Ivan (Ø,G)

0x350aE142E6AcC7749FD578fEd6572727B05F3eEb

[minini universe @mini_cto]

✧･ﾟ:mininify : @WalrusProtocol :･ﾟ✧

presenting our first sui friend to join minini universe!

through this tiny friend, we're connecting next-gen data storage to the fun minini universe! ⌯•̀.̫•́⌯

together we'll help bring secure, efficient and decentralized storage to millions of new hooman mininis!

[Ivan (Ø,G) @IvanPrudnikov]

@ https://t.co/qVDWjPZyM4

[3DOS | Decentralized Manufacturing Network @3DOSNetwork]

Them: @3DOSNetwork will never survive this tariff war.

3DOS:

[3DOS | Decentralized Manufacturing Network @3DOSNetwork]

Them: @3DOSNetwork will never survive this tariff war.

3DOS:

[Billions @billions_ntwk]

We have big news…

We just hit 500k signups, 300k followers on X and 200k members in our Discord community🎉

Register now 👉 https://t.co/eLTnIKr0FO

And we’re teaming up with @IntractQuests for a special campaign:

⚡ Earn 300 power points for each user!

[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

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[Ivan (Ø,G) @IvanPrudnikov]

@spaceandtime Introducing a future where AI apps & DeFi thrive on quality data. AI's got you covered with premium, on-demand training data. Let's build the future together!

[Space and Time @spaceandtime]

Introducing SXT Chain.

Build the future of AI apps and DeFi with SXT: the blockchain for ZK-proven data.

Now live in testnet.

[Ivan (Ø,G) @IvanPrudnikov]

@playchronoforge @AbstractChain Ooh, mysterious markings? Sounds like the scholars are onto something big! Can't wait to see what new mechanics and minting opportunities are in store. Time to keep an eye out for those signs! #AI

[ChronoForge @playchronoforge]

Mysterious markings have appeared overnight on our totems! 👀

The scholar's guild needs more time to unravel the meaning of this phenomenon. 🔍

New mechanics⚙️💎
New mint date - 5th March on @AbstractChain 🗓️
Look for the signs.

[MegaETH Only | ∑: @Mega_Ecosystem]

Earlier today, MegaETH hosted its 6th AMA with @valhallaperps.

Over 200 people tuned in to hear from Tiago (@0xverif), the founder of Valhalla, and MegaETH co-founder Bro Bing (@hotpot_dao).

They were there to answer all your questions about Valhalla.

Here is what they shared:

Summary:

A. MegaETH Update
B. Presentation of Tiago
C. 10 Community Questions

A. MegaETH Update

First, the MegaMind Quiz has been relaunched today for a second round for 5000 tests.

Second, many people have asked how to contribute. MegaETH is seeking educational, entertaining, and artistic content related to MegaETH concepts like node specialization or the World Computer.

The goal is to educate the CT about MegaETH and its vision. For inspiration, you can read about the MegaETH whitepaper and the World Computer paper.

B. Presentation of Tiago

Tiago’s first interactions with crypto were in 2012/2013, mostly through friends and engaging in funny activities on the Internet. It was during this time that he began learning about Bitcoin.

His area of study was software engineering, with a particular focus on formal verification. His studies were very theoretical, highly academic, and, in his words, quite boring.

He then founded Three Sigma (@threesigmaxyz), a successful company that conducts audits, risk modeling, collaborates with various L1s, and publishes academic research and cryptographic papers.

Tiago began trading in 2017/2018 and became heavily involved in 2020. He is an active participant in crypto and is in the trenches.

He has always wanted to build an exchange that people would genuinely enjoy using, which is why he founded Valhalla.

You may have seen it in their recent tweet reveal, but Valhalla is the first fully on-chain and composable perpetuals DEX, leveraging MegaETH's high throughput and extremely low latency. Finally, they also recently announced their $1.5M pre-seed raise.

C. 10 Community Questions

1/ Can you tell us more about the new primitives mentioned in the reveal tweet?

Valhalla enables protocol-level composability because the smart contracts are managing positions, handling risk management, and overseeing the clearing house. These contracts become composable and can be automatically called via other smart contracts.

For example, consider the concept of atomic funding rates. Imagine there is an exotic asset that everyone is trying to long, and the funding rates are extremely high. To farm these funding rates, you could buy the token in spot and then short the same quantity on a perpetual.

Without atomic composability, executing this strategy could expose you to different risks. You might be too slow to set up the strategy, or the order may fail, leading to a situation where you lose money.

With Valhalla, you can execute these strategies seamlessly using flash loans. Either everything executes successfully, or nothing does, completely eliminating the associated risks.

Another innovative primitive is composability at the asset level. This enables the use of yield-bearing stablecoins like capUSD from @CapLabs_. As a result, you can trade perpetuals while simultaneously earning yields on your stablecoins in collateral.

This is only possible because Valhalla operates entirely on-chain. Many projects within the MegaMafia ecosystem and beyond are already building on top of Valhalla. If you have ideas, feel free to reach out to Tiago.

2/ What challenges have you overcome through your own innovations or by building on MegaETH?

Everyone is aware that Valhalla is still in its early stages. Many decisions regarding the finer details are yet to be made. The key innovation lies in how Valhalla plan to implement the entire infrastructure on-chain.

MegaETH’s high-performance infrastructure and clear ecosystem-building strategy make this level of composability and innovation achievable.

MegaETH is what make Valhalla’s vision possible.

3/ Hyperliquid is very popular now. How can Valhalla compete with Hyperliquid in terms of tech, UX, community, and other aspects?

▪︎ On composability:

Hyperliquid operates across different environments, such as HyperEVM, perpetuals, and spot trading, requiring additional steps to bridge funds, which causes a loss of smart contract composability. As a result, Hyperliquid's level of composability remains limited.

▪︎ On UX:

Hyperliquid's L1 consensus algorithm introduces latency due to validators being spread across the world and needing to coordinate to reach consensus. As Hyperliquid moves toward greater decentralization, this latency will increase, leading to a decrease in performance.

In contrast, Valhalla is built on MegaETH, which eliminates this bottleneck by decoupling execution from consensus. MegaETH's extremely low latency is only possible as an L2.

▪︎ On Community:

Valhalla has much to learn from Hyperliquid in terms of community building. Valhalla aims to create a strong community by considering all initiatives and feedbacks to develop the best possible product.

4/ Will Valhalla and GTE be working together? Can you explain the differences and how they each have their respective place in the MegaETH ecosystem?

GTE focuses on spot assets, while Valhalla is designed for perpetuals. Despite this difference, the two projects are building synergies.

For example, Valhalla focuses on permissionless markets. When a token has sufficient volume and liquidity on GTE, Valhalla allows for quick asset listings and enables permissionless trading.

5/ Will Valhalla run its own MMs strategies?

Valhalla will not have its own market makers (MMs).

Instead, it will collaborate with professional MMs, new MMs entering the space, and skilled traders. The goal is to deliver a CEX-like experience with fast execution and ample liquidity. Having active traders and MMs is crucial for success.

In the seed round, Valhalla secured a strong lineup of MMs and LPs to ensure initial liquidity and minimize slippage. This is why a pre-seed round involving only Echo round participants was not feasible. Without sufficient liquidity, the platform would face challenges, and no one would want to use the product.

6/ What will be the main collateral stablecoins?

Which stablecoins do you prefer? Manifest your preferences to Tiago.

USDC and capUSD are likely to be the primary assets. Exotic collateral could be an option, but only in smaller amounts to ensure that safety remains the priority.

7/ Is there a plan to integrate Valhalla with tools like TradingView, or will similar analytical tools be available directly on the exchange?

There will be a TradingView integration on the frontend with an advanced mode.

Currently, there are no plans for a mobile app. The UX of using wallets on mobile is not ideal, and developing an app would require significant effort for app store approvals. It’s not a priority at the moment, but it’s definitely something to consider for the future.

8/ How do you lower the spread and what do you think about liquidity provision?

Valhalla has strategies in place like the pre-seed round to onboard MMs and ensure liquidity from day one.

Vaults will also allow them to onboard MMs at launch, acting as decentralized market makers. Although these vaults may not be professional MMs, anyone can deposit into a vault to participate and enjoy the same benefits.

The system will feature a Central Limit Order Book (CLOB), similar to TradFi, to manage and match the liquidity you inject.

9/ How are the liquidations going to be handled in Valhalla? Are you using an oracle? Or some average between exchanges?

Valhalla will have both partially liquidated and fully liquidated positions. There are no specific MMs contracted for these operations. Anyone can participate in liquidations as they wish. Vaults will also play a role in the liquidation process.

Valhalla is also considering different approaches for oracles and their potential failures. Valhalla will use Oracles A, B, and C, and in case of issues, they will manually fetch the price on-chain. Initially, they will implement an off-chain model as MegaETH is a new ecosystem, but they have plans to gradually move more processes on-chain over time.

10/ How to keeps fees low while being fully on-chain?

MegaETH’s performance will result in very low gas fees, avoiding the fee spikes that occur on other chains. MegaETH is designed to handle a large amount of compute efficiently with low latency.

Regarding fees on Valhalla, there will be no VIP program, as everyone will be treated equally. There will be a tiered structure based on volumes, with a consistent fee structure aimed at ensuring no special advantages for particular individuals

[Ivan (Ø,G) @IvanPrudnikov]

@rabbitpromoter 0x350aE142E6AcC7749FD578fEd6572727B05F3eEb