Afonso

building @felixprotocol | co-founder @threesigmaxyz

[Three Sigma | Web3 Security @threesigmaxyz]

Hello world.

[Afonso @asynctomatic]

@tiagobnova Novaliquid.

[Felix @felixprotocol]

Felix x Ondo

Felix will soon deliver spot equities to users in collaboration with @OndoFinance.

Through Felix’s integration with Ondo Global Markets, Felix users will be able to:
>Access 100+ US equity markets directly through https://t.co/SBPsXIjpGr at launch (expanding to 1,000+ equities over the coming months)
>Trade spot equities onchain with tradfi-level liquidity 24/5
>Borrow against spot equities on Felix (coming soon)

Felix spot equities will not be hindered by AMM liquidity like previous onchain equity products due to our implementation with Ondo. Buyers/sellers will be able to get tradfi-level execution on multi-million dollar equity orders Day 1.

Ondo Global Markets holdings are publicly and regularly audited to demonstrate overcollateralization. Ondo provides daily public attestations, a bankruptcy-remote legal structure, an insurance fund, and multiple smart contract audits. This approach to security and transparency is in large part why Felix is working with Ondo.

More details on rollout will be shared soon.

[Felix @felixprotocol]

TSLA-USDH perp is now live to trade on Hyperliquid

The perp market is deployed and managed by the Felix team (via HIP-3). The starting parameters of the market are the following:

>On hours pricing covers 9:30AM ET to 4PM ET to start (not accounting holidays), with plans to support pre-hours, post-hours, and beyond in the next iteration
>Off hours pricing involves a self-referential price that utilizes the local orderbook’s impact price, with price bands applied around the On hours last close
>The max leverage to start is 5x for positions of 0 - 1M and 3x for positions of 1M+
>OI cap set at 0.5M USD to start

USDH is the margin asset for Felix-deployed perp markets. Beyond the Hyperliquid cultural alignment, our goal is to offer tangible economic benefits / cost reductions to both takers and makers. USDH-margined perp markets will have the following upgrades after the aligned stablecoin proposal is deployed to mainnet: 20% lower taker fees, 50% better maker rebates, and 20% more volume contribution toward fee tiers. Furthermore, we are also introducing the Felix VIP program for further trader discounts. Users can reach out to the Felix team for more information on VIP.

Trade here: https://t.co/qcMRuQf7Ni
Docs can be viewed here: https://t.co/voopQoB7Dq

[Reaz.hl @0xReaz]

https://t.co/OSBMRDDH6P

[Charlie @0xBroze]

https://t.co/cJinhFnsXL

[Eduardo @emaverick90]

The Felix team is considering lowering minimum mint caps based on community feedback to make the protocol accessible to more users.

However, we take a very cautious approach:

- Smaller positions can clog redemptions if gas limits are hit with high volumes of feUSD.
- Liquidation incentives must remain large enough to cover gas costs when closing positions.

We are carefully evaluating all risks to ensure any changes made maintain the security, efficiency, and reliability of the protocol.

[Afonso @asynctomatic]

@ericonomic long live ap-northeast-1

jkjk hyperliquid.

[Afonso @asynctomatic]

I see you @felixprotocol

[Felix @felixprotocol]

Felix mainnet is now live with a 5M mint cap.

Got feUSD?

Mainnet link: https://t.co/3mfKBnP4qJ

[Afonso @asynctomatic]

@0xPBL @felixprotocol Every mev bot’s wet dream

[Afonso @asynctomatic]

Sell side liquidity crisis… bullish @felixprotocol

[Felix @felixprotocol]

1/ It’s finally time for Felix public mainnet. The feUSD mint cap will be lifted to 5M feUSD on Tuesday, April 8 at 12:00PM UTC.

Felix underwent a staged mainnet roll out over the past weeks. The team has been slowly scaling up feUSD to ensure the stable growth of the system.
- We witnessed five successful liquidations and two redemptions
- There is currently 1.5 million feUSD minted
- There are currently 34 borrow positions open
- feUSD/USDC is live on the spot orderbook

[Afonso @asynctomatic]

@Chococaribe1 @felixprotocol only on testnet

[Afonso @asynctomatic]

@SocksNFlops @felixprotocol as of now the oracle precompiles are only available on testnet

[Valhalla @valhalla_defi]

1/ What if trading perpetuals could be open, composable, and unlock new opportunities?

Today, Valhalla emerges from stealth as the first fully on-chain perpetuals exchange, built on MegaETH. We’re leveling the playing field for everyday traders with perpetuals reimagined for the onchain era.

[Three Sigma | Web3 Security @threesigmaxyz]

Liquity V2 is here!

Building on the success of V1, @LiquityProtocol V2 brings even more exciting features while staying true to decentralization and security.

Ready to dive in? 👇
https://t.co/5rVpV3K49Q

[Three Sigma | Web3 Security @threesigmaxyz]

Ever heard about @UniswapFND & @AcrossProtocol’ new ERC-7683 standard?

This proposal for cross-chain trade execution, aims to create a unified framework for intent-based systems across DEXs.

How will this impact cross-chain liquidity and user behavior in DeFi?

Learn below ⬇️

[Afonso @asynctomatic]

@gakonst @phildaian In HB for example if you stall a proposal you risk the network making progress without you and losing on block rewards

[Afonso @asynctomatic]

@gakonst @phildaian What about asynchronous leaderless protocols (eg. HoneyBadger, Dumbo) where no single process is responsible for dictating the “pace” of the network?

[Cantina 🪐 @cantinasecurity]

Welcome to the largest competition in history with... @Blast_L2 🪐

💰 $1,200,000 USDC
🗓️ January 30th, 3:00 PM EST / 20:00 PM UTC
📍 https://t.co/TWbCK36joC

Invite only. Don't have one? Details below:

[Afonso @asynctomatic]

@Mudit__Gupta Shoup published this last year, spicy read indeed.
https://t.co/ASsydfP804