defi ⠙ ml ⠙ ex-founder 21-24 ⠙ onchain enjoyer
Joined July 2018
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FYI i decided to leave @risechain at the end of Q1.
haven't posted about it as i was completely burnt out after 18 months there & needed to touch grass. was the first time i’d been that cooked w terrible sleep patterns, bunch of weight gained & lost all excitement for work.
re health, got bloods done after leaving. turns out i had very low Vitamin D, been making sure to spend at least 30 mins out in the sun a day which has made a huge difference. also start jabbing various 中国 peptides & down ~15kg w the fat still melting off w some other benefits.
outside of health things also been going down the AI rabbit hole. one fun project has been building an org-wide agentic harness for a 40 person startup. a few people in their team were already flying with their own agentic setups with custom skills/automations. others were still using vanilla Claude set up & not getting much value from AI. at an org level personal agents are great individually but they don’t scale & nothing compounds across the org. to help solve this we build one shared harness, users can interact via Slack or MCP & get access to deep context, tools & agents. rolling out to their team now, and it’s already saving days on a number of cross-team workflows. (will post case study soon)
been keeping an eye on RISE, awesome to see how far they’ve come. with RISEx ( & some of the things I helped build) doing over $6B cumulative perp volume and roughly $90M a day. s/o @sam_battenally @hai_rise & team for smashing it. still think native CLOBs on the EVM are extremely bullish as the potential unlock a new wave of money legos is huge.
currently still unemployed but in no rush to commit to anything & somewhat tempted to run back 2021, go founder mode & start something new. if you've got interesting ideas in DeFi or AI, down to chat.
sitting waiting to board a flight rn
two ppl sitting within 5m watching tik tok vids w no headphones & volume pumped to the max
immediate urge to embrace the ways of my ancient ancestors & go on a violent rampage
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my previous overlords @sam_battenally & @hai_rise as the gatekeepers to some minor technical changes to @risextrade currently stand between you & unlocking 1000x leverage on @risechain (w/out putting RISEx itself at risk + addressing some of the issues w papertrade)
anyone want 200x ?!
thinking it might be time to return to tradition
cook some money legos + fun ponzinomics on @risechain
anyone want 200x ?!
thinking it might be time to return to tradition
cook some money legos + fun ponzinomics on @risechain
BTC and ETH leverage is now up to 50x, double the old 25x cap
Our books got deeper, so we raised the limits
Trade them on RISEx:
$BTC: join.rise.trade/BTC
$ETH: join.rise.trade/ETH
＼(｀0´)／ retweeted
I spent the last week touching grass. Highly recommend.
Back to business. It was cool to reflect on our progress over the past few months. Here’s a bit of a brain dump
In August, we cleared $1.05M in revenue, up 23% from July.
August stats:
- $3.05B perps volume, up 22%
- $220M on our biggest day
- Average OI $43.3M, up 126%
- Peak OI $55.5M on August 31
One thing I’m seeing in the data is bigger traders are getting more comfortable, putting on more size, and taking risk on our books. The number of large orders $50k+, and $200k+ are steadily on the rise.
Two months ago we launched our first RWAs. We now have 15 markets and RWAs are typically ~40% of our volume. This is even following a cooling off in the AI trades, which I expect to warm up again. Bottom-line, RWAs are here to stay.
That $220M day was a great stress test. It exposed latency under peak load, and it was exactly the kind of pressure we needed to harden the venue for what’s next ($1B+ mark).
Distribution is the other half. We’ve been aggressively exploring new markets and partnership opportunities and building IRL communities. One thing I’m particularly excited about is shipping banking on/offramps and experimenting with non-crypto distribution.
We are working on new mechanics to reward traders who take on significant size and to reward those who join RISEx as new traders or bring in new traders. I won’t say too much yet, but I am super excited.
Liquidity is getting better each week. Our process here is iterative. We deepen+tighten, then monitor the markouts, then repeat, adding more capital as required. Expect a 2-4x on all RWAs over the next week.
Happy trading
chatted w @sam_battenally briefly re HFT + DL last week
LLMs are pretty useless for low latency stuff. but some patterns used in robotics potentially relevant. i.e. LLM as the brain, tiny fast nets as motor control
whipped up a rough FOSS poc to visualise simple concept of the split (w Astra)
slower neural net reallocates weights across 3 distinct algo's on live low rest data. small algo's stay fast + inspectable. the gate i.e. bigger model decides who to trust and by how much based on higher resolution data
not real hft, no orders, no alpha claim. just making the loop & concept visible
repo if you want to poke at it
github.com/degenRobot/hft-de…
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you can just do things
composability & money legos are what make building in DeFi fun
@risextrade as CLOB on EVM unlocks a bunch some cool stuff (as a former RISE employee)
the pieces there for a cracked dev fuelled by stims & bulk AI credits to build something truly great imo
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feels good to be free
i am invigorated
time to start building again
FYI i decided to leave @risechain at the end of Q1.
haven't posted about it as i was completely burnt out after 18 months there & needed to touch grass. was the first time i’d been that cooked w terrible sleep patterns, bunch of weight gained & lost all excitement for work.
re health, got bloods done after leaving. turns out i had very low Vitamin D, been making sure to spend at least 30 mins out in the sun a day which has made a huge difference. also start jabbing various 中国 peptides & down ~15kg w the fat still melting off w some other benefits.
outside of health things also been going down the AI rabbit hole. one fun project has been building an org-wide agentic harness for a 40 person startup. a few people in their team were already flying with their own agentic setups with custom skills/automations. others were still using vanilla Claude set up & not getting much value from AI. at an org level personal agents are great individually but they don’t scale & nothing compounds across the org. to help solve this we build one shared harness, users can interact via Slack or MCP & get access to deep context, tools & agents. rolling out to their team now, and it’s already saving days on a number of cross-team workflows. (will post case study soon)
been keeping an eye on RISE, awesome to see how far they’ve come. with RISEx ( & some of the things I helped build) doing over $6B cumulative perp volume and roughly $90M a day. s/o @sam_battenally @hai_rise & team for smashing it. still think native CLOBs on the EVM are extremely bullish as the potential unlock a new wave of money legos is huge.
currently still unemployed but in no rush to commit to anything & somewhat tempted to run back 2021, go founder mode & start something new. if you've got interesting ideas in DeFi or AI, down to chat.
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currently implementing some org wide agentic tools via custom shared harness.
exciting to see what it unlocks & how it’s evolving in real time.
entire team gets first-class context, tools, and workflows that keep improving as more people use it and more skills/tools/context gets added.
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exciting times (as a former RISE employee)
imo lots of fun things to explore for builders + could be quite lucrative too with builder code mechanics
The vision I have for RISE is a thriving financial hub with RISEx as the core engine. The trading engine with a symboitic relationship with the ecosystem apps.
RISEx brings the users, lending markets make porfolio margin and spot market making possible, AMMs offer the liquidation backstop for lending, structured basis products attract LPs and stabilise funding rates, while builder codes bring flow and leverage liquidity.
That’s where we’re headed.
Today marks the MVP launch for the first wave of RISE apps. These apps have been quietly building in the background and are ready to welcome their first users. Please jump in, test them out and give them feedback. They’re all great builders eager to build something special.
You’re a DeFi enthusiast eager to explore? Here's what you can do:
1. Bridge in through the RISE Portal
2. Jump into @Icarus_Fi and @heliosdottrade, LP in to ETH/USDC, XLP/USDR, USDC/USDR, etc
3. Check out RISEx, deploy in to XLP, trade some perps
4. Basis trade: Buy ETH on @Icarus_Fi, Short ETH on RISEx
5. Let @ShiftProtocol_ do the heavy lifting for you with their basis vault.
6. Battle monsters in @4thekingdom_xyz, a complex fully onchain MMORPG
Interested in building on RISE? Drop your details in the form below or open a support ticket on Discord
Builder form: go.rise.trade/eco-form
Discord: discord.com/invite/Erc2agMD6…
NFA - this is what you can do, not advice!
will drop a case study soon 🫡
tech v similar to what @paradigm is building w centaur
p.s. if anyone wants to implement centuar for their team please hmu
i'm keen to give it a spin & compare to custom stuff i've built on top of @NanoClaw_AI
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