Looked at Metric properly instead of trusting the timeline. Findings:
- A week old. $11.7M TVL, $150M to $250M a day across 132 pools
- 0 trading fee, ~2.5bp spread. Price comes from Pyth or Chainlink and the bins move with it, so there is no stale quote for arb bots to steal
- Real product is tokenized stocks, with a multiplier oracle so splits and dividends don't break the price
- 97% of TVL sits with two curators. The big one, Carcosa, is pseudonymous. Both passed Metric's KYB, neither is named publicly
- Metric takes 15% of the spread onchain. Their own docs still say 7.5%
- Swaps have a little star with the info ints earning points so hidden points are in play
- Every APR on that site is one week of launch flow
Cheap play is points through volume at 2.5bp a swap. I will also moved some of my lps there.
https://t.co/FqjjsSwbkl
@Jebotrading01@papertrade_xyz $PAPER never transferable and the new mint curve is diluting stakers that already receive very little with vol and rev declining
Was really interested in @papertrade_xyz when it was announced but when i saw people pooling money to loose big just to mint some $PAPER i decided not to participate.
Couldn't have lost money anyway as people can't seem to open positions or people in profit cant get paid.
All incan say to the @ledger thing is:
-Ledger bought from their site
-Ledger like 5 years old
-Stopped working because of the battery issues anyway
Multi sig with hot wallets on different blackboxed devices works for me.
Gambling wallet without multisig still needed though.
@Jebotrading01@papertrade_xyz I am happy for you. I just said i decided not to participate also i never said you couldn't get liquidated if you were able to open a position you probably didn't try to put as much size as other people. Or got lucky to get a tx in.
Congrats to you nonetheless