yngvarr

nonconformist
analyst
and just a good guy
dashboarding

[yngvarr @sqrtexp]

0/
perp dex & prediction markets - the new gambling mania

[yngvarr @sqrtexp]

@DamiDefi It’s funny when they start denying obvious facts, this is gambling

[yngvarr @sqrtexp]

don't even start with these games - the math is not in your favor, it's a casino plain and simple, and they're out here shilling it everywhere

it's like pushing illegal substances and then saying "you should've read the label carefully" lol

who are you trying to fool - the whole industry is drowning in gambling addiction

[yngvarr @sqrtexp]

@katana @StellarOrg @Scroll_ZKP no worries, average is around $1,100 a month - just the last couple days were $600 and $800 respectively

[yngvarr @sqrtexp]

hey, might just be me - but i haven't seen a single decent @tempo blockchain dashboard out there

looks like no one bothered, so i took care of it

clean, on-point, no fluff - welcome bro

[yngvarr @sqrtexp]

the fee numbers are giving me pause - $35k total, which is pretty low for a month since launch

looked at the data - they're averaging around $600-$800/day in fees

for context: @katana , @StellarOrg and everyone's favorite @Scroll_ZKP collect roughly the same daily fees as tempo (lol)

reminder: Tempo has $500M in funding. $500M
anyway... let's see what happens next - but right now the picture is pretty grim

[yngvarr @sqrtexp]

all unichain analytics here
https://t.co/Ne4dTeJfOx

[yngvarr @sqrtexp]

@unichain looks like your dune dashboard is a bit outdated and not the most aesthetic or intuitive

so i built a new one - check the link below

you're welcome, always happy to help, peace out

if you feel like anything's missing, let me know - i'll add it

[yngvarr @sqrtexp]

one more interesting thing - on-chain is mostly just people swapping stablecoins for eth

[yngvarr @sqrtexp]

@FareaNFts haha yeah, that's exactly why it's the best

[yngvarr @sqrtexp]

@exploraX_ probably worth saving this one

[yngvarr @sqrtexp]

dear frens, there's only one way out of this - just stop trading, stop losing money, stop building more perp dexes, the industry has clearly taken a wrong turn and this is not what we need

the product is solid, i won't argue with that - but the math and stats don't lie: ~80% of traders lose money, so why even bother? why try to make it work by cooking up some strategy?

and as for funding arbitrage - you need at least $10k just to make anything meaningful, and delta-neutral strategies aren't a magic fix either, don't think it's easy, it's really not - just in case anyone's still floating in the clouds

[yngvarr @sqrtexp]

@exploraX_ the future is already here… scary to even imagine where we'll be in 5 years, given how fast things are moving right now

[yngvarr @sqrtexp]

@Crypto_Albert13 you might be right, but even with the best strategy emotions can take over - and not everyone can handle that, ending up losing their funds

can say this honestly, from my own experience and the people around me

[yngvarr @sqrtexp]

0/
perp dex & prediction markets - the new gambling mania

[yngvarr @sqrtexp]

new dune dashboard
https://t.co/Ne4dTeJfOx

[yngvarr @sqrtexp]

@solcard