OSGbyte

Polymath in progress, 我叫奥利奥， MEV fanatic and アニメが大好きです！

[OSGbyte @OSGbyte]

🚨 New paper out!

We analyze arbitrage strategies on @Polymarket and show how traders extracted $40M over one year by exploiting inefficiencies.

With @lululixious , Vahid Ghafouri, Guillermo Suarez

1/🧵 Thread 👇

[Chris @ChrissGPT]

the new world order

[OSGbyte @OSGbyte]

Excited to start my visiting time at @mpi_sws ! Time to convert some ideas into amazing papers with @johnnatan_me :)

[OSGbyte @OSGbyte]

Lol decentralized Prediction Markets

[Abdul @0x_Abdul]

looks like this polymarket exploit could have been worse:

the compromised admin wallet wasn't just holding USDC and POL

it had `resolveManually()` rights on the UMA Adapter which bypasses the oracle and forces any market outcome on polymarket

the attacker could have:

- bought large positions in some markets
- flagged them for manual resolution
- waited out the 1 hour safety window
- then called resolveManually() to resolve the markets in favor of their positions
- cashed out their wins on all markets they resolved themselves

(for markets that were already in a manual resolution window, there wouldn't even be a safety window)

its scary because it took the polymarket team roughly over an hour to get this situation under control

in that time the exploiter could have caused serious damage to active markets (over $453m in open interest)

[OSGbyte @OSGbyte]

"Stolen Focus" by Johann Hari one of the best books I read in a long time

[OSGbyte @OSGbyte]

@StarPlatinum_ De dónde eres máquina

[OSGbyte @OSGbyte]

@probaaron And wash trading activity? 👀

[Matt Liston @no__________end]

1/10 days ago I posted about how Kalshi and Polymarket are scaling sports betting under the prediction market label. That thread was about what's wrong. This one is about what should be built instead.

[OSGbyte @OSGbyte]

@sui414 @Dune Interesting to know if Polygon is having a decline in their other apps use 🤔

[OSGbyte @OSGbyte]

@meidaguodoudou 别叫了

[OSGbyte @OSGbyte]

中文是最好的语言

[OSGbyte @OSGbyte]

@carlosadams deuda estudiantil en españa?????

[OSGbyte @OSGbyte]

@delillostan attention is all you need

[OSGbyte @OSGbyte]

@masonnystrom Sports betting are now securities or commodities 👀👀

[OSGbyte @OSGbyte]

AI bubble collapse?

[mrinank @MrinankSharma]

Today is my last day at Anthropic. I resigned.

Here is the letter I shared with my colleagues, explaining my decision.

[OSGbyte @OSGbyte]

@Dyor_0x ???

[probability god @probabilitygod]

https://t.co/Yoi2UsyMqQ

[OSGbyte @OSGbyte]

@randhindi @0xQuintus

[OSGbyte @OSGbyte]

And this is how you can possibly end up being sandwiched and losing money. Maybe I should do some notes on why copy trading can be dangerous

[Baheet @Baheet_]

another good reason why people would want to copy trade other traders on prediction markets is due to their domain expertise.

let me explain:

many successful traders in prediction markets have specialized knowledge or deep insights into specific fields or events

> politics,
> finance,
>sports,
> tech ... the list goes on

this expertise allow them to make more accurate predictions.

by copy trading, the less experienced traders can tap into this expertise without needing to have deep knowledge in specific domains.

It's really that simple.

[Anjney Midha @AnjneyMidha]

He was 31

A country that cannot protect its youth cannot protect its future