A note on the SPCX pre-IPO (IPOP) contract:
TradeXYZ IPOP contracts are price-based perpetual contracts that track the market-implied expected price of one share of Class A or common stock. Neither share count nor market cap are an input to the market specification, oracle methodology, or conversion treatment.
Our documentation had previously featured educational examples showing how a user might derive their own fair price in a scenario where they started with a view on both market cap and share count. Although these examples were included for context, we received feedback that they caused confusion, so we have removed them from the documentation.
TradeXYZ does not use, publish, or rely on a share-count or market-cap denominator for SPCX or any other XYZ market. When SpaceX completes their IPO and sufficient external market data becomes available, SPCX is expected to transition to standard external oracle pricing, and the contract is expected to converge toward the public trading price.
Dear edgeX Community,
We want to be transparent with you: we have observed a sudden and irregular price movement of the EDGE token and are actively investigating the cause.
Our team is working urgently to understand what has occurred. We will share our updates as soon as we have confirmed information to report. In the meantime, please rely only on official edgeX channels for updates and be cautious of unverified speculation.
We appreciate your patience and continued trust in the project.
@0xasrequired@minara does it somehow change the fact that trading on lighter is just cheaper? like what kind of point are you making lmfao
retarded, as required, being a tread shill
@hellojintao guy that farmed hype / founded hyperfun the launchpad (i think) / longed a lot of hype this winter close to bottom / roundtripped his entire perp pnl last few weeks xd
this shit is completely broken. oracle is not moving for some reason, and longs have been paying 400% annualized for hours. funniest thing is that price dropped over 3% since market close, so not only are longs down, but they are also bleeding from funding
@hellojintao Bought 60% more spot $HYPE here at $64.
It will go 7x higher, everyone on this app is poor. It will be the #1 runner for the rest of this, and the next, cycle.
No one will get the opportunity to DCA back in around $42-$28.
@moonshiesty@0xMGB@variational_io my point is if only one entity can market make, of course traders would be top by pnl, who else would be? variational mm is the most profitable trader either way