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SBF

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21 Oct, 4 tweets, 1 min read

1) calm and storm

2) NOT INVESTMENT ADVICE. NOT WEATHER ADVICE

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

SBF

@SBF_Alameda

18 Oct

@COVERProtocol

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.

2) NOT INVESTMENT ADVICE

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

SBF

@SBF_Alameda

18 Oct

1) VOTING

2) not investment advice. not political advice.

3) should you vote?

let's do some math.

Read 17 tweets

SBF

@SBF_Alameda

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) dex.projectserum.com 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

-- CONVERT

Read 13 tweets

SBF

@SBF_Alameda

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

SBF

@SBF_Alameda

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

SBF

@SBF_Alameda

16 Oct

https://twitter.com/cyounessi1/status/1316968488481816578

https://twitter.com/cyounessi1/status/1316968488481816578

challenge accepted ;)

2) So, I *do* think AMMs make some sense for mean-reverty spreads.

Like some premiums.

Also, like USDC/TUSD/etc. (Curve!)

@cyounessi1

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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