Zhu Su Profile picture
22 Jul, 7 tweets, 2 min read

Introducing Tranchess tranchess.com today, a Tokenized Asset Management & Derivatives Trading protocol in which 3ac is one of the seed investors, along w/ @binance, @TheSpartanGroup @LongHashVC
The Tranchess team are intellectual powerhouses w/ strong tech+finance backgrounds, and located across several continents. @DcKingT Danny Chong, co-founder resides in Singapore currently
Rather than farming in a dual-asset (BTCB-USDC) pool, users can choose to stake one or both of the single-asset pools - avoiding impermanent loss. If you are holding BTC, create the Queen token. If you are holding USDC, create the Bishop token
You can also go leveraged long on BTC via the Rook token. Unlike w/ perps, there's no forced liquidation nor funding cost spike
Premium/Discount based forward-starting TWAP order books also offer an alternative option to trade tokens via USDC with zero slippage or oracle issues
Limitless possibilities as it takes up other underlyings and goes multichain. Check out more details docs.tranchess.com/whitepaper

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Zhu Su

Zhu Su Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @zhusu

17 May 19
Bitmex wicked down to 6.4k.

2k BTC+ sell wall on bitstamp absorbed.

Looks like a mark price exploit by placing a large sell on stamp (1 of 2 oracles for mark on mex) to trigger liquidations on mex.

You would've been fine on lvg long on bitfinex which didn't go below 7k.
Even more egregious on ETHUSD. Mex wicked to 190, while low elsewhere was ~235.
Interestingly, kraken was added as a third weight a while ago and later removed.
Read 4 tweets
8 May 19
This so-called "reorg attack" is basic strategy and has been known for yrs

It's a defense, a way to "mark as theft," there's no "rollback," no coordination w/ miners required

This impacts no other transactions that are happening meantime, causes no hf
Hacker could re-bribe ofc, leading to bidding war. So you could say post-block rewards, most of hacked value will accrue to miners (vis a vis that bidding war)

We will likely see ppl build out tools to estimate a safe # of confirms required based on the BTC amt of the TX
I do think it's an exercise in using precise language. It came across to many as "brb, reorg-ing BTC atm" which triggered many ppl's sense of disgust and was a call to arms to defend immutability. Yet there's plenty of Bitcoiners who understand that this is just how PoW works
Read 4 tweets
4 Feb 19
Since 1/1/2013, only two TA strategies (MACD and Exponential MA) have outperformed Buy & Hold.
Since 1/1/2014, various MA strategies have outperformed. 2015 start date looks similar.
The worst strats since 2013 are KBand, RSI, CCI, BB, Stoch. Down since BTC was $13.30!
Bad TA is not just marginally bad--it can mean being net down trading an asset that has gone 1,500x and is still 250x from start date.
Look how bad RSI style strategies are for crypto relative to people's insistence on using them.

For ETH since Feb 2018, even though Buy&Hold is the absolute worst strategy, KBand/BB/RSI are pretty close behind.

Trend-following sounds easy but is psychologically contrarian.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!