Byel

Markets & Research, perps, one thesis ahead of the plot.

[Byel @Byel_0x]

https://t.co/busbMeklCa

[Byel @Byel_0x]

@metricxyz A month of points before the announcement. For once, finding out late doesn't necessarily mean being late.

[Byel @Byel_0x]

@dreykon_xyz @metricxyz Curious how that 1M gets split between traders and LPs. Could change which side is worth farming.

[Byel @Byel_0x]

Metric’s points program just went live. The clock started on October 15.

→ 1M points distributed weekly
→ Trading, providing liquidity and building all count
→ Points have already been accruing for weeks

Worth checking what’s already sitting in your account.

[Metric @metricxyz]

Metric's Points Program is live.

1,000,000 points are distributed weekly to everyone trading, providing liquidity and building on Metric.

Points have been accruing since October 15.

Used Metric or traded onchain? Head to https://t.co/jTtfQz1DDS to see what you've earned.

[Byel @Byel_0x]

@Lighter_xyz If GME gets halted on the stock exchange, does the perp keep trading or switch to reduce-only?

[Byel @Byel_0x]

@maximus__m @solana @The_DTCC @aeyakovenkoe Can those shares actually be used as collateral in DeFi? That’s the part I’m most interested in.

[Byel @Byel_0x]

@maximus__m @variational_io Picked US30 for the tight spreads. Quick entries and exits, with net costs close to zero.

[Byel @Byel_0x]

How many points for this week of US30 farming on @variational_io?

Quick entries and exits. Barely held positions.

The snapshot was taken overnight. Points haven’t landed yet.

My guess is 4 points. What’s yours?

[Byel @Byel_0x]

https://t.co/busbMeklCa

[Byel @Byel_0x]

@Ondo @AlpacaHQ @SpoutFi Covered calls fund the lender returns. The bit to read carefully: if they're exercised, you can end up with fewer collateral tokens and the same USDC debt.

[Byel @Byel_0x]

@VictorTopDefiG Bold offer before the points drop 😂

[Byel @Byel_0x]

@TradeEvermor If a creator edits a pending rule change, does the 24-hour notice start over?

[Byel @Byel_0x]

@dreykon_xyz Volume growth looks decent, but the real test is what remains after TGE

[Byel @Byel_0x]

@risextrade The 30-day window is the part to watch. 15% isn't a permanent unlock; older volume rolling off can move you back down.

[Byel @Byel_0x]

@redgreenlog @variational_io Come back tomorrow - we’ll see how many points dropped and decide if the strategy works.

[Byel @Byel_0x]

@HavisT83099 @variational_io If they give 5 for this kind of quick in-out on US30 - ready to farm like this until TGE and increase volume.

[Byel @Byel_0x]

@dreykon_xyz @variational_io Tomorrow we’ll see the real number.

[Byel @Byel_0x]

@rgk_degen How many nights have you run this so far?

[Byel @Byel_0x]

@dreykon_xyz @variational_io Team first. Then I’d check the venue’s worst trading day: could traders still cancel orders and cut risk when liquidations piled up?

[Byel @Byel_0x]

@RefractionRWA @bulktrade The toggle on screenshot 2 would be my pick. What makes the $100k+ bucket show n/a even with 31 fills?

[Byel @Byel_0x]

@ggxpeter @HyperliquidX @Lighter_xyz @variational_io “I’d watch for the trading API and buyback details next. Those should tell us more about where VAR is in the rollout.”

[Byel @Byel_0x]

Can $VAR go from open access to TGE faster than $LIT and $HYPE?

→ @HyperliquidX dropped invite codes after ~7 months of gated access. $HYPE followed 407 days later.
→ @Lighter_xyz opened after ~8 months in private beta. $LIT followed 89 days later.
→ @variational_io dropped codes on Nov 11, ~17 months after rolling out referrals. If its Q4 target holds, $VAR follows within 50 days.

407 → 89 → 50 or fewer, if Q4 holds. The waits are too far apart to infer a launch date for $VAR.

[Byel @Byel_0x]

https://t.co/busbMeklCa

[Byel @Byel_0x]

@StrawHatLabs Clean example of what a proper hedge is supposed to do.