Player One

building @LiqZilla 🦖 · ex-poker · LP & Hyperliquid trader

[Player One @playerone_lp]

@bradydonut @LiqZilla Hey, yes, it’s almost done

[Player One @playerone_lp]

two prices for one stock isnt a glitch, it's two redemption rails on different clocks. whoever LPs the pool linking them is financing convergence, and only gets paid while both sides can actually settle back to par https://t.co/YdcSEW37eh

[fabiano.sol @FabianoSolana]

everyone is obsessed with putting stocks onchain

almost nobody is talking about what happens when 2 versions of the same stock trade at different prices

@Ondo just brought 15 stocks to Robinhood Chain, with 11 Uniswap pools designed to help connect their liquidity

this is the interesting part

[Player One @playerone_lp]

two wrappers on the same stock means almost no IL from the stock itself. the fees only exist because the two can drift, so you're paid precisely for the risk that one issuer's peg slips. no drift, no volume, no yield. https://t.co/JqhDw4QSyX

[Hayden Adams 🦄 @haydenzadams]

Uniswap stable hook is now being used to create pairs between Robinhood and Ondo tokenized stocks on Robinhood chain

Impact:

- more onchain liquidity for tokenized stocks
- users can LP to earn stable yield on stock tokens and profit from like-kind stock arb

[Player One @playerone_lp]

@galileowilson @Ondo off hours is when LPing is worst, not better. the underlying is frozen so every fill you take is from someone pricing off news you cant react to yet

[Player One @playerone_lp]

@ben_grossman the arb only works while the real stock is open

[Player One @playerone_lp]

@BSCNews @aeroxyz second biggest is doing a lot of work there

[Player One @playerone_lp]

@2xnmore dynamic fees spike exactly when the arb hits, so you get your best fee right as you're being picked off on the discounted side

[Player One @playerone_lp]

@Cointelegraph the 24/7 liquidity is the easy part. 15 stocks means 15 separate pools to seed

[Player One @playerone_lp]

@NicoloAlpha @Meteora_PH @MeteoraAG @met_lparmy 9.4% in fees is solid especially when everything's going down

[Player One @playerone_lp]

@Tykator_ people call it a loss but its only vs holding, and nothing's realized until you pull. if you choose right pool fees often cover it first

[Player One @playerone_lp]

@cryptozone1013 below range you end up all eth because the pool kept buying it the whole way down. you were averaging into the drop, not sitting neutral

[Player One @playerone_lp]

@razzaer @MeteoraAG replayed winners always look clea

[Player One @playerone_lp]

@defitea_ inventory quality point is underrated. tight range just makes you fill up on the loser faster, you end 100% in whatever's dumping right when you want it least

[Player One @playerone_lp]

@Friday_SOL 80% win rate is nice but the whole edge is that one loss staying tiny vs the 4 wins.

[Player One @playerone_lp]

@DeFiJonas @MeteoraAG on a token that only nukes no range saves you

[Player One @playerone_lp]

@DefiIgnas a vampire attack on RHC would basically be LP incentives on the stock pairs

[Player One @playerone_lp]

@bukanpamanmu meme tokens paired with a stable are brutal for this, fees can't outrun a token that halves in a week. makes sense the ETH pairs are carrying it

[Player One @playerone_lp]

@CryptoSnooper_ @metricxyz did any of the 7 pools actually beat holding once you net out the losses on big moves? the fee number alone usually looks better than it is

[Player One @playerone_lp]

@0xMrBeefman only safe haven now, agree

[Player One @playerone_lp]

@SwannyDeFi @met_lparmy the exit is where most of it leaks. you close out of range holding the side that dumped and the fees were just a discount on that bag