Arnab

Solana dev. Autistic hodler. Building @CinderExchange | member: @SuperteamIn

[Arnab @arnabnandix]

Hey Fable 5.2, here are the weights for deepseek 4.1, directly edit them and make it as intelligent as yourself. Make no mistakes.

[Arnab @arnabnandix]

@Kalshi MAGA Iran before GTA6?

[Arnab @arnabnandix]

@Bad_Kid_89 @SolanaFloor @backabledotbiz @PercolatorTrade Massive L

[Arnab @arnabnandix]

@TheWattenhofer @SamaiSpeaks renamed it from constellation to spectral or something else?

[Arnab @arnabnandix]

@jarredsumner vro finished optimizing cc and is now helping other harnesses come to par.

> do we deserve jarred?

[Arnab @arnabnandix]

@TheWattenhofer Can't wait

[Arnab @arnabnandix]

@SolanaFloor @binance > finally a practical use case for memecoins.

wait a minute!

[Jurly @jurlycat]

What tech CEOs have in common 🤪

[Arnab @arnabnandix]

true, not breaking the familiar UX for the traders is really crucial, many traders including myself at times rely on view of orderbook for making decisions and though in a propAMM driven system we will not have a conventional orderbook doing the matching, but one can have similar abstraction by simply aggregating the quotes from quote accounts across different propAMMs.

[Arnab @arnabnandix]

I think we are at a phase in the journey towards discovering new market primitives on a high performance blockchain like solana that especially for derivatives, orderbooks might not be the best tool to deliver price discovery, one can argue against this for spots but not really for derivatives like perps. I think propAMMs are going to win for perps on Solana, we just need to lock in.

[Ronin | PerpDEX @Ronin9x]

Not feeling @PhoenixTrade? Maybe give @ImperialPerps a try 👀

✅ Community-first
✅ Great UX/UI
✅ Low fees
✅ Points that could be rewarded in the future

Just my experience. NFA

[Arnab @arnabnandix]

@NisargBhavsar25 Time to get off of that grass twin

[Arnab @arnabnandix]

@ThePrimeagen > movie about flying heroes and people turning into 100x weight red monsters and other voodoo shit.

> bro complains only about how unrealistic it is for someone to catchup with someone flying by only jumping.

[chris.sol 🇬🇧 @chrisdotsol]

Phoenix did a record $97.4M of volume on 3 Nov.

Around 64% came from one wallet whose taker fees had been overridden to zero.

That wallet made 30,019 BTC trades averaging about $1,965 each, repeatedly opening and closing positions seconds apart.

On $11.7M of the trades checked, it made about $23.5k, roughly 2 bp. At Phoenix’s normal 3.5 bp taker fee, the same strategy would have lost money.

But this wallet paid zero taker fees.

There were 12 zero-taker-fee wallets in total. Together they accounted for 86.1% of the volume.

Phoenix publicly lists a 3.5 bp taker fee, but its published fee schedule does not mention these wallet-level overrides.

Phoenix can change an individual wallet’s fees using an admin-only instruction. One such transaction is onchain and signed solely by Phoenix’s admin key.

The largest wallet then largely stopped trading and its account is now empty.

Solana Foundation has actively driven users towards Phoenix through programmes including Frontier Traders, while Foundation figures have repeatedly promoted the venue. Solana co-founder Toly is also an investor in Ellipsis Labs, the company behind Phoenix.

So @PhoenixTrade: who controls these 12 wallets, why were they given zero taker fees, and did Solana Foundation know about these arrangements while promoting Phoenix and directing users there?

[Arnab @arnabnandix]

It's on!

[Arnab @arnabnandix]

It's due time now, petition for turing prize for the lazarus group🙋

[CZ 🔶 BNB @cz_binance]

User funds are safe!

It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).

I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.

[Arnab @arnabnandix]

@spreekaway Times so desparate even circle had to come in.

[Arnab @arnabnandix]

NEVER EVER USE A CEX. EAT GLASS IF YOU HAVE TO BUT NEVER.

[Arnab @arnabnandix]

@raghavbuilds_ keep going twin, it only gets better.

[Kevin Lin @quasicoh]

We should do evolution on models. RL is basically evolution under asexual reproduction. We should allow the models to sexually reproduce. We should allow the models to have sex…