This morning, between 14:18–14:23 UTC, Ostium experienced a security issue leading to a loss of funds from the public OLP vault. Our team identified the issue within minutes and immediately began taking steps to contain it, including coordinating to pause trading contracts within the hour. We are working closely with relevant law enforcement authorities, SEAL 911, and third-party cybersecurity experts.
No founder ever wants to deliver an update like this. We recognize the responsibility that comes with building infrastructure that people choose to use and trust. We take that responsibility seriously, and our focus is on resolution and responding with transparency and accuracy.
To the stablecoin issuers, bridges, protocols, and security partners who have moved quickly to assist us: thank you for your continued support.
We will continue to provide updates as they arise.
man I’m seeing so many bad takes on RFQ following the Variational raise announcement its mind boggling
For **RWA perps** specifically, RFQ is superior because you get to offer users better depth, lower funding, and better trade execution.
Yes OBs are better for price discovery but you DO NOT WANT price discovery for RWAs onchain. Real price discovery happens in the deepest offchain markets with the most volume, not in some illiquid onchain book
The only strong case to make for onchain RWA OBs is price discovery when trad. markets are closed, so after hours. That’s valid.
But most asset already moved to 24/5 and will eventually move to 24/7 anyways. Once that happens RFQ for RWA perps beats onchain OBs in all arguments.
so if you care about your traders —> you offer them RFQ for RWA perps (again, better trade execution + lower funding)
That’s why protocols like Variational and Ostium are seeing success, and you can expect more perp DEXs like Lighter to add the option for RFQ if they have RWAs listed
Pleased to finally announce I've been working at @Ostium for the past couple months. I'm helping with propaganda, narrative, and all things taste.
Ostium is the gateway to bringing global markets, like gold, FX, and equities, onchain. Traders have access to true depth and liquidity on crypto rails.
For many years I've been the CEO of being unemployed. Fortunately for my mental health, I'm putting that mantle down to focus on things that matter.
"The secret of reaping the greatest fruitfulness and the greatest enjoyment from life is to live dangerously!" — Nietzsche,
or as I read it: to risk is to live
The largest onchain oil trade we've ever seen just happened.
One wallet. $75,908,900 WTI short across five positions.
0.0284-0.045% price impact. Up $1M+ in unrealized profits.
Couldn't be more excited to be partnering with @Nasdaq for our equities data!
It took months of discussion and downstream engineering effort around data integrity, security, display policies and more to get us here.
Blockchains (and AI!) are fundamentally reshaping how market data is distributed, and our data partnership with Nasdaq is a huge step forward not only for Ostium but the industry more broadly as DeFi and TradFi continue to converge.
Super proud of the team!
we finally published our deep dive on
@ostium
this has been a long time coming. I’ve been an Ostium fanatic since I read about their infra when the app was still on testnet
Spoiler: Ostium gives you better execution, fills, and has more predictable carry than Hyperliquid or any trad. broker
If you trade with size and care about money, Ostium is objectively the best venue for leveraged RWA exposure
all thanks to their infra and liquidity model. Will drop an article with some cool key takeaways soon