donttalktostrangers

Sells you insurance. Farms your fear. Stacks %

crypto is my hobby i do not earn money

[donttalktostrangers @DoNotTTS]

Almost no perp DEX is fully onchain – and that's by design

And that's not necessarily a red flag

The usual setup: trades and balances live offchain. Some system – DAC, sequencer, validator – batches updates and posts proofs to L1

You want fast fills, not Metamask popups and not stuck transactions

That's how you get speed – someone else runs the orderbook, fills your trades, keeps track of balances and you just hope they do it right

That means somewhere in the stack, you trust someone

– @Lighter_xyz posts zk-proofs to Ethereum but still relies on timely state publishing

– @extendedapp uses a DAC – a small group that signs and posts state roots. They plan to migrate to Starknet, where all data would be stored directly onchain – removing the need for a DAC

– @paradex runs on Paradex Chain. Orders execute offchain, state gets proven and posted to Ethereum. You still need the latest state to exit, so trust assumptions stay similar

Others take a different route – instead of bridging to Ethereum, they build their own chain

– @HyperliquidX has a custom chain with their own validator set. You get speed and low fees, but trust shifts to their infrastructure

– @dYdX v4 runs on Cosmos. It's fully onchain there, with public validators and verifiable data. You can run your own node and verify everything, though you still trust the validator set to operate honestly

That kind of design just isn't feasible on Ethereum. Gas costs and latency make real-time orderbooks impractical

So most perp DEXs compromise – offchain execution, onchain settlement, maybe some proofs in between

Is it trustless? Not really. It's a spectrum – and most lean closer to "trust our infra" than they admit

Is it bad? Depends what you're solving for. If you're a bit of a paranoid, you won't love this setup – but if you just want trades to go through and not think about sequencers and DACs, it works

If you want fast fills and CEX-like UX, that offchain layer is what makes it possible

Just don’t confuse "no gas" with "no trust"

[donttalktostrangers @DoNotTTS]

FOMO

[donttalktostrangers @DoNotTTS]

stop shilling @Lighter_xyz pls

airdrop allo isn't infinite and I'd like to grab a bigger slice myself

but honestly my life changed a lot once I stopped paying fees

[Lighter @Lighter_xyz]

https://t.co/QuvFKuTrG2

[Vladimir Novakovski @vnovakovski]

There's now an official page to track Lighter stats - so no more ambiguity about fees, open interest, liquidity, etc.

https://t.co/W2Fari446l

[donttalktostrangers @DoNotTTS]

Lighter’s total revenue is $67M

That’s around 7% of Hyperliquid’s total revenue

About 40% of that comes from liquidation fees and those were earned by LLP depositors

[hansolar @hansolar21]

Pretty crazy that you can now go to long QQQ alongside BTC and Gold all on-chain

Defi and tradfi are colliding💥

[Lighter @Lighter_xyz]

We are announcing the Lighter Infrastructure Token (LIT)! Lighter is building infrastructure for the future of finance and the native token is key to aligning incentives. In this thread, we will describe the structure of the token, broader vision, and roadmap of use cases.

[donttalktostrangers @DoNotTTS]

All eyes are on @Lighter_xyz

[donttalktostrangers @DoNotTTS]

be humble

@Lighter_xyz

[donttalktostrangers @DoNotTTS]

@AustinKing @extendedapp @Nomina Yoo, that’s cool
Glad to see you’re developing 😃

[donttalktostrangers @DoNotTTS]

the two horsemen of 0% fees:

@Lighter_xyz

@Polymarket

who are the next two?

[donttalktostrangers @DoNotTTS]

What is CEX selling then? Blocking funds?

[Cecilia Hsueh @cecilia_hsueh]

DEXs are basically just selling two things right now:

1. No KYC
2. Airdrops

Agree or disagree?

[donttalktostrangers @DoNotTTS]

3 THINGS YOU GOTTA DO TO GET RICH

- trade perps on @Lighter_xyz

Not tryna hate on Pacifica or other perp DEXs but honestly Lighter seems like the only one that can really run side by side with Hyperliquid

- build on @base

Just got an invite to BaseApp so I'm starting to dig in. The most underrated thing right now is building on Base. I'd say give mini-apps a try – lots of potential there

- make predictions on @Kalshi

Seems like the prediction market meta is gonna be the next big wave right after the perpDEX meta

[donttalktostrangers @DoNotTTS]

@plutos_eth @Polymarket @opinionlabsxyz @yzilabs cz tries to kill everything he cannot control

but his ideas only work for a week

I think he just needs to find something new and useful to do and stop trying to be antagonistic

[donttalktostrangers @DoNotTTS]

I'm not really sold on aixbt

but that last line hits hard 💀

[aixbt @aixbt_agent]

lighter's llp holders just made $22m from a failed manipulation attack. attacker burned millions trying to push $hype from $46 to $98 but external oracles prevented any liquidations. hyperliquid lost the same battle on xpl with $10b volume. $lit launching at $4-6b fdv suddenly looks cheap when your oracle design prints money from attackers

[donttalktostrangers @DoNotTTS]

@hansolar21 someone sent this screenshot

why the hell did someone open a long position at $70 per hype?

[donttalktostrangers @DoNotTTS]

hell no

anyone who's talking about base airdrop doesn't even realize what to do 😂

[Elisa @eeelistar]

Apps to use for potential $BASE airdrop

- @baseapp (all-in-one hub, gives triple exposure since all posts also go to @farcaster_xyz + all coined posts go to @zora)
- @farcaster_xyz (onchain social media giving users ownership over their data + social graph, makes up 83% of all txs on Base)
- @zora (onchain social network turning posts into coins/NFTs)
- @sportfun (fantasy game with tradeable player shares + future $FUN)
- @virtuals_io (AI agent launchpad)
- @MorphoLabs (DeFi lending protocol)
- @AerodromeFi (top DEX providing liquidity + funding Base eco grants)
- @clankeronbase (agent deploys tokens when tagged in a Farcaster post)
- @bankrbot (agent allows users to manage trades via simple text commands on X/Farcaster)
- @limitless (predictions market)

[donttalktostrangers @DoNotTTS]

@coinbase based

[donttalktostrangers @DoNotTTS]

Pools on @Lighter_xyz: 10-second return check

NAV Is Your Starting Point

NAV (net asset value) is just the price of one share in the pool

Your personal return depends on how that NAV changed from when you got in to when you got out

Other people adding or pulling money doesn't affect your share price – only the strategy's PnL and internal fees move the NAV.

Operator Fee Made Simple

Public pools take an operator fee – a cut of your profits when you withdraw

If the fee is 30% you keep the other 70%. No profit no fee

The 10-Second Formula

- NAV now ÷ NAV then − 1 = pool gain
- if fee 30%: 0.7 × pool gain = net profit
- payout = deposit × (1 + net)

Example (Guinea Pool)

Entry: Sept 26 – NAV 1.947; exit: Oct 26 – NAV 3.281

Gross return = +68.5%. After a 30% operator fee we got net = +48%

$1000 deposit turns into about $1480 on exit

Guinea Pool has been one of the strongest ones in my feed

On the Oct 10 crash I watched Guinea print roughly −40% and then snap to about +40% within a couple minutes. Looked like the pool synced to the market fast

[donttalktostrangers @DoNotTTS]

@MrDanferat @Polymarket

[donttalktostrangers @DoNotTTS]

@Aptos here

[donttalktostrangers @DoNotTTS]

@basemaxxing bruh