co-founder @harmonic_gg @temporal_xyz
0x300000000
- Tweets 3,325
- Following 1,973
- Followers 2,867
- Likes 15,259
I earned $1.4M in arbitrage profits on Solana using time travel arbitrage.
Solana's on-chain state is 3 hours in the past, I simply buy assets on-chain at prices 3 hours ago, move them to a CEX and sell them at current prices.
8
10
152
At 16:50 ET and the subsequent 25 minutes, Nozomi processed over 7.5M transactions with a >40% landing rate, and a 0 p50, and 3 p90 slot latency.
Nozomi was launched exactly a year ago, and today it processes hundreds of millions of transactions daily with same slot latency, it is the fastest, cheapest and most reliable execution layer on Solana today.
Incredibly proud of the @temporal_xyz team, and extremely excited for the future.
23
23
118
52,781
Liquidations Incident Report on @marginfi 🧵
1/ The Solana network experienced heavy congestion at the beginning of April, which severely impacted oracle liveness.
10
14
99
61,691
psa: birdz aren't real, i'm not real, i'm a bird
@thugbirdz @thugDAO @DooragDAO
special thanks to @0x_thug for hooking me up!
17
11
93
Incredibly excited to announce a project that synthesizes years of expertise we've built in this space.
We've been with Solana since the first DeFi projects, and today we're watching it accelerate toward its original vision of becoming a decentralized NASDAQ. We're thrilled to have the opportunity to help shape the future of internet capital markets.
Today we’re launching Harmonic, an open block building system optimized for validator revenue and throughput, built to make @solana faster, fairer, and more competitive.
Solana wins with performance and open, fair markets.⤵️
9
8
84
7,236
Program immutability only works because a majority of the validators chose to enforce it. Not enforcing it with a hard fork to unblock more blockspace is completely reasonable.
66
14
351
🇺🇸🇺🇸🇺🇸
Today, I'm thrilled to announce that @temporal_xyz has made the decision to move its core operations to the United States of America.
Furthermore, we are opening our first office in New York City.
It's a decision that naturally makes sense for us as one of our incredibly talented team members had their O1 visa approved last month, and the new administration has given additional key signals that, rather than be systematically hunted, our companies and founders will be supported.
64
15
3,850
110 punishes efficient high frequency OPOS applications like @PhoenixTrade and promotes archaic tools like @orca_so, giving users worse execution bc of wider spreads and higher fees -- local fee markets don't work, and should be fixed by fixing the scheduler and quic jitter.
SIMD-110 is one of the most interesting economic proposals we've seen to date on Solana. If implemented, it could introduce an EIP-1559 style mechanism for state write lock fees, while reducing incentives to send non-executing transactions
github.com/solana-foundation…
6
7
49
13,873
It would probably be much cheaper for governments to fund workout-to-earn programs than paying for treatments for preventable diseases.
2
2
37
Yeah that doesn’t really justify stealing the established brand. Cutting out the attributes and generating new combinations is trivially simple compared to building this from scratch. These are cheap cash grabs and shouldn’t be tolerated by the community.
1
40
Nozomi now supports a new faster submission endpoint, great for edge users on unreliable networks!
- No CORS preflight
- No JSON
- No base58
- No payload overhead
- No response body
Check it out!
use.temporal.xyz/nozomi/tran…
7
4
44
9,029
Where is the @cavemanloverboy credit?
1/ SIMD-0266: Efficient Token Program, authored by @0x_febo, propose replacing the current SPL token program with a new compute optimized version called p-token. The upgrade will reduce Token program CU usage by up to 98%. Here’s how it works 🧵
1
2
43
3,772
Nozomi tip program has the lowest compute unit profile on Solana at 22 CUs. Courtesy of @cavemanloverboy
1
3
39
34,203
The specific portfolio had a number of assets using non-pyth oracles which experienced a congested period.
Pyth oracles never became stale
6
11
36
3,955
Wait so mango insiders start a trading firm, at the same time a mystery man buys MNGO from the FTX estate. Now mango insiders and the FTX man have pushed through a proposal that lets disproportionately them sell MNGO to the mango dao at a higher than market price?
3
1
30
5,663
Did you disclose that you are a CTO of a private blockchain company?
Are people aware you of your financial interests of public blockchains being inaccessible to businesses? web.archive.org/web/20180213…
1
1
28
Vax is nothing more than risk management. You are decreasing your chances of getting and being rekt by it, and collectively we are decreasing the chances of overrunning our healthcare. The crypto community needs to stop being dogmatically anti society.
4
25
It also leaves a much bigger trail of corpses and a long hospital bill.
Vaccination is still the most safe and cost effective tool to get enough immunity to return to normal life.
1
27
Anyone that missed the BLZE emissions on @marginfi can now claim them on claims.marginfi.com/
1
4
21
10,633
2/n Its as if, as soon as the conversation leaves the framework of their narrative, the pre-digested talking points don't work anymore.
The hosts are incapable of offering anything beyond immediate reflections or tangential anecdotes to nuanced responses by @toly.
1
24
958
At @marginfi we've prepared 3 GitHub actions for working with Solana programs.
Go give them a spin.
github.com/marketplace?type=…
5
25
hl isn't winning perps because of market structure alone
solana perps aren't behind because of market structure alone
4
28
2,248
No builder is best all of the time! But validators get best blocks all of the time.
Very excited seeing different strategies winning as network conditions are evolving over time.
Harmonic has been live on mainnet for over a month.
It has produced tens of thousands of blocks with three concurrent block builders, averaging >130% median validator income.
5
3
26
4,933
Liquidators are the backbone of a lending protocol, if the economics of liquidations don't work anymore, your protocol doesn't work anymore.
LSTs are like short term dated futures, blindly treating them as the underlying is just reckless.
2
4
24
7,816
I wonder how much of L1 usage is just toxic bots and LPs pvping over hostage liquidity in inefficient market mechanisms
3
22
10,825
Your @birdeye_so api key leaked and now someone is racking up expensive api calls
22
4,046
the bot spam on solana highlights a larger issue of ddos attacks in general. even if nft bots stop tomorrow the inherent issue of ddos attacks is still present. any decentralized network that aims at becoming critical infrastructure must be resilient to ddos attacks.
2
1
21
Anza is release engineering constrained. I’d be awesome to see a bunch of dapps stress test a 4x block increase. I am sure @DanPaul000 can even find them some hardware and the validators would love it.
21
1,912
11/ We are also working with the @PythNetwork network team to use cross-chain oracles on marginfi to more efficiently process congestion in the future.
1
20
2,300
before:
user sends a trade, bot sees trade in mempool, bot sends bundle, auction picks one, price impact absorbed
now:
user sends trade, trade lands, 100 bots see price impact, 5000 txs land to arb the price impact
7
2
20
6,088
3/n A clear takeaway is that the themes of design and trade-offs between L1s are very nuanced and complicated.
A fair question is then, why give a voice to podcasts like @bankless in the L1 public conversation?
1
20
1,185
Harmonic creates market dynamic that naturally pushes Solana performance forward through fair competition!
3
1
22
1,472
6/n Why should any of that matter if you are having a real conversation? The tradeoffs and nuances of Solana vs Eth haven't changed since the bear market.
Only the value of reinforcing the narrative that drives the retail mania has changed.
2
19
1,050
A trader once said:
> “slippage is toooo biggg mango-chan, YAMETE!!!”
@mangomarkets fill-or-kill guard: essential tool for setting up many legged trades atomically.
github.com/mrgnlabs/defi-exe…
3
1
20
I know its hard to believe but me and @HypoNyms are different people
2
19
2,309
I want to follow up and drop any indication that removing the mempool contributed to the congestion that Solana is experiencing right now, after reviewing more data such hypothesis is baseless.
before:
user sends a trade, bot sees trade in mempool, bot sends bundle, auction picks one, price impact absorbed
now:
user sends trade, trade lands, 100 bots see price impact, 5000 txs land to arb the price impact
19
2,319
4/n If not in evolving the narrative, their value is in reinforcing the narratives of their audience, by repeating pre-packaged soundbite arguments, and giving platform to others that do the same.
1
17
856
This was my case, I’ve been eyeing Rust since 2017. Solana gave me a perfect opportunity to learn it.
4
2
16
So this joke is funny because similarity to how proof of history (VDF) asserts a passage of time on its proof, we can also create an analogy with attendees at the Pyth event that spent a long time waiting in the queue.
Follow me for more autistic humor.
1
1
14
5/n One of the hosts had a really revealing comment.
Saying that he considered Solana now in the bear market because in the bull he had "his walls up", referring to being selectively close minded beyond what he considers "inside".
2
15
1,023
9/ The protocol will immediately reimburse all users up to $10,000 from the protocol insurance fund, fully covering 99.5% of impacted users. We will also work out a structured reimbursement plan for the remaining 8 users whose losses exceed $10,000.
1
14
2,324
You go to conferences to learn and meet people. I go to catch the newly escaped viruses from the Antarctic permafrost.
1
14
All I want in life is a pair of @solana pit vipers for cycling. Please lord 🙏🙏
4
13
10/ In the next few days, we will set up a website where users can check if their account was impacted and claim the reimbursement in stablecoins.
2
14
2,432
Solana is great because it was not built by pseudo academics who box themselves in with axioms
1
13
704
If @PatrickLoney0 doesn’t simp for us as hard when we raise A im going to seriously cry
2
13
There is a lot of rumors going around, for the record, we are not building marginfi on bitcoin at this time
2
2
12
Lfg @cavemanloverboy
Respectfully, the consensus engine we’ve developed for shdwDrive v2 is doing all of these things presently.
The production model will go live towards the end of this year as we transition the shdwDrive platform from the v1.5 model (which relies on Solana’s consensus mechanism) to the v2 model (running the custom consensus engine we’ve built from the ground up).
shdwDrive v2:
- Leaderless (if no one’s a leader then everyone is)
- Async execution
- Parallel processing
- Extremely fast block production and builds arbitrary block sizes
- Inherently performs data availability sampling on the operator level
- Data Compression
- Powered entirely by mobile devices
The shdwDrive app we unveiled in Istanbul at the Solana Crossroads event a few months ago was doing all of the above and running on the mobile phones of everyone in the audience who downloaded the app. Within the hour, the QR code for the app had been shared on CT and mobile phones around the world were soon participating as they ingested Solana ledger history data and served requests for that data.
The team and I are super excited for the launch of the full production platform at the end of this year. Definitely don’t hesitate to reach out if you have any questions or want to learn more!
2
1
12
1,605
Why does every commentary on the outage have to be “Solana this, but Eth that”. Lets acknowledge that the outage was an undesired event, learn from it and move on. All this tribal coping is insufferable.
Another way of looking at it:
It takes Solana a few hours to fix serious problems.
It takes Ethereum a few years.
3
13
