squandrew @andrewjleone Twitter profile

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squandrew

@andrewjleone

2 years

The eth accumulatoooor. One great thing about crab is that it can stack ETH in a bear market. It tries to gain value in USD terms so when ETH goes down it tends to accumulate more ETH. The opposite occurs in a bull market, it tends to sell ETH off, trying to maintain $ value.

Koob (T) 쿠쿠쿱 ㅣUltiverse⚡️🐑

@kimyg002

2 years

I have deposited $ETH for 2 months of Opyn Crab strategy. - Deposit date: March 30 0.995ETH → 2.075384ETH $3391.90 → $3673.78 During the bear market my $ETH doubled. @opyn_ is fucking good

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@andrewjleone

1 year

I’m excited to share that I will be stepping up to lead @opyn_ as CEO.

zubin koticha

@snarkyzk

1 year

Hey Crypto Twitter, It's been a while This one's a tough one... After the regulatory action against Opyn, @alexisgauba and I have made the decision that we are leaving crypto. This is honestly really emotional for me and Alexis.

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@andrewjleone

3 years

ok I need squeeth mentions to stop. I cant take this anymore. every day I am checking feed and it says squeeth. every day, check the feed, squeeth. I cant take this anymore, I have over-read squeeth, by a lot. it is what it is, but I need squeeeeths TO STOP. can devs DO SOMETHING

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squandrew

@andrewjleone

3 years

demystifying LPing squeeth covered call-ish vs squeeth-lite what are the ways to LP squeeth and why would I want to be an LP? Check out the full (and mathy) details on medium here and read on… nfa! 1/n

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squandrew

@andrewjleone

3 years

squeeth is a pure distillation of financial yin+yang - yield+convexity. Option like convexity without strikes/expirations. Simplifies decisions, concentrates liquidity and an awesome defi lego. Very excited to share our research! Sip on this delicious leverage beverage soon.

Dave White

@_Dave__White_

3 years

I've been working on a new financial product with @danrobinson and the team @opyn_ : the power perpetual. If the price of ETH doubles, the ETH^2 power perp 4Xs, the ETH^3 power perp 8Xs, and the ETH^5 power perp 32Xs.

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squandrew

@andrewjleone

3 years

where are the best places to get low cost / free flash loans (rip dydx)? aave at 0.09% is wild

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squandrew

@andrewjleone

2 years

Lending protocols: Broke - I'm earning risk free returns on my assets! Woke - I'm taking illiquidity, insolvency, and smart contract risk on my assets. Bespoke - I'm also selling floating premium otm/gap cliquets that I've priced using a stochastic local vol model.

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squandrew

@andrewjleone

3 years

@opyn_ is at @EthereumDenver all week, hmu if anyone want to meet/chat squeeth, options or other fun derivs

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squandrew

@andrewjleone

4 years

Super excited to launch Opyn's v2 option protocol! Can't wait for users to explore the most powerful, capital-efficient DeFi options protocol at !

CoinDesk

@CoinDesk

4 years

Options marketplace @opyn_ is rolling out an upgrade that targets capital efficiency and liquidity in the #DeFi options market. @kalrajs23 reports

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squandrew

@andrewjleone

3 years

amazing non-quant thread on squeeth

Anton Cheng

@antonttc

3 years

Very honored to join the process at @opyn_ to create squeeth! There are already lots of good threads and posts about what it squeeth is, BUT, if you are like me not from a finance background, here's a much easier explanation for you to blend into all the chats. A thread 👇

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squandrew

@andrewjleone

2 years

get early access today to the evolution of the crat

opyn² - Now Hiring

@opyn_

2 years

🗣️ CRAB v2 EARLY ACCESS SIGNUP TODAY 🦀 Bypass the caps on crab v2! FOR A LIMITED TIME crab v1 depositors will be able to sign up for early access for crab v2. This will guarantee your spot in crab v2 right when it drops! Everything you need to know 👇

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squandrew

@andrewjleone

3 years

seems like gwei² for squeeth launch, prefer non-squared gas prices pls @opyn_

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squandrew

@andrewjleone

3 years

lets continue down the 🐱🐰🕳️ (squeeth rabbit hole) squeeth, a power perp, tracks eth^2, but there is much more to unwrap vs just god-tier leverage what is funding? squeeth funding=implied eth variance squeeth is a powerful vix like vol oracle (i❤️vix)

(Joe Clark)²

@alpinechicken

3 years

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…👇

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squandrew

@andrewjleone

3 years

practice safe squeething great thread on factors that impact squeeth performance and things to pay attention when trading

Wadé

@wadepros

3 years

If you buy Squeeth, what affects oSQTH Performance? • Implied Volatility (IV) • Funding (via the Normalization Factor) • Value and Price Movement of ETH • Price Impact (slippage) Let’s look at each in more detail 🧠👇

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squandrew

@andrewjleone

2 years

More than you ever wanted to know about crab strategy ™️

(Joe Clark)²

@alpinechicken

2 years

Dropped new calculator for squeeth’s crab vol strategy. It’s called CrabLab. >>Today crab: Simulate crab returns from ETH returns >>Yesterday crab: Compare funding to historical returns >>Tomorrow crab: Estimate crab apy Post → Thread ↓

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squandrew

@andrewjleone

2 years

🚨 arb alert 🚨 new pool, who dis? theres a (small) arb in this pool for the first person who can figure how to claim it i'm biased but think this pool is super interesting for a lot of reasons. what could it be used for?

Uniswap V3: Crabv2-USDC | Address 0x1e2a07d51c7305a790e62666571f793cca25e8a7 | Etherscan

The Contract Address 0x1e2a07d51c7305a790e62666571f793cca25e8a7 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and...

etherscan.io

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squandrew

@andrewjleone

3 years

squeeth+power perps can improve option liquidity and pricing by acting as a hyper-liquid gamma/vega hedging instrument - too much eth gamma, sell squeeth, buy some delta - buyer of calls comes in, buy squeeth to hedge delta+gamma - trade options tied up with net delta+squeeth 1/

(Joe Clark)²

@alpinechicken

3 years

Crypto option markets suffer from poor liquidity, fragmented across many strikes and expiries. SQUEETH from @opyn_ fixes by providing an easy way for option risk to be traded without strikes or expiries. Follow SQUEETH Cat down thread to find out how it works 🧶

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squandrew

@andrewjleone

2 years

CRABS ON CRABS

Yield Protocol

@yield

2 years

Starting today, users can use Opyn’s Crab Strategy as collateral on Yield Protocol. @opyn_

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squandrew

@andrewjleone

4 years

Moral hazard in a world of Maker 101% LR Getting around to managing an old vault I can: a) repay my $DAI debt for net X USDC b) withdraw excess USDC for 1.01X USDC c) mint max DAI, sell for 1.007X USDC d) wait for DAI < 1, paying SF Maker stablecoin liquidations are coming

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@andrewjleone

2 years

Fortune favors the brave (pre merge vol traders) Pretty wild vol moves around the merge as folks adjusted or closed positions or put on merge trades. Can see it directly in the crab strategy intraday PnL due to its exposure to implied volatility.

Wadé

@wadepros

2 years

Notice during the same period between Sept 14 & Sept 15 Squeeth IV jumped significantly from ~120% to ~170%! IV directly impacts the price of oSQTH. This jump in IV caused the price of oSQTH to increase from ~$128 to ~$141. • Liabilities = oSQTH debt * oSQTH price * eth price

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squandrew

@andrewjleone

3 years

excited about bringing in uni v3 NFTs as collateral for capital efficiency! f/e pr in the works to make it easy to deposit

alpharush

@0xalpharush

3 years

UniV3 LP NFTs as collateral just dropped

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squandrew

@andrewjleone

3 years

Best way to trade squeeth in size with negative slippage!

(Joe Clark)²

@alpinechicken

3 years

Daily crab auctions trading oSQTH for ETH are live at . Quick thread on how the crab auction works, how you can trade Squeeth in size, and an example of how to participate 🦀 See medium for details:

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squandrew

@andrewjleone

1 year

While the last year has been challenging for Opyn, we have kept our heads down building. We have a new protocol that we will soon invite you to experience with us.

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squandrew

@andrewjleone

2 years

thats one chill bull. short vol, long delta, very zen

opyn² - Now Hiring

@opyn_

2 years

We're hyped to announce Opyn's next product: the Zen Bull Strategy!!🧘‍♀️🐂 Zen Bull allows users to stack ETH while maintaining 1:1 ETH exposure (delta = ~1) The strategy performs best in zen (calm) markets when the price of ETH increases slowly!

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@andrewjleone

3 years

amazing analysis of using squeeth to hedge price risk on cfmms from @alpinechicken stay tuned, more bangers coming out soon from the @opyn_ research team as we explore how deep the power perp rabbit hole goes

Hedging Uniswap v3 with SQUEETH

Opyn has invented and is about to ship a new DeFi primitive called SQUEETH (squared ETH) that improves hedging for non-linear things like…

medium.com

(Joe Clark)²

@alpinechicken

3 years

1/ Hedging Uni v3 with SQUEETH - a thread: Uniswap LPs are hard to hedge because they are curvy. Sad. @uniswap

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@andrewjleone

3 years

lets take a trip down the power perp rabbit hole squeeth is a type of power perp, but the design space for power perps is large in defi, a lot of things, if you squint the right way, are power perps or can be made via a power perp

(Joe Clark)²

@alpinechicken

3 years

1/ What do stablecoins, perpetual futures, squeeth, and uniswap have in common? They're all power perpetuals! Sort of! @andrewjleone , @snarkyzk and I wrote a paper about it that you should read. Or at the very least you should read the 🧵 👇 🐱

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@andrewjleone

1 year

We’ve always been focused on building innovative and novel products to build a better financial system and that will continue. Can’t wait to share more soon.

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squandrew

@andrewjleone

3 years

Excited to be launching on chain margined options. Large capital efficiency improvements for writers. Can often receive 3x+ yield on OTM option writing per $ of collateral. More if you want to actively manage your collateral. RegT inspired margin is first, portfolio style next?

opyn² - Now Hiring

@opyn_

3 years

1/ 🥳 Date is set, partial collateralization is launching on June 29! Inspired by reg T today we introduce the first-ever on-chain margining system for vanilla options, which is superior in its capital efficiency to any other proposed in DeFi Details ↓

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squandrew

@andrewjleone

3 years

squeeeeeeeeeeeeth

opyn² - Now Hiring

@opyn_

3 years

🐱 Excited to announce that Squeeth is now live on Ethereum mainnet!! 🥳 Check out the dApp 👉

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squandrew

@andrewjleone

3 years

Let's squeeth it up on Monday. Chatting about LPing and the crab rebalance auction.

opyn² - Now Hiring

@opyn_

3 years

📚 Join us for a Squeeth learning group + AMA! 💧🦀 Venue: Twitter Spaces Time: Monday, April 4 @ 10am PST Speakers: @andrewjleone & @alpinechicken Topic: LPing in the SQTH-ETH pool & trading the daily Crab Auction

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squandrew

@andrewjleone

3 years

Sqrth has something we have shared a bit on and are excited to build. It is a ETH power perp with a 0.5 power. 0.5 power perps unlock interesting use cases including fee swaps, expected uniswap fee oracles, IL/LP hedging and synthetic uniswap LP positions. 18/n

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squandrew

@andrewjleone

3 years

@Rambulik_ @_Dave__White_ @danrobinson @opyn_ For squeeth, roughly a 51% loss, neglecting funding that you have to pay. (0.7^2 - 1^2)/1^2 You lose less than a 2x leverage perp on the downside and make more in the upside and have to pay funding in exchange for that convexity.

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squandrew

@andrewjleone

3 years

asset + put giving you a min value for liquidation free borrowing 🧠

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squandrew

@andrewjleone

4 years

Super excited to be presenting today at 6:30pm PT on option trading, market making, risk management and future developments in the on-chain option space! @opyn_

DystopiaLabs

@DystopiaLabs

4 years

1/ 🤠Are you ready for Day 3? Join us for #Liquidity2020 at 9am PT / 6pm CET. Like usual, our events are 100% free. 📢TUNE IN HERE TODAY:

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@andrewjleone

4 years

Great overview of trading vol via delta hedging and what vol is!

Samneet Chepal

@samchepal

4 years

1. Congrats to the @opyn_ team for launching V2 - very exciting! I’m happy that the new V2 dashboard has a clean layout with greeks and implied vols for each respective option. It’s also a pleasant surprise to see the prices are closely in line with @DeribitExchange 's options.

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squandrew

@andrewjleone

1 year

I am incredibly grateful for the leadership of @snarkyzk and @AlexisGauba as well as the opportunity to work with them over the past 3 and a half years. I know they will be missed in the crypto world.

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squandrew

@andrewjleone

3 years

@rileyjames27 @alpinechicken is coming out with another blog on ranged LPs soon. Excited to see some active LP managers develop squeeth LP vaults @GammaStrategies 👀

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squandrew

@andrewjleone

3 years

Bonus claim(s) for anyone reading to the end: LPing on a oSQTH-USDC pool is fairly isomorphic to a ETH-USDC perp The payoffs of an oSQTH-USDC LP and a ETHUSDC perp absent funding and trading fees are equal. 16/n

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squandrew

@andrewjleone

2 years

lets make crab great again

opyn² - Now Hiring

@opyn_

2 years

Lfcrabbbbb! Crab v2 is now live!!!!! 🎉 The strategy makes money in crab markets - when ETH is moving sideways, like a crab! 🦀🦀 v2 aims to deliver better yield and larger caps due to a new hedging mechanism ⚙️🦔 👉

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@andrewjleone

4 years

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@andrewjleone

4 years

Trustless @opyn_ OTC trades on any ETH option you can imagine. 1. Create any ETH option you want on 2. Open a vault and mint if selling 3. Find counterparty on #otc on @opyn_ discord or post a limit order on 0x via 4. Trade OTC!

Anton Cheng

@antonttc

4 years

4) OTC - taker As an order taker, you simply goes to the taker tab and put in the encoded order you got from the order maker, and fire the transaction.

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squandrew

@andrewjleone

3 years

Super excited for this to be live! Unlocks significantly higher return on capital for @opyn_ option writers. Defi options need to be capitally efficient to win. Will be posting some threads this week about some of the interesting design decisions and mechanisms, stay tuned!

opyn² - Now Hiring

@opyn_

3 years

🎉 Partial collateralization is live on mainnet! 🚀 Enhanced leverage for short options 🤑 Sell MORE options to generate HIGHER yield 📊 Commit less capital, allowing more portfolio flexibility This is a major capital efficiency improvement for DeFi 🥳

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squandrew

@andrewjleone

3 years

its time lfs

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squandrew

@andrewjleone

4 years

Super excited to see systematic vol selling strategies come to DeFi! I'm in, let's go theta gang.

opyn² - Now Hiring

@opyn_

4 years

Option Vaults, powered by Opyn! Take a peek 👀👇

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squandrew

@andrewjleone

2 years

this is the way. usdc deposits for a usd strategy. no longer do you have to do a separate transaction to buy eth to deposit into a usd strategy

opyn² - Now Hiring

@opyn_

2 years

🦀 the crab strategy is now accepting USDC deposits!!!

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squandrew

@andrewjleone

2 years

will the real squeeth fair vol please stand up

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squandrew

@andrewjleone

3 years

@_Dave__White_ ETH's mating call

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squandrew

@andrewjleone

3 years

lets chat about squeeth aka the gamma slamma

opyn² - Now Hiring

@opyn_

3 years

📚 Join us for a learning group about Squeeth & Power Perpetuals Venue: Twitter Spaces Time: Friday, August 20 @ 2:30pm PT Speakers: @_Dave__White_ @snarkyzk @andrewjleone @danrobinson Topic: Squeeth & Power Perpetuals 🧠²👇

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@andrewjleone

2 years

mint maximalist here tbh

regan

@0xthegipper

2 years

🫡 to mint or buy ˢᵠᵘᵉᵉᵗʰ? 🫡 find out:

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squandrew

@andrewjleone

3 years

the best way to trade squeeth in size and trade at better prices than uniswap mid market

opyn² - Now Hiring

@opyn_

3 years

Squeeth people! Did you know you can buy / sell squeeth in size with *negative slippage*? Every day there is a Crab Auction @ 👀🦀

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squandrew

@andrewjleone

4 years

@snarkyzk r/SatoshiStreetBets

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squandrew

@andrewjleone

3 years

@bennpeifert @_Dave__White_ @danrobinson @opyn_ yep! they should decay with theta/funding over time and have a jump that corresponds to the funding paid at time of funding where there is 0 arb across a funding payment

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@andrewjleone

3 years

A full range mint+LP position is similar to a covered call in some ways, excluding funding and trading fees. You have an initial exposure similar to being long 1x ETH and get longer ETH as ETH goes down, shorter ETH as ETH goes up. 7/n

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squandrew

@andrewjleone

4 years

Yield farming has broken the twitter ad algos

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squandrew

@andrewjleone

3 years

why can it be better than other instruments available? • non-OTC product • strikeless • expiryless • fungible • composable • accessible 2/

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squandrew

@andrewjleone

2 years

@WilsonCusack Not sure on v3, but on v2 it compounds on someone interacting with the market. With relatively frequent interactions it approaches continuously compounded. If folks aren’t interacting frequently, folks aren’t using the product. Squeeth funding compounds in a very similar way!

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squandrew

@andrewjleone

2 years

why does metam*sk sometimes set the suggested max priority fee equal to the suggested max fee? i always check this as i've seen it too many times to count, but how much extra gas has been paid/wasted by excessive priority fees by folks who don't check this?

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@andrewjleone

2 years

@VitalikButerin Personally prefer “alfalfa leek” for consistency

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@andrewjleone

3 years

@thiccythot_ I think one main issue is that (many) uniswap LP positions are underpricing vol. For many pools, trading volume/$ liquidity is too low relative to the pair vol. For an average LP, they are probably not being compensated enough for the convexity they are selling.

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squandrew

@andrewjleone

4 years

So excited to be part of this fantastic team with our fantastic partners as we work to build options for the future financial system!

opyn² - Now Hiring

@opyn_

4 years

We’re excited to announce that Opyn has raised a $6.7mm Series A round led by @paradigm

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squandrew

@andrewjleone

2 years

broke: an amm is just an option machine woke: a limit order book is just an option machine bespoke: life is just an option machine

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squandrew

@andrewjleone

2 years

@alpinechicken No pre squeethed squeeth

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squandrew

@andrewjleone

3 years

Buying and LPing is buying oSQTH and combining it with ETH to LP Minting and LPing is depositing ETH collateral, minting oSQTH, and combining it with ETH to LP You can do both of these on on the LP tab (including depositing a LP NFT as collateral)! 2/n

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squandrew

@andrewjleone

3 years

does shtposting on twitter 24/7 count as work for hitting the 24/7 grind requirement for (web3) success? asking for a friend.

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squandrew

@andrewjleone

3 years

@opyn_ @mikedemarais lets ditch the greek logo, cat ftw

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squandrew

@andrewjleone

3 years

@_Dave__White_ defi = everything perpetual

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squandrew

@andrewjleone

3 years

To clarify, need WETH or ETH flash loans

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squandrew

@andrewjleone

3 years

When could it make sense to buy+LP? •High trading volumes •ETH will outperform funding on oSQTH, but not as bullish as wanting to hold 100% oSQTH •Desire convex exposure to ETH •Think funding is relatively low relative to potential ETH moves 6/n

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squandrew

@andrewjleone

3 years

@HS10010110 @OPYN @snarkyzk @alpinechicken we ran the numbers and the numbers checked out

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squandrew

@andrewjleone

4 years

My take on the AMM vs CLOB debate The makers are often different The takers are often different The types/sizes of trades and assets they excel at are often different They can coexist and serve different purposes IMO the future of (option) trading includes both AMMs and CLOBs

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squandrew

@andrewjleone

2 years

The arb was risk free and profitable including gas fees for a range of sizes. There was an optimal trade size, but was not profitable if the trade was too small due to gas and not profitable if the trade size was too large due to price impact.

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squandrew

@andrewjleone

2 years

Maybe should actually be "Just what you need to know about crab strategy ™️"

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squandrew

@andrewjleone

3 years

@nope_its_lily @nbactavis @snarkyzk @_Dave__White_ @bennpeifert @AgustinLebron3 @Mephisto731 @sks01119 @danrobinson @AlexisGauba @aparnalocked @opyn_ agree, calls or capped is much more tricky. for "vanilla" eth^2 - long side seems easiest. some really interesting packages you can build on the short side to package shorts with other assets retail loves shorting forward vol for yield, this can probably be not too different

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squandrew

@andrewjleone

3 years

@LanrayIge @crypto_notte @llllvvuu @snarkyzk @alpinechicken IV is calculated from the price of oSQTH relative to ETH. The higher mark is vs index the higher the IV is.

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squandrew

@andrewjleone

2 years

@alpinechicken does your milkshake bring all the squeeths to the yard?

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squandrew

@andrewjleone

2 years

ok, need @12yearoldwithcc to stop deleting posts. can't take this anymore. every day check post and its deleted. every day check post, deleted post. cant take this anymore, have over-followed, by a lot. it is what it is. but need posts to STAY UP ALREADY. can parents DO SOMETHING

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squandrew

@andrewjleone

3 years

squeeth sesh starting soon...LFS!

opyn² - Now Hiring

@opyn_

3 years

Join us at 2pm PT today to talk about the Squeeths! 🐱 Talk soon!

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@andrewjleone

3 years

Yields on yields!

Aevo (fka Ribbon Finance)

@ribbonfinance

3 years

Today, we are extremely excited to announce our latest product, the yvUSDC ETH Put Selling Vault! This new product lets users to stack @iearnfinance and Ribbon yield by using Yearn Vault tokens as collateral for option writing. Here's how it works 👇

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squandrew

@andrewjleone

3 years

If trading fees - oSQTH funding is higher than ETH-USDC perp funding it would have been wise to LP and short a perp (in a world with cross margin and easy borrowing/lending of LP shares). 17/n

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squandrew

@andrewjleone

3 years

@snarkyzk Smol at best 🤪

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squandrew

@andrewjleone

3 years

When could it make sense to mint+LP? •High trading volumes •Want to be long ETH, but less bullish vs buy+LP •Don’t want to be initially paying funding •Fine w ETH upside reduced in exchange for trading fees •Want leverage and capital efficiency for higher fees / $ 10/n

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squandrew

@andrewjleone

1 year

@bwertz @VersionOneVC @opyn_ likewise!

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squandrew

@andrewjleone

3 years

Mint+LP users can deposit their uniswap LP NFT as collateral in their vault to increase their liquidation price or reduce ETH collateral required. It is possible to have a vault with 0 ETH collateral if you deposit the NFT, which can improve capital efficiency. 11/n

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squandrew

@andrewjleone

2 years

@KM_Koushik_ My weekend pizza 😀

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squandrew

@andrewjleone

3 years

The choice of mint+LP vs buy+LP really depends on your view of funding, ETH price trajectory and if you want convex or concave exposure, but there are some exciting ways to express different views of the future of ETH prices, funding and squeeth trading volume. 15/n

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squandrew

@andrewjleone

3 years

@WilsonCusack happy to help brainstorm some mechanisms or answer more qs, we've done a lot of thinking about different strategies you could build on top of squeeth!

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squandrew

@andrewjleone

3 years

@jparklev @wadepros @WilsonCusack 1 mental model (there are many) for how the normalization factor (variable that adjusts collateralization) works is that it changes the target index initially target is (eth/10000)^2 and over time the target decays to X*(eth/10000)^2, where X is less than 1 assuming funding +ve

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squandrew

@andrewjleone

2 years

Some days I listen to music when cooking dinner. Tonight I'm listening to goblins I guess. Surprisingly relaxing background noise?

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squandrew

@andrewjleone

3 years

@aparnalocked @ljxie Lived for 3 yrs in a diy camper van traveling around n america, some while working, some not. Happy to share info! Preferred off grid vs RV parks or campgrounds, so good solar system/batteries, cell boosters, wifi extenders were important. Usbc monitors are nice.

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squandrew

@andrewjleone

2 years

@KM_Koushik_ Looks tasty! Opyn (pizza) oven next product?

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squandrew

@andrewjleone

3 years

@0xdoug @KentoInami +perp for +ve funding w usd collat can be isomorphic to depositing in a lending protocol to earn +ve interest. Can be modified for >1x leverage or coin margined Perp funding rates are (theoretically) determined by difference btwn term rates in the underlying and quote markets

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squandrew

@andrewjleone

3 years

@WilsonCusack a short oSQTH position has some exposure to the price of ETH based on the CR chosen you are short something that has a eth^2 payoff and long some eth. the ratio of eth vs eth^2 exposure determines if you do better if the price of eth goes up, down, or not move at all

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squandrew

@andrewjleone

3 years

@Muhd_Amrullah @southamerica @AlphaSerpentis_ @ugolino_me @AlexisGauba @wadepros @opyn_ @itschrispainter @aparnalocked squeeth

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squandrew

@andrewjleone

2 years

iykyk

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squandrew

@andrewjleone

4 years

@samchepal Yeah think AMMs will be more retail both on the LP and taker side. Custom strategy AMMs could be something in the future that is adopted by inst makers. From the inst taker side, think the biggest issue is liquidity but scaling and fast trade confirmation also quite important.

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squandrew

@andrewjleone

3 years

We are super excited to bring this new defi primitive to the world on Jan 10th. Very bullish on the innovative products and use cases for power perps that we haven't even explored yet. 3/3

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squandrew

@andrewjleone

3 years

A full range buy+LP position is similar to an eth^1.5 payoff (squeeth-lite), excluding funding and trading fees. You have an initial exposure similar to being long 1.5x leverage ETH, but get longer ETH as ETH goes up and less long ETH as ETH goes down. 3/n

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squandrew

@andrewjleone

2 years

Portugal is a top tier flopping team. They have to spend at least some time during practice to be this good. Wonder if they have an acting coach on the payroll.

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squandrew

@andrewjleone

3 years

For mint+LP you can get up to ~2x leverage on a full range LP by depositing the NFT as collateral, which can make mint+LP more attractive on a return/$ basis. Minting oSQTH is similar to borrowing oSQTH (and I'd argue that minting a synthetic is isomorphic to borrowing it) 14/n

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squandrew

@andrewjleone

3 years

@WilsonCusack have you seen the crab strategy? might be helpful for an idea/implementation of a potential strategy crab's goal is to have no view on the price of ETH, earn funding and has the view that ETH will move around less than is implied by the squeeth price

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