⚙️ part-time degen
Italy
Joined January 2022
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Sonix⚔️ retweeted
After Paradex TGE, I’ve seen many posts blaming zero-fee model Perp DEXs because of $DIME and $LIT PA
No enough revenue, no enough buybacks... all BS
Our tokens are not equities; we are not in stocks, but we are in crypto. If our industry, worth $2.4T, were valued based on revenue, the crypto market would disappear today
What’s the revenue of BTC? Of ETH? Of FARTCOIN?
FIRST LAW OF THE MARKET: Supply and Demand
Buyers and sellers determine the price of something
You can do all the buybacks you want, but if there’s no interest in the token, if there’s no demand and furthermore, if there are people who can infinitely short your token to oblivion using perps, you won’t be able to have a sustainable PA
We have hundreds of L1s/L2s and memes reaching hundreds of millions in valuation without revenue
Revenue is just a myth that can help your token PA if there’s demand, otherwise you’re just procrastinating the inevitable end of your token
If you think revenue is so important for the Perp DEX meta, I’m sorry for you, but neither Extended nor Variational will be able to reach the valuations you dream of
> @Lighter_xyz's daily revenue in recent weeks has been consistently over $150k (about $60M annualized) without an ongoing points program
> @extendedapp's daily fees in the last month or so has been about $100k (about $40M annualized), with a points program going on. The peak was during Jan–Feb, with more than $200k in daily fees ($80M annualized)
> @variational_io's 2-week net revenue has been $620k (they are trying different strategies atm to optimize spread, but this would be about $20M annualized). At its peak, it has also reached $1.7M (about $45M annualized) with a points program going on
We can talk about Extended x Revolut, we can talk about Variational PRO, but I prefer talking about facts
Fortunately, as I said, this is not the case because the main driver of PA is demand and both DIME and LIT have betrayed the trust of the community, which led to a decrease in interest
I can guarantee you that zero-fee model is not the problem
What’s the revenue of DOGE? Of XMR? Try to guess
And you should hope I am right, because nobody otherwise can save any of these new Perp DEXs, even Extended and Variational
Sonix⚔️ retweeted
The Paradex team is in Hong Kong this week
CEO @fiddybps1
CCO @noncesensicalll
Growth: @PioGerard @0xsteamboat @GPTJoshua
DM them to connect
Paradex is going to Consensus HK
Join our private dinner with @fiddybps1 and the growth team
for alpha that's illegal in most countries
Learn how we manufacture greatness first-hand
Feb 10 | 18:00–21:30 HKT
Sonix⚔️ retweeted
🎁 PARADEX BADGERBOX GIVEAWAY 🎁
Giving away 3 BadgerBox NFTs from @paradex (likely useful for $DIME airdrop)
To enter:
→ Follow @fundingviewapp
→ RT
→ Tag 2 friends
3 winners Monday. Good luck ! 🍀
Sonix⚔️ retweeted
Paradex TGE is coming - here's how to maximize your airdrop
Badgers were revealed a few days ago, and we got some interesting and CONFIRMED details:
• $MONEY airdrop
• $DIME boost
The best way to max your airdrop = hold Money Badgers.
$MONEY Airdrop and $DIME boost will be based on NFT rarity.
100$ floor → easy entry for everyone. Definitely not a bad play.
Already holding 5 rare badgers and trying to accumulate as much as possible.
FYI: ~100/6k NFTs are rare and still cheap. Feels like a great opportunity.
ALT My collection of Badgers 1/1 edition!!!
Sonix⚔️ retweeted
Tether is the new bank.
Similarly to banks, why would Tether give the yield if they can keep it?
We are just shifting power from one group of players to other corporations while users and decentralization suffers.
Yet, we will do well.
People will flee to Defi to earn yield.
We can see Kraken and Coinbase creating Cefi wrapper vaults on Defi.
This will generate fees to our beloved defi platforms, making their tokens valuable.
Whatever happens, we will do well.
Sonix⚔️ retweeted
To celebrate the end of the Paradex waitlist, we’re giving away 5 Money Badgers Boxes 👀
Giveaway period:
28/01 → 31/01
How to enter:
✦ Follow @OTC_Paradex, @Damicale_s , @felchou_eth
✦ Like & retweet this post
✦ Comment and tag 3 friends
Winners will be announced after the giveaway ends.
Good luck everyone 🍀💜
MoneyBadger waitlist just re-opened on Paradex!
Use my code to get on The Waitlist (3 available)
app.paradex.trade/wl/profita…
Someone needs @cascade_xyz Code, I have 2 dont wanna burn them
today's pre-allocation ended 5x+ oversubbed - an analysis:
we executed a similar auction design that you've most likely seen used by @monad, @Lombard_Finance, and most recently @TroveMarkets (to wildly different results).
this design is reflexive about the cap. prior to reaching the cap, the optimal play is to wait to reveal your hand. once the cap is reached it’s optimal to “pile on” and to over-deposit to preserve pro-rata allocation. the end result is a significantly tougher time reaching cap, but once the cap is hit, the sky is the limit. (see data below)
this can play out in a few different ways:
@Lombard_Finance's public sale was the quintessential good example, hitting cap quickly then ending ~10x oversubbed. this is what you want to strive for in your setup.
@monad's on the other hand misjudged demand (and choose too long of a window), and got stuck in the sub-cap region for most of their campaign. this is an important lesson in attention design since while they ended up achieving cap in the end, the sub-cap region ended up dominating the campaign narrative.
then most recently we have @TroveMarkets, this illustrates the worst outcome, where an (allegedly) fraudulent actor can take advantage of the post-cap region to “capture” funds over and above what the auction participants intended to lock up. we were careful to design our system today to immediately return excess funds to avoid any doubt on this front.
the key to tuning this is sufficiently judging demand, and making sure the attention cycle is catered to - happy with how our stab at it went.
thanks for playing.
I just received my first box! GG for PARADEXIO
@fiddybps1 @MoneyBadgersX @paradex
app.paradex.trade/wl/profita…
Sonix⚔️ retweeted
Ethena showed that delta-neutral strategies could be packaged into simple, liquid, composable assets, and demand surged.
Yields have compressed into the 4–5% range, and incentives are thinner.
The strategy still works, but it has become a benchmark rather than a source of edge.
That’s what drew me to @shiftprotocol_ .
The appeal isn’t a rehash of Ethena, but a broader expansion of what delta-neutral can look like.
As many of you know, for about a year and a half I’ve focused most of my work on farming tokenless perp DEXs.
This isn’t blind farming , I’d be trading anyway.
I just choose the platforms that reward me best for doing it.
I’ve never been a big fan of stablecoin farming, but that mindset is flawed. You can’t stay 100% exposed all the time and that’s where @shiftprotocol_ fits perfectly for me.
👇
An automated stable strategy with solid returns and the ability to farm perp DEX points?
That’s hard to ignore.
Even more so after speaking directly with the team.
Right now, live products include:
• ltPARA, a wrapper for @paradex Gigavault with yield + bonus XP and soon PT/YT
• extUSD, a market-neutral product on @extendedapp combining funding and points with simple USD exposure.
More products are coming across different risk/return profiles.
The next one will likely be a @grvt_io vault, mixing GLP (25% APY + points) with the remaining portion in a simple strategy, similar to the one on Extended.
As good as things already look, this is still just the early phase of what Shift is building.
What I’m most excited about is their upcoming delta-neutral vault with funding capture, which tested around 55% APY.
This vault should also generate significantly more volume than basis trades (like the one currently live on Extended), and more volume means a lot more points.
On top of all this, Shift has launched its own Points Program with deposit-based rewards, vault-type and activity multipliers, monthly decay to reward early users, and OG Badge NFTs designed for alignment not hype.
Sonix⚔️ retweeted
I can guarantee we are building one of the most competitive affiliate programs out there
> higher fee revenue share for up to 3 levels down
> lower fees for you
> cheaper trading and more points for your traders
We’re currently taking in new affiliate applications, reach us at [email protected] or on discord
Let’s cook tgt
Sonix⚔️ retweeted
Another give away.
Qualify Easy:
Like + RT this post
2 Badger Boxes from @paradex's Money Badgers Collection found here: opensea.io/collection/badger…
Winner decided Jan. 22nd.
