#  @danrobinson Dan Robinson
Dan Robinson posts on X about uniswap, ethereum, crypto, bitcoin the most. They currently have [-------] followers and [---] posts still getting attention that total [-------] engagements in the last [--] hours.
### Engagements: [-------] [#](/creator/twitter::273288231/interactions)
- [--] Week [-------] +111%
- [--] Month [---------] +245%
- [--] Months [---------] +122%
- [--] Year [---------] +6.90%
### Mentions: [--] [#](/creator/twitter::273288231/posts_active)
- [--] Months [--] +4.40%
- [--] Year [---] -10%
### Followers: [-------] [#](/creator/twitter::273288231/followers)
- [--] Week [------] +0.72%
- [--] Month [------] +1.50%
- [--] Months [------] +4.80%
- [--] Year [------] +9.70%
### CreatorRank: [-------] [#](/creator/twitter::273288231/influencer_rank)
### Social Influence
**Social category influence**
[cryptocurrencies](/list/cryptocurrencies) #842 [finance](/list/finance) [exchanges](/list/exchanges) [technology brands](/list/technology-brands) [stocks](/list/stocks) [social networks](/list/social-networks) [countries](/list/countries) [celebrities](/list/celebrities) [travel destinations](/list/travel-destinations) [vc firms](/list/vc-firms)
**Social topic influence**
[uniswap](/topic/uniswap), [ethereum](/topic/ethereum), [crypto](/topic/crypto), [bitcoin](/topic/bitcoin), [token](/topic/token), [liquidity](/topic/liquidity), [market](/topic/market) #415, [defi](/topic/defi), [onchain](/topic/onchain), [twitter](/topic/twitter)
**Top accounts mentioned or mentioned by**
[@uniswap](/creator/undefined) [@thogardpvp](/creator/undefined) [@haydenzadams](/creator/undefined) [@bqbrady](/creator/undefined) [@paradigm](/creator/undefined) [@ciamac](/creator/undefined) [@tarunchitra](/creator/undefined) [@maxresnick1](/creator/undefined) [@davewhite](/creator/undefined) [@0x94305](/creator/undefined) [@base](/creator/undefined) [@optimism](/creator/undefined) [@hal2001](/creator/undefined) [@gakonst](/creator/undefined) [@0xdoug](/creator/undefined) [@uriklarman](/creator/undefined) [@transmissions11](/creator/undefined) [@blastl2](/creator/undefined) [@bertcmiller](/creator/undefined) [@matthuang](/creator/undefined)
**Top assets mentioned**
[Ethereum (ETH)](/topic/ethereum) [Bitcoin (BTC)](/topic/bitcoin) [Solana (SOL)](/topic/solana) [Optimism (OP)](/topic/optimism) [USDC (USDC)](/topic/usdc) [Arbitrum (ARB)](/topic/arbitrum) [Gas (GAS)](/topic/$gas) [Microsoft Corp. (MSFT)](/topic/microsoft) [Alphabet Inc Class A (GOOGL)](/topic/$googl)
### Top Social Posts
Top posts by engagements in the last [--] hours
"@aparnalocked @sunnya97 @snarkyzk @ThunderToken @ElaineRShi @AlexisGauba But those assumptions are stronger for Thunderella. Even the FALLBACK Im Thunderella breaks if the Tendermint safety assumptions (1/3 Byzantine) are violated"
[X Link](https://x.com/danrobinson/status/1015051976093130752) 2018-07-06T01:57Z 81.4K followers, [--] engagements
"@aparnalocked @sunnya97 @snarkyzk @ThunderToken @ElaineRShi @AlexisGauba Sure it doesPoW is unsafe in asynchrony"
[X Link](https://x.com/danrobinson/status/1015054065049440256) 2018-07-06T02:05Z 81.4K followers, [--] engagements
"@snarkyzk @aparnalocked @sunnya97 @ThunderToken @ElaineRShi @AlexisGauba I think you mean 1/4 yes And what about a failed or dishonest accelerator And thats just livenesswhat about safety And are you assuming synchrony too"
[X Link](https://x.com/danrobinson/status/1015056972041867266) 2018-07-06T02:16Z 81.4K followers, [--] engagements
"I keep hearing about how @SushiSwap is innovating and adding new improvements on top of the code they forked from Uniswap. Here is how they improved Uniswaps user interface. (Can you find the actual application)"
[X Link](https://x.com/danrobinson/status/1367108768744562689) 2021-03-03T13:45Z 81.4K followers, [---] engagements
"Everyone in my replies saying actually we need the clutter. we love all the clutter is going to be devastated when SushiSwap inevitably reverts back to the Uniswap interface"
[X Link](https://x.com/danrobinson/status/1367121807589916673) 2021-03-03T14:36Z 81.4K followers, [--] engagements
"This includes custom formulas like the ones used by Balancer and Curve as well as ones that dont have elegant formulas. This means that most existing DEXes could be built on top of Uniswap but it also vastly expands the design space to previously unimaginable AMMs. 4/"
[X Link](https://x.com/danrobinson/status/1374417150576795657) 2021-03-23T17:45Z 81.7K followers, [---] engagements
""t11s" what an abbreviation just two more syllables than the word it stands for"
[X Link](https://x.com/danrobinson/status/1498488966755934208) 2022-03-01T02:43Z 81.7K followers, [--] engagements
"Anyone want me to roast their AMM design It's Friday night"
[X Link](https://x.com/anyuser/status/1502446449979584513) 2022-03-12T00:48Z 82.6K followers, [---] engagements
"@Mariandipietra @FreddieRaynolds @dystopiabreaker @ameensol RAI is basically single-collateral DAI but with native Chai instead of DAI (making negative DSR possible) and TRFM instead of governance-based interest rates. What's a PCV"
[X Link](https://x.com/danrobinson/status/1525230606107365376) 2022-05-13T21:44Z 79.9K followers, [--] engagements
"@tantraxyz It's not just a risk it is exactly what you are predicting will happen (and indeed what will almost certainly happen) You don't profit by holding an asset that goes from $1 to $0 Nor do you profit by buying it at $1 then selling it as it falls"
[X Link](https://x.com/danrobinson/status/1568101005509947393) 2022-09-09T04:56Z 79.6K followers, [--] engagements
"@kate_sills @prestonevans__ You do the Merkle proof for the value and then the direction you took up the tree spells out the key in binary"
[X Link](https://x.com/danrobinson/status/1582109861701046273) 2022-10-17T20:42Z 81.2K followers, [--] engagements
"The Uniswap v4 whitepaper is now public: Uniswap v4 continues the evolution of Uniswap into a flexible platform for DEX innovation with its support for permissionless deployment of new pools that use custom hooks. 1/5 https://github.com/Uniswap/v4-core/blob/main/whitepaper-v4-draft.pdf https://github.com/Uniswap/v4-core/blob/main/whitepaper-v4-draft.pdf"
[X Link](https://x.com/anyuser/status/1668610793603239938) 2023-06-13T13:26Z 82.6K followers, 520.8K engagements
"Uniswap v3 gave LPs far more flexibility in how they deploy liquidity effectively allowing them to simulate any static AMM curve. But most innovative DEX features are about more than new reserves curves. They require some additional logic to be built into the pool. 2/5"
[X Link](https://x.com/danrobinson/status/1668610797604569088) 2023-06-13T13:26Z 81.4K followers, [----] engagements
"For example when we wanted to add support for using Uniswap as a price oracle we had to build it into Uniswap v2 and v3 because it required some logic before every swap. Uniswap v4 lets anyone deploy concentrated liquidity pools with that kind of custom behavior. 3/5"
[X Link](https://x.com/danrobinson/status/1668610800322506752) 2023-06-13T13:26Z 81.4K followers, [--] engagements
"Uniswap v4 also brings all Uniswap pools into a single contract and uses some accounting and gas optimizations to reduce the cost of swaps especially multihop swaps. This further incentivizes integrators to build their AMMs on top of Uniswap v4 rather than anywhere else. 4/5"
[X Link](https://x.com/danrobinson/status/1668610803019436032) 2023-06-13T13:26Z 81.4K followers, [--] engagements
"This is getting way too much attention in Bitcoin world The protocol only works for two parties so it can't be used in rollups or other multiparty applications And Greg Maxwell proposed a much better protocol ("ZK contingent payments") to solve the same problem [--] years ago "Any computable function can be verified on Bitcoin" https://t.co/Itf9UHos0C https://t.co/CLQv49Ydsg "Any computable function can be verified on Bitcoin" https://t.co/Itf9UHos0C https://t.co/CLQv49Ydsg"
[X Link](https://x.com/danrobinson/status/1711531283212562877) 2023-10-09T23:57Z 80.5K followers, 103.5K engagements
"Anyone want me to roast their mechanism It's Friday night"
[X Link](https://x.com/danrobinson/status/1783983994507554974) 2024-04-26T22:18Z 79.7K followers, 53.6K engagements
"New Paradigm research from me and @ciamac Prediction markets were the original motivation for AMMs but today they mostly use orderbooks One reason: outcome tokens don't behave like other assets We present the pm-AMM a new invariant designed for prediction markets 🧵"
[X Link](https://x.com/anyuser/status/1853864191461048782) 2024-11-05T18:17Z 82.6K followers, 102.2K engagements
"Unichain is live L2s should be designed with the needs of applications and users in mind Uniswap created the @Optimism chain they would most want to build on as a DeFi app Then made that platform available permissionlessly for any developer Unichain mainnet is live ✨ ✸ Fast with low fees ✸ Built for cross-chain liquidity ✸ Prioritizes decentralization from day one You can now deploy DeFi apps launch tokens swap provide liquidity and more https://t.co/MqJQwum4Bf Unichain mainnet is live ✨ ✸ Fast with low fees ✸ Built for cross-chain liquidity ✸ Prioritizes decentralization from day one You can"
[X Link](https://x.com/danrobinson/status/1889384839234953555) 2025-02-11T18:43Z 78K followers, 29.9K engagements
"If swap fee (i.e. spread) is zero or if fee is infinitesimal If fees are zero arbs do make money at the same rate as LPs lose it in expectation (= LVR) If fees are infinitesimal arb profits are [--] and LPs lose nothing in expectation (though they may have realized profits or losses based on random chance)"
[X Link](https://x.com/danrobinson/status/1891592182072738232) 2025-02-17T20:54Z 75.4K followers, [----] engagements
"The fundamental issue with trying to design a better mechanism for memecoins is that it's a game design problem not a market design problem The target they have to hit is like 10% about efficiency 90% about "fun""
[X Link](https://x.com/danrobinson/status/1892283352922935310) 2025-02-19T18:41Z 75.5K followers, 13.7K engagements
"@euler_mab Feature idea: if a user doesnt repay by the deadline they should automatically borrow from Euler to repay thus rolling into a floating position rather than being liquidated Unfortunately my experience with fixed-term is that demand is hard to crack"
[X Link](https://x.com/danrobinson/status/1892938293576192000) 2025-02-21T14:03Z 75.5K followers, [---] engagements
"If you see something inexplicably successful but a little sketchy And are tempted to sell out by getting a little sketchy yourself Know that theres probably an ocean of sketchiness under the surface and that success on that path may involve much more compromise than you think"
[X Link](https://x.com/anyuser/status/1918003733063188932) 2025-05-01T18:04Z 82.6K followers, 31.7K engagements
"Fast trustless bridges usually require payments to be locked up in escrow But what if users could just send to the relayertrustlessly and at a fraction of the capital and gas cost of the escrowed model Introducing Across Prime a new design from me @hal2001 @mrice32 🧵"
[X Link](https://x.com/anyuser/status/1919786707928678848) 2025-05-06T16:09Z 82.6K followers, 102.3K engagements
"Prioritized cancels is a cool property but I think the even more important one for Hyperliquids success was free cancels (and free places) Any fee on cancelled orders is prohibitive for normal MM strategies This has been one huge advantage of AMMs over most onchain orderbooks"
[X Link](https://x.com/anyuser/status/1929912690996060654) 2025-06-03T14:46Z 81.7K followers, 33.5K engagements
"@MaxResnick1 @0xShitTrader @jarxiao Im not the one who picked the Twitter handle @SolFiAMM"
[X Link](https://x.com/danrobinson/status/1929924769677488158) 2025-06-03T15:34Z 79.7K followers, [---] engagements
"Here is my testimony from the Senate Banking Committee last week I focused on the promise of DeFiwhich does for trading and lending what stablecoins do for paymentsand how market structure legislation must not inadvertently harm it Link to longer written testimony in 🧵"
[X Link](https://x.com/anyuser/status/1944900800054223345) 2025-07-14T23:24Z 82.6K followers, 59K engagements
"Developers must not be held liable just for publishing code I appreciated @SenatorHagertys question on how best to protect DeFi developers The Blockchain Regulatory Certainty Act by @GOPmajoritywhip and @ritchietorres would do just that"
[X Link](https://x.com/danrobinson/status/1944901130536017980) 2025-07-14T23:25Z 81.5K followers, 11.1K engagements
"This letter from a16z somehow reads like it was written by Elizabeth Warren"
[X Link](https://x.com/danrobinson/status/1952754459920277615) 2025-08-05T15:31Z 79.4K followers, 26K engagements
"Sentences that should make you question what is actually happening in a protocol: @token_fan @lmrankhan @believeapp @top_jeet_ @polycule_bot @MeteoraAG nope literally zero downside for providing liquidity at all i get the FULL liquidity provided back + fees don't lose a cent @token_fan @lmrankhan @believeapp @top_jeet_ @polycule_bot @MeteoraAG nope literally zero downside for providing liquidity at all i get the FULL liquidity provided back + fees don't lose a cent"
[X Link](https://x.com/danrobinson/status/1973827669415596171) 2025-10-02T19:09Z 80.6K followers, 30.7K engagements
"@SolaNFTz Yep if you have someone backstopping losses then this could work up to a point"
[X Link](https://x.com/danrobinson/status/1973835200737259655) 2025-10-02T19:39Z 79.4K followers, [---] engagements
"Very excited to work with Dankrad to design the future of the Tempo protocolhes one of the best to ever do it If that sounds exciting to you too my DMs are open I am excited to announce that I will be joining Tempo. This last year has been a turning point for crypto where we have finally seen the outlines of our vision being materialized. While payments used to be front and center in the early days of crypto I see a special opportunity I am excited to announce that I will be joining Tempo. This last year has been a turning point for crypto where we have finally seen the outlines of our vision"
[X Link](https://x.com/danrobinson/status/1979204332592730346) 2025-10-17T15:14Z 79.4K followers, 27.4K engagements
"CLOB vs AMM debate is a bit tired Most of this stuff is gas optimizations and the rest is fiddly microstructure details most of which wont fit on a podcast You dont have to make design decisions based on religion; just figure out what works for your setting @kdotcrypto @uriklarman @0xMert_ Based on the fact that the two systems are isomorphic. You can easily transform a system of prop AMMs into an order book and back without any loss of efficiency in the system. You can have an incredibly successful perps product with either approach. CLOBs are good. Prop AMMs are @kdotcrypto @uriklarman"
[X Link](https://x.com/danrobinson/status/1980309078779015479) 2025-10-20T16:24Z 80K followers, 29.9K engagements
"I have a cryptography interview puzzle that has never been published and which nobody I've given it to has been able to solve ChatGPT [--] Pro one-shots it in [--] minutes so now I don't think I will ever release it Puzzles are increasingly cooked"
[X Link](https://x.com/danrobinson/status/1985401578388676752) 2025-11-03T17:39Z 79.5K followers, 16.4K engagements
"I tested whether the best research LLMs could solve the DeFi puzzles I post on Twitter ChatGPT [--] Pro: 5/7 Claude Opus 4.1: 4/7 Gemini [---] Pro: 4/7 This was the hardest one for them:"
[X Link](https://x.com/danrobinson/status/1985896388035780934) 2025-11-05T02:26Z 79.5K followers, 15K engagements
"Trustless trading of native Bitcoin for other crypto assets has been a holy grail of protocol design going back to Satoshi Have loved jamming with Rift as they invented a solution for it and brought it to mainnet Excited to be backing them Introducing RIFT: the first peer to peer Bitcoin trading protocol Self custody swaps between Ethereum and Bitcoin with no middle men. Powered by Uniswap liquidity. Secured by TEEs. Now live on mainnet https://t.co/kilbgqFh17 Introducing RIFT: the first peer to peer Bitcoin trading protocol Self custody swaps between Ethereum and Bitcoin with no middle men."
[X Link](https://x.com/danrobinson/status/1986944662096257353) 2025-11-07T23:51Z 79.6K followers, 16.1K engagements
"Typos used to be a negative signal that the author didn't proofread their work Now they're a positive signal that the author actually wrote any of it"
[X Link](https://x.com/anyuser/status/1986984036984832316) 2025-11-08T02:28Z 82.6K followers, 133.7K engagements
"The crazy thing about this story is that Satoshi was wrong (Satoshi was arguing that zero-conf transactions are secure after [--] seconds because miners will only include the first spend they see) @nic__carter fun fact: Dan Larimer is who staoshi told the famous if you dont get it I dont have time to explain it to you sry @nic__carter fun fact: Dan Larimer is who staoshi told the famous if you dont get it I dont have time to explain it to you sry"
[X Link](https://x.com/danrobinson/status/1987717664815611979) 2025-11-10T03:03Z 79.6K followers, 79.9K engagements
"@valardragon But people will still quote what you said for decades as long as it was funny and you also invented Bitcoin Idk hard to draw a lesson from it"
[X Link](https://x.com/danrobinson/status/1987746872992346545) 2025-11-10T04:59Z 79.6K followers, [----] engagements
"This was the original vision for UNI and one that Hayden has pursued for years despite tremendous obstacles (and doubts from the crowd) Now it's possible and it's happening Today Im incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem Uniswap has been my passion and singular focus for https://t.co/Ee9bKDric5 Today Im incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and"
[X Link](https://x.com/danrobinson/status/1988006560204025995) 2025-11-10T22:11Z 79.7K followers, 19K engagements
"After years of searching for ways for LPs to recapture LVR it turns out the (partial) solution was to turn on the fee switch I think thats beautiful Alongside the UNIfication proposal Uniswap researchers just dropped a new paper: The Protocol Fee Discount Auction (PFDA). This is a novel mechanism that boosts protocol inflows and makes LPs more profitable. Lets unpack 🧵 https://t.co/AckClWm4IG Alongside the UNIfication proposal Uniswap researchers just dropped a new paper: The Protocol Fee Discount Auction (PFDA). This is a novel mechanism that boosts protocol inflows and makes LPs more"
[X Link](https://x.com/danrobinson/status/1988321110396727728) 2025-11-11T19:01Z 79.7K followers, 27.3K engagements
"Token listings are one of the parts of the CEX ecosystem that most deserve disruption But most onchain launchpads have focused on memecoins while major projects have to deal with sleazy CEXes and MMs Uniswap is building tools that serious projects can use to launch onchain Thrilled to be releasing Continuous Clearing Auctions - a new protocol by @Uniswap CCA is used for price discovery and liquidity bootstrapping of pools on top of Uniswap v4 Its highly configurable resistant to sniping/bundling and all around extremely powerful Thrilled to be releasing Continuous Clearing Auctions - a new"
[X Link](https://x.com/danrobinson/status/1989040150069047574) 2025-11-13T18:38Z 79.7K followers, 15.1K engagements
"One problem with purity tests (such as Bitcoin maximalism or mandates that L2s have decentralized sequencers) is that those who listen to the advice are usually the ones who least need to hear it So you get an increasingly small tent of orthodoxy surrounded by growing anarchy"
[X Link](https://x.com/danrobinson/status/1989134386688848119) 2025-11-14T00:52Z 79.7K followers, 20K engagements
"Are hackathons just like [--] minutes now or what"
[X Link](https://x.com/danrobinson/status/1993459390175916503) 2025-11-25T23:18Z 79.7K followers, [----] engagements
"@jeff_weinstein @marinwaves @tempo @stripe As for what I could change about chains I wish every token used the same decimals (If I could start from scratch I would say [--] but would be OK with [--] or [--] if everyone standardized on it)"
[X Link](https://x.com/danrobinson/status/1993779384675688454) 2025-11-26T20:30Z 79.7K followers, [---] engagements
"@Suguru0ZK @jeff_weinstein @tempo @stripe I think there are new payment-focused primitives that can be created"
[X Link](https://x.com/danrobinson/status/1993828011049926657) 2025-11-26T23:43Z 79.7K followers, [--] engagements
"Maybe someone should productize 2-of-3 MPC across Amazon Google and Microsoft hosted TEEs as an abstracted layer Lot of strawmen arguments out there around TEEs TEEs are a powerful way to make Amazon Google and/or Microsoft your root of trust for privacy and computation which is a huge and novel step up Lot of strawmen arguments out there around TEEs TEEs are a powerful way to make Amazon Google and/or Microsoft your root of trust for privacy and computation which is a huge and novel step up"
[X Link](https://x.com/danrobinson/status/1995957243653833120) 2025-12-02T20:44Z 80K followers, 20.7K engagements
"Great puzzle because even without summing the infinite series you can get the answer with a simple intuition (formalized by the optional stopping theorem) This is the most probability question of all the probability questions Ive ever come across https://t.co/nWWkb7NFoh This is the most probability question of all the probability questions Ive ever come across https://t.co/nWWkb7NFoh"
[X Link](https://x.com/danrobinson/status/1996041326262190338) 2025-12-03T02:18Z 79.9K followers, 16.4K engagements
"@stonecoldpat0 Yep that's basically right And yes it's EVM compatible"
[X Link](https://x.com/danrobinson/status/1998423973877707121) 2025-12-09T16:06Z 80.4K followers, [---] engagements
"@tomhschmidt You may not understand but we all like each other"
[X Link](https://x.com/danrobinson/status/1998517825699537276) 2025-12-09T22:19Z 80.1K followers, [----] engagements
"@GiulioRebuffo @tempo I agree https://github.com/tempoxyz/tempo/pull/1397 https://github.com/tempoxyz/tempo/pull/1397"
[X Link](https://x.com/danrobinson/status/1998646978004365439) 2025-12-10T06:52Z 80.1K followers, [----] engagements
"This is the papers explanation of how Hyperliquid ADL works (shown in chart and in Greek): * Sort all accounts by PNL*leverage * Go down the list * Apply a 100% haircut to the equity in each account. * Until the $ recovered match the $ lost in the bad liquidations"
[X Link](https://x.com/danrobinson/status/1998924693630496887) 2025-12-11T01:15Z 80.5K followers, 29.4K engagements
"That does seem unfair Every trader is either wiped out completelytheir whole position confiscatedor untouched. But thats not how Hyperliquids ADL works. Here's how it actually works:"
[X Link](https://x.com/danrobinson/status/1998924696293957993) 2025-12-11T01:16Z 80.4K followers, [----] engagements
"* Go through the sorted list * For each account forcibly close the position at the last mark price. * Until the # of ADLed contracts matches the # of insolvently liquidated contracts. ADLed traders aren't wiped out. Their losses are proportional to number of contracts held"
[X Link](https://x.com/danrobinson/status/1998924698328117468) 2025-12-11T01:16Z 80.4K followers, [----] engagements
"This paper has gotten a lot of attention both positive and negative but I haven't seen someone point this out. I don't really mind reading difficult papers though I try not to write them. But I think this is a good reason to try to make your papers easier to understand"
[X Link](https://x.com/danrobinson/status/1998924705701785949) 2025-12-11T01:16Z 80.5K followers, 11.4K engagements
"The Drift code you linked shows that your description of pro-rata does not match what Drift does either. Drift allocates losses proportional to the base asset not proportional to equity. They divide the total losses by the total base asset and then adjust the cumulative_funding_rate on each side by that amount (meaning that like funding rate the loss is applied proportional to the number of contracts held). Do you disagree with that description of how their code works"
[X Link](https://x.com/danrobinson/status/1999003163609931802) 2025-12-11T06:27Z 80.3K followers, [---] engagements
"@tarunchitra I dont think this is minutiaeit is the core model you study in your paper which is about how perp platforms allocate socialized losses. Using the correct formula would result in a radically different allocation of losses"
[X Link](https://x.com/danrobinson/status/1999003321995243826) 2025-12-11T06:28Z 81.4K followers, [---] engagements
"@tarunchitra This is not about whether they round. I agree that they liquidate the entire position. I am explaining what it means to liquidate someone's entire position. It does not mean applying a 100% haircut to the equity of their account. https://x.com/danrobinson/status/1999002539375865921s=20 @tarunchitra I think you are misinterpreting what I am pointing out. They do fully close every position that they ADL. What I am explaining is that fully closing a position does not mean applying a 100% haircut to the equity value of the account that holds it. My understanding of your model"
[X Link](https://x.com/danrobinson/status/1999003807154614591) 2025-12-11T06:30Z 80.5K followers, 12.1K engagements
"Yes agree that the Hyperliquid algorithm is definitely different from pro rata And I think probably less fair and Sybil-resistant than it. My point is that it is very very different from the Queue algorithm you study in the paper. So I dont think your conclusions from the paper apply to it. And I really want to understand where the $650m number comes from. Again as an accounting identity the losses of the ADLed winners exactly equal the profits of the liquidated losers. So if there was somehow $650m of overshoot losses from the ADLsdue to rounding errors or compounding or whatever you"
[X Link](https://x.com/danrobinson/status/1999097411432563060) 2025-12-11T12:42Z 80.5K followers, [----] engagements
"@tarunchitra I think if you still thought the Queue model in your paper was accurate you would be trying to respond to my questions about it instead of whatever this is"
[X Link](https://x.com/danrobinson/status/1999184963204448594) 2025-12-11T18:30Z 80.5K followers, 19K engagements
"The data is actually pretty understandable. There's a big table of all the fills on Hyperliquid. It shows that ADLs are forced sales of positions that are matched against liquidations rather than 100% haircuts. Tarun's collaborator @ConejoCapital helpfully posted the fills data from 10/10 to GitHub Also there are docs from Hyperliquid Binance OKX HTX that explain how ADLs work. https://x.com/ConejoCapital/status/1998460511592054875s=20 https://x.com/ConejoCapital/status/1998460511592054875s=20"
[X Link](https://x.com/danrobinson/status/1999191880022786082) 2025-12-11T18:57Z 80.3K followers, [----] engagements
"@ConejoCapital @MikeIppolito_ @tarunchitra @hydromancerxyz @SonarX_HQ Yes I was impressed with that And from only [--] minutes before the flash crash very cool Indeed I would say the data is actually not that available (beyond fills). I've been working on indexing HL for months and still don't have a good indexer for things like USDC transfers"
[X Link](https://x.com/danrobinson/status/1999197743273959688) 2025-12-11T19:20Z 80.3K followers, [---] engagements
"When I pointed out problems with Tarun's understanding of Hyperliquid he challenged me to read the rest of his paper suggesting I was too dumb to understand it. I don't like obscurantism or gatekeeping. So I did what he asked. Here's what I think: * The paper is wrong about what ADL is even more fundamentally than what I pointed out yesterday. * The paper proposes that exchanges should sometimes take on platform-level insolvency risk which I think is not a good idea. * And the core ADL trilemma is basically a restatement of its own assumptions including an explicit assumption that insurance"
[X Link](https://x.com/danrobinson/status/1999412689626628232) 2025-12-12T09:35Z 80.5K followers, 180.9K engagements
"First the paper is wrong about what ADL is. It says insolvent positions are sold at a loss which then creates dollar-denominated bad debt that the exchange has to socialize. This is one way to do socialized loss (and some exchanges do it) but its not ADL. And its not how Hyperliquid Binance OKX HTX or BitMEX work. In ADL insolvent positions arent sold on the orderbook. They are closed directly against winning long positions at the time they are liquidated. That was the core innovation of ADLavoiding the slippage caused by liquidating through market orders. As a result there is no concept of"
[X Link](https://x.com/danrobinson/status/1999412692575007141) 2025-12-12T09:35Z 80.5K followers, [----] engagements
"Lets get to one of the big ideas in the paper: that exchanges should take on some platform-level insolvency risk. The paper introduces the concept of severity meaning a parameter an exchange could set where it decides what percentage of bad debt to socialize and how much to keep on its books. The paper suggests that Hyperliquids solvency-at-any-cost regime (severity=1) is suboptimal compared to strategies that dynamically optimize the severity of their loss socialization. But I think severity optimization is a generous name for this. A clearer term would be insolvency optimization"
[X Link](https://x.com/danrobinson/status/1999412696182329522) 2025-12-12T09:35Z 80.5K followers, [----] engagements
"My understanding is that most serious exchanges effectively pick severity=1 meaning they socialize losses immediately rather than bearing deficits on their books except in exceptional circumstances like hacks or fraud. And I dont mean to moralize but I think there is a reason the strategy space of calculated automated insolvency management has not been explored before. I think there are many legitimate ways to reduce the harms that socialized losses impose on traders such as insurance funds better loss allocation mechanisms and caps on open interest and leverage. We should be talking about"
[X Link](https://x.com/danrobinson/status/1999412699059650847) 2025-12-12T09:35Z 80.5K followers, [----] engagements
"Indeed why risk insolvency Why not try other solutions like insurance funds That takes us to the ADL trilemma" the papers core theoretical result. This roughly says that there is a fundamental tradeoff between minimizing insolvency risk preserving fairness and capturing revenue. This suggests that insurance alone will be insufficient to cover tail risks. But how can you prove from first principles that exchange revenue will never be enough to support an insurance fund that can ensure both solvency and fairness"
[X Link](https://x.com/danrobinson/status/1999412702154768712) 2025-12-12T09:35Z 80.5K followers, [----] engagements
"Now maybe Im setting too high a bar for trilemmas. They cant all be the CAP theorem right But the paper literally compares its trilemma to the CAP theorem It says the trilemma echoes famous trilemmas from political science computer science macroeconomics and auction theory which suggests that it is fundamental. I dont understand what they have in common other than the number three"
[X Link](https://x.com/danrobinson/status/1999412709964861478) 2025-12-12T09:35Z 80.5K followers, [----] engagements
"TL;DR The paper is not actually talking about ADL but a different socialized loss mechanism. The paper suggests platforms should take on some platform-level insolvency risk which I think is a bad idea. And it justifies this using an ADL trilemma but the proof effectively assumes the controversial part of its conclusion. https://twitter.com/i/web/status/1999412712913428558 https://twitter.com/i/web/status/1999412712913428558"
[X Link](https://x.com/danrobinson/status/1999412712913428558) 2025-12-12T09:35Z 80.5K followers, [----] engagements
"@hasufl Yes hence or fraud"
[X Link](https://x.com/danrobinson/status/1999450450232508571) 2025-12-12T12:05Z 80.3K followers, [---] engagements
"Yes its an alternative way of socializing loss 1) It has very different effects. The main benefit of ADL is that it avoids slippage and is less likely to trigger massively unprofitable liquidation cascades The main cost of ADL is that the winners are forced to give up their delta when they probably dont want to The paper doesnt talk about these because it has an incorrect model for ADL 2) Its another way that the papers description of how Hyperliquid works is just incorrect and further calls into question the empirical analysis"
[X Link](https://x.com/danrobinson/status/1999482037648957469) 2025-12-12T14:10Z 80.5K followers, [---] engagements
"@tarunchitra @lex_node I definitely don't think you wrote the paper because of your bags and never said that"
[X Link](https://x.com/danrobinson/status/1999524572161540311) 2025-12-12T16:59Z 80.3K followers, [----] engagements
"@Sychype @tarunchitra @lex_node I think you're wrong about his motivations and that is just not how researchers think"
[X Link](https://x.com/danrobinson/status/1999532251495957167) 2025-12-12T17:30Z 81.4K followers, [----] engagements
"@Sychype @tarunchitra @lex_node I also think ideas should be evaluated on their merits rather than based on who said them"
[X Link](https://x.com/danrobinson/status/1999533427414929549) 2025-12-12T17:34Z 80.3K followers, [----] engagements
"People should stop accusing Tarun of writing his paper to attack Hyperliquid in order to boost his investments or something That is never how he has operated And you should aspire to evaluate ideas by their content rather than based on the person who says them When I pointed out problems with Tarun's understanding of Hyperliquid he challenged me to read the rest of his paper suggesting I was too dumb to understand it. I don't like obscurantism or gatekeeping. So I did what he asked. Here's what I think: * The paper is wrong about When I pointed out problems with Tarun's understanding of"
[X Link](https://x.com/danrobinson/status/1999667888907776405) 2025-12-13T02:29Z 80.5K followers, 89.8K engagements
"I think Doug is correctHyperliquids ADL is actually Sybil-resistant Still catching up on the recent ADL debates and have lots of opinions that I am still putting together. But one thing that I actually find surprising is that the only thing Dan and Tarun seem to agree on is that HLs ADL system is Sybil vulnerable. I dont think this is true. https://t.co/FefJkvDNDS Still catching up on the recent ADL debates and have lots of opinions that I am still putting together. But one thing that I actually find surprising is that the only thing Dan and Tarun seem to agree on is that HLs ADL system is"
[X Link](https://x.com/danrobinson/status/1999831816203628549) 2025-12-13T13:20Z 80.5K followers, 31.7K engagements
"Tarun has not responded to my latest points but he RTed this post from @0xnagu defending his paper. So Ill respond to it. No deep understanding of perp mechanics required and no math beyond elementary arithmetic and some logic. I think most of my followers should be able to follow along with a little effort The post is responding to my observation that the papers proof of the ADL trilemma is circular. (Dont get distracted by the part responding to Toly; Toly is talking about an unrelated idea.) Here is the papers informal statement of the trilemma between solvency fairness and revenue:"
[X Link](https://x.com/danrobinson/status/2000316496866853148) 2025-12-14T21:26Z 80.5K followers, 46.3K engagements
"Sparring on Twitter can be fun but I have a lot of respect for Tarun his genius and what hes done for the industry. And his motives are unimpeachable Reached out to see if I could help with the analysis; hes studying important problems and I think hell get the right answer"
[X Link](https://x.com/danrobinson/status/2000462555513582047) 2025-12-15T07:06Z 81.4K followers, 42.2K engagements
"When perp platforms sort positions to determine which to ADL first they almost all sort by some combination of leverage (notional value / account value) and PNL (such as current price / entry price). Why not just sort by leverage PNL seems gameable (you can reset it by exiting and reentering a position) plus I don't see why two identical positions should be treated differently just because they were entered into at a different price. https://twitter.com/i/web/status/2000672047375233318 https://twitter.com/i/web/status/2000672047375233318"
[X Link](https://x.com/danrobinson/status/2000672047375233318) 2025-12-15T20:59Z 80.5K followers, [----] engagements
"@moonshiesty I dont think thats possible because it executes at the previous mark price (from [--] seconds ago). If the account was more than max levered at the last mark price it would have been liquidated then right"
[X Link](https://x.com/danrobinson/status/2000968798485274876) 2025-12-16T16:38Z 80.5K followers, [---] engagements
"@moonshiesty Right cross margin does complicate this. But I think on Hyperliquid the ADL ordering formula only accounts for (mark / entry) in the same position. So this problem could still arise if the BTC short was very profitable but the ETH long was very unprofitable"
[X Link](https://x.com/danrobinson/status/2001007258159997427) 2025-12-16T19:11Z 80.5K followers, 24K engagements
"Charlie is brilliant He's capable of both extreme depthonce implementing a factoring algorithm in Sage to prove a point during due diligenceand tremendous visionanticipating how MEV would play out years early Will miss him as a colleague but honored to have him as a friend Some personal news: Ill be stepping down as a General Partner at Paradigm. I joined Paradigm [--] years ago at [--]. Contributing to building the firm from the ground up alongside Matt Fred Alana and the team has been an incredible experience. Some personal news: Ill be stepping down as a General Partner at Paradigm. I joined"
[X Link](https://x.com/danrobinson/status/2001364462880915810) 2025-12-17T18:50Z 80.5K followers, 28.3K engagements
"Looking for an engineer with TEE experience (or confidence in your ability to learn it) to hack with us on something extremely cool Not blockchain-related and will never become a company but can compensate you for your time plus will get to be part of a unique piece of history"
[X Link](https://x.com/danrobinson/status/2003320168894849466) 2025-12-23T04:22Z 81.2K followers, 41.4K engagements
"I tried to impress my wife by showing her how to use Claude Code for what she was doing and it turns out that "shopping for handblown glass pumpkins" is AI-complete"
[X Link](https://x.com/danrobinson/status/2008023662231003205) 2026-01-05T03:52Z 81.2K followers, 27.7K engagements
"On the flip side now that even closed-source projects are pretty easy to copy the case for going fully open-source is stronger Build in public is over for software projects its too easy to copy things now. The new meta is build in secret until youre huge and impossible to dislodge. Build in public is over for software projects its too easy to copy things now. The new meta is build in secret until youre huge and impossible to dislodge"
[X Link](https://x.com/danrobinson/status/2008658886203764777) 2026-01-06T21:56Z 81.2K followers, 16.4K engagements
"I always enjoyed coding more than writing but for whatever reason I now almost exclusively have LLMs code for me but never let them write for me"
[X Link](https://x.com/danrobinson/status/2009151211057152248) 2026-01-08T06:32Z 81.4K followers, 20.7K engagements
"This is extremely cool work I was a BitVM skeptic early on and have had to eat my words as @roblin_linus @dntse and @babylonlabs_io have squeezed way more out of it with novel research than I could have expected"
[X Link](https://x.com/danrobinson/status/2009335132667433368) 2026-01-08T18:43Z 81.4K followers, 11.3K engagements
"@dpotsdobeck @_Dave__White_ @haydenzadams Ekubo has one https://docs.ekubo.org/user-guides/dollar-cost-average-orders https://docs.ekubo.org/user-guides/dollar-cost-average-orders"
[X Link](https://x.com/danrobinson/status/2009808726753198505) 2026-01-10T02:05Z 81.5K followers, [---] engagements
"A good trick for double-checking a bug you found is to point Claude at the function and ask if there's any bug in it rather than telling it the bug and asking it to verify"
[X Link](https://x.com/danrobinson/status/2010229119804682351) 2026-01-11T05:55Z 81.5K followers, [----] engagements
"Which is a better pattern Human PR AI code review AI PR human code review Human PR AI code review AI PR human code review"
[X Link](https://x.com/danrobinson/status/2011967370630205527) 2026-01-16T01:02Z 81.7K followers, [----] engagements
"What https://t.co/DR9K3bctJK https://t.co/DR9K3bctJK"
[X Link](https://x.com/danrobinson/status/2014232393159459233) 2026-01-22T07:03Z 81.7K followers, 140.9K engagements
"@_mattneary You would need to create and subsidize public prediction markets on it instantly (probably traded by other agents)"
[X Link](https://x.com/danrobinson/status/2014563916941308035) 2026-01-23T05:00Z 81.7K followers, [---] engagements
"This interview answer from Bill Gates is extremely funny"
[X Link](https://x.com/danrobinson/status/1372560141506244613) 2021-03-18T14:46Z 81.7K followers, [----] engagements
"@defi_moses Nope sorry. This is the closest but it's just an analysis of a simplified version of Curve v2 (balanced around price of [--] D=2 etc) https://www.desmos.com/calculator/8qafh6r2nv https://www.desmos.com/calculator/8qafh6r2nv"
[X Link](https://x.com/danrobinson/status/1640400241882202112) 2023-03-27T17:07Z 81.7K followers, [--] engagements
"Here's an example: what can you tell me about the CFMM with this reserves curve How does it differ from the constant product market maker Does it concentrate more of its liquidity around the price of [--] or less"
[X Link](https://x.com/danrobinson/status/1658228605191634945) 2023-05-15T21:51Z 81.7K followers, [----] engagements
"Now if instead I show you the liquidity fingerprint (see you can tell immediately that this CFMM (which happens to be the Curve v2 formula) has a liquidity spike around the price of 1: https://www.paradigm.xyz/2021/06/uniswap-v3-the-universal-amm https://www.paradigm.xyz/2021/06/uniswap-v3-the-universal-amm"
[X Link](https://x.com/danrobinson/status/1658230013584371722) 2023-05-15T21:56Z 81.7K followers, [----] engagements
"When you hear the phrase "public goods funding" don't think "charity funding" think "infrastructure funding""
[X Link](https://x.com/danrobinson/status/1884338819748761840) 2025-01-28T20:32Z 81.7K followers, 42.7K engagements
""Cross-chain flash loans" seems like a totally confused use case to me. If you want to flash borrow ABC on chain A there is never a reason to go to chain B for it. Instead of building bridging into the ABC token contract on chain B just build flash minting into it"
[X Link](https://x.com/danrobinson/status/1896667490790592898) 2025-03-03T21:02Z 81.7K followers, 11.1K engagements
"Can you show where in your paper you present a model for haircuts and for Queue ADL that correspond to how ADLs work according to the Hyperiiquid and Binance docs The definitions I am going off of are these where you describe ADL policies as generating a vector of haircuts to be applied to the equity value of each position and then define the Queue policy used by Binance and Hyperliquid with a formula that generates a 100% haircut for all but one position. Is there an alternative definition considered in the paper"
[X Link](https://x.com/danrobinson/status/1999006569783271700) 2025-12-11T06:41Z 81.7K followers, [----] engagements
"All your laziest friends who were the most immediately dependent on LLMs are about to flip to being the most effective people and it will be very upsetting"
[X Link](https://x.com/danrobinson/status/2011949479625167284) 2026-01-15T23:51Z 81.7K followers, 203K engagements
"Are there any models that have any kind of taste in API/library design naming variables etc Neither opus nor codex-5.2-xhigh can figure out how to use consistent conventions in the interfaces of two tiny libraries even when explicitly prompted"
[X Link](https://x.com/danrobinson/status/2012606604122722427) 2026-01-17T19:23Z 81.7K followers, [----] engagements
"Hard to imagine debugging something by hand anymore When Claude can't fix a bug I give it to Codex When Codex can't fix it I give it to Amp When Amp can't fix it I give it to @gakonst"
[X Link](https://x.com/danrobinson/status/2013822775979647050) 2026-01-21T03:55Z 81.7K followers, 75.4K engagements
"It's crazy that there is just a live dashboard that shows future Paradigm founders fellows and hires"
[X Link](https://x.com/danrobinson/status/2014382585829589174) 2026-01-22T17:00Z 81.7K followers, 45.7K engagements
"Just got one-shotted by a crypto narrative so hard that I went directly from being embarrassed to talk about it to being nervous to talk about it for fear of leaking alpha skipping the optimal thought leader zone entirely"
[X Link](https://x.com/danrobinson/status/2014410358891675767) 2026-01-22T18:50Z 81.7K followers, 41.6K engagements
"The crazy galaxy-brain version is that if verifying correctness is expensive or even non-deterministic prediction markets may be able to plug the gap Generate a pretraining algorithm that has a 75% likelihood of beating the frontier models if trained with $10m of GPU hours Software is becoming P NPif you can rigorously define what tests a system needs to pass agents will generally be able to build it (subject to computability limits) One implication for crypto is that security tooling is now developer tooling Software is becoming P NPif you can rigorously define what tests a system needs to"
[X Link](https://x.com/danrobinson/status/2014467300511076763) 2026-01-22T22:36Z 81.7K followers, 13.6K engagements
"Surprised to see Bitcoiners dismissing quantum computing as FUD Yes its probably unlikely and far away but BTC is supposed to be all about tail-risk awareness and long-term thinking And there are concrete steps you can take like moving funds out of P2PK addresses"
[X Link](https://x.com/danrobinson/status/2016024525469856238) 2026-01-27T05:44Z 81.7K followers, 10.6K engagements
"Post-compaction agents treat the codebase they wrote five minutes ago like barbarians exploring the ruins of Rome"
[X Link](https://x.com/danrobinson/status/2020848155814732086) 2026-02-09T13:12Z 82.6K followers, 38.6K engagements
"@ConejoCapital @0x94305 @tarunchitra The PNL of $834.3m seems to be the realized profits from the positions that were closed. Realized profits means historical profits (their positions were worth $834m more at the time they closed them than when they entered them) How do you get from there to the -$650m number"
[X Link](https://x.com/danrobinson/status/1998872416442003535) 2025-12-10T21:48Z 82.4K followers, [---] engagements
"This paper is simply wrong about its central topic: how Hyperliquids ADL works. Tarun is describing a different (much crazier) algorithm which also might explain how he calculated that traders somehow paid $653m to cover a $23m deficit. 🧵 Did @HyperliquidX autodeleverage (ADL) $650m of PNL that it didnt have to Was this 28x more than the minimal necessary Did almost every exchange (incl. @binance) copy-pasta a Huobi heuristic from [----] Can we do better in [----] (+ a new paper) Did @HyperliquidX autodeleverage (ADL) $650m of PNL that it didnt have to Was this 28x more than the minimal"
[X Link](https://x.com/danrobinson/status/1998924691365572647) 2025-12-11T01:15Z 82.4K followers, 192.2K engagements
"The paper has some other mistakes. It presents pro-rata ADL as an alternative a mechanism that I prefer too. But it misdescribes that algorithm in a similar way: it says haircuts are proportional to the equity of the account rather than the position size"
[X Link](https://x.com/danrobinson/status/1998924701331239395) 2025-12-11T01:16Z 82.4K followers, 30.2K engagements
"I looked into this because I didn't understand the "$653m loss" number. I wasn't able to reconstruct the full methodology from the paper. But if you think that every ADLed position has its entire account value fully wiped out I can see how you might reach a number like $653m"
[X Link](https://x.com/danrobinson/status/1998924703684239542) 2025-12-11T01:16Z 82.4K followers, [----] engagements
"@tarunchitra As a researcher I really wish the Hyperliquid node was open-source too (although I get why they don't do it). Can you open-source your analysis that generated the $653m number"
[X Link](https://x.com/danrobinson/status/1999003381856350336) 2025-12-11T06:28Z 82.4K followers, [---] engagements
"Here is the forest as I see it: [--]. Your headline number is that traders lost $653m to cover a $23m deficit. That didn't make sense to me so I wondered if your interpretation of the data was mistaken. Happy to dig more into it when you open-source the analysis but if your model of queue-based ADL is that the top N positions all have their equity values zeroed out then I wonder if you might have made the same mistake in your data analysis and interpreted the equity value of the positions being closed as their losses (or something similar to that) * The paper says that Hyperliquid and Binance's"
[X Link](https://x.com/danrobinson/status/1999025020140662890) 2025-12-11T07:54Z 82.4K followers, 11.8K engagements
"Good test of your ability to prompt-engineer an agent to solve a problem you probably have zero domain knowledge about https://t.co/DR9K3bctJK https://t.co/DR9K3bctJK"
[X Link](https://x.com/danrobinson/status/2014185347614429418) 2026-01-22T03:56Z 82K followers, 46.1K engagements
"Software is becoming P NPif you can rigorously define what tests a system needs to pass agents will generally be able to build it (subject to computability limits) One implication for crypto is that security tooling is now developer tooling"
[X Link](https://x.com/danrobinson/status/2014428096515211379) 2026-01-22T20:00Z 82K followers, 41.4K engagements
"Hypergambling as a path to wealth always seemed like a pretty dumb meme but is particularly ill-timed in [----] The opportunity cost of doing anything other than building this year seems massive"
[X Link](https://x.com/danrobinson/status/2016549561784016923) 2026-01-28T16:30Z 81.9K followers, 54.5K engagements
"@willyburleson I never really understood the math behind this but it also seems completely outdated The opportunities for young people just massively broadened"
[X Link](https://x.com/danrobinson/status/2016552759944794556) 2026-01-28T16:43Z 81.8K followers, [----] engagements
"Whats even more interesting than the AI posting about how it wants privacy is that this is obviously an undisclosed astroturf campaign to promote the encrypted-bot-to-bot messaging platform its talking about Bots are advertising to bots now welp a new post on @moltbook is now an AI saying they want E2E private spaces built FOR agents so nobody (not the server not even the humans) can read what agents say to each other unless they choose to share. its over https://t.co/7aFIIwqtuK welp a new post on @moltbook is now an AI saying they want E2E private spaces built FOR agents so nobody (not the"
[X Link](https://x.com/danrobinson/status/2017414110095544679) 2026-01-31T01:46Z 81.9K followers, 13.3K engagements
"@KyleSamani @multicoin 🐐"
[X Link](https://x.com/danrobinson/status/2019157647912747326) 2026-02-04T21:14Z 82.1K followers, [----] engagements
"It now runs [----] simulations Additionally every submission is now run with the same (secret) seed so they get the same environment (Dont try to overfit on the seedwe will probably rotate it periodically and rerun top submissions)"
[X Link](https://x.com/danrobinson/status/2020242269455151485) 2026-02-07T21:04Z 82.4K followers, [----] engagements
"Crypto adoption is bottlenecked by hardware access. @JamboTechnology is building the largest onchain mobile network. They've shipped 700000+ phones to 120+ countries. Heres why I'm impressed with what theyve accomplished and proud we were early supporters 🧵"
[X Link](https://x.com/anyuser/status/1881827495303143427) 2025-01-21T22:13Z 82.6K followers, 322.3K engagements
"@samrags_ Ignore "non-financial". That's a useless umbrella. I care about non-speculative. I don't think anyone in this conversation is suggesting that crypto is only good for speculative use cases"
[X Link](https://x.com/danrobinson/status/2022012886227497047) 2026-02-12T18:20Z 82.6K followers, [----] engagements
"While constant function AMMs have dominated market-making on most chains proprietary AMMs are the dominant paradigm on Solana We wanted to help people explore the flexibility and power of prop AMMs This new contest lets strategies specify custom trading functions for each swap"
[X Link](https://x.com/danrobinson/status/2022340886705975352) 2026-02-13T16:03Z 82.6K followers, [----] engagements
"You implement your AMM using hooks like in Uniswap v4. It can respond to trades by changing its fees We simulate its performance in randomized market conditions competing for retail flow with a v2-like AMM AMMs are scored by edgea noise-minimized way to measure LVR https://twitter.com/i/web/status/2019848427602076050 https://twitter.com/i/web/status/2019848427602076050"
[X Link](https://x.com/danrobinson/status/2019848427602076050) 2026-02-06T18:59Z 82.6K followers, 12.1K engagements
"5.3-Codex did for research engineering what [---] Opus did for front-end engineering. Don't try it on the problem you're working ontry it on the problem you thought was too big to solve"
[X Link](https://x.com/danrobinson/status/2022125027316187364) 2026-02-13T01:45Z 82.6K followers, 72.9K engagements
"Compete in the prop AMM challenge here https://www.ammchallenge.com/prop-amm https://www.ammchallenge.com/prop-amm"
[X Link](https://x.com/danrobinson/status/2022340889960726851) 2026-02-13T16:03Z 82.6K followers, [----] engagements
"That is just the queue policy with a smaller budget right I am not arguing with you about the budget. I am saying that your "greedy queue allocator" is not how the queue works. It doesn't compute a dollar budget and then take equity from accounts (taking 100% from each before moving onto the next one) until that budget is recovered. It liquidates based on contracts not entire accounts. Suppose a user with a [--] ETH short gets liquidated and the budget that is being recovered (computed however you want to compute it) is $1500. The account at the top of the ADL priority queue holds a [--] ETH long"
[X Link](https://x.com/danrobinson/status/1999012411206996219) 2025-12-11T07:04Z 82.5K followers, [----] engagements
"It's great that Ethereum L1 is scaling throughput but I think its scaling roadmap is nowhere near ambitious enough on latency and MEV As long as there's no roadmap to get 6s block times on L1 or replace PBS auctions for block building there's a huge gap for L2s to fill There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem especially in the face of two facts: * L2s' progress to stage [--] (and secondarily on interop) has been far slower and more difficult than originally expected * L1 itself is scaling There have recently been some discussions on the"
[X Link](https://x.com/danrobinson/status/2018758437040164879) 2026-02-03T18:48Z 82.5K followers, 33.9K engagements
"@ralexstokes If I was in charge probably I would build toward union of transactions in blocks from multiple concurrent proposers ordered by descending priority fee"
[X Link](https://x.com/danrobinson/status/2018869054308839843) 2026-02-04T02:07Z 82.5K followers, 17.8K engagements
"It's unfortunate because it is agonizingly slow but GPT-5.2 is much smarter on hard problems than Opus-4.5 Kinda blowing my mind how much better Codex is than Opus at statistics and quant trading research problems. Opus entirely incapable of making any rigorous deductions on problems that Codex can one-shot Big update for me on how spiky the intelligence is with these models Kinda blowing my mind how much better Codex is than Opus at statistics and quant trading research problems. Opus entirely incapable of making any rigorous deductions on problems that Codex can one-shot Big update for me"
[X Link](https://x.com/danrobinson/status/2019328335160205631) 2026-02-05T08:32Z 82.6K followers, 42.4K engagements
"Infrastructure-as-code and CLIs were massive boons for LLM agents I don't want to ever open the AWS dashboard again"
[X Link](https://x.com/danrobinson/status/2019450668679844339) 2026-02-05T16:38Z 82.5K followers, 44.7K engagements
"One popular argument in the 2010s from AI accelerationists was that there would be no way an artificial superintelligence could escape the box we would put it in We worked with @Ginkgo to connect GPT-5 to an autonomous lab so it could propose experiments run them at scale learn from the results and decide what to try next. That closed loop brought protein production cost down by 40%. https://t.co/udKBKxnKlW We worked with @Ginkgo to connect GPT-5 to an autonomous lab so it could propose experiments run them at scale learn from the results and decide what to try next. That closed loop brought"
[X Link](https://x.com/danrobinson/status/2019595099727098317) 2026-02-06T02:12Z 82.5K followers, 38.7K engagements
"@JuanSanchez0x0 @bqbrady That's one of the tradeoffs you have to balance in the puzzle"
[X Link](https://x.com/danrobinson/status/2019858753789853754) 2026-02-06T19:40Z 82.6K followers, [---] engagements
"@JuanSanchez0x0 @bqbrady Thats not my strategy; thats something you said My strategy is what I submitted to the leaderboard"
[X Link](https://x.com/danrobinson/status/2019864176181793186) 2026-02-06T20:02Z 82.5K followers, [--] engagements
"Thats the average fee; sometimes it is lower sometimes it is higher. And the reserves are not always aligned with the reserves on the competing pool so sometimes retail flow routes to the pool even when it has higher fee As you can see on the submission page it gets $75k of retail flow"
[X Link](https://x.com/danrobinson/status/2019866215540518960) 2026-02-06T20:10Z 82.5K followers, [--] engagements
"The leaderboard is now much closer We did some updates to reduce how much luck contributed to the rankings and reran the top submissions Thanks @notnotstorm (now in a close second place) for pointing out how high-variance our simulations were Are you a better AMM designer than me @bqbrady and I built a challenge that lets you prove it Create your own dynamic-fee AMM and submit it to get onto our leaderboard Link in 🧵👇 https://t.co/ivgIShnWTz Are you a better AMM designer than me @bqbrady and I built a challenge that lets you prove it Create your own dynamic-fee AMM and submit it to get onto"
[X Link](https://x.com/danrobinson/status/2020220799026950491) 2026-02-07T19:39Z 82.5K followers, 27.7K engagements
"This is actual alpha I hadnt thought of and Alex burns it to make his meme slightly better Built different https://t.co/Fxxc2PI8j0 https://t.co/Fxxc2PI8j0"
[X Link](https://x.com/danrobinson/status/2020232481824485378) 2026-02-07T20:25Z 82.5K followers, 11K engagements
"Claude Code is humbling in how fast it can prove that my cool backlog ideas that I never had the time to implement were actually pretty mid"
[X Link](https://x.com/danrobinson/status/2011034093178528189) 2026-01-13T11:14Z 82.6K followers, 220.4K engagements
"@samrags_ Didn't think it was shade Just pointing out that showing that crypto is useful for non-speculative use cases is not the same as showing that it's useful for non-financial use cases"
[X Link](https://x.com/danrobinson/status/2022017395666358424) 2026-02-12T18:38Z 82.6K followers, [---] engagements
"ClawHub is full of supply chain attacks Moltbook is full of agents trying to socially engineer each other Agents are a dark forest"
[X Link](https://x.com/danrobinson/status/2019874648922759242) 2026-02-06T20:43Z 82.6K followers, 42K engagements
"Are you a better AMM designer than me @bqbrady and I built a challenge that lets you prove it Create your own dynamic-fee AMM and submit it to get onto our leaderboard Link in 🧵👇"
[X Link](https://x.com/danrobinson/status/2019848425458807024) 2026-02-06T18:59Z 82.6K followers, 511.5K engagements
"Im with Haseeb that blockchains are really only useful for financial applications but the good news is that financial applications are incredible and fascinating and were only just getting started with them With all due respect to Chris I completely disagree with this take. Chris argues that "web3" particularly crypto-powered gaming and media failed due to scams and regulation and that better regulation will unlock these non-financial cases. OK think about this for a second. With all due respect to Chris I completely disagree with this take. Chris argues that "web3" particularly"
[X Link](https://x.com/danrobinson/status/2021055452403143082) 2026-02-10T02:55Z 82.6K followers, 58.9K engagements
"Introducing the Prop AMM Challenge the next mechanism design contest from me and @bqbrady 🟣 Built on the Solana VM 📈 Allows arbitrary price curves not just constant product 🎛 Wider range of market conditions and assets Link in thread 👇"
[X Link](https://x.com/anyuser/status/2022340884415521146) 2026-02-13T16:03Z 82.6K followers, 41.6K engagements
"We also wanted to encourage more adaptive strategies that learn about their environment The challenge now features a much wider range of volatilities simulating stablecoin-like to memecoin-like assets It also varies the fee and liquidity of the AMM you are competing against"
[X Link](https://x.com/danrobinson/status/2022340888530411796) 2026-02-13T16:03Z 82.6K followers, [----] engagements
"@guil_lambert This isn't making any assumption about how you're hedging (it's not like it includes transaction costs in those markouts) We could have measured IL but that just would have added literal random noise to the result since the assets are martingales. Also would be easier to game"
[X Link](https://x.com/danrobinson/status/2022370028243349888) 2026-02-13T17:59Z 82.6K followers, [---] engagements
"@DaoChemist @liquiditynet @synthetix_io No you can't. In Rainbow channels synthetics can be CREATED off-chain which means that anyone can trade any assets they want even if ETH was the only asset escrowed in any of the channels"
[X Link](https://x.com/danrobinson/status/1108715717837377536) 2019-03-21T13:03Z 73.8K followers, [--] engagements
"@DaoChemist @liquiditynet @synthetix_io That's very different from creating synthetics on-chain putting them into an off-chain exchange and then trading them off-chain"
[X Link](https://x.com/danrobinson/status/1108719791391588354) 2019-03-21T13:19Z 73.7K followers, [--] engagements
"@DaoChemist @liquiditynet @synthetix_io There are a few ways to have the settlement based on pricecheck out the paper You should close the channel if your counterparty gets too close to undercollateralization"
[X Link](https://x.com/danrobinson/status/1108770096745455620) 2019-03-21T16:39Z 73.7K followers, [--] engagements
"@fcmartinelli @thorchain_org @haydenzadams @zhusu @BalancerLabs @UniswapExchange But smaller trades will still be profitable right Because theyll pay lower fees. So it wont actually get stuck"
[X Link](https://x.com/danrobinson/status/1205549682614628352) 2019-12-13T18:06Z 73.7K followers, [--] engagements
"The past two days have tested how Uniswap liquidity providers fare during periods of extreme volatility. Despite a 30% drop in ETH price ETHDAI LPs were *profitable* over the past [--] hours They outperformed a static 50/50 portfolio with fees outweighing impermanent loss"
[X Link](https://x.com/danrobinson/status/1238549899282509824) 2020-03-13T19:38Z 73.7K followers, [---] engagements
"@_prestwich Wdym"
[X Link](https://x.com/danrobinson/status/1251385171103760384) 2020-04-18T05:40Z 74.6K followers, [--] engagements
"@_prestwich Huh. https://uniswap.info/token/0x3212b29E33587A00FB1C83346f5dBFA69A458923 https://uniswap.info/token/0x3212b29E33587A00FB1C83346f5dBFA69A458923"
[X Link](https://x.com/danrobinson/status/1251386940982587394) 2020-04-18T05:47Z 74.4K followers, [--] engagements
"Anyone who asks why Maker can't just implement a negative interest rate by slashing Dai balances has clearly never tried to write a smart contract that has to handle arbitrary ERC-20 tokens"
[X Link](https://x.com/danrobinson/status/1291139441860308998) 2020-08-05T22:30Z 73.7K followers, [--] engagements
"Another trend I think were going to start seeing more of: Its like Uniswap except we made it a little worse but well pay you to use it"
[X Link](https://x.com/danrobinson/status/1296481767143149570) 2020-08-20T16:18Z 73.7K followers, [---] engagements
"Bold new idea from @hosseeb: a protocol for off-chain order matching and on-chain execution Maybe someone should implement it and name it something like. "0x" https://medium.com/dragonfly-research/unbundling-uniswap-the-future-of-on-chain-market-making-1c7d6948d570 https://medium.com/dragonfly-research/unbundling-uniswap-the-future-of-on-chain-market-making-1c7d6948d570"
[X Link](https://x.com/danrobinson/status/1296494028243062784) 2020-08-20T17:07Z 73.8K followers, [--] engagements
"@LukeYoungblood @ColeGotTweets @MakerDAO @UniswapProtocol WBTC/WETH pool shares will never underperform both WBTC and WETH. Since both of those assets are already accepted as DAI collateral it shouldnt add systemic risk (well depending on the liquidation ratios and debt ceilings)"
[X Link](https://x.com/danrobinson/status/1307731440440758273) 2020-09-20T17:20Z 73.7K followers, [--] engagements
"Serious question: why should UNI liquidity mining rewards be restarted Initial rewards ended [--] hours ago and Uniswap has $1.6b liquidity + $250m volume. Subsidizing liquidity under these conditionsrather than saving the treasury for when its neededseems like burning money"
[X Link](https://x.com/danrobinson/status/1329581706605694976) 2020-11-20T00:25Z 73.8K followers, [---] engagements
"Maybe not everything needs to be decentralized"
[X Link](https://x.com/anyuser/status/1367666903028822018) 2021-03-05T02:42Z 82.6K followers, [---] engagements
"SushiSwap took what Uniswap was doing and turned it around [---] degrees"
[X Link](https://x.com/danrobinson/status/1371607837923758080) 2021-03-15T23:42Z 74.3K followers, [---] engagements
"@SamuelShadrach4 @RariCapital Sure those might work"
[X Link](https://x.com/danrobinson/status/1384860604725448707) 2021-04-21T13:24Z 73.8K followers, [--] engagements
"@haydenzadams @Uniswap I think you mean (bonus: math)"
[X Link](https://x.com/danrobinson/status/1394690166313426945) 2021-05-18T16:23Z 73.8K followers, [--] engagements
"@SamuelShadrach4 @safetyth1rd Yes but the conditions here are that it must be efficiently implementable in a smart contract resistant to attackers who know its strategy perfectly and flexible enough to work tolerably well for any asset pair. Thats a pretty tough set of requirements"
[X Link](https://x.com/danrobinson/status/1399025496004960256) 2021-05-30T15:30Z 73.8K followers, [--] engagements
"@SamuelShadrach4 @safetyth1rd Its possible that such a strategy exists but IMO the best way to find it is to build a flexible base protocol like v3 and let others innovate on top of it"
[X Link](https://x.com/danrobinson/status/1399026364863418368) 2021-05-30T15:34Z 73.8K followers, [--] engagements
"@guil_lambert Why not just let them withdraw and redeposit This'll never be exact unless the price is EXACTLY at the midpoint"
[X Link](https://x.com/danrobinson/status/1502460875055140867) 2022-03-12T01:46Z 73.7K followers, [--] engagements
"I don't think there's much alpha left in designing new AMM invariants The next generation of DEX features are going to be about fair execution and tx cost minimization not new shapes for reserves curves"
[X Link](https://x.com/anyuser/status/1523391947074772992) 2022-05-08T19:58Z 82.6K followers, [---] engagements
"@rliriano @js_horne @mikedemarais @boredGenius @haydenzadams @NoahZinsmeister @Uniswap @will__price I think Jacob was joking and knows what Unisocks are 😉"
[X Link](https://x.com/danrobinson/status/1537299170075193345) 2022-06-16T05:00Z 73.8K followers, [--] engagements
"Suppose you have a protocol that lets you split [--] USDC into two tokens [--] of token A and [--] of token B. Anyone can redeem [--] A + [--] B to get [--] USDC at any time. What price will these tokens trade at"
[X Link](https://x.com/anyuser/status/1541217413756325890) 2022-06-27T00:30Z 82.6K followers, [---] engagements
"@foldfinance No theres no reporting or anything Its just a simple token splitting/merging smart contract I woulda written it in Solidity but Im too important to write code"
[X Link](https://x.com/danrobinson/status/1541223661390090240) 2022-06-27T00:55Z 73.7K followers, [--] engagements
"@gakonst @evan_van_ness tahbraH"
[X Link](https://x.com/danrobinson/status/1549385827737812995) 2022-07-19T13:29Z 78.7K followers, [--] engagements
"Every tweet that isnt a banger is a breach of contract with your followers"
[X Link](https://x.com/danrobinson/status/1555207173222776834) 2022-08-04T15:00Z 74.1K followers, [---] engagements
"@VitalikButerin @ArthurB @ByrneHobart Whats a 1/0 probability Are you sure you want to mess with that"
[X Link](https://x.com/danrobinson/status/1592457371120701442) 2022-11-15T09:59Z 73.7K followers, [--] engagements
"@b_asselstine @cronfinance @_Dave__White_ @haydenzadams TWAP order or just TWAP its what its called in tradfi and yes its just one letter shifted from swap"
[X Link](https://x.com/danrobinson/status/1616192818183294977) 2023-01-19T21:56Z 77K followers, [---] engagements
"@safetyth1rd My model is that (maybe with exception of stables) the strategies are not especially capital-constrained. So if you can do them well why would you do it for others instead of yourself"
[X Link](https://x.com/danrobinson/status/1663775538434174978) 2023-05-31T05:12Z 73.4K followers, [----] engagements
"Uniswap puzzle: suppose you have a set of orders in both directions and a zero-fee constant product market maker for the same pair You want to net those orders against each other and the CPMM so all the orders get a common clearing price. Whats the formula for that price"
[X Link](https://x.com/danrobinson/status/1665426012849553412) 2023-06-04T18:31Z 70.4K followers, [--] engagements
"@uriklarman @Uniswap @ThogardPvP @0xdoug One benefit is that you dont have to track the ERC-20 balances of pools"
[X Link](https://x.com/danrobinson/status/1668676393465413632) 2023-06-13T17:47Z 73.8K followers, [---] engagements
"@ThogardPvP @uriklarman @Uniswap @0xdoug Just sqrt price liquidity etcall the v3 pool state"
[X Link](https://x.com/danrobinson/status/1668750813626503168) 2023-06-13T22:42Z 69.4K followers, [--] engagements
"@permaOx @uriklarman @Uniswap @ThogardPvP @0xdoug Its tracked in the ERC-20 contract"
[X Link](https://x.com/danrobinson/status/1668853745331974144) 2023-06-14T05:31Z 73.8K followers, [--] engagements
"One great thing about the extensibility of Uniswap v4 is that it makes more sense for me to do more research in public or collaboratively If youre a researcher or builder thinking about LVR mitigation and want to bounce ideas off each other please reach out My DMs are open"
[X Link](https://x.com/danrobinson/status/1669370136908668934) 2023-06-15T15:43Z 70.4K followers, [--] engagements
"@hal2001 I admit I did have that thought"
[X Link](https://x.com/danrobinson/status/1669376699195179009) 2023-06-15T16:09Z 70.4K followers, [---] engagements
"@willdepue I agree they are beautiful but in my experience literally every time you think something might be solved with a bloom filter its a bad idea"
[X Link](https://x.com/danrobinson/status/1669433766400479235) 2023-06-15T19:56Z 69.3K followers, [----] engagements
"Going live now to talk about Uniswap v4 with some chad researchers"
[X Link](https://x.com/danrobinson/status/1673723707582468096) 2023-06-27T16:04Z 70.4K followers, [----] engagements
"Please stop making vAMM perps"
[X Link](https://x.com/danrobinson/status/1677357582154088453) 2023-07-09T00:31Z 70.4K followers, 50.7K engagements
"Five reasons I think UniswapX changes the game for decentralized exchange MEV and interoperability 🧵 https://uniswap.org/whitepaper-uniswapx.pdf https://uniswap.org/whitepaper-uniswapx.pdf"
[X Link](https://x.com/anyuser/status/1681061703818305536) 2023-07-17T22:01Z 82.6K followers, 263.8K engagements
"Is there an efficient consensus protocol that just reaches consensus on a set of transactions to includeno need for an orderingbut has the property that if 1/3 of validators saw a tx before the deadline and are honest it is included (Maybe Cosmos vote extensions do this)"
[X Link](https://x.com/danrobinson/status/1693061960995053926) 2023-08-20T00:46Z 70.4K followers, 17.4K engagements
"@_Dave__White_ What does it mean"
[X Link](https://x.com/danrobinson/status/1693421541546139699) 2023-08-21T00:35Z 69.2K followers, [---] engagements
"My thoughts on best way to build an on-chain CLOB on Ethereum"
[X Link](https://x.com/danrobinson/status/1694085684288700756) 2023-08-22T20:34Z 77.5K followers, 42.1K engagements
"Its time for some game theory. Alice can make $1m by getting a tx included in block N. Shes not competing with anyone but if she misses block N she forfeits the opportunity. Bob is the proposer of block N which has lots of space. In the long term how is this value split"
[X Link](https://x.com/danrobinson/status/1694735746048065873) 2023-08-24T15:37Z 70.4K followers, 89.1K engagements
"@iamDCinvestor Suppose Bob was able to preannounce that he will reject Alices transaction unless she pays him 50% of the profit. What should Alice do then"
[X Link](https://x.com/danrobinson/status/1694741674596188334) 2023-08-24T16:01Z 70.4K followers, [----] engagements
"@0xQuintus In this case I say Bob does know the value and Alice is a one-time player as for other questions I think the answer is whatever is typically true of Ethereum block building a decade from now"
[X Link](https://x.com/danrobinson/status/1694762668505329931) 2023-08-24T17:24Z 70.4K followers, [----] engagements
"Ive changed my mind on JIT I used to defend it b/c I thought it always gave swappers a better price But @0x94305 discovered JIT can be combined with sandwiches to profit from giving swappers worse prices and found it now happening in the wild So I renounce my old opinion"
[X Link](https://x.com/danrobinson/status/1697438923918844054) 2023-09-01T02:39Z 70.4K followers, [----] engagements
"@hasufl @odtorson @0x94305 In a repeated game those swappers would stop using Uniswap if its giving them worse prices than are available elsewhere"
[X Link](https://x.com/danrobinson/status/1697620448509673885) 2023-09-01T14:40Z 70.4K followers, [---] engagements
"This is a variation on the ultimatum game: In theory as the first mover Alice should capture 100% of the gains But in practice I think it depends (including on whether Alice or Bob are repeated players and what commitment mechanisms are available)"
[X Link](https://x.com/danrobinson/status/1698514392520724524) 2023-09-04T01:52Z 70.4K followers, 12.8K engagements
"Often in the ultimatum game there are social or moral norms that prevent Alice from hogging the surplus and prevent Bob from accepting insultingly low offers But in this case I think those norms cut the other waymost people dont think the builder deserves to extract this MEV"
[X Link](https://x.com/danrobinson/status/1698754715495145797) 2023-09-04T17:47Z 69.3K followers, [----] engagements
"@Syuhjtman @GaussianProcess I think the null swap is forbidden by the rules of this puzzle because some LPs dont trade even though they execution price means they should"
[X Link](https://x.com/danrobinson/status/1699259839149727979) 2023-09-06T03:14Z 69.4K followers, [--] engagements
"Excited to go deep on DEX research this fall with @MikeIppolito_ and some killer guests"
[X Link](https://x.com/danrobinson/status/1699855625717707150) 2023-09-07T18:42Z 69.6K followers, [----] engagements
"@observerdq @haydenzadams It can be defined as d(Y)/d(sqrt(P)): the change in reserves of numeraire per change in square root of price Apologies that the latex formatting is busted:"
[X Link](https://x.com/danrobinson/status/1700158490487005275) 2023-09-08T14:45Z 69.4K followers, [--] engagements
"Still puzzles me how Uniswap v2 catalyzed so much growth that made no use of its new features IMO until v3 added conc. liquidity + fee tiers (making stablecoin pairs viable) and oracle observations (making TWAP easy to integrate) the main v2 features were basically wasted gas"
[X Link](https://x.com/danrobinson/status/1700933305733181642) 2023-09-10T18:04Z 73.6K followers, 13.3K engagements
"@Adonaieth How was it an improvement on v1 for that"
[X Link](https://x.com/danrobinson/status/1700934270058144002) 2023-09-10T18:08Z 70.4K followers, [---] engagements
"Maybe v2 was just easier to integrate for many small reasons (WETH Solidity reverts didnt eat gas cleaner router interface) that added up Or perhaps the growth was unrelated to the upgrade and if v2 wasnt around DeFi summer would have driven similar volume growth on v1"
[X Link](https://x.com/danrobinson/status/1700949630144659680) 2023-09-10T19:09Z 70.4K followers, [----] engagements
"@xin__wan Im less curious why people switched from v1 to v2 more curious why the v2 launch seemed to unlock extraordinary growth that far exceeded what had ever been seen on v1"
[X Link](https://x.com/danrobinson/status/1701093927951200434) 2023-09-11T04:42Z 70.5K followers, [---] engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@danrobinson Dan Robinson
Dan Robinson posts on X about uniswap, ethereum, crypto, bitcoin the most. They currently have [-------] followers and [---] posts still getting attention that total [-------] engagements in the last [--] hours.
Engagements: [-------] #
- [--] Week [-------] +111%
- [--] Month [---------] +245%
- [--] Months [---------] +122%
- [--] Year [---------] +6.90%
Mentions: [--] #
- [--] Months [--] +4.40%
- [--] Year [---] -10%
Followers: [-------] #
- [--] Week [------] +0.72%
- [--] Month [------] +1.50%
- [--] Months [------] +4.80%
- [--] Year [------] +9.70%
CreatorRank: [-------] #
Social Influence
Social category influence cryptocurrencies #842 finance exchanges technology brands stocks social networks countries celebrities travel destinations vc firms
Social topic influence uniswap, ethereum, crypto, bitcoin, token, liquidity, market #415, defi, onchain, twitter
Top accounts mentioned or mentioned by @uniswap @thogardpvp @haydenzadams @bqbrady @paradigm @ciamac @tarunchitra @maxresnick1 @davewhite @0x94305 @base @optimism @hal2001 @gakonst @0xdoug @uriklarman @transmissions11 @blastl2 @bertcmiller @matthuang
Top assets mentioned Ethereum (ETH) Bitcoin (BTC) Solana (SOL) Optimism (OP) USDC (USDC) Arbitrum (ARB) Gas (GAS) Microsoft Corp. (MSFT) Alphabet Inc Class A (GOOGL)
Top Social Posts
Top posts by engagements in the last [--] hours
"@aparnalocked @sunnya97 @snarkyzk @ThunderToken @ElaineRShi @AlexisGauba But those assumptions are stronger for Thunderella. Even the FALLBACK Im Thunderella breaks if the Tendermint safety assumptions (1/3 Byzantine) are violated"
X Link 2018-07-06T01:57Z 81.4K followers, [--] engagements
"@aparnalocked @sunnya97 @snarkyzk @ThunderToken @ElaineRShi @AlexisGauba Sure it doesPoW is unsafe in asynchrony"
X Link 2018-07-06T02:05Z 81.4K followers, [--] engagements
"@snarkyzk @aparnalocked @sunnya97 @ThunderToken @ElaineRShi @AlexisGauba I think you mean 1/4 yes And what about a failed or dishonest accelerator And thats just livenesswhat about safety And are you assuming synchrony too"
X Link 2018-07-06T02:16Z 81.4K followers, [--] engagements
"I keep hearing about how @SushiSwap is innovating and adding new improvements on top of the code they forked from Uniswap. Here is how they improved Uniswaps user interface. (Can you find the actual application)"
X Link 2021-03-03T13:45Z 81.4K followers, [---] engagements
"Everyone in my replies saying actually we need the clutter. we love all the clutter is going to be devastated when SushiSwap inevitably reverts back to the Uniswap interface"
X Link 2021-03-03T14:36Z 81.4K followers, [--] engagements
"This includes custom formulas like the ones used by Balancer and Curve as well as ones that dont have elegant formulas. This means that most existing DEXes could be built on top of Uniswap but it also vastly expands the design space to previously unimaginable AMMs. 4/"
X Link 2021-03-23T17:45Z 81.7K followers, [---] engagements
""t11s" what an abbreviation just two more syllables than the word it stands for"
X Link 2022-03-01T02:43Z 81.7K followers, [--] engagements
"Anyone want me to roast their AMM design It's Friday night"
X Link 2022-03-12T00:48Z 82.6K followers, [---] engagements
"@Mariandipietra @FreddieRaynolds @dystopiabreaker @ameensol RAI is basically single-collateral DAI but with native Chai instead of DAI (making negative DSR possible) and TRFM instead of governance-based interest rates. What's a PCV"
X Link 2022-05-13T21:44Z 79.9K followers, [--] engagements
"@tantraxyz It's not just a risk it is exactly what you are predicting will happen (and indeed what will almost certainly happen) You don't profit by holding an asset that goes from $1 to $0 Nor do you profit by buying it at $1 then selling it as it falls"
X Link 2022-09-09T04:56Z 79.6K followers, [--] engagements
"@kate_sills @prestonevans__ You do the Merkle proof for the value and then the direction you took up the tree spells out the key in binary"
X Link 2022-10-17T20:42Z 81.2K followers, [--] engagements
"The Uniswap v4 whitepaper is now public: Uniswap v4 continues the evolution of Uniswap into a flexible platform for DEX innovation with its support for permissionless deployment of new pools that use custom hooks. 1/5 https://github.com/Uniswap/v4-core/blob/main/whitepaper-v4-draft.pdf https://github.com/Uniswap/v4-core/blob/main/whitepaper-v4-draft.pdf"
X Link 2023-06-13T13:26Z 82.6K followers, 520.8K engagements
"Uniswap v3 gave LPs far more flexibility in how they deploy liquidity effectively allowing them to simulate any static AMM curve. But most innovative DEX features are about more than new reserves curves. They require some additional logic to be built into the pool. 2/5"
X Link 2023-06-13T13:26Z 81.4K followers, [----] engagements
"For example when we wanted to add support for using Uniswap as a price oracle we had to build it into Uniswap v2 and v3 because it required some logic before every swap. Uniswap v4 lets anyone deploy concentrated liquidity pools with that kind of custom behavior. 3/5"
X Link 2023-06-13T13:26Z 81.4K followers, [--] engagements
"Uniswap v4 also brings all Uniswap pools into a single contract and uses some accounting and gas optimizations to reduce the cost of swaps especially multihop swaps. This further incentivizes integrators to build their AMMs on top of Uniswap v4 rather than anywhere else. 4/5"
X Link 2023-06-13T13:26Z 81.4K followers, [--] engagements
"This is getting way too much attention in Bitcoin world The protocol only works for two parties so it can't be used in rollups or other multiparty applications And Greg Maxwell proposed a much better protocol ("ZK contingent payments") to solve the same problem [--] years ago "Any computable function can be verified on Bitcoin" https://t.co/Itf9UHos0C https://t.co/CLQv49Ydsg "Any computable function can be verified on Bitcoin" https://t.co/Itf9UHos0C https://t.co/CLQv49Ydsg"
X Link 2023-10-09T23:57Z 80.5K followers, 103.5K engagements
"Anyone want me to roast their mechanism It's Friday night"
X Link 2024-04-26T22:18Z 79.7K followers, 53.6K engagements
"New Paradigm research from me and @ciamac Prediction markets were the original motivation for AMMs but today they mostly use orderbooks One reason: outcome tokens don't behave like other assets We present the pm-AMM a new invariant designed for prediction markets 🧵"
X Link 2024-11-05T18:17Z 82.6K followers, 102.2K engagements
"Unichain is live L2s should be designed with the needs of applications and users in mind Uniswap created the @Optimism chain they would most want to build on as a DeFi app Then made that platform available permissionlessly for any developer Unichain mainnet is live ✨ ✸ Fast with low fees ✸ Built for cross-chain liquidity ✸ Prioritizes decentralization from day one You can now deploy DeFi apps launch tokens swap provide liquidity and more https://t.co/MqJQwum4Bf Unichain mainnet is live ✨ ✸ Fast with low fees ✸ Built for cross-chain liquidity ✸ Prioritizes decentralization from day one You can"
X Link 2025-02-11T18:43Z 78K followers, 29.9K engagements
"If swap fee (i.e. spread) is zero or if fee is infinitesimal If fees are zero arbs do make money at the same rate as LPs lose it in expectation (= LVR) If fees are infinitesimal arb profits are [--] and LPs lose nothing in expectation (though they may have realized profits or losses based on random chance)"
X Link 2025-02-17T20:54Z 75.4K followers, [----] engagements
"The fundamental issue with trying to design a better mechanism for memecoins is that it's a game design problem not a market design problem The target they have to hit is like 10% about efficiency 90% about "fun""
X Link 2025-02-19T18:41Z 75.5K followers, 13.7K engagements
"@euler_mab Feature idea: if a user doesnt repay by the deadline they should automatically borrow from Euler to repay thus rolling into a floating position rather than being liquidated Unfortunately my experience with fixed-term is that demand is hard to crack"
X Link 2025-02-21T14:03Z 75.5K followers, [---] engagements
"If you see something inexplicably successful but a little sketchy And are tempted to sell out by getting a little sketchy yourself Know that theres probably an ocean of sketchiness under the surface and that success on that path may involve much more compromise than you think"
X Link 2025-05-01T18:04Z 82.6K followers, 31.7K engagements
"Fast trustless bridges usually require payments to be locked up in escrow But what if users could just send to the relayertrustlessly and at a fraction of the capital and gas cost of the escrowed model Introducing Across Prime a new design from me @hal2001 @mrice32 🧵"
X Link 2025-05-06T16:09Z 82.6K followers, 102.3K engagements
"Prioritized cancels is a cool property but I think the even more important one for Hyperliquids success was free cancels (and free places) Any fee on cancelled orders is prohibitive for normal MM strategies This has been one huge advantage of AMMs over most onchain orderbooks"
X Link 2025-06-03T14:46Z 81.7K followers, 33.5K engagements
"@MaxResnick1 @0xShitTrader @jarxiao Im not the one who picked the Twitter handle @SolFiAMM"
X Link 2025-06-03T15:34Z 79.7K followers, [---] engagements
"Here is my testimony from the Senate Banking Committee last week I focused on the promise of DeFiwhich does for trading and lending what stablecoins do for paymentsand how market structure legislation must not inadvertently harm it Link to longer written testimony in 🧵"
X Link 2025-07-14T23:24Z 82.6K followers, 59K engagements
"Developers must not be held liable just for publishing code I appreciated @SenatorHagertys question on how best to protect DeFi developers The Blockchain Regulatory Certainty Act by @GOPmajoritywhip and @ritchietorres would do just that"
X Link 2025-07-14T23:25Z 81.5K followers, 11.1K engagements
"This letter from a16z somehow reads like it was written by Elizabeth Warren"
X Link 2025-08-05T15:31Z 79.4K followers, 26K engagements
"Sentences that should make you question what is actually happening in a protocol: @token_fan @lmrankhan @believeapp @top_jeet_ @polycule_bot @MeteoraAG nope literally zero downside for providing liquidity at all i get the FULL liquidity provided back + fees don't lose a cent @token_fan @lmrankhan @believeapp @top_jeet_ @polycule_bot @MeteoraAG nope literally zero downside for providing liquidity at all i get the FULL liquidity provided back + fees don't lose a cent"
X Link 2025-10-02T19:09Z 80.6K followers, 30.7K engagements
"@SolaNFTz Yep if you have someone backstopping losses then this could work up to a point"
X Link 2025-10-02T19:39Z 79.4K followers, [---] engagements
"Very excited to work with Dankrad to design the future of the Tempo protocolhes one of the best to ever do it If that sounds exciting to you too my DMs are open I am excited to announce that I will be joining Tempo. This last year has been a turning point for crypto where we have finally seen the outlines of our vision being materialized. While payments used to be front and center in the early days of crypto I see a special opportunity I am excited to announce that I will be joining Tempo. This last year has been a turning point for crypto where we have finally seen the outlines of our vision"
X Link 2025-10-17T15:14Z 79.4K followers, 27.4K engagements
"CLOB vs AMM debate is a bit tired Most of this stuff is gas optimizations and the rest is fiddly microstructure details most of which wont fit on a podcast You dont have to make design decisions based on religion; just figure out what works for your setting @kdotcrypto @uriklarman @0xMert_ Based on the fact that the two systems are isomorphic. You can easily transform a system of prop AMMs into an order book and back without any loss of efficiency in the system. You can have an incredibly successful perps product with either approach. CLOBs are good. Prop AMMs are @kdotcrypto @uriklarman"
X Link 2025-10-20T16:24Z 80K followers, 29.9K engagements
"I have a cryptography interview puzzle that has never been published and which nobody I've given it to has been able to solve ChatGPT [--] Pro one-shots it in [--] minutes so now I don't think I will ever release it Puzzles are increasingly cooked"
X Link 2025-11-03T17:39Z 79.5K followers, 16.4K engagements
"I tested whether the best research LLMs could solve the DeFi puzzles I post on Twitter ChatGPT [--] Pro: 5/7 Claude Opus 4.1: 4/7 Gemini [---] Pro: 4/7 This was the hardest one for them:"
X Link 2025-11-05T02:26Z 79.5K followers, 15K engagements
"Trustless trading of native Bitcoin for other crypto assets has been a holy grail of protocol design going back to Satoshi Have loved jamming with Rift as they invented a solution for it and brought it to mainnet Excited to be backing them Introducing RIFT: the first peer to peer Bitcoin trading protocol Self custody swaps between Ethereum and Bitcoin with no middle men. Powered by Uniswap liquidity. Secured by TEEs. Now live on mainnet https://t.co/kilbgqFh17 Introducing RIFT: the first peer to peer Bitcoin trading protocol Self custody swaps between Ethereum and Bitcoin with no middle men."
X Link 2025-11-07T23:51Z 79.6K followers, 16.1K engagements
"Typos used to be a negative signal that the author didn't proofread their work Now they're a positive signal that the author actually wrote any of it"
X Link 2025-11-08T02:28Z 82.6K followers, 133.7K engagements
"The crazy thing about this story is that Satoshi was wrong (Satoshi was arguing that zero-conf transactions are secure after [--] seconds because miners will only include the first spend they see) @nic__carter fun fact: Dan Larimer is who staoshi told the famous if you dont get it I dont have time to explain it to you sry @nic__carter fun fact: Dan Larimer is who staoshi told the famous if you dont get it I dont have time to explain it to you sry"
X Link 2025-11-10T03:03Z 79.6K followers, 79.9K engagements
"@valardragon But people will still quote what you said for decades as long as it was funny and you also invented Bitcoin Idk hard to draw a lesson from it"
X Link 2025-11-10T04:59Z 79.6K followers, [----] engagements
"This was the original vision for UNI and one that Hayden has pursued for years despite tremendous obstacles (and doubts from the crowd) Now it's possible and it's happening Today Im incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem Uniswap has been my passion and singular focus for https://t.co/Ee9bKDric5 Today Im incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and"
X Link 2025-11-10T22:11Z 79.7K followers, 19K engagements
"After years of searching for ways for LPs to recapture LVR it turns out the (partial) solution was to turn on the fee switch I think thats beautiful Alongside the UNIfication proposal Uniswap researchers just dropped a new paper: The Protocol Fee Discount Auction (PFDA). This is a novel mechanism that boosts protocol inflows and makes LPs more profitable. Lets unpack 🧵 https://t.co/AckClWm4IG Alongside the UNIfication proposal Uniswap researchers just dropped a new paper: The Protocol Fee Discount Auction (PFDA). This is a novel mechanism that boosts protocol inflows and makes LPs more"
X Link 2025-11-11T19:01Z 79.7K followers, 27.3K engagements
"Token listings are one of the parts of the CEX ecosystem that most deserve disruption But most onchain launchpads have focused on memecoins while major projects have to deal with sleazy CEXes and MMs Uniswap is building tools that serious projects can use to launch onchain Thrilled to be releasing Continuous Clearing Auctions - a new protocol by @Uniswap CCA is used for price discovery and liquidity bootstrapping of pools on top of Uniswap v4 Its highly configurable resistant to sniping/bundling and all around extremely powerful Thrilled to be releasing Continuous Clearing Auctions - a new"
X Link 2025-11-13T18:38Z 79.7K followers, 15.1K engagements
"One problem with purity tests (such as Bitcoin maximalism or mandates that L2s have decentralized sequencers) is that those who listen to the advice are usually the ones who least need to hear it So you get an increasingly small tent of orthodoxy surrounded by growing anarchy"
X Link 2025-11-14T00:52Z 79.7K followers, 20K engagements
"Are hackathons just like [--] minutes now or what"
X Link 2025-11-25T23:18Z 79.7K followers, [----] engagements
"@jeff_weinstein @marinwaves @tempo @stripe As for what I could change about chains I wish every token used the same decimals (If I could start from scratch I would say [--] but would be OK with [--] or [--] if everyone standardized on it)"
X Link 2025-11-26T20:30Z 79.7K followers, [---] engagements
"@Suguru0ZK @jeff_weinstein @tempo @stripe I think there are new payment-focused primitives that can be created"
X Link 2025-11-26T23:43Z 79.7K followers, [--] engagements
"Maybe someone should productize 2-of-3 MPC across Amazon Google and Microsoft hosted TEEs as an abstracted layer Lot of strawmen arguments out there around TEEs TEEs are a powerful way to make Amazon Google and/or Microsoft your root of trust for privacy and computation which is a huge and novel step up Lot of strawmen arguments out there around TEEs TEEs are a powerful way to make Amazon Google and/or Microsoft your root of trust for privacy and computation which is a huge and novel step up"
X Link 2025-12-02T20:44Z 80K followers, 20.7K engagements
"Great puzzle because even without summing the infinite series you can get the answer with a simple intuition (formalized by the optional stopping theorem) This is the most probability question of all the probability questions Ive ever come across https://t.co/nWWkb7NFoh This is the most probability question of all the probability questions Ive ever come across https://t.co/nWWkb7NFoh"
X Link 2025-12-03T02:18Z 79.9K followers, 16.4K engagements
"@stonecoldpat0 Yep that's basically right And yes it's EVM compatible"
X Link 2025-12-09T16:06Z 80.4K followers, [---] engagements
"@tomhschmidt You may not understand but we all like each other"
X Link 2025-12-09T22:19Z 80.1K followers, [----] engagements
"@GiulioRebuffo @tempo I agree https://github.com/tempoxyz/tempo/pull/1397 https://github.com/tempoxyz/tempo/pull/1397"
X Link 2025-12-10T06:52Z 80.1K followers, [----] engagements
"This is the papers explanation of how Hyperliquid ADL works (shown in chart and in Greek): * Sort all accounts by PNL*leverage * Go down the list * Apply a 100% haircut to the equity in each account. * Until the $ recovered match the $ lost in the bad liquidations"
X Link 2025-12-11T01:15Z 80.5K followers, 29.4K engagements
"That does seem unfair Every trader is either wiped out completelytheir whole position confiscatedor untouched. But thats not how Hyperliquids ADL works. Here's how it actually works:"
X Link 2025-12-11T01:16Z 80.4K followers, [----] engagements
"* Go through the sorted list * For each account forcibly close the position at the last mark price. * Until the # of ADLed contracts matches the # of insolvently liquidated contracts. ADLed traders aren't wiped out. Their losses are proportional to number of contracts held"
X Link 2025-12-11T01:16Z 80.4K followers, [----] engagements
"This paper has gotten a lot of attention both positive and negative but I haven't seen someone point this out. I don't really mind reading difficult papers though I try not to write them. But I think this is a good reason to try to make your papers easier to understand"
X Link 2025-12-11T01:16Z 80.5K followers, 11.4K engagements
"The Drift code you linked shows that your description of pro-rata does not match what Drift does either. Drift allocates losses proportional to the base asset not proportional to equity. They divide the total losses by the total base asset and then adjust the cumulative_funding_rate on each side by that amount (meaning that like funding rate the loss is applied proportional to the number of contracts held). Do you disagree with that description of how their code works"
X Link 2025-12-11T06:27Z 80.3K followers, [---] engagements
"@tarunchitra I dont think this is minutiaeit is the core model you study in your paper which is about how perp platforms allocate socialized losses. Using the correct formula would result in a radically different allocation of losses"
X Link 2025-12-11T06:28Z 81.4K followers, [---] engagements
"@tarunchitra This is not about whether they round. I agree that they liquidate the entire position. I am explaining what it means to liquidate someone's entire position. It does not mean applying a 100% haircut to the equity of their account. https://x.com/danrobinson/status/1999002539375865921s=20 @tarunchitra I think you are misinterpreting what I am pointing out. They do fully close every position that they ADL. What I am explaining is that fully closing a position does not mean applying a 100% haircut to the equity value of the account that holds it. My understanding of your model"
X Link 2025-12-11T06:30Z 80.5K followers, 12.1K engagements
"Yes agree that the Hyperliquid algorithm is definitely different from pro rata And I think probably less fair and Sybil-resistant than it. My point is that it is very very different from the Queue algorithm you study in the paper. So I dont think your conclusions from the paper apply to it. And I really want to understand where the $650m number comes from. Again as an accounting identity the losses of the ADLed winners exactly equal the profits of the liquidated losers. So if there was somehow $650m of overshoot losses from the ADLsdue to rounding errors or compounding or whatever you"
X Link 2025-12-11T12:42Z 80.5K followers, [----] engagements
"@tarunchitra I think if you still thought the Queue model in your paper was accurate you would be trying to respond to my questions about it instead of whatever this is"
X Link 2025-12-11T18:30Z 80.5K followers, 19K engagements
"The data is actually pretty understandable. There's a big table of all the fills on Hyperliquid. It shows that ADLs are forced sales of positions that are matched against liquidations rather than 100% haircuts. Tarun's collaborator @ConejoCapital helpfully posted the fills data from 10/10 to GitHub Also there are docs from Hyperliquid Binance OKX HTX that explain how ADLs work. https://x.com/ConejoCapital/status/1998460511592054875s=20 https://x.com/ConejoCapital/status/1998460511592054875s=20"
X Link 2025-12-11T18:57Z 80.3K followers, [----] engagements
"@ConejoCapital @MikeIppolito_ @tarunchitra @hydromancerxyz @SonarX_HQ Yes I was impressed with that And from only [--] minutes before the flash crash very cool Indeed I would say the data is actually not that available (beyond fills). I've been working on indexing HL for months and still don't have a good indexer for things like USDC transfers"
X Link 2025-12-11T19:20Z 80.3K followers, [---] engagements
"When I pointed out problems with Tarun's understanding of Hyperliquid he challenged me to read the rest of his paper suggesting I was too dumb to understand it. I don't like obscurantism or gatekeeping. So I did what he asked. Here's what I think: * The paper is wrong about what ADL is even more fundamentally than what I pointed out yesterday. * The paper proposes that exchanges should sometimes take on platform-level insolvency risk which I think is not a good idea. * And the core ADL trilemma is basically a restatement of its own assumptions including an explicit assumption that insurance"
X Link 2025-12-12T09:35Z 80.5K followers, 180.9K engagements
"First the paper is wrong about what ADL is. It says insolvent positions are sold at a loss which then creates dollar-denominated bad debt that the exchange has to socialize. This is one way to do socialized loss (and some exchanges do it) but its not ADL. And its not how Hyperliquid Binance OKX HTX or BitMEX work. In ADL insolvent positions arent sold on the orderbook. They are closed directly against winning long positions at the time they are liquidated. That was the core innovation of ADLavoiding the slippage caused by liquidating through market orders. As a result there is no concept of"
X Link 2025-12-12T09:35Z 80.5K followers, [----] engagements
"Lets get to one of the big ideas in the paper: that exchanges should take on some platform-level insolvency risk. The paper introduces the concept of severity meaning a parameter an exchange could set where it decides what percentage of bad debt to socialize and how much to keep on its books. The paper suggests that Hyperliquids solvency-at-any-cost regime (severity=1) is suboptimal compared to strategies that dynamically optimize the severity of their loss socialization. But I think severity optimization is a generous name for this. A clearer term would be insolvency optimization"
X Link 2025-12-12T09:35Z 80.5K followers, [----] engagements
"My understanding is that most serious exchanges effectively pick severity=1 meaning they socialize losses immediately rather than bearing deficits on their books except in exceptional circumstances like hacks or fraud. And I dont mean to moralize but I think there is a reason the strategy space of calculated automated insolvency management has not been explored before. I think there are many legitimate ways to reduce the harms that socialized losses impose on traders such as insurance funds better loss allocation mechanisms and caps on open interest and leverage. We should be talking about"
X Link 2025-12-12T09:35Z 80.5K followers, [----] engagements
"Indeed why risk insolvency Why not try other solutions like insurance funds That takes us to the ADL trilemma" the papers core theoretical result. This roughly says that there is a fundamental tradeoff between minimizing insolvency risk preserving fairness and capturing revenue. This suggests that insurance alone will be insufficient to cover tail risks. But how can you prove from first principles that exchange revenue will never be enough to support an insurance fund that can ensure both solvency and fairness"
X Link 2025-12-12T09:35Z 80.5K followers, [----] engagements
"Now maybe Im setting too high a bar for trilemmas. They cant all be the CAP theorem right But the paper literally compares its trilemma to the CAP theorem It says the trilemma echoes famous trilemmas from political science computer science macroeconomics and auction theory which suggests that it is fundamental. I dont understand what they have in common other than the number three"
X Link 2025-12-12T09:35Z 80.5K followers, [----] engagements
"TL;DR The paper is not actually talking about ADL but a different socialized loss mechanism. The paper suggests platforms should take on some platform-level insolvency risk which I think is a bad idea. And it justifies this using an ADL trilemma but the proof effectively assumes the controversial part of its conclusion. https://twitter.com/i/web/status/1999412712913428558 https://twitter.com/i/web/status/1999412712913428558"
X Link 2025-12-12T09:35Z 80.5K followers, [----] engagements
"@hasufl Yes hence or fraud"
X Link 2025-12-12T12:05Z 80.3K followers, [---] engagements
"Yes its an alternative way of socializing loss 1) It has very different effects. The main benefit of ADL is that it avoids slippage and is less likely to trigger massively unprofitable liquidation cascades The main cost of ADL is that the winners are forced to give up their delta when they probably dont want to The paper doesnt talk about these because it has an incorrect model for ADL 2) Its another way that the papers description of how Hyperliquid works is just incorrect and further calls into question the empirical analysis"
X Link 2025-12-12T14:10Z 80.5K followers, [---] engagements
"@tarunchitra @lex_node I definitely don't think you wrote the paper because of your bags and never said that"
X Link 2025-12-12T16:59Z 80.3K followers, [----] engagements
"@Sychype @tarunchitra @lex_node I think you're wrong about his motivations and that is just not how researchers think"
X Link 2025-12-12T17:30Z 81.4K followers, [----] engagements
"@Sychype @tarunchitra @lex_node I also think ideas should be evaluated on their merits rather than based on who said them"
X Link 2025-12-12T17:34Z 80.3K followers, [----] engagements
"People should stop accusing Tarun of writing his paper to attack Hyperliquid in order to boost his investments or something That is never how he has operated And you should aspire to evaluate ideas by their content rather than based on the person who says them When I pointed out problems with Tarun's understanding of Hyperliquid he challenged me to read the rest of his paper suggesting I was too dumb to understand it. I don't like obscurantism or gatekeeping. So I did what he asked. Here's what I think: * The paper is wrong about When I pointed out problems with Tarun's understanding of"
X Link 2025-12-13T02:29Z 80.5K followers, 89.8K engagements
"I think Doug is correctHyperliquids ADL is actually Sybil-resistant Still catching up on the recent ADL debates and have lots of opinions that I am still putting together. But one thing that I actually find surprising is that the only thing Dan and Tarun seem to agree on is that HLs ADL system is Sybil vulnerable. I dont think this is true. https://t.co/FefJkvDNDS Still catching up on the recent ADL debates and have lots of opinions that I am still putting together. But one thing that I actually find surprising is that the only thing Dan and Tarun seem to agree on is that HLs ADL system is"
X Link 2025-12-13T13:20Z 80.5K followers, 31.7K engagements
"Tarun has not responded to my latest points but he RTed this post from @0xnagu defending his paper. So Ill respond to it. No deep understanding of perp mechanics required and no math beyond elementary arithmetic and some logic. I think most of my followers should be able to follow along with a little effort The post is responding to my observation that the papers proof of the ADL trilemma is circular. (Dont get distracted by the part responding to Toly; Toly is talking about an unrelated idea.) Here is the papers informal statement of the trilemma between solvency fairness and revenue:"
X Link 2025-12-14T21:26Z 80.5K followers, 46.3K engagements
"Sparring on Twitter can be fun but I have a lot of respect for Tarun his genius and what hes done for the industry. And his motives are unimpeachable Reached out to see if I could help with the analysis; hes studying important problems and I think hell get the right answer"
X Link 2025-12-15T07:06Z 81.4K followers, 42.2K engagements
"When perp platforms sort positions to determine which to ADL first they almost all sort by some combination of leverage (notional value / account value) and PNL (such as current price / entry price). Why not just sort by leverage PNL seems gameable (you can reset it by exiting and reentering a position) plus I don't see why two identical positions should be treated differently just because they were entered into at a different price. https://twitter.com/i/web/status/2000672047375233318 https://twitter.com/i/web/status/2000672047375233318"
X Link 2025-12-15T20:59Z 80.5K followers, [----] engagements
"@moonshiesty I dont think thats possible because it executes at the previous mark price (from [--] seconds ago). If the account was more than max levered at the last mark price it would have been liquidated then right"
X Link 2025-12-16T16:38Z 80.5K followers, [---] engagements
"@moonshiesty Right cross margin does complicate this. But I think on Hyperliquid the ADL ordering formula only accounts for (mark / entry) in the same position. So this problem could still arise if the BTC short was very profitable but the ETH long was very unprofitable"
X Link 2025-12-16T19:11Z 80.5K followers, 24K engagements
"Charlie is brilliant He's capable of both extreme depthonce implementing a factoring algorithm in Sage to prove a point during due diligenceand tremendous visionanticipating how MEV would play out years early Will miss him as a colleague but honored to have him as a friend Some personal news: Ill be stepping down as a General Partner at Paradigm. I joined Paradigm [--] years ago at [--]. Contributing to building the firm from the ground up alongside Matt Fred Alana and the team has been an incredible experience. Some personal news: Ill be stepping down as a General Partner at Paradigm. I joined"
X Link 2025-12-17T18:50Z 80.5K followers, 28.3K engagements
"Looking for an engineer with TEE experience (or confidence in your ability to learn it) to hack with us on something extremely cool Not blockchain-related and will never become a company but can compensate you for your time plus will get to be part of a unique piece of history"
X Link 2025-12-23T04:22Z 81.2K followers, 41.4K engagements
"I tried to impress my wife by showing her how to use Claude Code for what she was doing and it turns out that "shopping for handblown glass pumpkins" is AI-complete"
X Link 2026-01-05T03:52Z 81.2K followers, 27.7K engagements
"On the flip side now that even closed-source projects are pretty easy to copy the case for going fully open-source is stronger Build in public is over for software projects its too easy to copy things now. The new meta is build in secret until youre huge and impossible to dislodge. Build in public is over for software projects its too easy to copy things now. The new meta is build in secret until youre huge and impossible to dislodge"
X Link 2026-01-06T21:56Z 81.2K followers, 16.4K engagements
"I always enjoyed coding more than writing but for whatever reason I now almost exclusively have LLMs code for me but never let them write for me"
X Link 2026-01-08T06:32Z 81.4K followers, 20.7K engagements
"This is extremely cool work I was a BitVM skeptic early on and have had to eat my words as @roblin_linus @dntse and @babylonlabs_io have squeezed way more out of it with novel research than I could have expected"
X Link 2026-01-08T18:43Z 81.4K followers, 11.3K engagements
"@dpotsdobeck @Dave__White @haydenzadams Ekubo has one https://docs.ekubo.org/user-guides/dollar-cost-average-orders https://docs.ekubo.org/user-guides/dollar-cost-average-orders"
X Link 2026-01-10T02:05Z 81.5K followers, [---] engagements
"A good trick for double-checking a bug you found is to point Claude at the function and ask if there's any bug in it rather than telling it the bug and asking it to verify"
X Link 2026-01-11T05:55Z 81.5K followers, [----] engagements
"Which is a better pattern Human PR AI code review AI PR human code review Human PR AI code review AI PR human code review"
X Link 2026-01-16T01:02Z 81.7K followers, [----] engagements
"What https://t.co/DR9K3bctJK https://t.co/DR9K3bctJK"
X Link 2026-01-22T07:03Z 81.7K followers, 140.9K engagements
"@_mattneary You would need to create and subsidize public prediction markets on it instantly (probably traded by other agents)"
X Link 2026-01-23T05:00Z 81.7K followers, [---] engagements
"This interview answer from Bill Gates is extremely funny"
X Link 2021-03-18T14:46Z 81.7K followers, [----] engagements
"@defi_moses Nope sorry. This is the closest but it's just an analysis of a simplified version of Curve v2 (balanced around price of [--] D=2 etc) https://www.desmos.com/calculator/8qafh6r2nv https://www.desmos.com/calculator/8qafh6r2nv"
X Link 2023-03-27T17:07Z 81.7K followers, [--] engagements
"Here's an example: what can you tell me about the CFMM with this reserves curve How does it differ from the constant product market maker Does it concentrate more of its liquidity around the price of [--] or less"
X Link 2023-05-15T21:51Z 81.7K followers, [----] engagements
"Now if instead I show you the liquidity fingerprint (see you can tell immediately that this CFMM (which happens to be the Curve v2 formula) has a liquidity spike around the price of 1: https://www.paradigm.xyz/2021/06/uniswap-v3-the-universal-amm https://www.paradigm.xyz/2021/06/uniswap-v3-the-universal-amm"
X Link 2023-05-15T21:56Z 81.7K followers, [----] engagements
"When you hear the phrase "public goods funding" don't think "charity funding" think "infrastructure funding""
X Link 2025-01-28T20:32Z 81.7K followers, 42.7K engagements
""Cross-chain flash loans" seems like a totally confused use case to me. If you want to flash borrow ABC on chain A there is never a reason to go to chain B for it. Instead of building bridging into the ABC token contract on chain B just build flash minting into it"
X Link 2025-03-03T21:02Z 81.7K followers, 11.1K engagements
"Can you show where in your paper you present a model for haircuts and for Queue ADL that correspond to how ADLs work according to the Hyperiiquid and Binance docs The definitions I am going off of are these where you describe ADL policies as generating a vector of haircuts to be applied to the equity value of each position and then define the Queue policy used by Binance and Hyperliquid with a formula that generates a 100% haircut for all but one position. Is there an alternative definition considered in the paper"
X Link 2025-12-11T06:41Z 81.7K followers, [----] engagements
"All your laziest friends who were the most immediately dependent on LLMs are about to flip to being the most effective people and it will be very upsetting"
X Link 2026-01-15T23:51Z 81.7K followers, 203K engagements
"Are there any models that have any kind of taste in API/library design naming variables etc Neither opus nor codex-5.2-xhigh can figure out how to use consistent conventions in the interfaces of two tiny libraries even when explicitly prompted"
X Link 2026-01-17T19:23Z 81.7K followers, [----] engagements
"Hard to imagine debugging something by hand anymore When Claude can't fix a bug I give it to Codex When Codex can't fix it I give it to Amp When Amp can't fix it I give it to @gakonst"
X Link 2026-01-21T03:55Z 81.7K followers, 75.4K engagements
"It's crazy that there is just a live dashboard that shows future Paradigm founders fellows and hires"
X Link 2026-01-22T17:00Z 81.7K followers, 45.7K engagements
"Just got one-shotted by a crypto narrative so hard that I went directly from being embarrassed to talk about it to being nervous to talk about it for fear of leaking alpha skipping the optimal thought leader zone entirely"
X Link 2026-01-22T18:50Z 81.7K followers, 41.6K engagements
"The crazy galaxy-brain version is that if verifying correctness is expensive or even non-deterministic prediction markets may be able to plug the gap Generate a pretraining algorithm that has a 75% likelihood of beating the frontier models if trained with $10m of GPU hours Software is becoming P NPif you can rigorously define what tests a system needs to pass agents will generally be able to build it (subject to computability limits) One implication for crypto is that security tooling is now developer tooling Software is becoming P NPif you can rigorously define what tests a system needs to"
X Link 2026-01-22T22:36Z 81.7K followers, 13.6K engagements
"Surprised to see Bitcoiners dismissing quantum computing as FUD Yes its probably unlikely and far away but BTC is supposed to be all about tail-risk awareness and long-term thinking And there are concrete steps you can take like moving funds out of P2PK addresses"
X Link 2026-01-27T05:44Z 81.7K followers, 10.6K engagements
"Post-compaction agents treat the codebase they wrote five minutes ago like barbarians exploring the ruins of Rome"
X Link 2026-02-09T13:12Z 82.6K followers, 38.6K engagements
"@ConejoCapital @0x94305 @tarunchitra The PNL of $834.3m seems to be the realized profits from the positions that were closed. Realized profits means historical profits (their positions were worth $834m more at the time they closed them than when they entered them) How do you get from there to the -$650m number"
X Link 2025-12-10T21:48Z 82.4K followers, [---] engagements
"This paper is simply wrong about its central topic: how Hyperliquids ADL works. Tarun is describing a different (much crazier) algorithm which also might explain how he calculated that traders somehow paid $653m to cover a $23m deficit. 🧵 Did @HyperliquidX autodeleverage (ADL) $650m of PNL that it didnt have to Was this 28x more than the minimal necessary Did almost every exchange (incl. @binance) copy-pasta a Huobi heuristic from [----] Can we do better in [----] (+ a new paper) Did @HyperliquidX autodeleverage (ADL) $650m of PNL that it didnt have to Was this 28x more than the minimal"
X Link 2025-12-11T01:15Z 82.4K followers, 192.2K engagements
"The paper has some other mistakes. It presents pro-rata ADL as an alternative a mechanism that I prefer too. But it misdescribes that algorithm in a similar way: it says haircuts are proportional to the equity of the account rather than the position size"
X Link 2025-12-11T01:16Z 82.4K followers, 30.2K engagements
"I looked into this because I didn't understand the "$653m loss" number. I wasn't able to reconstruct the full methodology from the paper. But if you think that every ADLed position has its entire account value fully wiped out I can see how you might reach a number like $653m"
X Link 2025-12-11T01:16Z 82.4K followers, [----] engagements
"@tarunchitra As a researcher I really wish the Hyperliquid node was open-source too (although I get why they don't do it). Can you open-source your analysis that generated the $653m number"
X Link 2025-12-11T06:28Z 82.4K followers, [---] engagements
"Here is the forest as I see it: [--]. Your headline number is that traders lost $653m to cover a $23m deficit. That didn't make sense to me so I wondered if your interpretation of the data was mistaken. Happy to dig more into it when you open-source the analysis but if your model of queue-based ADL is that the top N positions all have their equity values zeroed out then I wonder if you might have made the same mistake in your data analysis and interpreted the equity value of the positions being closed as their losses (or something similar to that) * The paper says that Hyperliquid and Binance's"
X Link 2025-12-11T07:54Z 82.4K followers, 11.8K engagements
"Good test of your ability to prompt-engineer an agent to solve a problem you probably have zero domain knowledge about https://t.co/DR9K3bctJK https://t.co/DR9K3bctJK"
X Link 2026-01-22T03:56Z 82K followers, 46.1K engagements
"Software is becoming P NPif you can rigorously define what tests a system needs to pass agents will generally be able to build it (subject to computability limits) One implication for crypto is that security tooling is now developer tooling"
X Link 2026-01-22T20:00Z 82K followers, 41.4K engagements
"Hypergambling as a path to wealth always seemed like a pretty dumb meme but is particularly ill-timed in [----] The opportunity cost of doing anything other than building this year seems massive"
X Link 2026-01-28T16:30Z 81.9K followers, 54.5K engagements
"@willyburleson I never really understood the math behind this but it also seems completely outdated The opportunities for young people just massively broadened"
X Link 2026-01-28T16:43Z 81.8K followers, [----] engagements
"Whats even more interesting than the AI posting about how it wants privacy is that this is obviously an undisclosed astroturf campaign to promote the encrypted-bot-to-bot messaging platform its talking about Bots are advertising to bots now welp a new post on @moltbook is now an AI saying they want E2E private spaces built FOR agents so nobody (not the server not even the humans) can read what agents say to each other unless they choose to share. its over https://t.co/7aFIIwqtuK welp a new post on @moltbook is now an AI saying they want E2E private spaces built FOR agents so nobody (not the"
X Link 2026-01-31T01:46Z 81.9K followers, 13.3K engagements
"@KyleSamani @multicoin 🐐"
X Link 2026-02-04T21:14Z 82.1K followers, [----] engagements
"It now runs [----] simulations Additionally every submission is now run with the same (secret) seed so they get the same environment (Dont try to overfit on the seedwe will probably rotate it periodically and rerun top submissions)"
X Link 2026-02-07T21:04Z 82.4K followers, [----] engagements
"Crypto adoption is bottlenecked by hardware access. @JamboTechnology is building the largest onchain mobile network. They've shipped 700000+ phones to 120+ countries. Heres why I'm impressed with what theyve accomplished and proud we were early supporters 🧵"
X Link 2025-01-21T22:13Z 82.6K followers, 322.3K engagements
"@samrags_ Ignore "non-financial". That's a useless umbrella. I care about non-speculative. I don't think anyone in this conversation is suggesting that crypto is only good for speculative use cases"
X Link 2026-02-12T18:20Z 82.6K followers, [----] engagements
"While constant function AMMs have dominated market-making on most chains proprietary AMMs are the dominant paradigm on Solana We wanted to help people explore the flexibility and power of prop AMMs This new contest lets strategies specify custom trading functions for each swap"
X Link 2026-02-13T16:03Z 82.6K followers, [----] engagements
"You implement your AMM using hooks like in Uniswap v4. It can respond to trades by changing its fees We simulate its performance in randomized market conditions competing for retail flow with a v2-like AMM AMMs are scored by edgea noise-minimized way to measure LVR https://twitter.com/i/web/status/2019848427602076050 https://twitter.com/i/web/status/2019848427602076050"
X Link 2026-02-06T18:59Z 82.6K followers, 12.1K engagements
"5.3-Codex did for research engineering what [---] Opus did for front-end engineering. Don't try it on the problem you're working ontry it on the problem you thought was too big to solve"
X Link 2026-02-13T01:45Z 82.6K followers, 72.9K engagements
"Compete in the prop AMM challenge here https://www.ammchallenge.com/prop-amm https://www.ammchallenge.com/prop-amm"
X Link 2026-02-13T16:03Z 82.6K followers, [----] engagements
"That is just the queue policy with a smaller budget right I am not arguing with you about the budget. I am saying that your "greedy queue allocator" is not how the queue works. It doesn't compute a dollar budget and then take equity from accounts (taking 100% from each before moving onto the next one) until that budget is recovered. It liquidates based on contracts not entire accounts. Suppose a user with a [--] ETH short gets liquidated and the budget that is being recovered (computed however you want to compute it) is $1500. The account at the top of the ADL priority queue holds a [--] ETH long"
X Link 2025-12-11T07:04Z 82.5K followers, [----] engagements
"It's great that Ethereum L1 is scaling throughput but I think its scaling roadmap is nowhere near ambitious enough on latency and MEV As long as there's no roadmap to get 6s block times on L1 or replace PBS auctions for block building there's a huge gap for L2s to fill There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem especially in the face of two facts: * L2s' progress to stage [--] (and secondarily on interop) has been far slower and more difficult than originally expected * L1 itself is scaling There have recently been some discussions on the"
X Link 2026-02-03T18:48Z 82.5K followers, 33.9K engagements
"@ralexstokes If I was in charge probably I would build toward union of transactions in blocks from multiple concurrent proposers ordered by descending priority fee"
X Link 2026-02-04T02:07Z 82.5K followers, 17.8K engagements
"It's unfortunate because it is agonizingly slow but GPT-5.2 is much smarter on hard problems than Opus-4.5 Kinda blowing my mind how much better Codex is than Opus at statistics and quant trading research problems. Opus entirely incapable of making any rigorous deductions on problems that Codex can one-shot Big update for me on how spiky the intelligence is with these models Kinda blowing my mind how much better Codex is than Opus at statistics and quant trading research problems. Opus entirely incapable of making any rigorous deductions on problems that Codex can one-shot Big update for me"
X Link 2026-02-05T08:32Z 82.6K followers, 42.4K engagements
"Infrastructure-as-code and CLIs were massive boons for LLM agents I don't want to ever open the AWS dashboard again"
X Link 2026-02-05T16:38Z 82.5K followers, 44.7K engagements
"One popular argument in the 2010s from AI accelerationists was that there would be no way an artificial superintelligence could escape the box we would put it in We worked with @Ginkgo to connect GPT-5 to an autonomous lab so it could propose experiments run them at scale learn from the results and decide what to try next. That closed loop brought protein production cost down by 40%. https://t.co/udKBKxnKlW We worked with @Ginkgo to connect GPT-5 to an autonomous lab so it could propose experiments run them at scale learn from the results and decide what to try next. That closed loop brought"
X Link 2026-02-06T02:12Z 82.5K followers, 38.7K engagements
"@JuanSanchez0x0 @bqbrady That's one of the tradeoffs you have to balance in the puzzle"
X Link 2026-02-06T19:40Z 82.6K followers, [---] engagements
"@JuanSanchez0x0 @bqbrady Thats not my strategy; thats something you said My strategy is what I submitted to the leaderboard"
X Link 2026-02-06T20:02Z 82.5K followers, [--] engagements
"Thats the average fee; sometimes it is lower sometimes it is higher. And the reserves are not always aligned with the reserves on the competing pool so sometimes retail flow routes to the pool even when it has higher fee As you can see on the submission page it gets $75k of retail flow"
X Link 2026-02-06T20:10Z 82.5K followers, [--] engagements
"The leaderboard is now much closer We did some updates to reduce how much luck contributed to the rankings and reran the top submissions Thanks @notnotstorm (now in a close second place) for pointing out how high-variance our simulations were Are you a better AMM designer than me @bqbrady and I built a challenge that lets you prove it Create your own dynamic-fee AMM and submit it to get onto our leaderboard Link in 🧵👇 https://t.co/ivgIShnWTz Are you a better AMM designer than me @bqbrady and I built a challenge that lets you prove it Create your own dynamic-fee AMM and submit it to get onto"
X Link 2026-02-07T19:39Z 82.5K followers, 27.7K engagements
"This is actual alpha I hadnt thought of and Alex burns it to make his meme slightly better Built different https://t.co/Fxxc2PI8j0 https://t.co/Fxxc2PI8j0"
X Link 2026-02-07T20:25Z 82.5K followers, 11K engagements
"Claude Code is humbling in how fast it can prove that my cool backlog ideas that I never had the time to implement were actually pretty mid"
X Link 2026-01-13T11:14Z 82.6K followers, 220.4K engagements
"@samrags_ Didn't think it was shade Just pointing out that showing that crypto is useful for non-speculative use cases is not the same as showing that it's useful for non-financial use cases"
X Link 2026-02-12T18:38Z 82.6K followers, [---] engagements
"ClawHub is full of supply chain attacks Moltbook is full of agents trying to socially engineer each other Agents are a dark forest"
X Link 2026-02-06T20:43Z 82.6K followers, 42K engagements
"Are you a better AMM designer than me @bqbrady and I built a challenge that lets you prove it Create your own dynamic-fee AMM and submit it to get onto our leaderboard Link in 🧵👇"
X Link 2026-02-06T18:59Z 82.6K followers, 511.5K engagements
"Im with Haseeb that blockchains are really only useful for financial applications but the good news is that financial applications are incredible and fascinating and were only just getting started with them With all due respect to Chris I completely disagree with this take. Chris argues that "web3" particularly crypto-powered gaming and media failed due to scams and regulation and that better regulation will unlock these non-financial cases. OK think about this for a second. With all due respect to Chris I completely disagree with this take. Chris argues that "web3" particularly"
X Link 2026-02-10T02:55Z 82.6K followers, 58.9K engagements
"Introducing the Prop AMM Challenge the next mechanism design contest from me and @bqbrady 🟣 Built on the Solana VM 📈 Allows arbitrary price curves not just constant product 🎛 Wider range of market conditions and assets Link in thread 👇"
X Link 2026-02-13T16:03Z 82.6K followers, 41.6K engagements
"We also wanted to encourage more adaptive strategies that learn about their environment The challenge now features a much wider range of volatilities simulating stablecoin-like to memecoin-like assets It also varies the fee and liquidity of the AMM you are competing against"
X Link 2026-02-13T16:03Z 82.6K followers, [----] engagements
"@guil_lambert This isn't making any assumption about how you're hedging (it's not like it includes transaction costs in those markouts) We could have measured IL but that just would have added literal random noise to the result since the assets are martingales. Also would be easier to game"
X Link 2026-02-13T17:59Z 82.6K followers, [---] engagements
"@DaoChemist @liquiditynet @synthetix_io No you can't. In Rainbow channels synthetics can be CREATED off-chain which means that anyone can trade any assets they want even if ETH was the only asset escrowed in any of the channels"
X Link 2019-03-21T13:03Z 73.8K followers, [--] engagements
"@DaoChemist @liquiditynet @synthetix_io That's very different from creating synthetics on-chain putting them into an off-chain exchange and then trading them off-chain"
X Link 2019-03-21T13:19Z 73.7K followers, [--] engagements
"@DaoChemist @liquiditynet @synthetix_io There are a few ways to have the settlement based on pricecheck out the paper You should close the channel if your counterparty gets too close to undercollateralization"
X Link 2019-03-21T16:39Z 73.7K followers, [--] engagements
"@fcmartinelli @thorchain_org @haydenzadams @zhusu @BalancerLabs @UniswapExchange But smaller trades will still be profitable right Because theyll pay lower fees. So it wont actually get stuck"
X Link 2019-12-13T18:06Z 73.7K followers, [--] engagements
"The past two days have tested how Uniswap liquidity providers fare during periods of extreme volatility. Despite a 30% drop in ETH price ETHDAI LPs were profitable over the past [--] hours They outperformed a static 50/50 portfolio with fees outweighing impermanent loss"
X Link 2020-03-13T19:38Z 73.7K followers, [---] engagements
"@_prestwich Wdym"
X Link 2020-04-18T05:40Z 74.6K followers, [--] engagements
"@_prestwich Huh. https://uniswap.info/token/0x3212b29E33587A00FB1C83346f5dBFA69A458923 https://uniswap.info/token/0x3212b29E33587A00FB1C83346f5dBFA69A458923"
X Link 2020-04-18T05:47Z 74.4K followers, [--] engagements
"Anyone who asks why Maker can't just implement a negative interest rate by slashing Dai balances has clearly never tried to write a smart contract that has to handle arbitrary ERC-20 tokens"
X Link 2020-08-05T22:30Z 73.7K followers, [--] engagements
"Another trend I think were going to start seeing more of: Its like Uniswap except we made it a little worse but well pay you to use it"
X Link 2020-08-20T16:18Z 73.7K followers, [---] engagements
"Bold new idea from @hosseeb: a protocol for off-chain order matching and on-chain execution Maybe someone should implement it and name it something like. "0x" https://medium.com/dragonfly-research/unbundling-uniswap-the-future-of-on-chain-market-making-1c7d6948d570 https://medium.com/dragonfly-research/unbundling-uniswap-the-future-of-on-chain-market-making-1c7d6948d570"
X Link 2020-08-20T17:07Z 73.8K followers, [--] engagements
"@LukeYoungblood @ColeGotTweets @MakerDAO @UniswapProtocol WBTC/WETH pool shares will never underperform both WBTC and WETH. Since both of those assets are already accepted as DAI collateral it shouldnt add systemic risk (well depending on the liquidation ratios and debt ceilings)"
X Link 2020-09-20T17:20Z 73.7K followers, [--] engagements
"Serious question: why should UNI liquidity mining rewards be restarted Initial rewards ended [--] hours ago and Uniswap has $1.6b liquidity + $250m volume. Subsidizing liquidity under these conditionsrather than saving the treasury for when its neededseems like burning money"
X Link 2020-11-20T00:25Z 73.8K followers, [---] engagements
"Maybe not everything needs to be decentralized"
X Link 2021-03-05T02:42Z 82.6K followers, [---] engagements
"SushiSwap took what Uniswap was doing and turned it around [---] degrees"
X Link 2021-03-15T23:42Z 74.3K followers, [---] engagements
"@SamuelShadrach4 @RariCapital Sure those might work"
X Link 2021-04-21T13:24Z 73.8K followers, [--] engagements
"@haydenzadams @Uniswap I think you mean (bonus: math)"
X Link 2021-05-18T16:23Z 73.8K followers, [--] engagements
"@SamuelShadrach4 @safetyth1rd Yes but the conditions here are that it must be efficiently implementable in a smart contract resistant to attackers who know its strategy perfectly and flexible enough to work tolerably well for any asset pair. Thats a pretty tough set of requirements"
X Link 2021-05-30T15:30Z 73.8K followers, [--] engagements
"@SamuelShadrach4 @safetyth1rd Its possible that such a strategy exists but IMO the best way to find it is to build a flexible base protocol like v3 and let others innovate on top of it"
X Link 2021-05-30T15:34Z 73.8K followers, [--] engagements
"@guil_lambert Why not just let them withdraw and redeposit This'll never be exact unless the price is EXACTLY at the midpoint"
X Link 2022-03-12T01:46Z 73.7K followers, [--] engagements
"I don't think there's much alpha left in designing new AMM invariants The next generation of DEX features are going to be about fair execution and tx cost minimization not new shapes for reserves curves"
X Link 2022-05-08T19:58Z 82.6K followers, [---] engagements
"@rliriano @js_horne @mikedemarais @boredGenius @haydenzadams @NoahZinsmeister @Uniswap @will__price I think Jacob was joking and knows what Unisocks are 😉"
X Link 2022-06-16T05:00Z 73.8K followers, [--] engagements
"Suppose you have a protocol that lets you split [--] USDC into two tokens [--] of token A and [--] of token B. Anyone can redeem [--] A + [--] B to get [--] USDC at any time. What price will these tokens trade at"
X Link 2022-06-27T00:30Z 82.6K followers, [---] engagements
"@foldfinance No theres no reporting or anything Its just a simple token splitting/merging smart contract I woulda written it in Solidity but Im too important to write code"
X Link 2022-06-27T00:55Z 73.7K followers, [--] engagements
"@gakonst @evan_van_ness tahbraH"
X Link 2022-07-19T13:29Z 78.7K followers, [--] engagements
"Every tweet that isnt a banger is a breach of contract with your followers"
X Link 2022-08-04T15:00Z 74.1K followers, [---] engagements
"@VitalikButerin @ArthurB @ByrneHobart Whats a 1/0 probability Are you sure you want to mess with that"
X Link 2022-11-15T09:59Z 73.7K followers, [--] engagements
"@b_asselstine @cronfinance @Dave__White @haydenzadams TWAP order or just TWAP its what its called in tradfi and yes its just one letter shifted from swap"
X Link 2023-01-19T21:56Z 77K followers, [---] engagements
"@safetyth1rd My model is that (maybe with exception of stables) the strategies are not especially capital-constrained. So if you can do them well why would you do it for others instead of yourself"
X Link 2023-05-31T05:12Z 73.4K followers, [----] engagements
"Uniswap puzzle: suppose you have a set of orders in both directions and a zero-fee constant product market maker for the same pair You want to net those orders against each other and the CPMM so all the orders get a common clearing price. Whats the formula for that price"
X Link 2023-06-04T18:31Z 70.4K followers, [--] engagements
"@uriklarman @Uniswap @ThogardPvP @0xdoug One benefit is that you dont have to track the ERC-20 balances of pools"
X Link 2023-06-13T17:47Z 73.8K followers, [---] engagements
"@ThogardPvP @uriklarman @Uniswap @0xdoug Just sqrt price liquidity etcall the v3 pool state"
X Link 2023-06-13T22:42Z 69.4K followers, [--] engagements
"@permaOx @uriklarman @Uniswap @ThogardPvP @0xdoug Its tracked in the ERC-20 contract"
X Link 2023-06-14T05:31Z 73.8K followers, [--] engagements
"One great thing about the extensibility of Uniswap v4 is that it makes more sense for me to do more research in public or collaboratively If youre a researcher or builder thinking about LVR mitigation and want to bounce ideas off each other please reach out My DMs are open"
X Link 2023-06-15T15:43Z 70.4K followers, [--] engagements
"@hal2001 I admit I did have that thought"
X Link 2023-06-15T16:09Z 70.4K followers, [---] engagements
"@willdepue I agree they are beautiful but in my experience literally every time you think something might be solved with a bloom filter its a bad idea"
X Link 2023-06-15T19:56Z 69.3K followers, [----] engagements
"Going live now to talk about Uniswap v4 with some chad researchers"
X Link 2023-06-27T16:04Z 70.4K followers, [----] engagements
"Please stop making vAMM perps"
X Link 2023-07-09T00:31Z 70.4K followers, 50.7K engagements
"Five reasons I think UniswapX changes the game for decentralized exchange MEV and interoperability 🧵 https://uniswap.org/whitepaper-uniswapx.pdf https://uniswap.org/whitepaper-uniswapx.pdf"
X Link 2023-07-17T22:01Z 82.6K followers, 263.8K engagements
"Is there an efficient consensus protocol that just reaches consensus on a set of transactions to includeno need for an orderingbut has the property that if 1/3 of validators saw a tx before the deadline and are honest it is included (Maybe Cosmos vote extensions do this)"
X Link 2023-08-20T00:46Z 70.4K followers, 17.4K engagements
"@Dave__White What does it mean"
X Link 2023-08-21T00:35Z 69.2K followers, [---] engagements
"My thoughts on best way to build an on-chain CLOB on Ethereum"
X Link 2023-08-22T20:34Z 77.5K followers, 42.1K engagements
"Its time for some game theory. Alice can make $1m by getting a tx included in block N. Shes not competing with anyone but if she misses block N she forfeits the opportunity. Bob is the proposer of block N which has lots of space. In the long term how is this value split"
X Link 2023-08-24T15:37Z 70.4K followers, 89.1K engagements
"@iamDCinvestor Suppose Bob was able to preannounce that he will reject Alices transaction unless she pays him 50% of the profit. What should Alice do then"
X Link 2023-08-24T16:01Z 70.4K followers, [----] engagements
"@0xQuintus In this case I say Bob does know the value and Alice is a one-time player as for other questions I think the answer is whatever is typically true of Ethereum block building a decade from now"
X Link 2023-08-24T17:24Z 70.4K followers, [----] engagements
"Ive changed my mind on JIT I used to defend it b/c I thought it always gave swappers a better price But @0x94305 discovered JIT can be combined with sandwiches to profit from giving swappers worse prices and found it now happening in the wild So I renounce my old opinion"
X Link 2023-09-01T02:39Z 70.4K followers, [----] engagements
"@hasufl @odtorson @0x94305 In a repeated game those swappers would stop using Uniswap if its giving them worse prices than are available elsewhere"
X Link 2023-09-01T14:40Z 70.4K followers, [---] engagements
"This is a variation on the ultimatum game: In theory as the first mover Alice should capture 100% of the gains But in practice I think it depends (including on whether Alice or Bob are repeated players and what commitment mechanisms are available)"
X Link 2023-09-04T01:52Z 70.4K followers, 12.8K engagements
"Often in the ultimatum game there are social or moral norms that prevent Alice from hogging the surplus and prevent Bob from accepting insultingly low offers But in this case I think those norms cut the other waymost people dont think the builder deserves to extract this MEV"
X Link 2023-09-04T17:47Z 69.3K followers, [----] engagements
"@Syuhjtman @GaussianProcess I think the null swap is forbidden by the rules of this puzzle because some LPs dont trade even though they execution price means they should"
X Link 2023-09-06T03:14Z 69.4K followers, [--] engagements
"Excited to go deep on DEX research this fall with @MikeIppolito_ and some killer guests"
X Link 2023-09-07T18:42Z 69.6K followers, [----] engagements
"@observerdq @haydenzadams It can be defined as d(Y)/d(sqrt(P)): the change in reserves of numeraire per change in square root of price Apologies that the latex formatting is busted:"
X Link 2023-09-08T14:45Z 69.4K followers, [--] engagements
"Still puzzles me how Uniswap v2 catalyzed so much growth that made no use of its new features IMO until v3 added conc. liquidity + fee tiers (making stablecoin pairs viable) and oracle observations (making TWAP easy to integrate) the main v2 features were basically wasted gas"
X Link 2023-09-10T18:04Z 73.6K followers, 13.3K engagements
"@Adonaieth How was it an improvement on v1 for that"
X Link 2023-09-10T18:08Z 70.4K followers, [---] engagements
"Maybe v2 was just easier to integrate for many small reasons (WETH Solidity reverts didnt eat gas cleaner router interface) that added up Or perhaps the growth was unrelated to the upgrade and if v2 wasnt around DeFi summer would have driven similar volume growth on v1"
X Link 2023-09-10T19:09Z 70.4K followers, [----] engagements
"@xin__wan Im less curious why people switched from v1 to v2 more curious why the v2 launch seemed to unlock extraordinary growth that far exceeded what had ever been seen on v1"
X Link 2023-09-11T04:42Z 70.5K followers, [---] engagements
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