(Joe Clark)² Profile picture
mechanism design @opyn_. reformed vol trader. rehabilitated econ phd. here for the mech
Dec 21, 2021 13 tweets 3 min read
1\ SQUEETH is ETH²

It can be used to hedge Uniswap LPs and even options!

The funding rate is the variance of ETH.

What? HOW?!

What does that even mean? Where can I get some? CAN SOMEONE PLS TELL ME WHAT IS GOING ON?

A t🧵read about this…👇 tinyurl.com/squeethfunding 2\ Today we go down a level, looking at the funding rate.
Astonishingly, the SQUEETH funding is ETH volatility^2.

This means squeeth is a volatility oracle. What sorcery is this?!
Dec 16, 2021 4 tweets 2 min read
1/ Hedging Uni v3 with SQUEETH - a thread:

Uniswap LPs are hard to hedge because they are curvy.

Sad. @uniswap 2/ Curvy things leave curvy things when hedged

Looks quadratic?!? Maybe I can hedge with x^2 thing??!!