a second so it’s already harder to take - the block time is ~70ms so this is ~4+ blocks as it is, and makers have plenty of time to cancel their liquidity.

These fees are paid in HYPE and burned. This isn’t really new - when protocols see trading firms making money they often want to extract more of a cut. Arbitrum did a similar thing with the timeboost auctions, and I’d say this was pretty successful, in that roughly 20-30% of the latency sensitive dex flow moved onto timeboost, and volumes didn’t meaningfully change. We’re sitting at around a year since they shipped this, and timeboost brought in around $7mn in revenue in this time. This is on (roughly) $300bn in volume, so with Hyperliquid at approx. 10x this, I can see the bull case for them to move to this kind of model.

Objectively, I think it’s a smarter version of Lighter’s design - Jeff basically just waited to see what Lighter’s business model would look like, improved it, shipped it to testnet on April 10th, and rolled it out to mainnet within a week. I don’t think any firm has had time to think about the game theory of how to bid yet and optimise this, but it should basically completely collapse the gap between the top MMs.

Disclaimers - I’m long some HYPE and haven’t sold LIT airdrop (yet).

[aki @aki11a]

here’s my $neet thesis:

I’m all about aligning stars when it comes to formulating a thesis. So let’s look at current stars.

current crypto market: onchain vol = dry, nobody holds anything, everyone is quicker than ever on new pairs, most cults got wiped out, perps guys only left coincidentally are also neets.

current job market: competition higher than ever, saturation highest it’s been, Ai will replace everyone, no jobs left for anyone especially college grads, only neets left.

current economic state: doomer, war, hypergamble or wagecuck for life, taxes will eat you, mortgage, savings, car/life/home insurance, neets benefit the most mentally.

current health states: caffeine, peptides, ADHD, dopamine, doom scroll, qualities of a neet.

These are all things that I personally do not see getting any better. Government isn’t helping, only incentivizing prediction gambling and financial crime. We only have each other and more commonalities will be found in the $neet community. This is bigger than just the words that represent it.

[aki @aki11a]

Now with Claude, everyone’s building custom onchain tooling. Next steps>> running validators/nodes for optimal data collection and pipelining. Not sure how I feel about the market in selling packaged data or “calculated endpoints” for others to build upon because anyone can just copy their calculations. The question is how deep and intricate will people go to get the “most edge data”. I see this as the level to which one formulates a thesis. Thesis based off tweet = bad. News based. Why?

The main route here for trading with AI:
News based HFT -> increases volatility, fastest bots wins, nobody will hodl.

I think that onchain trading will get very hard at least in developing an eye for catching something that’ll stick. Because if the bot is profitable, it’ll just sell and take the money. That’s what everyone is selling rn on the timeline: automated trading bots. The thing that’s hard to develop per algo in crypto is how long to hold per potential narrative. And imo, crypto is all about the 100x riches, not the 30% profit per trade. Those are the dinner stories that attract normie capital.

Pumps to avoid buying into now: news based pumps, tweet induced, whale wallet induced.

[aki @aki11a]

@RaAres @unitxyz the classic: "we can take ur btc during this dip, but we cannot give you custody"

[aki @aki11a]

The overhead here now is with this little liquidity, the J shaped runners now will most likely not be found by following popular fomo wallets. If it is, then all the followers (copytraders) of per wallet must be washed out with a -80% retrace.

Also the way they structure the leaderboard should be based off percentages. Size players can rise to the top easily.

[aki @aki11a]

There are decades where weeks happen, then there are weeks where decades happen

[aki @aki11a]

tired of people taking the exact footsteps as other people thinking it's gonna work for them. And the worst part is, if it does work, it's because 90% of it was unrecognized luck and it'll always catch up later. Focus on edge

[aki @aki11a]

Flash news: There is no "alt season", just circles getting smaller & more competitive. Tired of people thinking alt season is easy money. In 2019, the people who made money are dumbass XRP sheep and presale Unc's. 2021, 30 y/o DeFi chads. 2024 18 y/o Fortnite Trenchers. Circle is getting younger and younger. Adapt or die. Which circle is gonna get rich next

[aki @aki11a]

Escapism is the act of seeking distraction and relief from everyday stress by immersing oneself in alternative activities like hobbies, entertainment, or fantasy. While healthy escapism can provide temporary relief and help reduce stress, it can become detrimental if it leads to avoidance of responsibilities, impacts relationships, or turns into addiction, as seen with things like drugs, alcohol, or excessive social media use.

[aki @aki11a]

gm

[aki @aki11a]

@stewxbt @Cbb0fe 🤣🤣