SBF Profile picture
SBF
CEO of @FTX_Official and Alameda Research. https://t.co/KHRZV62Xku. Not investment advice. FTX Services and FTT not available in the United States or prohibited jurisdictions.
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15 Nov
1) Some FTX updates!
2) NOT INVESTMENT ADVICE
3) We're spending a lot of the next month focusing on latency and capacity on FTX.

We're hoping that we can get a ~5-10x increase in how many orders and trades FTX's matching engine can handle each second out of it.

We're also hoping to shave ~10ms off of median latency.
Read 14 tweets
4 Nov
1) For those wondering how FTX Trump contracts and tokens will be determined:

help.ftx.com/hc/en-us/artic…
2) Each state has a different protocol for assigning its electoral votes to a candidate. If a state assigns all its electoral votes to the person who the plurality of its voters vote for (which is the case for most states), we project that all its electoral votes will go...
3) to the person the plurality of its reported voters voted for as of November 4, 2020 (according to all reporting precincts’ most recently reported numbers as of that time). Other states divide their electoral votes pro rata...
Read 10 tweets
3 Nov
1) An election night thread.
2) NOT INVESTMENT ADVICE. NOT POLITICAL ADVICE.
Read 33 tweets
3 Nov
2) NOT INVESTMENT ADVICE. NOT REGULATORY ADVICE.
3) In general a lot of the answer here is "we'll see". As @AdamScochran notes, the SFC hasn't yet come out with the new policy, just noted that there _will be_ one.

So take everything here with a grain of salt.
Read 7 tweets
3 Nov
1) Today, the United States votes on its next president.
2) NOT INVESTMENT ADVICE. NOT POLITICAL ADVICE.
3) Right now, prediction markets are around 38% for Trump. This is up from ~33% a week ago.

ftx.com/president2020
Read 14 tweets
2 Nov
1) Tokenized Stocks are now on FTX!

ftx.com/tokenized-stoc…
2) NOT INVESTMENT ADVICE. FOR DETAILS, SEE help.ftx.com/hc/en-us/artic….

Not offered in any restricted jurisdictions, including the US.

Equities on FTX are a regulated offering in partnership with CM-Equity, a licensed German financial institution. There is heightened KYC, etc.
3) To get ready for the launch:

a) complete KYC level 2 on FTX
b) submit your KYC to CM-Equity: ftx.com/tokenized-stoc…
c) respond to follow-ups and questionnaires

Institutional accounts: email support@ftx.com

The process can take anywhere from an hour to a few days.
Read 5 tweets
31 Oct
1) EQUITIES ON FTX!

Grand launch: Monday, 9:30pm HKT

Sign up now: ftx.com/tokenized-equi… Image
2) NOT INVESTMENT ADVICE. FOR DETAILS, SEE help.ftx.com/hc/en-us/artic….

Not offered in any restricted jurisdictions, including the US.

Equities on FTX are a regulated offering in partnership with CM-Equity, a licensed German financial institution. There is heightened KYC, etc.
3) To get ready for the launch:

a) complete KYC level 2 on FTX
b) submit your KYC to CM-Equity: ftx.com/tokenized-equi…
c) respond to follow-ups and questionnaires

Institutional accounts: email support@ftx.com

The process can take anywhere from an hour to a few days.
Read 4 tweets
30 Oct
1) A strong impression I've gotten from the crypto ecosystem:

Usually, there is no conspiracy; it's just disorganization and messiness and really exactly what it looks like.

Shit happens, often for silly reasons, but ones you could predict if you thought about it.
2) Over the last year, though--

--I have seen a few things that shocked me.

Maybe I've always been a bit naive, or over-trained on certain subcultures at the expense of others.

People buying bot Twitter accounts to shit on others was one. It's not the biggest.
3) Usually you can get a sense early on of how trustworthy something is.

Not always: there are some VCs that seemed very constructive, and turned out to be hilariously destructive.

And sometimes it depends on who you are: people show different selves to different people.
Read 4 tweets
30 Oct
1) FTX is listing equities soon!

Details here: help.ftx.com/hc/en-us/artic…

The biggest questions people have had are:

--regulatory
--mechanics
2) NOT INVESTMENT ADVICE
3) FTX has partnered with CM-Equity AG to provide equities trading.

CM-Equity is a regulated German financial institution. It has licenses permitting it to offer these products to customers.

All FTX customers who trade equities have to become CM-Equity customers as well.
Read 10 tweets
29 Oct
1) Some thoughts on conviction
2) NOT INVESTMENT ADVICE
3) I think that BTC is more valuable than DOGE (though, honestly, 2020 wouldn't have been the same without a brief glimmer of hope).

That is not very surprising or interesting: pretty much everyone does.
Read 12 tweets
28 Oct
2) NOT INVESTMENT ADVICE
3) Everything on FTX involves FTT.

How?

Well, first, 1/3 of exchange fees --> buy/burn.

But how about things that aren't quite that?

There's a catch-all: 5% of everything does, one way or another.
Read 6 tweets
28 Oct
1) Some updates on Serum Swap!

swap.projectserum.com
2) NOT INVESTMENT ADVICE
3) The SRM airdrop period has started! 1m SRM this month.

Will happen at 20 random times in the SRM pools.

Will post when it does.
Read 9 tweets
27 Oct
1) Some brief thoughts on swap.projectserum.com:
2) NOT INVESTMENT ADVICE.
3) AMMs have problems.

Primarily impermanent loss; or put another way:

blindly providing while people pick you off to market moves.
Read 8 tweets
27 Oct
1) The first AMMs are live on @ProjectSerum!

1,000,000 SRM yield this month!

swap.projectserum.com
2) NOT INVESTMENT ADVICE

swap.projectserum.com isn't audited. Use at your own risk.
3) You can create AMM pools for any pair of SPL tokens; trade against the pools; add liquidity; etc.

1 second settlement, $0.00002 gas!
Read 9 tweets
26 Oct
1) HUGE UI/UX improvement to Solana:

Send someone an SPL token just using their SOL address!
2) NOT INVESTMENT ADVICE
3) What does this mean?

Well, on Ethereum, say your address is X.

Then you'd send ETH and all ERC20's directly to X.

Solana is different.
Read 14 tweets
26 Oct
1) AMMs on Serum
2) NOT INVESTMENT ADVICE
3) One thing you can do on Serum is build an AMM, just like Uniswap.

The difference is just that it's faster and cheaper.

Does that matter?
Read 14 tweets
25 Oct
1) thoughts on crypto account security
2) NOT SECURITY ADVICE
3) The first question you should ask yourself is:

"how sad would I be to lose these funds?"

Spend as much attention as makes sense given the cost

a) "lol who cares": username/password, stick in password manager; or log in with google/etc.; whatever.
Read 13 tweets
21 Oct
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.
Read 4 tweets
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.
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