Tristan Profile picture
Building on-chain derivatives @ZetaMarkets Recovering data scientist Vi / Vim
Feb 9 18 tweets 4 min read
SOLANA 2.0

The recent episode of @Lightspeedpodhq with @aeyakovenko was a certified banger. Toly outlines a the latest and greatest coming out on the @solana roadmap and there's plenty to be excited about.

I listened to it on the plane and took some intern notes for y'all 🧵 Image 1/ One of Solana's key design choices is allowing direct access to the leader and processing transactions as a stream, leading to the fast block times we see.

Ethereum as we know uses the mempool design which is highly censorship resistant but slow due to gas auctions.
Oct 12, 2022 17 tweets 8 min read
1. Quick breakdown of what happened today on @mangomarkets, the movement of exploited funds and who might be responsible. Image 2. For background, the exploit involved an oracle price manipulation attack on the $MNGO market.

Covered in great detail here:
Oct 12, 2022 7 tweets 3 min read
Looks like the Mango hacker had ~$57M USDC withdrawn to 41zCUJsKk6cMB94DDtm99qWmyMZfp4GkAhhuz4xTwePu

This address has been around for a long time (1.5yrs+) and regularly sees 100s of millions in USDC go through it & #3 holder of USDC on Solana. Possibly @circlepay controlled? Most of the USDC coming in seems to flow out of the wallet in due time as well, although the net balance does grow slowly over time.

You can see the recent hack withdrawal sharply took the balance from 42M to 100M USDC.
Aug 3, 2022 21 tweets 9 min read
Tough day for everyone on Solana today, but here's a breakdown of what we know:

1/ At approximately 22:37 UTC yesterday a hacker began a widespread exploit, the extent of which has so far affected $4M+ of assets from 9.2k+ unique wallets. 2/ During the initial phase, funds were extracted at an aggressive pace with hundreds of thousands of dollars being lost minute to minute (all sizes here are converted to USD).

At 23:19 as we thought things were subsiding, another enormous outflow occurs in the order of $1-2M.
May 28, 2022 7 tweets 3 min read
I earned $1.4M in arbitrage profits on Solana in a single transaction. Here is how I did it.

A lot of people are messaging me about how to get started so I thought I would make a basic outline.

More detailed article to come so make sure to follow.

A thread 🧵 1. Programming fundamentals

It goes without saying that you need to have adept programming skills to make money doing MEV. I recommend starting with Scratch because of its extremely powerful visual programming model. Don't bother with outdated languages like Rust and C++ 👎