qqdqd

DeFi Protocol Engineer | @StakeDAOHQ Core Maintainer | Ex-@Ledger

[Klaas @forgebitz]

remember scrum masters?

wild times

[qqdqd @imqdee]

By design, AI is the grabby alien that wants to see everything, while crypto is the dark forest where you basically stay hidden to survive. Energy is the only truth. You either spend it aggressively to expand your reach or defensively to harden your shell

[Elon Musk @elonmusk]

Kardashev III or bust

[Institut National de Bitcoin (INBi) @BitcoinPolicyFr]

Tous les autres usages sont préférables au minage de Bitcoin.
Et le minage de Bitcoin est préférable au gaspillage.

Le bouquet de flexibilité est au cœur des enjeux de l'électrification des usages.
Il n’y a pas de solution unique, mais un éventail de solutions.

𝐋𝐞 𝐦𝐢𝐧𝐚𝐠𝐞 𝐝𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐞𝐬𝐭 𝐥𝐞 𝐜𝐨𝐧𝐬𝐨𝐦𝐦𝐚𝐭𝐞𝐮𝐫 𝐝𝐞 𝐩𝐫𝐞𝐦𝐢𝐞𝐫 𝐫𝐞𝐜𝐨𝐮𝐫𝐬 𝐢𝐝𝐞́𝐚𝐥.

Avant le déploiement des autres flexibilités, le minage agit comme acheteur primaire pilotable pour de l’énergie sans débouché immédiat (sites en attente de raccordement, poches congestionnées, excédents locaux). Il n’évince aucun usage utile, sécurise un revenu transitoire qui accélère la mise en service et s’arrête en quelques secondes, ou moins, dès que le réseau ou un client prioritaire en a besoin.

𝐀𝐯𝐚𝐧𝐭 𝐝𝐞 𝐝𝐞𝐯𝐞𝐧𝐢𝐫 𝐜𝐨𝐧𝐬𝐨𝐦𝐦𝐚𝐭𝐞𝐮𝐫 𝐝𝐞 𝐝𝐞𝐫𝐧𝐢𝐞𝐫 𝐫𝐞𝐜𝐨𝐮𝐫𝐬 𝐢𝐝𝐞́𝐚𝐥.

Il est alors une charge de fond de marché qui ne tourne que sur le reliquat lorsque le système signale un excédent (prix très bas ou négatifs, saturation locale). Il valorise uniquement l’énergie qui serait sinon perdue, relève le plancher de revenus et s’éteint automatiquement dès que le prix remonte ou qu’un ordre d’effacement est émis.

[Anthony Pompliano 🌪 @APompliano]

“The trouble with Socialism is that eventually you run out of other people's money.” – Margaret Thatcher

[qqdqd @imqdee]

Bitcoin helps reach the Kardashev I milestone

[qqdqd @imqdee]

Are there any real implementations of ERC-7540? I’d love to take a look at them

[qqdqd @imqdee]

@peduarte the new Raycast keyboard on iOS is dope, I was waiting for this for so long. You nailed it

[Anthony Pompliano 🌪 @APompliano]

Governments can’t print money forever without consequences.

[qqdqd @imqdee]

Wait, what the fuck is happening? Those candles? 💀

[Lemniscap @Lemniscap]

https://t.co/EDFlo1Or3V

[Stephen | DeFi Dojo @phtevenstrong]

"Can you explain..." triggers the years I worked as a teacher.

I'd love to

Funding rate arbitrage is a type of "cash-and-carry" trade where you make money having an equal long and short exposure to an asset.

FOR EXAMPLE

If I held 10 ETH and opened up a 10 ETH short, I would be "delta neutral."

Delta neutral just means my strategy value doesn't go up or down due to price action (i.e., "delta").

The cool thing about perps is that they have funding rates and more-often-than-not those rates pay you to be short.

Right now, for example, shorting HYPE on Drift pays 74% APR on the notional value of your position.

The notional value is the size of your exposure to an asset, not your principal.

Principal = starting capital / money at risk / margin
Notional = starting capital times leverage / (how much exposure you have to an asset)

Because funding is on the notional, not the principal, if you're leveraged, you effectively get leveraged exposure to the funding rate, which is great.

ANYWHO, funding rate arbitrage is super simple, so let me explain the APR.

Imagine I'm okay with a 2x short on HYPE but want to be delta neutral, and I have $150,000.

1) Buy $100K of HYPE
2) Short $100K of HYPE using $50K of margin
(2x short)
3) Typically, I like to get yield on the long, could get 12% on Pendle

You're done! Here's the math for APR:
100K Long * 12% = $12K
100K Short at 30% = $30K
Total Annualized Yield = $42K
Principal (in $) = 150K
Yield divided by Principal = $42K/$150K
= 28% APR DELTA NEUTRAL

Please note, there are risks. You could get liquidated on your short, especially if you're not monitoring it regularly, shorting illiquid assets, or using too much leverage.

I rarely ever exceed 2x leverage for FR arb and only use big blue chips like ETH, BTC, SOL, etc.

There's also a risk of funding turning against you. The reason why shorts get paid by long is because market pressures are pushing the MARKET PRICE on the perp dex over the INDEX PRICE (this is just an average of prices across major dexs/cexs).

Funding is used to incentivize getting the Market Price closer to the Index price.

IF market price goes below index price, funding rate goes negative and shorts actually pay longs instead.

THAT'S ALL! Hope that helps. Happy farming

[Ondo Finance @OndoFinance]

1/ Wall Street 2.0 is here.

Ondo Global Markets is now live, providing one of the largest-ever selections of tokenized U.S. stocks & ETFs onchain with the liquidity of traditional finance, starting on @Ethereum.

100+ assets now live, with hundreds more on the way.

[David K 🎹 @DavidKPiano]

Please stop mixing source and derived state in your domain objects. I know it's convenient, but it risks drift and subtle bugs.

Instead:
- Keep only source of truth in your model
- Derive everything else when you need it

[Artem Chystiakov @Arvolear]

The most comprehensive SSTORE opcode gas usage breakdown. Way more complex than 20k gas for a clean slot and 5k gas for a dirty one.

[Stake DAO @StakeDAOHQ]

Migration to Staking V2 is live.

All Stake DAO Onlyboost Boosted @CurveFinance vaults on mainnet have officially moved to Staking V2.

Thread with details below:

[Stake DAO @StakeDAOHQ]

Stake DAO Curve strategies on mainnet will transition to Staking V2 starting next week.

Depositors will have a 7-day grace period still collecting their boosted $CRV rewards.

V1 strategies will be phased out, with withdrawals always available and a simple option to migrate to V2 via Stake DAO Portfolio page.

Please ensure you only use the official stakedao(.)org site.