0xLoki

0xLoki

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The end of arbitrage is losing everything in one go. twitter.com/0xLoki_Zeng/status...

Let me list some data and make a bold statement: 1/ Last week, the average daily active addresses for X Layer was 4004, a decrease of over 50% month-on-month. 2/ Chain TVL has improved, but the actual source is that the official team deployed 6 million units of liquidity to Uniswap, mainly in ETH and SOL pairs. If this data is excluded, user assets are constantly flowing out. Refer to L2 Beats; stablecoins saw an outflow of approximately 30% per month, with an 8.5% outflow last week. (I don't understand this logic; what kind of users would want to trade ETH and SOL on X Layer?) 3/ In the past month, no new memecoins with a FDV exceeding 1 million have successfully launched on X Layer (excluding 99% highly controlled schemes). A few older memes are struggling to survive. 4/ Curve has been deployed on X Layer for at least a year, but its front-end X Layer trading volume is consistently not displayed; no one has fixed it or paid attention. I wonder if the team that pushed Curve's deployment has paid attention to the subsequent data. 5/ X Layer lacks prediction markets, RWA, and on-chain perks. It once had a meme launchpad, but it was considered outdated. Perhaps using Uniswap on X Layer to trade Solana Tokens is the real user need.

X Layer 起步相对较晚，但必须走过基础设施和生态建设的必经之路。这类事情需要时间，也只能交由时间来验证。X Layer 一直是 OKX 的核心战略之一，我们将与社区一起长期投入、共同成长。 x.com/web3a99/status…

Super Bowl betting is now embedded on Twitter. Imagine if @Polymarket, @Kalshi, or any other prediction market were added here, and you could place bets directly using USDT.

CEX, wallets, and on-chain Perp launch gold and US stock trading. This isn't a regression for the industry, but a **huge leap forward**! Yesterday, my mom asked me: Is it still okay to buy gold? I suddenly realized that if she's determined to buy, what options do she have: 1/ OTC ETFs (like Alipay): Management fees, at least a one-day confirmation and redemption period, and not available for immediate trading. 2/ Exchange-traded ETFs: Good everywhere, but a bit complicated for complete financial novices. 3/ Physical gold from offline gold shops and banks: Price differences, large slippage, Shuibei is slightly better. 4/ Online shady platforms, like JWRui, which could disappear at any time. But if she goes through Crypto, she only needs to: 1) Open an account 2) Deposit funds 3) Buy. The operational difficulty is **no different** from shady platforms like JWRui, but it offers better security, more convenient trading, 24/7 trading, and global circulation. If this is the case for an asset with a well-developed market and relatively convenient trading, then what about silver, US stocks, or even Japanese and emerging market stocks? The potential is even greater. For CEXs and similar projects, enabling a novice user (especially in financially regulated regions) to buy gold and other global assets within 5 minutes is **the only product logic**.

The non-hedge fund in Hong Kong that dumped IBIT shares was clearly not Li Lin. It's highly unlikely that Li Lin would have leveraged such a small amount of money.

Today, the rewards for the Binance WLFI and ListaDAO events were distributed. I roughly calculated them out. The reward for USD1 has decreased slightly, from 19% to 15%, but according to the previous arbitrage path... 1/ Provide 108,000 U-USDT LP as margin, and borrow 100,000 USD1 2/USD1 was deposited entirely into a leveraged account on Binance, and 50,000 USDT was borrowed. 30,000 to 50,000 USDT deposited into Unitas Based on actual testing, after deducting wear and tear, the first week's profit was 580 USDT, with an annualized return of 28%, and the second week's profit was 500 USDT, with an annualized return of 24%. By the time the event ends, we'll have the funds to buy the dips.

The rewards from both the Binance WLFI and ListaDAO events have been distributed. The reward for USD1 has decreased slightly, from 19% to 15%. However, following the previous arbitrage strategy, 108% of U-USDT LP was used as margin, and 100% of USD1 was borrowed. All USD1 was deposited into a leveraged account on Binance, and 100% of that USDT was borrowed. USDT deposited into Unitas Based on actual testing, after accounting for wear and tear, the annualized return was 28% in the first week and 24% in the second week. By the time the event ends, we'll have the funds to buy the dips. twitter.com/0xLoki_Zeng/status...

Regardless, the opportunities in BTC starting with 6 still outweigh the risks. If 95,000 is comparable to 55,000 during the Dragon Boat Festival in 2022, and the 21,000 before the FTX collapse was close to a major bottom, then it's roughly around 50,000. Using a pyramiding buy the dips, starting at 6.5, even if you buy at 30,000, it'll still be quite comfortable. If a rebound starts here, you can probably add 20% of your position and take control. If this isn't the bottom, pyramid up to 30,000 and get BTC at an average price of 45,000-50,000. Are you still afraid of being trapped? BTC will eventually recover its losses, but altcoins are less certain.

Surprisingly, Monad was the most resilient to price drops.

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