Been chasing the bag since 09
BNB
Joined August 2023
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The Quietcrook retweeted
I write most of my posts between 11pm and 2am.
That window works for me because the day is already done and no one is asking for anything.
I tried the same window for a campaign that needed morning replies.
The posts went out. The replies did not.
I never checked what hour the replies actually arrived. I only saw that the output was finished.
That is the cost of treating one working window as finished work.
@2FactorFinance is live on Base and works with Coinbase to bring Kelly-optimized leverage onchain for the same reason.
Bitcoinβs volatility near 60 percent closes the productive band early, so the junior side targets about 1.33x.
Equities near 16 to 19 percent stretch the band past 3x.
One side absorbs the downside first and is paid for it.
The other carries the leverage with no liquidation and no external hedging counterparty.
Tokenized stocks on Base are the cleanest place for that structure.
I joined the Season 1 Points Program. Marks come only from verified social activity, education, and referrals. No purchase, deposit, or holding earns them. Marks have no cash value, cannot be transferred, and give no claim on any token.
When the leaderboard freezes at launch, the top 10 split 1 BTC, paid in cbBTC.
points.2factor.finance/r/h13β¦
Which window do you still treat as finished work? Reply with the hour.
The Quietcrook retweeted
A classmate said I had failed a course. I almost wept. Then I checked the result myself, and I had passed.
What someone tells you is not the record. The record is.
I joined the @2FactorFinance Points Program, which keeps that kind of record. Marks, its points, come only from actions that get verified.
In Season 1 those are social activity, learning tasks and referrals. Spending, depositing or parking money earns no Marks. At launch the leaderboard locks, and the top 10 split 1 BTC, paid in cbBTC.
A Mark is worth nothing in cash and stays with its owner's account.
The product: @2factorfinance offers Kelly-optimized leverage for long holds, near 1.33x on Bitcoin. A senior side is cushioned deeply against falls, while the junior side holds the leverage, pays a premium and faces no liquidation.
On Base, Coinbase and 2Factor work together, and Coinbase's tokenized stocks follow Bitcoin.
See the tasks for yourself through my link (I may earn Marks if you join):
points.2factor.finance/r/ovmβ¦
Have you ever been told you'd lost something, then checked and found you hadn't?
The Quietcrook retweeted
In optometry, a stronger lens is not a better lens. The right one is matched to the eye in front of you.
@2FactorFinance applies that idea to leverage. Its public beta is live on Base, offering Kelly-optimized leverage for buy-and-hold investors: Bitcoin first, then stocks.
Kelly-optimized here means the multiple fits how much an asset swings and drifts, instead of being pushed as high as possible. For Bitcoin, that comes to about 1.33x.
One layer of the design is shielded deeply from falls. The other layer holds the leverage, covers a premium for it and can't be liquidated.
Coinbase works together with 2Factor on Base, with Coinbase's tokenized stocks as the next step after Bitcoin.
I've joined the @2factorfinance Points Program. Season 1 rewards social activity, learning and referrals, and its top 10 split 1 BTC, paid in cbBTC.
Begin with the learning tasks via my link (I may earn Marks if you join):
points.2factor.finance/r/ovmβ¦
When were you last given a prescription or setting stronger than you actually needed?
The Quietcrook retweeted
Nothing counts on the ward until somebody charts it. Good intentions are never billable.
@2FactorFinance built Season 1 on that same instinct. Marks reward verified actions alone.
Their prize table was published before anyone joined. One Bitcoin, split ten ways at close, paid in cbBTC.
Seat one holds 18.2% and seat ten holds 1.8%. The fall down the ladder is engineered.
Every seat freezes once the product goes live. No final-week scramble survives that design. The ending moves wherever launch lands.
Deposits were never going to appear on this chart. Money sitting still is invisible to the scoring, so capital buys nothing here.
The charted lines are specific: social tasks, referrals, the education modules. Everything else is waiting room.
Under the points sits a working product. Base is home. 2Factor Finance carries Kelly-optimized leverage for buy-and-hold investors.
Patient Bitcoin holders run near 1.33x by this arithmetic. Equities are promised far more room when they arrive.
My chart is already open. Referral link: points.2factor.finance/r/y0jβ¦
Choose one line worth chasing this season. Which line is yours? I'll put my signed choice under yours.
The Quietcrook retweeted
A friend once told me I wouldn't score a free throw. I took the shot and it went in.
Talk didn't settle it; the shot did.
The @2FactorFinance Points Program, which I joined, counts the same way. Only actions that get verified earn Marks, its points.
Season 1 counts social posts, education and referrals. Money put in, whether spent, deposited or held, scores zero. At the 2Factor launch the leaderboard freezes, then the top 10 split 1 BTC, paid in cbBTC.
A Mark has no cash value and can't be handed to anyone else.
On Bitcoin, @2factorfinance targets about 1.33x: Kelly-optimized leverage sized for people who hold for years.
One group in its structure gets heavy downside protection. The leveraged group pays for its exposure and is never liquidated.
2Factor is on Base and works together with Coinbase, with Coinbase's tokenized stocks next after Bitcoin.
The free throws here are posts, lessons and referrals, and they all begin at my link.
I may earn Marks if you join through my link:
points.2factor.finance/r/9bpβ¦
When did you last prove someone wrong by doing the thing instead of arguing about it?
The Quietcrook retweeted
A tyre carries two numbers on the sidewall. The size tells you it fits the wheel. The speed rating tells you what it survives. Same size, different rating, and fitting the wrong one is not a fitting problem. It is a failure waiting for a fast road.
Leverage products only ever print the first number.
@2FactorFinance just opened Public Beta on @base, working with Coinbase, and that second number is the whole announcement. Kelly-optimized leverage for buy-and-hold investors. First Bitcoin, then stocks.
The design stops sizing by fit and starts sizing by behaviour. Volatility is split into two perpetual sides. The senior side sits behind deep downside protection and receives the premium.
The junior side carries the leverage, holds no liquidation risk, and needs no outside party hedging against it. The premium the junior pays for that exposure is what the senior side receives.
So the rating changes with the asset, because what an asset survives is not a matter of taste. Bitcoin near 60 percent volatility keeps the junior around 1.33x.
Equities at 16 to 19 percent leave room well past 3x. Gold lands near 2.35x, the S&P near 2.1x. Bitcoin is the hardest case for the mechanism, which is exactly why it goes first rather than last.
A rating only earns its keep on a long road. Any leveraged position held for months has to survive volatility drag, which is mathematical, and financing drag, which is the cost of the money behind the exposure.
A structure with no liquidation can be held. That is the difference between owning a position and renting one by the hour.
Season 1 of the Points Program rates the same way, on what you did rather than what you hold. Marks come from verified actions only: social activity, education and referrals.
Buying, depositing or holding earns none of them. The ten highest accounts split 1 BTC, paid in cbBTC, on a fixed curve from 18.2 percent at rank 1 down to 1.8 percent at rank 10. Marks have no cash value, are not transferable, and are not a claim on any token or asset.
Fit yourself out here: points.2factor.finance/r/4kzβ¦
Reply with one number: what is the number you wish a product had shown you before you bought it?
The Quietcrook retweeted
Onchain leverage has never lacked buyers. It has lacked lenders who actually want to be lenders.
The usual version borrows from a short seller. A short is a position held reluctantly, paid for monthly, closed once it stops being worth it. Build a five-year structure on that and you have built it on someone else's patience.
@2FactorFinance replaces the short with a second holder of the same asset, splitting volatility into two perpetual tranches. The junior side wants the path amplified. The senior side wants it muted, and is paid a premium by the junior for standing underneath the downside. Where conventional borrowing charges what a short seller demands, this charges what stable capital will accept.
Which tells you who the senior side is for: someone who would otherwise sit in stablecoins and thinks onchain leverage is a casino. That buyer does not move for a slogan. She moves when the structure is explained. Good reason for a program that pays for explanation rather than reach.
The mechanism is Kelly-optimized leverage, in public beta on Base with Coinbase, aimed at its tokenized stocks. Bitcoin runs on testnet first, and multiples are set per asset rather than per fashion. I'm in Season 1 of the Points Program, which pays Marks for social activity, education and referrals. Buying or holding gets you none. It ends at launch, the board freezes, and the top ten take 1 BTC in cbBTC, from 18.2 percent at the top to 1.8 at the bottom. Marks carry no cash value, cannot be transferred, and give no claim on any token.
Season One, if you want in. The program is @2FactorFinance's, and my link is below:
points.2factor.finance/r/0drβ¦
If you were parked in stablecoins, what would you need explained before you took the protected side?
The Quietcrook retweeted
Leverage has two costs. Math charges one. The capital charges the other.
Volatility drag is arithmetic. It is what compounding does to a leveraged position when the path is rough, and no product negotiates it away. Financing drag is a payment: the price of the capital behind the exposure, set by whoever supplies it. Conventional leverage borrows the short market's balance sheet, so that cost moves with short sellers' appetite.
@2FactorFinance's public beta on Base changes who supplies it. The leverage is sourced from investors seeking stability instead of the short market, and sizing is asset-specific, derived from each asset's drift and volatility so the arithmetic side is respected rather than ignored. First Bitcoin, then stocks, working with Coinbase's tokenized stocks ecosystem. The exposure splits into a protected side and a leveraged side with no liquidation line and no external hedging counterparty.
One cost was always fixed. The other was always a choice. That is the part this beta rewrites.
I joined the Points Program to watch it. Marks come only from verified social activity, education and referrals. When Season 1 freezes at launch, the top 10 split 1 BTC, paid in cbBTC. Marks have no cash value, cannot be transferred, and are not a claim on any token or asset.
The link is mine: if you qualify through it, I may earn Marks. points.2factor.finance/r/3q3β¦
Which cost would you redesign first, the one math charges or the one the capital charges?
The Quietcrook retweeted
Last Saturday at 10:18am I measured 400ml of palm oil once and poured it into both pots.
I walked away.
I only went back because the frying pot started to smoke at 10:30am. The oil was already a film. The stew pot still had oil covering the surface at 10:58am.
I had measured once and treated both pots as if they would burn at the same rate.
That is the cost of sizing by the first reading instead of by the heat each pot actually runs.
@2FactorFinance is live on Base and works with Coinbase to bring Kelly-optimized leverage onchain for the same reason.
Bitcoinβs volatility near 60 percent closes the productive band early, so the junior side targets about 1.33x. Equities near 16 to 19 percent stretch the band past 3x.
One side absorbs the downside first and is paid for it. The other carries the leverage with no liquidation and no external hedging counterparty.
Tokenized stocks on Base are the cleanest place for that structure.
I joined the Season 1 Points Program. Marks come only from verified social activity, education, and referrals. No purchase, deposit, or holding earns them. Marks have no cash value, cannot be transferred, and give no claim on any token.
When the leaderboard freezes at launch, the top 10 split 1 BTC, paid in cbBTC.
points.2factor.finance/r/j50β¦
Which volume did you measure once and then leave? What finished first?
The Quietcrook retweeted
I once took a loan, counting on my brother's word that he would send me money. He kept his word, but my plan rested on someone outside it.
Leverage usually works like that loan. Its safety depends on a party you don't control.
@2FactorFinance has opened its public beta on Base. It offers Kelly-optimized leverage for buy-and-hold investors, Bitcoin first, then stocks.
Two groups hold each asset's volatility. The leveraged group carries the extra exposure and pays the other group for that leverage, while the other group gets heavy protection when prices fall.
That leveraged group needs no outside hedger and is never force-closed at a set price. On Bitcoin its Kelly-optimized size, picked for the strongest long-run compounding, is about 1.33x.
2Factor and Coinbase are working together on Base, aiming at Coinbase's tokenized stocks after Bitcoin.
I joined the @2factorfinance Points Program. Its Season 1 prize is 1 BTC in cbBTC, split by the top 10 on the leaderboard. The actions that count are social posts, learning and referrals.
The education tasks cover both groups, starting from my link.
I may earn Marks, the program's points, if you join through my link:
points.2factor.finance/r/9bpβ¦
Have you ever held a position that only worked because someone else kept their word?
The Quietcrook retweeted
My Sunday ritual was managing 3x BTC products. Spread concerns, Asian session timing, the frustration of missing a trade because I was forced out by the clock, not the market.
I treated leverage like a setting I could dial up. It is not. It is a price.
Two forces compound against leveraged holders: volatility drag measured in movement and financing drag measured in time. At Bitcoin volatility near 60 percent the band closes early which is why the junior targets about 1.33x and why 2x and 3x BTC products decay over long horizons. At equity volatility near 16 to 19 percent the band extends well past 3x. The research runs the numbers at roughly 2.35x for gold and 2.1x for the S&P 500. Bitcoin is the hardest case for the mechanism not where it ends.
2Factor Finance partitions an asset's volatility into two tranches a yield bearing senior with deep downside protection and a capital efficient leveraged junior with no liquidation risk and no external hedging counterparty. Senior yield is the premium junior holders pay for leverage. Conventional leverage is priced against the cost of shorts. 2factor prices it against the cost of stable yield which is structurally cheaper and more predictable.
I joined the @2FactorFinance Points Program. Marks are earned from verified actions only. No purchase deposit or holding earns Marks. Season One ends when 2Factor Finance launches at which point the leaderboard freezes. The ten highest ranked accounts split 1 BTC paid in cbBTC on a fixed rank curve from 18.2 percent at rank 1 down to 1.8 percent at rank 10. Marks have no cash value cannot be transferred and are not a claim on any token or asset.
If you want to follow the mechanism rather than the outcome join here points.2factor.finance/r/rk5β¦
What part of conventional leverage has cost you a trade you were actually right about?
The Quietcrook retweeted
My first generator was rated 3.5 kVA. Six weeks in, the compressor began stalling. The sticker was a peak rating. My load was continuous. Nobody at the shop explained the difference.
Leverage is sold the same way. A 2x or 3x is printed on every asset as if the thing underneath did not change the physics. Volatility drag does the arithmetic, financing drag charges the rent.
@2factorfinance sizes the multiple instead of printing it. Volatility splits into two perpetual sides. The senior side is protected against deep drawdowns and collects the premium. The junior side carries the leverage and pays it, with no liquidation risk and no outside counterparty hedging it. It cannot be liquidated. It can still lose money.
The multiple follows the asset. Bitcoin near 60 percent volatility supports about 1.33x on the junior, which is why 2x and 3x BTC products grind down. Equity volatility near 16 to 19 percent leaves room past 3x, roughly 2.35x for gold and 2.1x for the S&P 500.
The public beta went live on Base in September: Kelly-optimized leverage for people who hold, Bitcoin first, stocks next. The Bitcoin markets sit on testnet, the right place to prove the hardest asset first. 2Factor works with Coinbase, and the tokenized stocks ecosystem is exactly what this structure fits into.
I joined Season One. Marks come only from verified actions, deposits and holding earn nothing. The top ten split 1 BTC in cbBTC, 18.2 percent at rank 1 down to 1.8 percent at rank 10, and the board freezes at launch. Marks are not money, not transferable, not a claim on any token.
Season One: points.2factor.finance/r/4kzβ¦
One word, and I will reply to every answer. Which side would you hold for five years, senior or junior?
The Quietcrook retweeted
The most useful question about a leverage product is not how big the multiple is. It is who pays for the other side of it.
Most onchain leverage is priced against the cost of shorts. That is why it becomes expensive and unstable exactly when you want to hold it for months rather than days.
@2FactorFinance prices it against the cost of stable funding instead, which is structurally cheaper and more predictable. Same exposure, different funding base.
Then the structure. An asset's volatility is split into two perpetual tranches. The senior side carries deep downside protection and earns the premium. The junior side carries the leverage, with no liquidation risk and no external hedging counterparty.
Sizing follows the asset, not a template. At Bitcoin volatility near 60 percent, the band of leverage ratios where compounding still works closes early, so the junior targets about 1.33x. That is why 2x and 3x BTC products decay over long horizons. At equity volatility near 16 to 19 percent the band extends well past 3x, with research numbers around 2.1x for the S&P 500 and 2.35x for gold. Bitcoin is the hardest case for the mechanism, not its final home.
It runs on Base and works with Coinbase to bring Kelly-optimized leverage to tokenized stocks, which arrived onchain as assets with no capital structure around them.
I joined Season 1 of the Points Program. Marks come from verified actions only: social activity, education and referrals. Buying, depositing or holding earns none. Marks have no cash value, cannot be transferred, and are not a claim on any token.
Season 1 closes when 2Factor launches, and the leaderboard freezes. The top ten split 1 BTC, paid in cbBTC, on a fixed curve from 18.2 percent at rank 1 down to 1.8 percent at rank 10.
If you had to pick one asset for this to prove itself on first, would you choose the easiest one or the hardest, and why?
I am in for Season 1. If you want in too, my link is here:
points.2factor.finance/r/hteβ¦
The Quietcrook retweeted
Last Tuesday at 9:14am I opened a leveraged position because a friend had been in the same size since Monday night.
I assumed the move still had room because he was still holding.
By 2:47pm the reverse had already started.
By 6:03pm I was staring at a liquidation price I never planned to see.
Same asset. Same multiple.
The only difference was that I entered after the room had already been taken.
That is the cost of sizing by someone elseβs position instead of by the assetβs own burn.
@2FactorFinance is live on Base and works with Coinbase to bring Kelly-optimized leverage onchain. Each asset gets the multiple its own volatility can support: Bitcoin around 1.33x, equities well past 3x. One side absorbs the downside first and is paid for it. The other carries the leverage with no liquidation and no external hedging counterparty. Tokenized stocks on Base are the cleanest place for that structure.
I joined the Season 1 Points Program. Marks come only from verified social activity, education, and referrals. No purchase, deposit, or holding earns them. Marks have no cash value, cannot be transferred, and give no claim on any token. When the leaderboard freezes at launch, the top 10 split 1 BTC, paid in cbBTC.
points.2factor.finance/r/j50β¦
Which position did you enter because someone else was still in it? What did the timing cost you?
The Quietcrook retweeted
The best argument for this product is that it makes a bad screenshot.
Leverage usually sells a number. 100x. 50x. The bigger the number, the better the poster. @2FactorFinance goes the other way. Kelly-optimized sizing puts the Bitcoin target near 1.33x, because at roughly 60 percent volatility that is where holding stops working against you. Nobody screenshots 1.33x.
It is also the number that survives. The multiple comes from each asset's own drift and volatility rather than being picked for effect. Junior exposure carries no liquidation risk. The senior side stands underneath it and is paid a premium for doing so. None of that is exciting, and excitement is usually what costs you the position.
Which is why the Points Program's Season 1 rewards explanation rather than deposits. Marks come from three activities: social, education and referrals. Buying, depositing or holding earns nothing. If the case for this product could be seen at a glance, paying people to explain it would be wasted money.
I joined. The season closes when the product launches and the board freezes. The top ten then split 1 BTC paid in cbBTC: 18.2 percent of it to first place, 1.8 to tenth. Marks are not money, cannot be transferred, and give no claim on any token. The beta runs on Base, with Coinbase's tokenized stocks as the next market and Bitcoin on testnet first.
Season One, if you want in. The program is @2FactorFinance's, and my link is below:
points.2factor.finance/r/0drβ¦
Would you rather hold 1.33x that survives a bad year, or 3x you have to watch every day?
The Quietcrook retweeted
Every leverage product sends a bill. Almost none tell you who really pays it.
Hidden funding rates, swap fees, a slow decay: the invoice exists, just buried.
@2FactorFinance shows its books.
β’ Risk is cut into two perpetual tranches
β’ Senior: the shielded slice, where the junior's fee winds up
β’ Junior: the boosted portion, with no liquidation trigger and nobody hedging against it
Common setups are priced off shorting costs. Here the basis is stable yield, cheaper and calmer.
Each asset receives a custom multiple of its own from its trend speed and how wildly it swings. Bitcoin, near 60 percent volatility, lands right around 1.33x; stocks, at 16 to 19%, run past 3x. Base is the home; the crypto leg is on testnet.
Season One, in plain terms:
β’ Earned through checked actions: writing, studying, inviting
β’ Balances score zero too
β’ The program closes at launch, freezing the board
β’ The leading ten ranks share 1 BTC, paid as cbBTC: 18.2% for first, 1.8% for tenth
Marks hold no cash value, can't move across accounts and do not represent ownership of any token.
What I'm watching: whether the geared side survives a long slump. That is the only test that matters.
Drop a single number: the most gearing that coin can carry for a decade without fading. The design already has one; poke it. Best case earns a reply from me.
My invite (I benefit if you qualify):
points.2factor.finance/r/su8β¦
The Quietcrook retweeted
I read the 2Factor mechanics twice before I noticed the published targets do two jobs at once.
Every published leverage target is an answer someone can invert.
Kelly sizing solves one equation: exposure k = ΞΌ / ΟΒ².
Show the multiple and the input behind it shows too. The table below runs it backwards on the two published figures.
1.33x for cbBTC at 60 percent volatility implies drift of roughly 48 percent.
2.1x for the S&P 500 at about 18 percent volatility implies roughly 6.8 percent.
Both are plausible for their assets. Both are also load-bearing numbers a marketing page would normally bury, and inverting them is the cheapest audit available to anyone outside the team.
The error surface differs by asset, which is the part worth keeping.
Because k = ΞΌ / ΟΒ², a one point mistake in drift moves the BTC target by 0.028x.
The same mistake moves the equity target by 0.31x.
Bitcoin's fragility sits in how much drift has to be true. An equity target's fragility sits in how far it travels when the estimate misses.
A flat 2x on BTC quietly asserts 72 percent drift. That is why those products decay over long holds.
@2FactorFinance builds structure around that instead of assigning numbers.
Volatility is partitioned into two perpetual tranches. A senior side holds deep downside protection and receives a premium. A junior side carries the exposure with capital efficiency, no liquidation risk and no external hedger.
Leverage is priced against the cost of stable capital rather than the cost of shorts. The mechanism is volatility-specific, not Bitcoin-specific.
BTC is the hardest case, which is why it is the proving ground. The beta is live on Base beside Coinbase's tokenized-stock ecosystem, where tokenization solved distribution and left structure unsolved.
Season 1 pays Marks for verified actions only: posting, education and referrals. No purchase, deposit or holding earns any.
It ends when the product launches and the leaderboard freezes. The top 10 then split 1 BTC paid in cbBTC on a published curve from 18.2 percent at rank 1 to 1.8 percent at rank 10.
Marks have no cash value, cannot be transferred and are not a claim on any token or asset.
Every figure above is a model input read off the published mechanics, not a forecast, and not advice.
Join Season One if you want to check the arithmetic yourself (referral, I may earn Marks):
points.2factor.finance/r/3zsβ¦
Reply with one word: drift, or financing?
The Quietcrook retweeted
Salt makes a dish better right up to the pinch that ruins it. The right amount is set by the ingredient, not by how much flavour you want.
Fish takes very little. A pot of rice takes a lot. And you cannot take salt back out once it is in. Leverage has the same shape.
There is an amount that helps, the ingredient decides it, and for Bitcoin the ceiling is roughly 1.33x. Most products salt everything at 3x and let volatility drag do the tasting, months later, when the position is flat and the chart is not.
2Factor Finance tastes the dish first.
The leverage is Kelly-sized per asset, it runs on Base alongside Coinbase, Bitcoin comes first with tokenized stocks behind it, and the junior side cannot be liquidated.
I am in Season 1 of the Points Program at @2FactorFinance. Marks there come only from verified social, education and referral activity, and the top 10 on the leaderboard share 1 BTC paid in cbBTC.
Anyone who joins through my referral lands on that same leaderboard: points.2factor.finance/r/i06β¦
If Bitcoin takes 1.33x, how much would you give a tokenized Nvidia, how much a tokenized S&P 500, and which position have you oversalted the worst?
π€ Paid partnership
The Quietcrook retweeted
Most leverage products ask how much you want. Kelly asks how much the asset can carry, and those are not the same question.
Kelly sizing sets exposure as edge divided by variance. As volatility rises, the fraction the maths supports falls. Run that against Bitcoin at roughly 60 percent annualised volatility and the productive band closes early, which is why the junior target lands near 1.33x and why 2x and 3x BTC products decay over long horizons. Run it against equities at 16 to 19 percent and the band extends well past 3x, with the research putting the S&P 500 near 2.1x and gold near 2.35x.
That is the idea behind @2FactorFinance, whose public beta is now live on Base for buy-and-hold investors. Kelly-optimized leverage, starting with Bitcoin and then stocks, built with Coinbase to give tokenized stocks a capital structure they never had onchain. BTC markets are live on testnet.
Two things separate this from a leveraged token. Exposure splits into a senior tranche with deep downside protection and a junior tranche that takes the swings, with no liquidation risk and no external hedging counterparty. The junior pays the senior for that protection, so leverage is priced against the cost of stable capital instead of the cost of shorts. And because the target is derived from each asset's drift and volatility, there is no company-wide multiple applied to everything.
Bitcoin is the hardest case for this mechanism, not its natural home. Risk does not disappear here. It gets repriced and it stays visible.
I joined Season One of the Points Program, where Marks come from verified actions: social activity, education and referrals. Buying, depositing or holding earns nothing. Season One ends when 2Factor launches, the leaderboard freezes, and the ten highest-ranked accounts split 1 BTC, paid in cbBTC. Marks have no cash value, cannot be transferred and are not a claim on any token or asset.
If you join through my link and qualify, I may earn Marks: points.2factor.finance/r/lavβ¦
One question for anyone who sizes positions: would you set the multiple from the asset's volatility or from your own conviction, and which asset would you test first?