A UX Focused, Account Agnostic, Multi-Asset Pool-to-Peer, Oracle Based, Asset Backed Derivatives and Spot DEX which is only possible on
@solana
brought to you by
@FlashTrade_
I know it’s a mouthful, so let me elaborate…
We took a bet 1 year ago to CONTINUE building in DeFi on Solana, stepping down from the high horse of composability and building a strong base market by ourselves…
We then took another bet 3 months later to integrate NFTs into the platform to bootstrap liquidity and community at
With the amazing airdrop by
@PythNetwork
flying by without a flinch, we witnessed a lot of misunderstandings with Local Fee Markets on
@solana
leading to inexplicable behaviours with transactions being dropped even for accounts unrelated to idenfied hotspots so let's dive in...
“What is your moat, if in a AI dominated world, 99% of your tech can get easily competed away?”
~ Luca Schnetzler,
@pudgypenguins
at Token2049 Dubai
Solana's integration with
#Filecoin
is a significant move away from centralized storage solutions and a remarkable step towards enhancing the reliability and scalability of the Solana blockchain.
@solana
is utilizing Filecoin to make its block history more accessible and usable
Been down with fever for a bit so took a sabbatical (a week in real world is how many light-years in crypto?) then came back to realise the real world could actually be more volatile than crypto itself…
And with all this war, terror, revenge and retribution on the timeline I got
Merry Christmas my dear Manlets, Catlets and Beasts!
@JupiterExchange
has shown the world what composability maxis can do when we build protocols ground up…
Now it’s time for
@FlashTrade_
to take it a step further!
Let’s grow the focking pie!
we're experiencing the first stress test of this cycle.
@FlashTrade_
liquidations are being handled as designed, with no creation of bad debt.
these are the moments where the team's extensive experience shines through.
we're experiencing the first stress test of this cycle.
@solendprotocol
liquidations are being handled as designed, with no creation of bad debt.
these are the moments where the team's extensive experience shines through.
Flash Beasts are the very first, program updatable, visually evolving NFT owned trading accounts in all of DeFi (& crypto fwiw) with point based gamification and referrals natively embedded…
Flash Trade is the very first, atomic DEX offer asset backed and synthetic margined
Alright, lets get ready for JUPUARY!
On Jan 1st, I will share detailed plans on we can make Jupuary happen together. There r a ton of things across community, product, comms to be done & i am super excited.*
There will be no exact day yet (farming of wen bois must continue**),
Journal for Day 3 in Amsterdam for
@SolanaConf
Wake-up to the news of
@xNFT_Backpack
launching an exchange (licensed in Dubai, Habibi!) and ran late for the talk of the town on “The Global State Machine” by drago-Toly and the team
@SolanaFndn
but I still count myself in
Man, there’s is so much we need to shed light on that we’ve been building
@FlashTrade_
1. FFT inspired custom pricing system modelling volatility as a function of aggregated deviation between spot and ema prices reported by
@PythNetwork
oracles
2. Limited time vdf on PnL
Flash Beasts are the first ever NFTs to actually do this in production…
Even without extensions!
All metadata updates on levelling up your beasts have been programmatic and will remain the same!
I have a fun little demo of a new type NFT that updates its image every time it is transferred
What's new about this?
This is a new type of NFT standard that's built on top of Token Extensions that anyone can add functionality to.
Join us in Istanbul this May for Crossroads as we tackle congestion on-chain and on-road…
Use code “solana” to get 25% discount and avoid priority fees to quickly land your tx..tickets!
.
@armaniferrante
let’s get over the access codes with
@xNFT_Backpack
and let everyone on the waiting room see the glory…
Now is the time to rise and shine
Address Lookup Tables with all of my OpenOrderAccounts from
@openbookdex
are a sight to behold…
Brace yourself for what is to come anon!
@Investin_pro
where you at?
DMCC proudly welcomes
@solana
to the DMCC Crypto Centre as an Ecosystem Partner. This strategic partnership will enhance
#DMCCCryptoCentre
's members access to Solana's leading
#blockchain
platform, offering expert technical and business development support. Read more of how this
Matrix Multiplication: Optimizing the code from 6 hours to ~ 1 sec.
"Performance Engineering is a lost art." - Charles Leiserson
I followed this lecture -
A must watch episode of Validated by
@Austin_Federa
featuring the COO (Chief Oracle Officer) of DeFi
@jayantkrish
describing the prowess of
@pyth
's Oracle infrastructure:
Having worked closely with the
@PythNetwork
team while designing the pricing and
With this we have the very first, program updatable NFTs employed for point based reward system in DeFi with permission less visual evolution coupled with instant trade settlement synchronised at the speed of light
At this point it feels like DeFi-ing is hell lotta easier than NFT-ing…
Took compute optimisation a bit too seriously to make sure you evolve your Flash Beast without risking congestion on chain for other important tasks, so had to get the 5555 x 6 JEPGs sorted in the right
If you’re building for the future, choose accordingly…
Bitcoin is about SoV
Ethereum is about settlements
Solana is about global shared state
More between
@0xMert_
and
@aeyakovenko
on
@Lightspeedpodhq
To whosoever asking for
@FlashTrade_
WLs in DMs and elsewhere, I reiterate that we as a team, operate with Oppenheimer kinda compartmentalisation…
Since compartmentalisation is essential to decentralisation and the only way is to begin decentralised, I’m not the custodian of WLs
One of the best irl events I’ve ever attended…
So so much to learn and share, can’t thank y’all enough for organising, sponsoring and volunteering…
God bless us all!
SIMD 0052 by
@anoushk77
and team on structuring a light-client/rpc is a succinct embodiment of the true decesntralisation spirit "Do not trust, verify" :
PSA: No beef with our amazing RPC-lords here!
Honestly,
SOLANA has changed my life and Im grateful asf.
Not even on a monetization aspect.
I have met some of my best friends just from this lil niche part on the internet and there is no price tag to that.
Honestly,
SOLANA has changed my life and Im grateful asf.
Not even on a monetization aspect.
I have met some of my best friends just from this lil niche part on the internet and there is no price tag to that.
I've published a new version of the CLI that 10x's the delay between tx retries to 2 seconds.
Goal is to give the validators and rpcs that keep solana running breathing room to make the changes that are needed.
If you care about solana, please upgrade!
I’m so done with folks with dumb takes crying out that pool-to-peer models are built with an alleged predomination that retail traders will lose money over the long run and that the LPs are supposedly betting on fees accrued to outperform the mean trader extracted value…
This
GLP lost over 30M to traders over a 3 month period.
Chads like
@rewkang
are completely crushing it and GLP holders are learning a painful lesson
A thread on risk Management for P2Pool Perps, and what you need to know before providing liquidity
🧵
Checked in with the man from
@SuiNetwork
himself
@EvanWeb3
Discussed Move and Sui Lutris combining DAG-based consensus with consensus-less validation…
Also pilled him about
@solana
PDAs, Fee markets and MEV with searchers and bundles
@jito_labs
Man! Are the Metadata Update txns heavy!
Focking 400 bytes of ix data per update…
We’re gonna max out the txn size limits and the block cu limit for the update authority account writes for 30 straight minutes…
Reveals are crazy!
Her: "Did you even dream about real-time transactions streaming and receiving multiple account updates in the current slot?"
Me: No, of course not; I dreamt about us.
The dream:
Excited to talk about Margining with Pool-to-Peer Asset Backed Derivatives and reviving DeFi on Solana at
@SolanaConf
Breakpoint 2023.
See y’all in the arena!
~$70 million in volume with just
~$3 million worth of SOL in TVL
No MMs and Zero bad debt liability
Powered by
@PythNetwork
Oracles
Insane capital efficiency ftw!
Another day where Flash is casually serving the second-largest volume on Sol perp in the past 24hrs with the lowest TVL amongst the rest of the exchanges.
So you're in the market for a Flash Beast and want to find out how many VP Points it has before pulling the trigger?
Smol thread showing you how to do that! 👇
🧵
The best projects in this space have one thing in common
Their community see it as a badge of honour
'I am a Pudgy,' 'I am an MadLad' - it's a sense of belonging.
Achieving this level of loyalty and pride should be the aim for any project.
You're not just selling an NFT,
Gonna miss Family this Christmas…
If you’re home, take a moment to be thankful and spend quality time with your loved ones. Take care of the orphans and the needy and be good to your neighbours!
Put those airdrops to work…
@mangomarkets
Borrowed be thy name
Thy redemption come
thy shill be done
on spot, as it is in perps
Give us this day our daily PnL
and forgive us our liquidations
as we forgive those who take slippage against us
and lead us not into rekt-ation, but deliver us with leverage
For maker & taker