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Main Channel t.me/blockchain_lobsters
Well, in my book LVR is how much you’re getting fucked by the toxic orderflow (vs if you were just doing the rebalancing yourself at the “market price” whatever it means - ser Michael is digging deep here)
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I think it’s about more than that - it’s basically about who has power to extract MEV in Polymarket: those who can “clarify” rules, or UMA. I think it’s much better to decentralize these disputes and leave it to UMA, rather than let some PM UI dev fix markets
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so this is casino squared, sounds like an instant pmf, no? 🫠
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too risky. ppl don't even have intuition for normal exponential growth
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Gm, has anyone looked into power perpetuals? Would love to chat & ask a few questions
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Exactly one week of me not shilling my bags, so here we go: https://blog.gearbox.fi/gearbox-protocol-2024-recap-and-wind-of-change/
Gearbox becoming more than just leverage - to grow into a permissionless credit layer. Not a pivot, not a new protocol, but a larger vision and focus on distribution. Essentially, showcasing the customization of Credit Accounts as a primitive, and how they can power different products with the same audited stack. Includes some shallow thoughts on DeFi convergence in the middle xx
PS: will also write a thread and shill that later sorrynotsorry
Can connect you with the team
Feel free to dm
But please tag me here if you do dm
Panoptic recently launched on mainnet btw. It’s a super interesting mechanism for anyone into options and perpetual options -I highly recommend checking it out!
tldr - permissionless perpetual options.
https://x.com/Panoptic_xyz/status/1869416288793288731
What’s even the point of the optimistic oracle if PM can just fix it
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Thansk this is the kinda thing, I'm on a learning arc with the AI tooling in crypto and it's hard to avoid the millions of twitter bots and find the more capable bots.
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some past cases like layerzero airdrop resolved to yes because according to the voters it "matches the public perception". but the rules for this market is more explicit
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Vote for NO is a vote for truth, beauty, honor, law, order, love
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Isn't IL a subset of LVR by definition? Each instance of potential rebalancing has a quantifiable IL, which add up to a summation of all LVR over the lifetime of a position. That is how I think about it anyway
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impermanent loss is a meme though, LVR is what’s killing LPs, but in power perps looks like LPing is basically hedging the underlying asset to some extent + collecting fees
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sounds like you should try it out yourself, put your money where your mouth is
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you realize power perp is like leverage squared right?
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The thing here is the original market description said "did not sign a bill by the applicable deadline".
The technical deadline is Dec 20th, but in practice nothing bad happens if you sign it the next morning, so that's what the dispute is about.
https://x.com/hal2001/status/1871216073623966048?s=46&t=eUZa7Aazqmv0jDxaHdfuzg
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Is it the first options protocol that is permissionless?
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https://twitter.com/groundkantroll/status/1870527469478170848?s=61
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Interesting case because it’s essentially a Polymarket dev telling UMA how to vote
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Would be the first time UMA goes against a PM clarification (the clarification was not part of the initial set of rules)
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Don't use polymarket and bet money if you struggle with reading comprehension. Friendly reminder that gambling is not for everyone.
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https://x.com/redhairshanks86/status/1870774637119828217?s=46
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