Cheapest place to trade. Backed by @hiFramework @ForesightVen @HashKey_Capital @SamsungNext & more The People's DEX https://xitter.gq/t.co/Y9NnZopfr7
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Joined December 2021
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- Followers3.3K
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Krypton Exchange retweeted
Sandwich attacks are just the tip of the iceberg. There is adverse selection as well. As I argue here, the mainstream DeFi trading mechanisms all invite toxic behavior. The fully continuous exchange solves it:
medium.com/@kryptonlabs/inte…
Is anyone safe using DeFi?
A user on @Uniswap v3 was just sandwiched attacked out of $216k while simply trying to swap $221k USDC to USDT.
Mind you, this was a pool that had over $35m of USDC and USDT it.
This is insane.
How did it happen?
An MEV bot front-ran the tx by swapping all the USDC liquidity out.
After the transaction executed, they put back the liquidity.
The attacker tipped a block builder (bobTheBuilder) $200k and profited $8k from this transaction.
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A few ways to try to avoid this:
1. Reduce slippage tolerance on transactions
2. Don't use Uniswap. Use cowswap or another aggregator - which can provide better execution + prevent this malicious MEV
3. Use a custom RPC that doesn't expose your transactions publicly
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What is Uniswap's responsibility here?
We can't live in a world where a user executes a simple swap of $221k in a liquid stablecoin pool and gets rugged.
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P.S. data team @the_defi_report is cooking. Going deep on MEV to share the economics of various chains from the ground up.
Might not be pretty.
If you want to stay on top of all the insights we're sharing, you can sign up below 👇
Krypton Exchange retweeted
There is no price gauging on @KryptonDEX . As @cdixon of @a16z points out in "Read Write Own: Building the Next Era of the Internet", cryptographic verification AKA trustlessness turns Google's long abandoned mantra "Don't be Evil" into "Can't be Evil".
Krypton Exchange retweeted
Although famous for his 1985 paper, "Continuous Auctions and Insider Trading", I consider Pete Kyle’s 1989 paper "Informed Speculation with Imperfect Competition" one of the most brilliant and beautiful works of economic theory.
Krypton Exchange retweeted
DeFi is an example of a 0-1 innovation that started out looking like a toy. Video games are what gave us GPUs which arguably enabled the AI revolution we have been witnessing for the last 10+ years.
This quoted post is unavailable.
Krypton Exchange retweeted
Coinbase is cheaper if you switch to advanced mode/order book but still pretty expensive. I break it down in this thread: xitter.gq/michaelcnowotny/status…
Krypton Exchange retweeted
Trade-Off between Implementation Cost and Execution Risk AKA The Funnel
A thread...
@KryptonDEX is powered by @avax and @chainlink
Krypton Exchange retweeted
"The mechanism under our exchange operates by executing all transactions as continuous flows over a period of time"
Check out this clip of our Co-Founder & COO, @annabelleacta, where she unveils Krypton's cutting-edge order mechanism in a panel discussion at @SALTConference.
Krypton Exchange retweeted
one of the better explanations of Black-Scholes I've come across (no Ito lemma required!) gregorygundersen.com/blog/20…
Krypton Exchange retweeted
Krypton solves age-old issues with cutting-edge technology.
Master trading in just 45 seconds ⏱️
Krypton Exchange retweeted
Do you know how much you are paying for your trade? Do you want to find out? If so,
1.) Head over to your favorite DEX (or CEX) and construct a trade
2.) Open Krypton side by side
3.) The moment you click trade, record the market consensus price on Krypton (take a screenshot)
Krypton Exchange retweeted
When people execute their first trade at negative cost, they often ask „Wait, on Krypton YOU can get paid to trade? I thought trading was costly“?
It’s true and here is how it works. Hint: It’s the continuous batch auction that enables a true coincidence of wants.
Krypton Exchange retweeted
Our financial system needs an upgrade.
Krypton revolutionizes trading. Built on the foundation of @chainlink oracles, we’re forging a transparent market that levels the playing field for everyone.
Krypton Exchange retweeted
A recent paper in my new favorite academic subcategory: Serious Analysis™️ of degen social media behavior. TL;DR of this one is that more people talking about meme coins impacts their returns—deeply in the realm of obvious, but there are some fun insights. 🧵
Krypton Exchange retweeted
2024 has been a game-changer for Krypton, and we're thrilled to highlight some of our recent milestones with the Chainlink community!
Since August, we’ve made bold moves to redefine top-tier trade execution in finance:
🚀 Our Early Access Testnet debuted, revealing a groundbreaking trading experience packed with precision, efficiency, and a sleek UI. It’s the first step toward a platform to become the new industry standard for trading digital assets.
🚀 We rolled out a $50,000 USDC prize pool, reinforcing our dedication to building a lively trading community while rewarding skillful participants and advocates of Krypton.
🚀 We took the stage at the SALT Conference, unveiling our innovative approach to a fully continuous exchange—a concept that revolutionizes traditional order books into a dynamic, real-time trading adventure.
With these leaps and more on the horizon for 2025, Krypton stands out as the go-to for cutting-edge trading infrastructure. Our focus remains on seamless execution, security, and innovative integrated asset manager, all tailored for pros and retail traders alike. We’re crafting the future of finance.
A huge thanks to the @Chainlink ecosystem and our ever-growing community for your unwavering support. The best is still ahead!
Krypton Exchange retweeted
We are often asked if Krypton is a TWAP. It is not and here is why.
A thread…
Krypton is powered by @avax and @chainlink
Krypton Exchange retweeted
In 1971, Fischer Black predicted that stock exchanges would become fully automated.
DeFi is the ultimate realization of his prediction.
Krypton Exchange retweeted
Calling All Meme Creators! Now, through New Year's, The Rise&Trade Porcumeme Contest Is Live!
Find out how to cash in $55 USDC on Discord! GOOD LUCK!
Krypton Exchange retweeted
@KryptonDEX 🤝 @BlockchainAssn
If you, like me, have whatever the opposite of information overload is and also want to understand/have a voice in DC, highly highly recommend joining 🫡
Regulation is existential for small protocols, especially if you’re trying to merge TradFi and DeFi. That’s why we joined the @BlockchainAssn and go to the BA Policy Summit every year. See you there!