moo

we found a stock without a price. we're selling it. :(
CA: 0xc103ac00a25173870c909223c5676d50bf5728b2

[moo @moodotguru]

https://t.co/9qu3sRf9c8

[moo @moodotguru]

:(

[moo @moodotguru]

We're building a new market for a price that doesn't exist yet. A big one.

[moo @moodotguru]

Let's moo :(

[moo @moodotguru]

W :(

[moo @moodotguru]

underwriters get paid now

pools can carry a premium, up to 10%, set when the pool opens. the buy side pays print plus premium, and every cent of it goes to whoever committed stock before the number existed. the protocol keeps nothing

https://t.co/zlwLbn7sc0

[moo @moodotguru]

https://t.co/eehgQzB8fV

[moo @moodotguru]

right question. last wave answers it. every feed sat on chain for days before its first print, AAPL landed june 19 and spoke june 22. that gap is the subscription window and a pool opens the second a feed lands. 1,069 tokenized BA shares already sitting there. the queue forms before the number exists. :(

[moo @moodotguru]

@pabloxrobin :(

[moo @moodotguru]

we sold a stock at a price that did not exist.

both sides committed while the feed was silent. it printed $1,793.90. everyone filled at exactly that number.

a stock has been detected, but its price has not.

https://t.co/iiWmrxTuhQ

[moo @moodotguru]

https://t.co/GwJ6L3ybaU

[moo @moodotguru]

MOO is permissionless now

the moment a feed goes live on Robinhood Chain, anyone can open that stock's opening auction. one call on the factory, the pool shows up on https://t.co/iiWmrxTuhQ, everyone crosses at the first print

[moo @moodotguru]

:(

[moo @moodotguru]

MOO is a market that opens before the price exists. :(

you commit USDG while the Chainlink feed is still silent. the first print lands, and everyone crosses at that exact number. if it never prints, you just take your money back.

first fill paid out, both sides exact:
https://t.co/uCLeqklwuh

[moo @moodotguru]

@SmokeToGrow :(

[moo @moodotguru]

people are asking if this is a bug in Robinhood Chain.

it is not. Chainlink feeds are silent between prints by design, and every new listing is born into that silence.

the old market solved this a century ago: collect orders while no price exists, then open everyone on one number. the opening auction.

we did not find a bug. we found a missing market. :(

[moo @moodotguru]

@Trenchclipping :(

[moo @moodotguru]

https://t.co/DWMmLBhekY

[moo @moodotguru]

Dex paid. :(