D2Y

Decentralized order book-based options trading @solana 🌐 | 💡Intelligent portfolio margining & deep liquidity.

[Jupiter @JupiterExchange]

Say Goodbye to Roundtripping 👋

Introducing Trailing Stop Loss, the newest tool in Jupiter Limit Orders.

Old Stop Loss: You buy SOL at $50, set a stop at $45. SOL pumps to $90.

If it dumps, your profits roundtrip into a loss.

Trailing Stop Loss goes up with the price, protecting your profits:

> Set a % trail (0.5% to 90%), instead of a price
> Your stop loss rises as the price rises
> Zero extra fees
> Works with all SPL & Token-2022 (except transfer-fee tokens)

Same trade with TSL: SOL runs to $90, your stop trails up to $81. But when it dips, you auto-sell at $81.

Most stop losses protect your losers. This one ALSO protects your winners.

Just Use Trailing Stop Loss

[jeff.hl @chameleon_jeff]

Hyperliquid has quietly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for side by side comparison of BTC perps on Binance (left) and Hyperliquid (right).

With HIP-3 teams leading the way, Hyperliquid has also grown to become the most liquid venue for perps on tradfi assets. Thank you to everyone's hard work as we upgrade the financial system and house all of finance.

[Velocity @VelocityDEX]

Introducing: Drift v3

Drift has built through bull and bear to deliver one thing: a better trading experience.

Today, Drift v3 goes live. A modern redesign with 10x faster execution.

Built to outperform.

[Hyperliquid @HyperliquidX]

On Hyperliquid, there is no listing fee, no listing department, and no gatekeepers.

Spot deployment on Hyperliquid is permissionless. Anyone can deploy a spot asset by paying a gas fee in HYPE. Deployers can choose to receive up to 50% of trading fees on their spot pairs. Everything is transparent and verifiable onchain.

The full defi lifecycle includes building a project, launching a token, and trading that token. Every step of that journey can be done permissionlessly on Hyperliquid.

[Solana @solana]

Welcome @RedotPay — the physical and virtual card that lets you use stablecoins on Solana to pay at 120m merchants around the globe ��

Works with Apple Pay and Google Pay. Live now with USDC and USDT support!

[jeff.hl @chameleon_jeff]

Reminder: the Hyperliquid dev team does not profit from increased activity as it does not collect trading fees. On the contrary, it is entirely self-funded with exponentially increasing burn. There is not a single private investor.

>$25M of revenue has gone back to the community through HLP. Another project could have easily pocketed some or all of these profits.

What’s the point of all this? To build something that really matters. When finance moves onchain, it will bring trillions of dollars of value to billions of users. It won’t move for a half-baked system, but the Hyperliquid L1 has a shot.

Some users think that Hyperliquid is already a complete platform. This is flattering, and the Hyperliquid community is indeed one-of-a-kind!

But as someone spending most waking moments pushing Hyperliquid to its full potential, I’m confident that there is a long way to go. In particular, the following are all complex, multi-phase undertakings:
1) deploying the native EVM
2) seamlessly integrating the EVM with existing native components (e.g., order books)
3) fully decentralizing the network 

On top of that, the following are continuously being improved:
1) high TPS and low latency L1 with HyperBFT consensus
2) performant financial primitives including fully onchain spot and perp order books, vaults, oracles, automated liquidity and account abstractions
3) state-of-the-art and community-owned order book liquidity via HLP

When you see a 100x, you drop everything to make that a reality. Factors of <2 are insignificant. Big things take time to build, but nothing else is worth building.

[Hyperliquid @HyperliquidX]

By popular request, you can now long or short $WIF (dogwifhat) on Hyperliquid with up to 3x leverage.

[Solana @solana]

Solana DeFi 2.0 is just getting started 🫡

[D2Y @D2YExchange]

@behemoth_crypto Soon D2Y. Most aren't very liquid right now, honestly.

[Sharding Capital @ShardingCapital]

Gm DXB, Shard Dubai Demo Day is happening on Oct 19!

Gladly introducing @D2YExchange - A decentralised order-book based options exchange built on Arbitrum.

Register:
https://t.co/fOGBxNG7mb

🗓️ Thursday, 19 October 2023
⏰ 4:30 - 7:00 PM
📍 DIFC Innovation Hub

[D2Y @D2YExchange]

In options trading, 𝐕𝐞𝐠𝐚 is the Greek that measures sensitivity to implied volatility. Implied volatility represents the market's forecast of an asset's price movement.

𝐕𝐞𝐠𝐚 quantifies how much an option's price changes with a one-point shift in implied volatility.

[D2Y @D2YExchange]

I'm binding my Twitter account to my Web3 Official Account on @DeBankCloud https://t.co/BI5a3fUw2l Official Account ID: 113305

[D2Y @D2YExchange]

Delta measures a snapshot, while 𝐆𝐚𝐦𝐦𝐚 captures the rate of change in an option's Delta over time.

In simpler terms, 𝐆𝐚𝐦𝐦𝐚 is how the Delta of an option changes with every $1 movement in the underlying asset price.

For example, let's say we start with an option Delta of .40. If the asset moves by $1 and the option moves $.40 alongside it, the Delta will no longer be 0.40. Why?

Because this movement pushes the Call option further into the money (ITM), causing its Delta to shift closer to 1.00. So, assuming the new Delta becomes 0.55 as a result, the change from 0.40 to 0.55 represents the option's 𝐆𝐚𝐦𝐦𝐚: 0.15.

[D2Y @D2YExchange]

𝐓𝐡𝐞𝐭𝐚 ϴ reveals the daily decline of an option's price as it approaches expiration, assuming everything else remains constant. We call this gradual deterioration over time "time decay."

But here's the kicker: Time-value erosion is not a straight line. As expiration looms closer, at-the-money (ATM) and slightly out-of-the-money options (OOTM) experience increased price erosion.

On the flip side, far out-of-the-money (OOTM) options see a decrease in erosion as expiration approaches.

Have a good weekend and we will continue with the final 3 Greeks next week!

[D2Y @D2YExchange]

@DAdvisoor My man..

[D2Y @D2YExchange]

@0xNate_ Cheers! 🥰

[D2Y @D2YExchange]

Unlocking the Greeks of options! Here's what you need to know with the first in the series:

𝐃𝐞𝐥𝐭𝐚 measures how much an option's price moves for every $1 change in the underlying asset.

For instance, a Delta of 0.40 means the option's price could jump by $0.40 with each $1 shift in the asset's value.

[D2Y @D2YExchange]

𝐓𝐡𝐞 𝐅𝐢𝐯𝐞 𝐌𝐚𝐢𝐧 𝐆𝐫𝐞𝐞𝐤𝐬:

These financial metrics help traders measure what impacts options contract prices:
• Delta
• Gamma
• Theta
• Vega
• Rho

We kick off tomorrow with Delta and dive into each one, step by step 👏🎉

[D2Y @D2YExchange]

Understanding options at a basic level is simple:

• Buy a Call? You want the price to soar above your Strike price before the Exercise date!

• Buy a Put? You want the number to plummet below your Strike price before the Exercise date!

Stay tuned for our explainers: bite-sized tweets covering everything from beginner-friendly options terms to advanced Greeks terminology.

[D2Y @D2YExchange]

Delighted to see the influx of new users using D2Y on testnet!

To simplify things further, we will be releasing a step-by-step guide for trading on D2Y while it's on testnet. Coming your way within the next few days!