Seraphim

been exploring crypto options and found out that @Bullish has a really good options exchange
spreads are quite competitive on most maturity and strikes

EA freaks telling us whats right/wrong while lobbying for regulatory capture
we’ve seen how this plays out before

move slowly and intentionally most of the time
once you get a clean shot at exponential growth, run with it as fast as you can

in a filing yesterday, Goldman Sachs reported owning 3,590,661 shares of the Grayscale Solana Staking ETF (GSOL) as of June 30, valued at $19.9 million.
that’s a new position after reporting no Solana ETF exposure the previous quarter.
Goldman is back in SOL.
Filing:

seeing a lot of instagram posts taking off quoting X posts from CT ppl
we are really good at staying relevant even when everything is down

so memes are back

looked at the list of people who blocked me on X
almost all involved in some scam, lawsuit or generally obnoxious people
i am really good at pissing off scumbags

the truth is defi sucks rn
the yields are low, there is too much risk of hacks or getting your funds stuck
but times can change quickly. rates can quickly go back >15%. and if you lp in a good pre-TGE project it could take you >100%
the optimal solution now is to reduce DeFi allocation but not fully so you can get in quickly if the market heats up

was it easier to make money in crypto in 2021? maybe.
the goal however isn’t to make easy money.
it’s to develop skills that allow you to consistently make money
whether you are a builder, trader, creator or investor, knowing you have the ability to adapt and thrive in any environment instills a feeling of abundance.
hitting the lottery once will always make you wonder if you’re just a one trick pony

so how is tempo doing

golf must be the most overrated boomer sport in existence
it’s boring af but people pretend they like it because it’s an “elite” thing to do

the best thing about working at solana is that i learn about how amazing this ecosystem is
if i start my own project it will definitely be on solana

been in crypto for 5 years now
so blessed. much more to accomplish ahead

a solana perp dex that settles outside of solana is a bit like a l2
and we know how that played out in ethereum’s case
this is why a perp dex that settles directly on solana is, all things equal, preferred

woke up to some solana drama

happy birthday singapore 🇸🇬
proud to call you my home

the difference in service between europe and asia is worlds apart. you see it in every day interactions
you walk into a restaurant and it’s full. the waitress says it’s fully booked, but you see free tables
you ask her: what time is that table reserved for? I’ll probably be done before that
in asia the reply is typically: if you’re done in 45 mins no problem, have a seat
in europe they get offended and tell you nothing can be done, who are you to even ask
needless to say, in asia they solve problems. in europe they are offended they have to work

the hottest position in crypto rn is head of apac trading
if you speak mandarin/korean, have good relationships with apac traders, you can charge anything

been aggressively cultivating relationships with market makers over last 4 months
with the goal to push them into the top solana projects.
if you are a project trying to onboard them, here’s what you need to offer them:
- non toxic flow (retail)
- rebates
- clear leaderboard and allocation calcs
- markets they can hedge somewhere else (most prediction markets are a no go)
- a relationship with a big entity like solana foundation, tether etc (help them with bd through your product)
- an airdrop that will be worth something**
the later is the most important one. a market maker will quote if th