Gal Mux

#Crypto #Binance #MJ #Beyoncé #laughter #learning #reading #writing 🥭&🍍salsas
Nothing you learn is ever wasted - #BerryGordy

So learn everything you can...

[Nicki Sanders @nickisanders]

A lot of people are asking what happened to the ~$49.97M the trader “lost” in the $50M AAVE trade.

The short answer: it didn’t disappear. It went to liquidity providers and arbitrage traders.

Here’s what likely happened.

The trader tried to buy ~$50M of AAVE in a single swap through a DeFi interface using a pool that didn’t have nearly enough liquidity to support an order that large.

Automated Market Makers (AMMs) price trades using a curve. When you push a massive order through a shallow pool, the price moves dramatically with every token purchased.

So the trade kept walking up the price curve:
•Early AAVE in the swap was bought near market price
•Later AAVE in the swap was bought at absurdly inflated prices

That difference is what we call slippage.

Who got the money?
1.Liquidity Providers (LPs)
The pools selling AAVE to the trader received the USDT.
2.Arbitrage traders
As soon as the price spiked in the pool, bots immediately sold AAVE back into the pool at the inflated price, bringing the price back down and capturing profit.
3.Protocol fees
The trading fees charged by the pool were also collected.

So the funds didn’t vanish. They were redistributed across the market to LPs, arbitrageurs, and the protocol.

This is one of the biggest differences between DeFi and traditional finance.

In TradFi, a $50M trade would go through:
���execution desks
•OTC liquidity
•TWAP/VWAP algorithms
•dark pools

In DeFi, if you hit “swap” with $50M, the smart contract will do exactly what you asked.

Permissionless finance means the rails are open to everyone… including very expensive mistakes.

[Gal Mux @GalMux]

@cryptorover @grok Grok! Do that thing! 😉

[ًmar @sadiesfilm]

elmax i’m so sorry i wasn’t your writer you girls deserved so much better #StrangerThings5

[Gal Mux @GalMux]

I think I am beyond help or haven't learnt anything from the life I have lived so far because even at this point, when Vecna started coughing I wanted the party to save him.

Like I thought there was still a redemption arc for him! 😭#StangerThings5

[Elizabeth Weibel @elfaddis]

This scene was so emotional, so beautifully done, and so heartbreaking.

It showed how much they each lost, what they went through, and their heartbreak.

Props to the Duffer brothers.

#StrangerThings5

[Gal Mux @GalMux]

Potter heads hear me out:

A Netflix series on Gilderoy Lockhart and all his feat stealing and memory wiping shenanigans!

Written by @jk_rowling

[Gal Mux @GalMux]

@cryptorover It's over! Crashing to 85k and the whole market with it.

[Gal Mux @GalMux]

@cryptorover It's over! Until next bull season

[Gal Mux @GalMux]

Hear me out: Facebook did not create Threads to compete with X. They created it to get data to build their AI models.
Bottom line - we are just but pawns in the grand scheme of things!

[Gal Mux @GalMux]

Lies run sprints, but the truth runs marathons.

Michael Jackson
#MJ@67

[Gal Mux @GalMux]

Ok, in the mood for some new Binance swag. @BinanceAfrica @binance any way a loyal Binancian can get lucky?

[Gal Mux @GalMux]

@BinanceAfrica The name is perfect. No renaming needed!

[Words @itswords_]

Manifesting!

[Gal Mux @GalMux]

@rovercrc Sol

[Binance @binance]

Who convinced you to buy your first crypto?

Time to thank (or blame) them! 😂

To take part:
1️⃣ Repost
2️⃣ Follow @Binance
3️⃣ Tag them + tell us how they got you into this

The best 10 stories will each win $200 in BNB!

[Binance @binance]

You’re all stars 🫵

[Binance @binance]

We’re sooo back

[Michael Saylor @saylor]

Imagine, everything there is and everything that will ever be, divided by 21 million.