LobsterDAO 🦞

24 Dec 2024 04:50

The diligencedao checker also doesn't have PENGU anymore. They have a note on their website that they removed it because Pudgy Penguins changed something with their checking method.

LobsterDAO 🦞

24 Dec 2024 04:37

What kind of key custody does this have?

LobsterDAO 🦞

24 Dec 2024 04:24

When’s the deadline for aave<>polygon drama to be over? Is the vote taking place this year?

LobsterDAO 🦞

24 Dec 2024 02:57

Due to differences in funding rates. On dYdX the rate is higher, so the price is lower compared to Hyperliquid

LobsterDAO 🦞

24 Dec 2024 01:32

not enough liquidity, so u can feel it

LobsterDAO 🦞

23 Dec 2024 23:36

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LobsterDAO 🦞

23 Dec 2024 22:02

Has anyone done a proper mathematical treatment of power perps in a non negligible rate environment?

Almost all the reviews I see assume that you can borrow cheaply so most of the taylor expansions are wrong

LobsterDAO 🦞

23 Dec 2024 18:21

Any ways of getting accurate gas price data for private mempools such as flashbots?

LobsterDAO 🦞

23 Dec 2024 18:06

power perps also require rather heavy machinery (and possibly costs/capital inefficiencies) to get just moderate amount of convexity/asymmetric returns

LobsterDAO 🦞

23 Dec 2024 18:05

The power perps is basically a gamma trade and instrument for it.
People in crypto don't do options much as it's too complex, counter-intuitive and lacking pmf, and you expect to have adoption for a second degree derivative ever more complex than options 🥲

LobsterDAO 🦞

23 Dec 2024 18:01

So was curious if anyone looked into them or used them in practice (remember Opyn had squaredeth)

LobsterDAO 🦞

23 Dec 2024 17:58

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)

LobsterDAO 🦞

23 Dec 2024 17:51

I would say that toxic flow is a meme

LobsterDAO 🦞

23 Dec 2024 17:46

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

LobsterDAO 🦞

23 Dec 2024 17:45

When you take the other side

LobsterDAO 🦞

24 Dec 2024 04:45

Anyone also noticed their Solana addresses not being eligible for the PENGU drop anymore? Did they change their eligibility list in the last couple days?

LobsterDAO 🦞

24 Dec 2024 04:32

and polygon revenue is not Not significant. Not sure how the DAO previously weighed revenue channels against ego massaging or against integrity of user funds.

LobsterDAO 🦞

24 Dec 2024 03:03

Oh yea that would explain it, thanks for the help

LobsterDAO 🦞

24 Dec 2024 02:46

Makes sense, would u think the arbitrage opportunity would cause the prices to converge over time ?

LobsterDAO 🦞

24 Dec 2024 00:30

Hey I have a random question, why are the price of perps so different on different exchanges

I’m looking at btc/usd and there’s a $100-200 difference between dydx and hyperliquid

LobsterDAO 🦞

23 Dec 2024 23:01

Taylor series come when you want to make other derivatives from power perps, so i’d think the question is not related to the inner workings of power perps. But maybe you are talking about smthg else?

LobsterDAO 🦞

23 Dec 2024 20:46

is there any good AI group talking about the latest? Stuff is moving faaaast

LobsterDAO 🦞

23 Dec 2024 18:10

the protocol we’re developping should be better in these respects, but i’m not allowed to shill here:)

LobsterDAO 🦞

23 Dec 2024 18:05

Yikes that link seems to be dead. I deleted it

LobsterDAO 🦞

23 Dec 2024 18:03

iirc the problem with squeeth was the funding rate (implemented as inflation in their protocol). Wouldn't that be the same for all other assets or worse? I was also asking about this here and to my contacts earlier this year but didn't come across anything promising

LobsterDAO 🦞

23 Dec 2024 18:00

In any case, going back to the power perps, I think there’s an interesting application for midcaps, where the issuers would be LPing to enable the use case + professional players to hedge their Uni v3 positions

LobsterDAO 🦞

23 Dec 2024 17:53

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

LobsterDAO 🦞

23 Dec 2024 17:48

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

LobsterDAO 🦞

23 Dec 2024 17:45

You somehow make impermanent loss permanent

LobsterDAO 🦞

23 Dec 2024 17:44

sounds like you should try it out yourself, put your money where your mouth is