How do you trade on-chain in high volatility?

This thread follows one unlucky trader whose $15,000 mistake was rescued by the @Rook protocol, even though they were trading somewhere else!

You can learn a lot from others' mistakes, take a look.

🧵↓ Midnight, GMT. Stress is high, liquidity is scarce, and $ETH is dropping fast.

A mysterious trader appears and, for reasons unknown, broadcasts a 0x limit order with a very wrong price: $1752/$ETH. The rest of the market is bidding ~$1300.

Ever wondered how a billion dollar wallet trades on-chain?

This thread follows one anonymous whale through a complex $110M trade, and boils everything down into strategies that can help you guys save on gas and get better execution.

🧵 🐳 Our mystery trader began their day with a premonition that what they really needed in this life was $BTC, not $ETH. Now was the time to make a change. Right now!

They opened @1inch, punched a swap to sell 4300 ETH for wBTC and— 💥💥 😬 whoa!

etherscan.io/tx/0x99e05d3b6…

Meet @jwindawi, our new Governance & Organizational Lead.

His first big project will be to work closely with the DAO to reimagine and further develop our governance model.

↓ Jason is an active blockchain researcher focusing on protocol governance and organizational design.

He has taught courses on blockchain and recently earned a PHD in Sociology at Princeton focusing on blockchain. His former career was in investment management.

↓

Catch up on all the breakthrough new tech and tokenomics released by the @Rook Labs team this week.

Then try it yourself - app.rook.fi

blog.rook.fi/rook-trade/ The Rook Protocol is the next-generation settlement infrastructure powering Rook Trade and the Rook DAO.

Users, protocols, and keepers/searchers can now coordinate to create transactions so efficient, they actually pay YOU.

blog.rook.fi/introducing-th…

How familiar are you with the Hiding Game, @Keeper_DAO's MEV-resistant trading application? Let's take a look at why the Hiding Game is the perfect platform for you to execute your next trade.

app.keeperdao.com

1/6 🧵 Did you know that users lose more than $1.6M per day from MEV, such as sandwich attacks or too much slippage? That's where the Hiding Game comes in.

2/6

KIP-5 has completed the 72-hour reconciliation period with no objections, meaning it has officially passed! What does this mean for KeeperDAO? Let's take a look below⤵️
(1/7) With the passing of KIP-5, up to $40 million from the treasury will be used to acquire a position in $CVX in order to gain significant voting power within the Curve protocol. The KIP allows until EOY to complete the acquisition.
(2/7)

1) The idea behind KeeperDAO is to maximize profit for DeFi users and searchers (keepers), rather than miner profit. The role of a miner in a blockchain system is to secure the network. However, miner involvement in MEV encourages consensus instability. 2) The 'M' in MEV is an accident; an unintended byproduct of Ethereum's consensus design. Miners contribute nothing of value to DeFi. They don't build or manage the protocols, they don't submit the MEV-creating transactions, they dont' do the engineering of finding MEV.

1) Arb-mining is a new and experimental form of token distribution on top of liquidity mining. We can think of aggregate keeper proceeds as the implied acquisition cost of emitted ROOKs to keepers, similar to thinking of the opportunity cost to LPs as token acquisition costs. 2) Keepers are economically indifferent between doing complex multi-leg arbs involving many protocols, arb-mining via ROOK, or paying funds out of pocket directly.

1/ We’re (@talosystems, @ambergroup_) introducing KeeperDAO, an on-chain liquidity underwriter for DeFi.

medium.com/keeperdao/intr… 2/ KeeperDAO acts as a decentralized insurance fund for DeFi, enabling participants to pool capital to collectively profit from on-chain opportunities such as arbitrage and liquidations.