# ![@yenwod_ Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1652674904167182338.png) @yenwod_ yenwod

yenwod posts on X about polymarket, if you, liquidity, market the most. They currently have [-----] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.

### Engagements: [------] [#](/creator/twitter::1652674904167182338/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1652674904167182338/c:line/m:interactions.svg)

- [--] Week [-------] +216%
- [--] Month [-------] +1,206%
- [--] Months [---------] +1,478%
- [--] Year [---------] +5,963%

### Mentions: [--] [#](/creator/twitter::1652674904167182338/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1652674904167182338/c:line/m:posts_active.svg)

- [--] Week [--] +363%
- [--] Month [--] +207%
- [--] Months [--] +149%
- [--] Year [---] +262%

### Followers: [-----] [#](/creator/twitter::1652674904167182338/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1652674904167182338/c:line/m:followers.svg)

- [--] Week [-----] +33%
- [--] Month [-----] +49%
- [--] Months [-----] +192%
- [--] Year [-----] +292%

### CreatorRank: [-------] [#](/creator/twitter::1652674904167182338/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1652674904167182338/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  13.39% [exchanges](/list/exchanges)  #277 [technology brands](/list/technology-brands)  2.68% [cryptocurrencies](/list/cryptocurrencies)  1.79% [social networks](/list/social-networks)  1.79% [stocks](/list/stocks)  1.79% [travel destinations](/list/travel-destinations)  0.89%

**Social topic influence**
[polymarket](/topic/polymarket) #1349, [if you](/topic/if-you) 8.93%, [liquidity](/topic/liquidity) #2183, [market](/topic/market) #709, [maker](/topic/maker) #586, [level](/topic/level) 4.46%, [whats the](/topic/whats-the) #951, [books](/topic/books) #2872, [hyperliquid](/topic/hyperliquid) #283, [crypto](/topic/crypto) 3.57%

**Top accounts mentioned or mentioned by**
[@beatzxbt](/creator/undefined) [@macrocephalopod](/creator/undefined) [@laurentzeimes](/creator/undefined) [@sasuke420](/creator/undefined) [@allaboutvol](/creator/undefined) [@idoccor](/creator/undefined) [@cocudera](/creator/undefined) [@quantarb](/creator/undefined) [@lsseckman](/creator/undefined) [@ioci24](/creator/undefined) [@levbeta](/creator/undefined) [@maruushae](/creator/undefined) [@0xngmi](/creator/undefined) [@0xloris](/creator/undefined) [@0xdoug](/creator/undefined) [@ltrd](/creator/undefined) [@orthogonalalpha](/creator/undefined) [@chameleonjeff](/creator/undefined) [@tigerbeetledb](/creator/undefined) [@0xmjt](/creator/undefined)

**Top assets mentioned**
[Alphabet Inc Class A (GOOGL)](/topic/$googl) [XBANKING (XB)](/topic/$xb) [Monad (MON)](/topic/monad)
### Top Social Posts
Top posts by engagements in the last [--] hours

"@chameleon_jeff hey can i get a ref code to try out hl"  
[X Link](https://x.com/yenwod_/status/1686875276721127430)  2023-08-02T23:03Z [----] followers, [----] engagements


"@0xngmi redacted exchange does not collateral check maker orders until they fill so you can literally place a $1b limit with ten dollars of account equity"  
[X Link](https://x.com/yenwod_/status/2020208028956647855)  2026-02-07T18:48Z [----] followers, 24.3K engagements


"I thought this alpha was spent as of summer [----] but turns out there's still a bit of pnl to be earned from the most naive trade you could do with this info @0xngmi redacted exchange does not collateral check maker orders until they fill so you can literally place a $1b limit with ten dollars of account equity @0xngmi redacted exchange does not collateral check maker orders until they fill so you can literally place a $1b limit with ten dollars of account equity"  
[X Link](https://x.com/yenwod_/status/2020980520474325177)  2026-02-09T21:57Z [----] followers, 20.4K engagements


"whose quoter misfired and bought 26k [--] bp contracts at 14% when the fed announced [--] bps"  
[X Link](https://x.com/yenwod_/status/1968424140538290554)  2025-09-17T21:17Z [----] followers, [----] engagements


"it took [---] seconds for someone to lift the offer on Polymarket even two minutes later you could still trade at the same price gm gm"  
[X Link](https://x.com/yenwod_/status/1970872859493802415)  2025-09-24T15:28Z [----] followers, [----] engagements


"A few people asked how I defined implied price and implied volatility. For a binary like MON FDV $Xb at time t I used the driftless GBM formula: Price = PrSt K = cdf(ln(S0/K) - [---] sigma2 t / sigma sqrt(t)) and solved for sigma to get implied volatility. For example using Hyperliquid's MON-USDC perp to approximate prices for Polymarket's Monad FDV contracts: [--]. Each Polymarket contract is structured "MON FDV $Xb one day after launch" and Hyperliquid MON-USDC is a perp on MON price. [--]. To price a Polymarket contract find PSt K given current MON-USDC price S0 where St is price at settlement"  
[X Link](https://x.com/yenwod_/status/1989337446333420009)  2025-11-14T14:19Z [----] followers, [----] engagements


"quite enjoying how @TigerBeetleDB style deterministic simulation tests define high level invariants that constrain coding agents and find clever ways to poke at them this is the first system where I've built a simulator this extensive and so far no regrets"  
[X Link](https://x.com/yenwod_/status/2021623934295175303)  2026-02-11T16:34Z [----] followers, [----] engagements


"@0xmjt This applies outside crypto as well. People execute on timers trade off charts etc"  
[X Link](https://x.com/yenwod_/status/2019859408726159660)  2026-02-06T19:43Z [----] followers, [----] engagements


"@NoatyXL Why is it expensive"  
[X Link](https://x.com/yenwod_/status/2020216270109487427)  2026-02-07T19:21Z [----] followers, [---] engagements


"@nayshins in your professional opinion odds this was claude"  
[X Link](https://x.com/yenwod_/status/2020235303840108628)  2026-02-07T20:36Z [----] followers, [----] engagements


"@0xLoris @0xngmi what's even better is they're perps and your upnl is added to equity at each fill meaning if you place a collateralized limit 2% from mark price at 100x leverage then another limit at [--] + epsilon% for 2x 4x 8x etc. the size they will all be valid if traded against"  
[X Link](https://x.com/yenwod_/status/2020563813079134337)  2026-02-08T18:22Z [----] followers, [----] engagements


"looking at the start of this incident you can see the bybit taker market order in both directions with binance lagging a few dozen ms behind 100m gone in in [--] minutes rough estimate assuming 50-75 bps px impact times the 16b bybit volume https://t.co/p8gNKFQcvR 100m gone in in [--] minutes rough estimate assuming 50-75 bps px impact times the 16b bybit volume https://t.co/p8gNKFQcvR"  
[X Link](https://x.com/yenwod_/status/2022074697308160037)  2026-02-12T22:25Z [----] followers, 57.9K engagements


"damn Kyle (1985) really getting called out"  
[X Link](https://x.com/yenwod_/status/1707515844539162780)  2023-09-28T22:01Z [----] followers, [----] engagements


"what's the canonical paper on the HFT taker vs maker game + impact from fees and tick sizes"  
[X Link](https://x.com/yenwod_/status/1716923513888797058)  2023-10-24T21:03Z [----] followers, [----] engagements


"@BeatzXBT @macrocephalopod @CoCudera @laurentzeimes @sasuke___420 @allaboutvol @quant_arb @LSseckman @idoccor @ioci24 i'm suggesting something slightly different before placing your order you computed a price say [------] the book has price levels (not yours) at [---] [------] and [---] i'm saying: at your price you're third in line. what's the deepest price where you're still third in line"  
[X Link](https://x.com/yenwod_/status/1731829208941265195)  2023-12-05T00:13Z [----] followers, [----] engagements


"easiest way to show script output in Grafana e.g. $ python show-in-grafana ideally someone can clone the script repo run it and immediately see data on localhost without global installation/retention of anything is there docker magic for this http://x.py http://x.py"  
[X Link](https://x.com/yenwod_/status/1774804456397488346)  2024-04-01T14:22Z [----] followers, [----] engagements


"1/ Data on the Polymarket election trades made by the French whale Theo"  
[X Link](https://x.com/yenwod_/status/1859710154897490375)  2024-11-21T21:27Z [----] followers, [----] engagements


"@0xdoug hard to margin maybe say prelaunch trades at 100M coin launches and rapidly climbs to 5B it'll be hard to liquidate shorts even with conservative maintenance margin profitable longs would be ADLd and not too happy about it"  
[X Link](https://x.com/yenwod_/status/1888306296237019452)  2025-02-08T19:17Z [----] followers, [---] engagements


"@HyperliquidX Why can't you self-trade to evade this [--]. Acc A longs 40m ETH at max leverage (1m collat) [--]. ETH price up 2.5% upnl is 40m equity 41m position ntl 41m [--]. B deposits 1.025m limit bids max leverage [--]. A sells to B realizes 40m withdraws 41m no 3rd party liquidity needed"  
[X Link](https://x.com/yenwod_/status/1900218953110110587)  2025-03-13T16:14Z [----] followers, [----] engagements


"this turned out to be useful for looking at spreads on the Friday contract anyone know how to consume a feed of all order books on polymarket without opening [---] websockets anyone know how to consume a feed of all order books on polymarket without opening [---] websockets"  
[X Link](https://x.com/yenwod_/status/1933957205159727506)  2025-06-14T18:38Z [----] followers, 45.7K engagements


"if LMAX chads were building this today do we think they would just use a Raft library instead of primary/secondary failover or write a custom VSR implementation Tigerbeetle style"  
[X Link](https://x.com/yenwod_/status/1950188721430565367)  2025-07-29T13:36Z [----] followers, 13.5K engagements


""fade the market impact" seems to be a pattern on Polymarket in response to news events given the timescales it looks like the ask liquidity here is coming from click traders (correctly imo) assessing the relative unimportance of the tweet"  
[X Link](https://x.com/yenwod_/status/1970880849303466459)  2025-09-24T15:59Z [----] followers, [----] engagements


"if you like puzzles and making computers go fast try this new highload dot fun problem"  
[X Link](https://x.com/yenwod_/status/1976336525374919089)  2025-10-09T17:18Z [----] followers, [----] engagements


"if i were jeff i would simply have hired yuriy lyfenko to write the liquidation engine if you like puzzles and making computers go fast try this new highload dot fun problem https://t.co/W5UJvzfhfG if you like puzzles and making computers go fast try this new highload dot fun problem https://t.co/W5UJvzfhfG"  
[X Link](https://x.com/yenwod_/status/1977035854104478160)  2025-10-11T15:37Z [----] followers, [----] engagements


"Excellent tour through the tick data with detailed charts including relative timing between exchanges. https://t.co/4EbQoUhGIP https://t.co/4EbQoUhGIP"  
[X Link](https://x.com/yenwod_/status/1978433381634380006)  2025-10-15T12:10Z [----] followers, [----] engagements


"@MartinShkreli @Polymarket @UMAprotocol idk why they left the rules for this one so vague wasn't hard to foresee this dispute"  
[X Link](https://x.com/yenwod_/status/2020691115691872689)  2026-02-09T02:47Z [----] followers, [----] engagements


"@TigerBeetleDB unfortunately i have to report the claude that spawns from slack is nearly useless"  
[X Link](https://x.com/yenwod_/status/2021648216983580834)  2026-02-11T18:11Z [----] followers, [---] engagements


"@stalequant how do you see ADL risk good that they get special margining with stETH in bankruptcy-remote trust but ADL is outside of everyone's control in their docs they seem unconcerned does it make more sense to have sUSDe eat the loss after insurance fund instead of no backstop"  
[X Link](https://x.com/yenwod_/status/1776719431391129828)  2024-04-06T21:11Z [----] followers, [----] engagements


"US govt shutdown Polymarket contract observations [--]. Often 50k liquidity close to the touch 5m contracts traded all day [--]. Books moved together but not in lockstep [--]. Click trader placed at 80c 10x bigger than the rest of the book and adjusted the order manually"  
[X Link](https://x.com/yenwod_/status/1973382969067774315)  2025-10-01T13:42Z [----] followers, 117.3K engagements


"There's a lot going on in this chart. During the crash correlations spiked (see clustering on the top plot). A few symbols were more idiosyncratic plausibly for mechanistic reasons. [--]. HYPE has price drivers besides market beta perhaps assistance fund purchases fueled by fee revenue during the frenzy. This has showed up in previous selloffs too. [--]. YZY price action looks suspicious. No further comment. [--]. MON is a pre-launch perp for the Monad token. Two reasons it's different: (a) It's expensive to move prices on Hyperliquid's pre-launch markets. Without a mark price funding comes from"  
[X Link](https://x.com/yenwod_/status/1977350936298229909)  2025-10-12T12:29Z [----] followers, 20.4K engagements


"I am also hoping @ltrd_ looks at lead-lag effects between exchanges in his analysis as he's done previously. I'm not sure how far ahead or behind Hyperliquid may have been. At certain points it seemed like one of the only venues accepting orders"  
[X Link](https://x.com/yenwod_/status/1977352212255813713)  2025-10-12T12:34Z [----] followers, [----] engagements


"ADL would be a major Achilles heel for Ethena without special deals. It was my first question after reading their docs [---] years ago. Binance should either wear the additional risk or argue publicly that a DeFi stablecoin is enough of a social good for everyone else to bear it. @stalequant how do you see ADL risk good that they get special margining with stETH in bankruptcy-remote trust but ADL is outside of everyone's control in their docs they seem unconcerned does it make more sense to have sUSDe eat the loss after insurance fund instead of no backstop @stalequant how do you see ADL risk"  
[X Link](https://x.com/yenwod_/status/1977749621922283883)  2025-10-13T14:53Z [----] followers, [----] engagements


"Hyperliquid and Polymarket both have markets on Monad's token price one as a perp the other a binary. The two prices move in interesting ways. Observations: [--]. Volatility realized by Hyperliquid's contract (15-minute bars) was much higher at listing but converged with Polymarket contract implied volatility after the first week of trading. [--]. If you use Hyperliquid to construct an implied price for each Polymarket contract from current price and RV the price paths are similar. [--]. Under this simple model both Polymarket contracts have either been too expensive or pricing in a jump on day of"  
[X Link](https://x.com/yenwod_/status/1984268366022951115)  2025-10-31T14:36Z [----] followers, 67.5K engagements


"One stylized fact about market microstructure is that prices move more at the start of wall clock time intervals eg the start of every [--] or [--] minute candle"  
[X Link](https://x.com/yenwod_/status/2019854978060517521)  2026-02-06T19:25Z [----] followers, 22.5K engagements


"@cmsholdings any trading system without this regression test in the simulator is simply ngmi"  
[X Link](https://x.com/yenwod_/status/2020208583192056117)  2026-02-07T18:50Z [----] followers, 87.3K engagements


"100m gone in in [--] minutes rough estimate assuming 50-75 bps px impact times the 16b bybit volume @cmsholdings any trading system without this regression test in the simulator is simply ngmi https://t.co/hIpgxu96dK @cmsholdings any trading system without this regression test in the simulator is simply ngmi https://t.co/hIpgxu96dK"  
[X Link](https://x.com/yenwod_/status/2020222962067018092)  2026-02-07T19:47Z [----] followers, 144.1K engagements


"in the most active 1500ms period -- $250m traded () -- the market has figured out this is not price discovery and binance reacts quite differently eyeballing orders range 10-50ms apart. they could be placing market orders serially limited by the API response time"  
[X Link](https://x.com/yenwod_/status/2022074701623996602)  2026-02-12T22:25Z [----] followers, [----] engagements


"zooming out to a 15s window the alternate buying and selling periods become apparent"  
[X Link](https://x.com/yenwod_/status/2022074705117954328)  2026-02-12T22:25Z [----] followers, [----] engagements


"across the whole time period takers on bybit realized $85m of losses assuming VIP fees. 100m estimate wasn't too far off"  
[X Link](https://x.com/yenwod_/status/2022074708922142943)  2026-02-12T22:25Z [----] followers, [----] engagements


"@macrocephalopod @AgustinLebron3 psh what's the worst that could happen nothing comes to mind really"  
[X Link](https://x.com/yenwod_/status/2022435305492562153)  2026-02-13T22:18Z [----] followers, [---] engagements


"@theemilyaccount @therobotjames @experquisite @sasuke___420 idk from like a gamesmanship perspective some of the crypto antics are pretty fun like oh we accidentally sorted orders on each price level by id instead of by time oops silly us"  
[X Link](https://x.com/yenwod_/status/1666668888485158919)  2023-06-08T04:50Z [----] followers, [---] engagements


"@macrocephalopod *matt levine has entered the chat*"  
[X Link](https://x.com/yenwod_/status/1671288861874593792)  2023-06-20T22:48Z [----] followers, [----] engagements


"@ryxcommar fwiw i think if a recruiter is looking at your resume you're playing a losing game anyway you are high caliber and i think you could get better offers in other ways even if recruiters were stoked on your resume"  
[X Link](https://x.com/yenwod_/status/1671942195954462720)  2023-06-22T18:04Z [----] followers, [---] engagements


"@sasuke___420 volume is real and no they are in ap-northeast-1 API is pretty good for crypto but watch out for p99 latency and fill messages coming after order done messages"  
[X Link](https://x.com/yenwod_/status/1673913961287405568)  2023-06-28T04:39Z [----] followers, [---] engagements


"@BeatzXBT @quant_arb @sasuke___420 @therobotjames @Quantaraum @allaboutvol @OrthogonalAlpha if you want to be lazy you can program in a sliding scale so your entry profit margin grows / exit profit margin shrinks as your position grows so first $10k you enter at [--] bps of profit exit at [--] next $10k you enter at [--] exit at [--] etc"  
[X Link](https://x.com/yenwod_/status/1675709674392363008)  2023-07-03T03:34Z [----] followers, [---] engagements


"@sasuke___420 @BeatzXBT @allaboutvol @idro___ @OrthogonalAlpha agreed. measuring basis points of impact for e.g. $10k on each side is a good way to avoid spurious measurements"  
[X Link](https://x.com/yenwod_/status/1680234110734966785)  2023-07-15T15:13Z [----] followers, [---] engagements


"@laurentzeimes @totlsota allocation as in size you can also do this with a few price ticks up and down if you're fast at cancelling but every time ive tried this somewhere with small ticks I just get traded through more often lol"  
[X Link](https://x.com/yenwod_/status/1690800456270856192)  2023-08-13T19:00Z [----] followers, [---] engagements


"@thiccythot_ [--]. run what looks like a naive MM algorithm posting two-sided liquidity with 500k quote sizes [--]. skew it a few basis points [--]. accumulate inventory without anybody noticing idk how the effort : reward ratio compares to twap tho"  
[X Link](https://x.com/yenwod_/status/1693667260089655740)  2023-08-21T16:51Z [----] followers, [---] engagements


"@danrobinson the nice thing about the radix trees is that you can traverse them with simd evm needs reduced-gas simd (on [---] bits I guess)"  
[X Link](https://x.com/yenwod_/status/1699117980741976357)  2023-09-05T17:51Z [----] followers, [---] engagements


"@BeatzXBT @FormulaDeltaOne @sasuke___420 @OrthogonalAlpha @CoCudera @idro___ @crypto_hades @macrocephalopod @idoccor @allaboutvol @AmirAli7e @levbeta @Kn1era got it. also look at the microstructure more. if the book is sparse worth asking a) is the taker a market order and b) when is it better to place at the back of the queue on level N versus the front of the queue on N+1 no perfect way here only tradeoffs incl w rate limits"  
[X Link](https://x.com/yenwod_/status/1711381639622746446)  2023-10-09T14:02Z [----] followers, [---] engagements


"some say if you google translate old cole polytechnique articles you'll end up reading about "fish point processes" too whenever I think about Hawkes I think of it as the flappy bird process just imagine my little fv model jumping up and down and the pipes are the quotes https://t.co/fyTj3pAykU whenever I think about Hawkes I think of it as the flappy bird process just imagine my little fv model jumping up and down and the pipes are the quotes https://t.co/fyTj3pAykU"  
[X Link](https://x.com/yenwod_/status/1715091503205556438)  2023-10-19T19:44Z [----] followers, [----] engagements


"do slippage vs market impact next Pet peeve: everyone in crypto uses the term CLOB (central limit order books) they really mean LOB CLOB implies a single book that contains all liquidity. The CME is a CLOB because you can only trade ES there. Nasdaq is just a LOB because you can trade MSFT at other venues. Pet peeve: everyone in crypto uses the term CLOB (central limit order books) they really mean LOB CLOB implies a single book that contains all liquidity. The CME is a CLOB because you can only trade ES there. Nasdaq is just a LOB because you can trade MSFT at other venues"  
[X Link](https://x.com/yenwod_/status/1717373145181741360)  2023-10-26T02:50Z [----] followers, [----] engagements


"@BeatzXBT might be fulfilling an uptime SLA without necessarily wanting fills and setting a GTT of +1s reduces risk in case API goes down"  
[X Link](https://x.com/yenwod_/status/1726734959971565779)  2023-11-20T22:51Z [----] followers, [---] engagements


"@BeatzXBT at the p9999 extremes exchanges might slow down / cease to respond for tens of seconds open limit orders are just a bunch of risk for you. especially if you're quoting [---] symbols you could easily overtrade your risk preference in these moments"  
[X Link](https://x.com/yenwod_/status/1726787754607206458)  2023-11-21T02:20Z [----] followers, [---] engagements


"@laurentzeimes someone who knows how CPUs work come kick me out of the number [--] spot here"  
[X Link](https://x.com/yenwod_/status/1729715372545163333)  2023-11-29T04:14Z [----] followers, [----] engagements


"@0xdoug this is kind of the premise of narwhal etc right the papers are like 90/10 data availability / "oh btw now you can derive consensus yay""  
[X Link](https://x.com/yenwod_/status/1731022994594775174)  2023-12-02T18:50Z [----] followers, [---] engagements


"@BeatzXBT @macrocephalopod @CoCudera @laurentzeimes @sasuke___420 @allaboutvol @quant_arb @LSseckman @idoccor @ioci24 how do you calc x bps - limit price if asks are [---] [------] [---] and u want top + [--] bps u could place @ [------] but sometimes better to jump in front of the next order deeper than [--] bps - place at [------] same spot in line and if top moves around a bit you don't replace"  
[X Link](https://x.com/yenwod_/status/1731826212891152669)  2023-12-05T00:01Z [----] followers, [---] engagements


"i hope exchanges know we penny jump not out of malice but because our rate limits are insufficient @BeatzXBT @macrocephalopod @CoCudera @laurentzeimes @sasuke___420 @allaboutvol @quant_arb @LSseckman @idoccor @ioci24 i'm suggesting something slightly different before placing your order you computed a price say [------] the book has price levels (not yours) at [---] [------] and [---] i'm saying: at your price you're third in line. what's the deepest price where you're still third in line @BeatzXBT @macrocephalopod @CoCudera @laurentzeimes @sasuke___420 @allaboutvol @quant_arb @LSseckman @idoccor"  
[X Link](https://x.com/yenwod_/status/1732094596249981139)  2023-12-05T17:48Z [----] followers, [----] engagements


"@laurentzeimes while you're at it have you tried setting the keep-alive header lol"  
[X Link](https://x.com/yenwod_/status/1740153602134684103)  2023-12-27T23:32Z [----] followers, [----] engagements


"@laurentzeimes tcp_nodelay"  
[X Link](https://x.com/yenwod_/status/1740356869296931054)  2023-12-28T12:59Z [----] followers, [---] engagements


"@chameleon_jeff @HyperliquidX what prevents a toxic taker validator from censoring maker cancels in blocks where they're racing"  
[X Link](https://x.com/yenwod_/status/1743684990679035983)  2024-01-06T17:24Z [----] followers, [----] engagements


"@BeatzXBT agree all else equal it's possible volume_change(cb t) predicts volume_change(anywhere t+100ms) better than volume_change(binance futures t) but vice versa for price change along these lines https://arxiv.org/pdf/2107.00298.pdf https://arxiv.org/pdf/2107.00298.pdf"  
[X Link](https://x.com/yenwod_/status/1744537605109424514)  2024-01-09T01:52Z [----] followers, [---] engagements


"@gumby_arc hey still faster than the FTX matching engine"  
[X Link](https://x.com/yenwod_/status/1747423278640369745)  2024-01-17T00:59Z [----] followers, [---] engagements


"@laurentzeimes @macrocephalopod the old "just long / short the three perps with the lowest / highest funding" trade but with math"  
[X Link](https://x.com/yenwod_/status/1767232001688686818)  2024-03-11T16:51Z [----] followers, [---] engagements


"@BeatzXBT why is it easier to pick a cutoff with the normalized version or are you saying both are hard"  
[X Link](https://x.com/yenwod_/status/1768819481693077914)  2024-03-16T02:00Z [----] followers, [---] engagements


"@levbeta might be what you're suggesting but: can you get any faster than putting log msgs in a spsc queue and having a different thread handle them in batches"  
[X Link](https://x.com/yenwod_/status/1770841243016212933)  2024-03-21T15:53Z [----] followers, [---] engagements


"@BeatzXBT @levbeta imo good to be thoughtful but also be careful of trying to foresee too much and :) https://en.wikipedia.org/wiki/Second-system_effect https://en.wikipedia.org/wiki/Second-system_effect"  
[X Link](https://x.com/yenwod_/status/1783648054639476991)  2024-04-26T00:03Z [----] followers, [---] engagements


"@BeatzXBT may I ask why it's not clear to me why you'd optimize for average entry price across orders since if your deepest order doesn't fill the price could be dramatically worse than the target"  
[X Link](https://x.com/yenwod_/status/1804167319524147529)  2024-06-21T14:59Z [----] followers, [---] engagements


"@BeatzXBT my recc: 1) record exchange messages (incl REST responses where necessary) 2) read the recorded messages and replay them through your feed handlers + strategy such that you reach the exact same state 3) assert book state your open orders your desired orders etc"  
[X Link](https://x.com/yenwod_/status/1808200123392184419)  2024-07-02T18:04Z [----] followers, [---] engagements


"@BeatzXBT this covers exchange message parsing state updates strategy logic signal generation at a rather high level and whenever you see a bug in prod you can take your message log and create a regression test"  
[X Link](https://x.com/yenwod_/status/1808200156594294927)  2024-07-02T18:04Z [----] followers, [---] engagements


"@Dub0x3A if you have alpha while quoting tight and quote small relative to the market you'll be fine"  
[X Link](https://x.com/yenwod_/status/1815880381926891525)  2024-07-23T22:43Z [----] followers, [---] engagements


"@0xdoug What if you require that concurrent proposers submit overlapping transaction sets and for the final block only include transactions proposed by a majority"  
[X Link](https://x.com/yenwod_/status/1822704877895921951)  2024-08-11T18:41Z [----] followers, [---] engagements


"@macrocephalopod if you're in Paris both Motors Coffee and Back in Black certainly do"  
[X Link](https://x.com/yenwod_/status/1875920869421424851)  2025-01-05T15:02Z [----] followers, [---] engagements


"@macrocephalopod @quantymacro I see your old posts when @L3X_luthor goes on rt sprees (ty for the public service)"  
[X Link](https://x.com/yenwod_/status/1876704159732293661)  2025-01-07T18:55Z [----] followers, [----] engagements


"@elletwocache this is a nice overview at one level more micro https://arxiv.org/pdf/2401.10722 https://arxiv.org/pdf/2401.10722"  
[X Link](https://x.com/yenwod_/status/1877065149908959285)  2025-01-08T18:49Z [----] followers, [----] engagements


"@allaboutvol what platform"  
[X Link](https://x.com/yenwod_/status/1900367302752686338)  2025-03-14T02:04Z [----] followers, [---] engagements


"@ltrd_ good stuff - nice to see someone looking at the actual tick data"  
[X Link](https://x.com/yenwod_/status/1912226579629154773)  2025-04-15T19:28Z [----] followers, [---] engagements


"@zft_send if i understand their docs correctly HLP's situation is strictly better than an arbitrary MM's because it has the right but not the obligation to take all liquidation flow if HLP doesn't want a liquidation and there's no liquidity they can trigger ADL"  
[X Link](https://x.com/yenwod_/status/1914425842416967989)  2025-04-21T21:07Z [----] followers, [---] engagements


"@quantymacro https://x.com/yenwod_/status/1731829208941265195 @BeatzXBT @macrocephalopod @CoCudera @laurentzeimes @sasuke___420 @allaboutvol @quant_arb @LSseckman @idoccor @ioci24 i'm suggesting something slightly different before placing your order you computed a price say [------] the book has price levels (not yours) at [---] [------] and [---] i'm saying: at your price you're third in line. what's the deepest price where you're still third in line https://x.com/yenwod_/status/1731829208941265195 @BeatzXBT @macrocephalopod @CoCudera @laurentzeimes @sasuke___420 @allaboutvol @quant_arb @LSseckman"  
[X Link](https://x.com/yenwod_/status/1914740521697726758)  2025-04-22T17:58Z [----] followers, [----] engagements


"is there actually no way to read the jupiter perps source code contract audits all mention a private repo http://github.com/jup-ag/perpetuals http://github.com/jup-ag/perpetuals"  
[X Link](https://x.com/yenwod_/status/1917288554255855893)  2025-04-29T18:43Z [----] followers, [----] engagements


"@0xLoris @Lighter_xyz lol I hope you wrote this on the Google form where they make you apply for API access"  
[X Link](https://x.com/yenwod_/status/1917558107279892863)  2025-04-30T12:34Z [----] followers, [---] engagements


"@0x94305 first cancels then post-only orders (both placements and amends) then everything else regardless of sender ordering within each group is fcfs"  
[X Link](https://x.com/yenwod_/status/1921299062852092292)  2025-05-10T20:19Z [----] followers, [---] engagements


"all conditional on your instruction landing in the block so a brief model for cancel races is: [--]. maker and taker have same latency l N(u s2) and cancel/place with time remaining t until end of block [--]. each lands this block with probability P0 = Prl t = phi(t - u / s) [--]. or next block with P1 = Prt l t + x = phi(t + x - u / s) - P0 given a block produced every interval x [--]. maker wins if (a) the maker lands this block or (b) maker lands the next block and taker misses the current block so [--]. maker wins with probability P_win = P0 + P1(1 - P0)"  
[X Link](https://x.com/yenwod_/status/1921301350110880041)  2025-05-10T20:28Z [----] followers, [---] engagements


"@0x94305 extend to n takers and get a slightly more pessimistic P_win = P0 + P1(1 - P0)n"  
[X Link](https://x.com/yenwod_/status/1921301777976008961)  2025-05-10T20:30Z [----] followers, [---] engagements


"@0xBalloonLover easy: 'MM' = using API even if only taking liquidity 'retail' = not toxic on 5s markout even if it's an institutional liquid fund and 'trader' = someone not only incapable but also constitutionally uninterested in quantifying and improving their edge hope this helps"  
[X Link](https://x.com/yenwod_/status/1921305526186422283)  2025-05-10T20:45Z [----] followers, [---] engagements


"anyone know how to consume a feed of all order books on polymarket without opening [---] websockets"  
[X Link](https://x.com/yenwod_/status/1925927041280406016)  2025-05-23T14:49Z [----] followers, 47.8K engagements


"@elletwocache listen i'm processing *dozens* of msgs / sec / feed over here i'm not playing around"  
[X Link](https://x.com/yenwod_/status/1925928825851904369)  2025-05-23T14:56Z [----] followers, [----] engagements


"@danrobinson are there any perp AMM designs that permit cross margin"  
[X Link](https://x.com/yenwod_/status/1927176249970921703)  2025-05-27T01:33Z [----] followers, [----] engagements


"@raddygg no unfortunately the contract events don't include book data and the Polymarket API doesn't include the contract event data you'd need to identify the counterparties in each trade so you need to ingest both for complete data"  
[X Link](https://x.com/yenwod_/status/1934003496904262003)  2025-06-14T21:42Z [----] followers, [---] engagements


"@0xmagnus @HiddeMulder2 currently 350"  
[X Link](https://x.com/yenwod_/status/1934068051214803355)  2025-06-15T01:58Z [----] followers, [---] engagements


"@EMAenjoyer i wrote one thing that connects to as many sockets as necessary to cover all the active markets logs messages to disk and pushes files to cloud storage hourly then another thing to pull down the files build the books etc"  
[X Link](https://x.com/yenwod_/status/1934068805728387273)  2025-06-15T02:01Z [----] followers, [---] engagements


"@0xShitTrader @ellipsis_labs are you able to share approx aggregated results for t1 t2 auditors"  
[X Link](https://x.com/yenwod_/status/1937199895242219785)  2025-06-23T17:23Z [----] followers, [---] engagements


"@levbeta do next https://highload.fun/tasks/15/leaderboard/rust https://highload.fun/tasks/15/leaderboard/rust"  
[X Link](https://x.com/yenwod_/status/1944808474648437215)  2025-07-14T17:17Z [----] followers, [---] engagements


"@BeatzXBT @DegenQuant sorry beatz once you do switch to c++ everyone will be doing zig that's just the way it goes"  
[X Link](https://x.com/yenwod_/status/1946718341336322281)  2025-07-19T23:46Z [----] followers, [---] engagements


"@j0hnwang isn't the first margining change to require that sellers post collateral = (1 - price)*size and buyers post price*size for 1x leverage (for markets that settle between [--] and 1)"  
[X Link](https://x.com/yenwod_/status/1955049689042092504)  2025-08-11T23:32Z [----] followers, [----] engagements


"@macrocephalopod ceph now that you're retired from quantposting can you pls post more brainteasers with p4's absence we have perilously few of these on the tl"  
[X Link](https://x.com/yenwod_/status/1966881252298076279)  2025-09-13T15:06Z [----] followers, [---] engagements


"@idoccor didn't even recommend kafka smh"  
[X Link](https://x.com/yenwod_/status/1972099730324050308)  2025-09-28T00:43Z [----] followers, [----] engagements


"@fozzydiablo hard to tell from this chart but in the tick data you see other orders flickering and repricing as mid moves this one just hangs out at 80c is eventually top of book takes fills for a while then retreats could be API but has UI clicking vibes"  
[X Link](https://x.com/yenwod_/status/1973401553143824686)  2025-10-01T14:56Z [----] followers, [----] engagements


"@ghstdotfun just good old matplotlib"  
[X Link](https://x.com/yenwod_/status/1973434333592690931)  2025-10-01T17:06Z [----] followers, [----] engagements


"@MakeTokensFun ty"  
[X Link](https://x.com/yenwod_/status/1973500799880982795)  2025-10-01T21:30Z [----] followers, [----] engagements


"@edoardo_luna00 ty I subscribe to their websocket API and write down all the messages on an ongoing basis. then i replay subsets to build the book state for a particular time frame"  
[X Link](https://x.com/yenwod_/status/1973532129205297284)  2025-10-01T23:35Z [----] followers, [----] engagements


"@experquisite Hah are you running out of good counterparties"  
[X Link](https://x.com/yenwod_/status/1982458176575242666)  2025-10-26T14:43Z [----] followers, [---] engagements


"@TomasIsMe HL does something similar. There's a tradeoff because the more you lag the EMA the more expensive it is to move the price (because funding is calculated from a stale mark price) *and* the slower you are to liquidate. Funding on pre-launch is just a weird mechanism"  
[X Link](https://x.com/yenwod_/status/1984299175526207847)  2025-10-31T16:39Z [----] followers, [----] engagements


"@ScottPh77711570 ty Scott"  
[X Link](https://x.com/yenwod_/status/1984950547242504689)  2025-11-02T11:47Z [----] followers, [---] engagements


"@maruushae are you asking whether you should (a) market order to enter the position immediately then close after a day versus (b) enter slowly over the course of the day"  
[X Link](https://x.com/yenwod_/status/1986761874147320102)  2025-11-07T11:45Z [----] followers, [---] engagements


"@maruushae how would you decide when to trade against your longer term forecast intraday let's say current price P0 is below your forecast price Pt and you buy at P0. what price would you short at"  
[X Link](https://x.com/yenwod_/status/1986766432227512451)  2025-11-07T12:03Z [----] followers, [---] engagements


"@maruushae i think that's reasonable if you can predict multiple time horizons or other facts about the price path over the day but in practice that can be quite challenging"  
[X Link](https://x.com/yenwod_/status/1986773948869333292)  2025-11-07T12:33Z [----] followers, [---] engagements


"@maruushae you can simulate a toy version: generate GBM price paths tell your strategy the endpoint backtest it over the whole path and find the optimal trading rule"  
[X Link](https://x.com/yenwod_/status/1986774099277066462)  2025-11-07T12:33Z [----] followers, [---] engagements


"@Armv7lFx Whoa so if I'm reading this right you believe the visible RPI orders are mostly placed by the vault to give the appearance of a successful retail product Also nice trade Enjoyed the writeup and your various dashboards"  
[X Link](https://x.com/yenwod_/status/1988946843158598049)  2025-11-13T12:27Z [----] followers, [----] engagements


"@ltrd_ @semajeth simple heuristic: if you yeeted market orders at random intervals over the past few hours hyperliquid would have been better than binance only at very large sizes"  
[X Link](https://x.com/yenwod_/status/2016676593222000834)  2026-01-29T00:55Z [----] followers, 25.8K engagements

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