Santisa
@Tiza4ThePeople
Professional risk manager // contributing to @Sparkdotfi⚡️ // CIO @Luciditycap
Agree with all of this. Would also add: keeping part of your wealth physically accessible. Full reliance on the government (through RE, stocks, exchanges, etc) means you may find yourself zero’d out due to a mix up, an accident or even just international politics.
rules 1. never talk shop with normies 2. live simple 3. never talk about your personal life, or your vices 4. someone asks what you do, you're a software developer 5. keep your funds dispersed 6. don't believe in yourself. believe in a well defined process you follow
I think there are 3 types of blockchain-based investments: 1. Bitcoin 2. Onchain companies 3. Vapourware coins Moving forward, I expect that we'll stop bundling these 3 together as "the crypto industry". There's *a* crypto asset, and it's called Bitcoin. All other attempts at…
I find it interesting that people love to play fund manager, even when there are dire consequences for doing it poorly. It's hard for me to keep my own personal portfolio optimized as I'm busy with work, and my work literally is as an asset allocator. Non-finance people…
Has strong beliefs, willing to change them when presented with new information.
If you hold funds in the HyperLiquid exchange, please be aware that they hold no exogenous insurance funds. If you're in the HLP, please be aware that you might be the insurance fund.
Pretty crazy for a novel perp exchange to choose buybacks instead of building an insurance fund. Bybit immediately plugged the $1.5B they stole through Safe UI. Could they? The “assistance fund” is purely endogenous collateral.
TBF I can't even be mad at Alon. Don't hate the player, hate the game. People willingly gave $600m to the casino owner on weak hints at some form of revenue sharing through a token that holds no direct ownership of the platform. $0.
Q: What's your plan after raising $1.3b? A: What do you mean? The entire plan was to raise $1.3b
I remember my first job 10 years ago. I used to work at a bank doing bullshit admin stuff, and would check the clock every 10mins waiting for the time to leave. Nowadays, I love my job and race time to get as much work as I can before my brain starts to shut off. Some people…
Markets can be inefficient in the short term, but never in the long term. Add value, get rewarded. It really is that simple. Bullish onchain businesses.
This is not something that we can do at Shift because it cannot be part of our "mandate", but an excellent delta neutral strategy I have personally executed, since @Tiza4ThePeople joined Spark (very bullish!) is: - farm $SPK using spot $SKY at Sky Money 20% (now 43%) - short…
18 days queue to unstake ETH from Lido. What gives? trading -29bps from par right now. Lending market supply rates +14% APR
