Fogoisfuture

[Thiago Rüdiger @thiagorudiger]

Paraphrasing @jump_ in this old (for crypto time frames) but brilliant article: “For years, on-chain trading won on access, lost on execution.“

Price formation for crypto assets has always happened in centralized venues, which is gradually changing with the explosion of new DEXs.

On Solana, for example, price discovery for some of the most liquid pairs has been moving toward on-chain venues running PropAMMs - private market-making curves embedded in smart contracts: operators sign updated quotes continuously using off-chain price signals, but execution happens on-chain and the fills are public. If you wanna know more about PropAMMs, I'd def recommend you to give it a read.

One of the many challenges PropAMMs face today is that an operator quoting at sub-second intervals needs to update before adversarial traders can act on stale prices. The window between a quote becoming stale and the update arriving is where losses accumulate. The size of that window is a function of how physically close the trading setup is deployed to where blocks are produced. Analogous problems have been solved in TradFi by moving trading infrastructure close to the matching engine, this approach is called colocation, or simply, colo.

Same movement we saw in TradFi is now happening in crypto where traders, DEXs, CEXs and node operators want to colocate in order to improve performance, everything powered by bare metal infrastructure, instead of the cloud. This is exactly what @TheHUB is about.

[TheHUB @TheHUB]

In fragmented markets, each additional exchange introduces new integration costs, new latency asymmetries, and new liquidity silos, forcing participants to solve the same coordination problem repeatedly.

In TheHUB, each new venue increases the utility of the broader ecosystem.

[Robert Sags @RobertSagurton]

By Q4 every validator, DEX, and onchain trader will be wondering why they’re constantly getting “one upped” by residents of @TheHUB

Fogo validators, DEX’s, and oracle will be anchors.

Don’t say I didn’t warn you.

[Luminaries @luminaries]

current state of the market:

[Robert Sags @RobertSagurton]

The elephant in the room is that no single chain has put it all together. It’s likely the reason for all the contention as deep down no maxi feels safe that they have the complete solution to take all the chips.

Here is the state of affairs:

(1) Ethereum won the trusted settlement layer, but doesn’t really work for trading/transactions

(2) Solana won the fast, single state machine composability title – but can’t support competitive DEX’s in the biggest use case (perps)

(3) HL won perps trading, but the fragmentation between HyperCore and HyperEVM has its limitations

Where do we stand?

Fogo is purpose-built to put it all together: it WILL support a leading perps DEX in one composable L1, with no fragmentation or seperate VM.

Maybe those other guys pull something out of their sleeves, maybe we execute first.

Either way – will be fun to see how it plays out.

[NB🇵🇱 @norbertbodziony]

if i had 0-$1,000 in crypto right now i wont touch a single token

bear market is the best time to be here.

most weak people have already left.

less competition, more opportunity.

most people will realize this too late.

here are 7 tips

[gofogo.fun @gofogofun]

One more giveaway? Okay, if you insist!

You know the drill, $20 in @fogo🪙

Follow + Repost + Reply "GOFOGO"

Winner in 48 hours

[Fogoisfuture @samoisnice]

@gofogofun @fogo GOFOGO

[gofogo.fun @gofogofun]

Seems like a good day to give away more FOGO tokens

$20 in @fogo 🪙

Follow + Repost + Reply "GOFOGO"

Winner in 24 hours

[NB🇵🇱 @norbertbodziony]

the game got way tougher these days

airdrops still exist but theyre smaller and not as good as they used to be

i remember catching clean 4-5 figure ones myself like jupiter and starknet just from using it.
shit used to be different

starting with literally zero in your pocket is hard af these days and you cant fully rely on airdrops no more

if i woke up with nothing today id do this completely different.

id start from scratch by buying tokens that actually have real value only solid projects
Id not only focus on chasing new farm or point meta just conviction plays that can actually grow

first 10k is still the hardest milestone once you cross its getting easier
grind changed but consistency still wins

you starting from zero rn or already got something cooking

[Fogoisfuture @samoisnice]

@gofogofun @fogo GOFOGO

[gofogo.fun @gofogofun]

It's almost the weekend, don't forget to stop and smell the roses! 🌹

We're going to give away $20 in @fogo 👇

Follow + Retweet + Reply “GOFOGO”

Winner in 48 hours

[gofogo.fun @gofogofun]

We have been busy. Tuning and tweaking.

Nearly ready for mainnet launch, but in order to do so, we need your help once more.

Go claim your USDZ testnet funds and be ready for phase 2 testing, coming tonight, 3/31, 6pm ET.

https://t.co/5FQiIzcwHM

[NB🇵🇱 @norbertbodziony]

solana need own perps

but it's thought af to do it properly

perps are the biggest market no debate

solana already has the users yeah

but calling it mainly a product problem feels off

you can have insane ux doesnt matter

if makers cant quote properly

if execution isnt predictable they just widen spreads or ghost and without them theres no real market

thats why specialized setups are winning they control execution also fully onchain perps on solana get expensive quick at scale

thousands of updates cancels quotes it stacks up heavy vs purpose built systems

solana improving fast but this aint one fix its execution liquidity and product all together

thats how we see it at @neonyexchange

bridging solana flow instead of forcing everything fully on solana where unpredictable execution costly updates and limited quoting efficiency make it hard

[Valiant @ValiantTrade]

Valiant has passed $10M in perps volume 📈

To celebrate we're giving away $100 to someone who QT's this post and shares their PnL card from Valiant Perps.

The Peoples Exchange.

[Fogoisfuture @samoisnice]

@RobertSagurton @proofofstory @ValiantTrade @TheHUB @ambient_finance @ignitionxyz @Pyronfi @FluxRPC @FogoFishing @FogoFarm @BrasaFinance @ChaseFogo

[gofogo.fun @gofogofun]

A few weeks ago we asked for your wallets 👀

You showed up.

We loaded you with test USDC. Now it’s time to put it to work.

🟢 TEST AUCTIONS GOES LIVE
⏰ Tomorrow @ 12PM ET, 3PM ET, 6PM ET, & 9PM ET
🏆 Prize: 100 FOGO

Notifs on, more info coming later today.

[Tavar3s 🦍 @xTavar3s]

POV: You're @ChaseFogo mainlining pure @fogo memes straight to the veins

No cap, this drip hits different. Who's chugging with me?
@ChaseFogo @fogo $CHASE let's flood the TL RT if you're addicted already. 🐶🔥

#memeking #fogo #btcım #WARMAMMER

[Valiant @ValiantTrade]

Perps are now live on Valiant

The people's exchange is open

Trade crypto, equities, and commodities now with up to 50x leverage on @fogo