Jerry

Data Engineer

[Jerry @JerryYun44]

심지어 HTX는 테더 직발행과 온체인 자산 운용을 아주아주 적극적으로 수행한다.

심지어 테더 발행분에 대한 이자 교환도 자주 관찰되는데... BTC 담보에 대한 레버리지 루프가 끼어있는건 아닌지 걱정이 되는 부분. 아니겠지~ 아니겠지~

[Jerry @JerryYun44]

요즘 코인 거래소들에서 선물 증거금에 이자를 주는게 유행인데, 생각해보면 그건 MMF 포지션 인데 왜 $1 증거금으로 인정해줄까? 심지어 BTC 마저 헤어컷 규정이 상당히 느슨하다. (다계정으로 회피 가능)

저스틴 썬 전 여자친구가 저스틴 썬의 "바이낸스 다계정"을 지적한게 꽤나 최근 일인데..

[빵상 @Breadlee_FRM]

겉으로 보면 = 대박 이런게 있다고?
생각해 보면 = 왜...?

저축은행 파산직전 고금리 이벤트가 떠오른다.

[Ken Fisher @KennethLFisher]

For my Korean speaking followers, my latest column in @Chosun is out now [KOREAN, FREE].
한국어를 사용하시는 팔로워 분들을 위해, 저의 최신 칼럼이 @Chosun에 지금 공개되었습니다.
https://t.co/KHy3JoPy3W

[Jerry @JerryYun44]

@r2Jamong 아 대공감..

[Jerry @JerryYun44]

Yeah, you're right—855 BTC is actually pretty small amount these days. But this isn't the first time we've seen something like this.

When Saylor bought those 10,000 BTC in just one week, that buying window shows up as the white area on the chart, and the average price is the red line.
No matter how many times I look at it… doesn’t it kinda feel like someone was front-running the purchase?

[Jerry @JerryYun44]

@gnh1201 학원..부트캠프.....프로젝트...획일화된..���트폴리오.... 면접을 보며 느낀 바는 그렇습니다..

[Jerry @JerryYun44]

@kimchipump Agree. It was quite shocking news.

https://t.co/akKcWwBvaH

[Jerry @JerryYun44]

요즘 상황을 보고 생각이 달라졌습니다. 깨끗한 비트코인을 얻는 비용이라 생각하면 비싼 게 아닙니다.

[Jerry @JerryYun44]

잔존가치를 50%, $0.08/kWh 정도로 둘 때, BEP까지는 20개월이 걸린다. 비트코인을 그냥 사는 것에 비해 잉여전력 처리 �� 전력이 극한으로 싼 환경이 아닌 이상 투자로서의 채굴기 가치는 좋았던 적이 없다.
옛날부터 주장하던 것인데, 채굴기를 사야하는 것은 민간 기업이 아닌 한전이어야 한다.

[Jerry @JerryYun44]

@r2Jamong 모니터를 엄청 큰걸 쓰시는군요...!

[Kent @kentdebruin]

https://t.co/KZQiBW4Y04

[Yoonho @youknow04]

그냥 전통적인 CS 에서 암달의법칙이 AI 코딩 쪽에서도 적용되는것 같음.
예를들어 작업중의 20%를 10배나 빠르게 처리해도 암달의법칙에 의해 전체 작업시간은 1/(1-0.2)+(0.2/10))=1.22 배만 빨라진다.

실무자들은 자기일을 10배나 가속해서 흥분하는거고,
전체로 보기엔 1.22배 수준도 맞는거고.

[PaperImperium @ImperiumPaper]

As was foretold 🔮

As depositor flight continues faster than naive or risk-seeking new money can be found, keeping utilization at 100%, this gem of a proposal was just dropped on the forum.

Proposal is:

1) incentivize a Curve pool for stUSDS and USDS so depositors can sell at a discount even when withdrawals are unavailable

2) set up markets where stUSDS is collateral

3) lower liquidation LTV to 120% from 145%

Number 2 is not a serious solution (stUSDS is solely backed by SKY, so why not just lend against SKY directly where the parameters are not controlled by the biggest borrower in the stUSDS market?)

Number 1 makes some sense, and is probably worth a try. But buyers of distressed debt tend to be amongst the most sophisticated in credit - they have to be or they go out of business. So I’m not sure who would want to buy stUSDS at anything less than a major, major discount.

I’m not sure that would help trapped stUSDS holders, but maybe there’s a market to be made here, as long as the prices can float.

Of course, Number 3 is what makes stUSDS uninvestable.

Here we see the largest borrower, owing ~$62m across four vaults, about to push the liquidation threshold down to 120% from 145%.

Who could have predicted such an outcome, where lenders, already trapped, now get more risk shoveled on top of them?

Lenders who aped into this without diligence are now illiquid, getting less collateral buffer, getting a new rate model, and all parameters controlled by the borrower who makes up 2/3 of the market.

It’s hard to have much sympathy for either the borrowers who are being squeezed by 28% interest or the lenders who are stranded.

However, it can always get worse for lenders. There is nothing other than reputational damage to prevent the yield dropping to 0%, LTV to infinity, and no clear recourse.

[Elon Musk @elonmusk]

Let’s see if @Grok 5 can beat the best human team @LeagueOfLegends in 2026 with these important constraints:

1. Can only look at the monitor with a camera, seeing no more than what a person with 20/20 vision would see.

2. Reaction latency and click rate no faster than human.

Join @xAI if you are interested in solving this element of AGI.

Note, Grok 5 is designed to be able to play any game just by reading the instructions and experimenting.

[Jerry @JerryYun44]

Bitmain의 신형 S23 채굴기는 TSMC에서 생산한 3nm 공정의 ASIC 칩을 사용하는 것으로 추정

[Jerry @JerryYun44]

4nm area - 대한민국은 의외로 고효율 최신 채굴기 생산의 핵심

[Jerry @JerryYun44]

@youngsun @flipster_io I closed this too early

[Jerry @JerryYun44]

왜 꼭 오르고 나서야 볼멘소리를..

[Jerry @JerryYun44]

I know this vibe

[jeff.hl @chameleon_jeff]

Hyperliquid’s fully onchain liquidations cannot be compared with underreported CEX liquidations

Hyperliquid is a blockchain where every order, trade, and liquidation happens onchain. Anyone can permissionlessly verify the chain’s execution, including all liquidations and their fair execution for all users. Furthermore, anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance.

Some CEXs publicly document that they dramatically underreport user liquidations. For example on Binance, even if there are thousands of liquidation orders in the same second, only one is reported. Because liquidations happen in bursts, this could easily be 100x under-reporting under some conditions. Source below.

Hopefully the industry will see transparency and neutrality as important features of the new financial system, and others will follow.

[Jerry @JerryYun44]

아스널 버드?

[Defence Index @Defence_Index]

🇨🇳 BREAKING: China plans to launch an orbital carrier by 2050, named the NanTianMen Project.

Unveiled in 2022, it will weigh 400,000 tons and carry 72 Xuan Nu and White Emperor space fighters — designed to orbit Earth and strike anywhere on the planet.