SBF Profile picture
21 Oct, 4 tweets, 1 min read
1) calm and storm
3) It's been too long since there have been major releases in Serum, or in FTX.

Partially that's because there have been a lot of large things churning in the background which have taken a few montsh.

Partially that's because a few quicker things were delayed.
4) But anyway, a number of thing are finally coming.

It's been too calm.

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More from @SBF_Alameda

18 Oct
1) I just talked with the @COVERProtocol team for the first time in a while.

I hadn't been privy to any of the planning of the tokenomics post they made yesterday.

They reached out today, asking for advice. This was the first time they had.
3) We talked, and I gave what I saw as the major feedback the community (and I) had:

a) the plan is shit for SAFE holders; it massively dilutes them down

b) the plan was drafted and announced without getting any feedback from the outside world
Read 9 tweets
18 Oct
2) not investment advice. not political advice.
3) should you vote?

let's do some math.
Read 17 tweets
18 Oct
1) There have been a bunch of awesome additions to Serum GUIs recently!
2) not investment advice. not gui advice. actually, wait, yes, this is gui advice.
3) has added a bunch of features:

a) tabs at the top for more information, and to add a new market to the DEX

b) once you connect your wallet, you'll see:

-- wallet balances

-- open orders

Read 13 tweets
18 Oct
1) ok so some things on COVER
2) not investment advice
3) I had no hand in designing any part of COVER, past or present
Read 9 tweets
16 Oct
1) Brothers in arms
2) not (investment) advice
3) Two years ago, Alameda Research nearly ended.

The full story is messy and sordid and contentious, but the short version is that in a month we went from invicible to struggling.

While things were good, all the employees gave things the benefit of the doubt.
Read 20 tweets
16 Oct
2) So, I *do* think AMMs make some sense for mean-reverty spreads.

Like some premiums.

Also, like USDC/TUSD/etc. (Curve!)
3) But you could do the same thing on a DEX.

the tricky thing here is that the two cases @cyounessi1 presents aren't quite the same.

Say there are two things--A and B--and over time A/B --> 1 (i.e. they converge).

In his case, treasuries and their futures.
Read 6 tweets

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