cutemoon

Trading on the most efficient market structure in the world Doing this at 30,000 feet while flying to London Ty BULK

These guys are awesome. Here from the start! I personally use bulkstats for quick visual analytical stuff but here is a great explainer why baskets are more efficient that opening standard orders They also have replayable portfolio pnl cards 👀

The smart people are starting to click on A different collateral pool for each leg of any form of efficient book is a non starter This is not how TradFi trades and they will not change it to trade onchain Having one collateral pool which nets a discount on each leg through spot, perps options and outcomes. All wrapped into a portfolio aware liquidation engine that works to eliminate risk rather than capital BULK is the ONLY onchain venue with this live today >multi asset margin (along with spot) and options being the next 2 big releases There is a clear meta forming here and we in a clear lead. Just trade on BULK 🫡

Equities at the wheel 🫳

RWA spreads are improving 🫡

We spend the rest of this year laying the foundations to what will support next year’s rollout at scale We spend next year winning it all 🫡

I can now score margin discounts with added volatility protection by partially hedging my BTC short against the most traded US index in the world Where else onchain can I do this?

There has been a meaningful shift internally We’ve always worked hard. We’ve always done long hours… But now, we are in the ‘everything clicking together” phase Every product release now planned, cycles into an additional offering to the unique designs of our underlying risk engine More markets, more market instruments.., all offsetting your margin requirements giving you more efficiency in your book The days of 4 different collateral pools for spot, perps, options and outcomes are OVER. Now we work on unifying those experiences under a shared, portfolio aware margin system Think about things like undercollateralised options that will carry lower premiums, or basis trades where the asset itself is utilised and considered, not lent usdc against… All offsetting each other, netting discounts on each leg depending on the correlations between those selected markets… We are clear ahead of the margin efficiency meta and the next 12-18 months is going to show you just how crucial that is To our competitors: To get even remotely close to matching this, you will have to rip out the core logic of the underlying risk engine that underpins your exchange today. For us? We simply need to rollout the next product.

Happy ATH to those who celebrate 🫡