RFQ based liquidations needs to be the future. All liquidations reviewed in the last week on @flyingtulip_ either closed the position at dollar for dollar parity or in some cases, the RFQ filled with positive price, meaning less debt seized. The standard liquidation flow is; Position becomes liquidatable Repay x amount of debt Claim collateral Because the above is not market aware it has to make some assumption around liquidation bonus to make it potentially attractive in high friction markets. FT's flow is; Position becomes liquidation. Engine creates an RFQ offer to sell collateral for minOut debt. Best quote fills This means almost no haircut / liquidation penalty for the user, $ for $ repayment, and only the minimum amount to return to healthy. If this was a normal trade and not RFQ, MEV Would likely fill at exactly minOut (which would have the same impact as liquidation bonus), however since RFQ can have multiple offer submissions, the prot

RT @teslaownersSV: “Sometimes I wonder, maybe everything is conscious, or nothing is conscious. I prefer the former; it just seems more fun.” – Elon Musk https://t.co/WLHHjAaz6n

@jawwwn_ 🎯

@lthlnkso ❤️🚀

@Kristof_Poland Yeah

@nickshirleyy Wow

@btc_overflow 😂

RT @btc_overflow: Will Barron's re-run the same photo of Michael Saylor 2 years later at new $MSTR ATHs declaring his victory like the WSJ did?

China is going to scale nuclear tech and robotics 10x faster than the west and its not even close

RT @AviFelman: I’ve been in the “industry” since I graduated college in 2017. I bought my first Bitcoin in 2013. I am the last person who wants to rail on Bitcoin. Unfortunately, I owe it to myself and to my followers to just be realistic about the future. I often get it wrong, but I try my best to think things through.. The base premise is the risk reward for it has radically changed. Anyone saying that it hasn’t is likely lying to you, or has an ulterior motive and is just trying to sell you something. When an asset grows to a multitrillion valuation, gets co-opted and integrated into the banking system, and also is mostly driven by a single name (Saylor) you should probably start to question whether it offers you the same risk adjusted returns as it did in the past. Questioning your priors is a key part of being an investor. When you have the world genuinely developing technologies that are going to radically reshape our future, perhaps Bitco

RT @cb_doge: Neuralink 🧠✨ How it started v/s. How it's going https://t.co/328yUwaH4X

This is how USAID spent your tax dollars

RT @jameslavish: That's a wrap. Another institutional investor quarterly rebalancing is now behind us, with portfolio managers dumping anything currently out of favor (Bitcoin related) and adding anything currently sexy (microchip and AI-related) in order to dress up portfolios for show. Excited to see what next quarter brings.

@AndrewKerrNC @realJeremyCarl Wow

Just hardcore engineering

@WhiteGirl1776 Execution