web3 connoisseur | designer | solana enjoyoor

Joined July 2009
63 Photos and videos
Perhaps its time to not give a sh*t about all these narratives and just full port to fartcoin, from your privacy coins, your hyperliquids and your sound moneys. Let them be dead for a while, let hot air rise! Its coming…you are warned
The market is looking for a unicorn. Austerity is almost over. The balance sheet is expanding, the U.S. treasury is secular short its own currency, and the FED is signaling alliance to American Dynamism. An age of cheap credit, and cheap money, for the benefactor of speculators, creditors, finances, traders, industrialist, creatives and more. The Dragon ontop of the gold coins is being slayed. American Dynamisms is defined by one thing. Unicorns. Find this decades Unicorn.
54
nirnathm retweeted
This guy is the biggest fucking retard on CT i cant believe people still take this scammer seriously. Back in 2020 he literailly traded against his own customers on his bitmex exchange and went to jail.
The Holy Trinity is dead. Sadly due to the Orchard Pool exploit, I had to dump our entire $ZEC bag. - While I think it's extremely unlikely of any minting, it cannot be formally cryptographically proved impossible - The privacy from AI, govt, big tech narrative demands perfection not improbability - I read about the exploit yday, and didn't appreciate how it violated my narrative mental map. The 30% dump, made me rethink, and I had to take profit on the entire position - We will consistently re-evaluate our thinking and if my assumptions are proven incorrect, will rebuy, hopefully at lower prices. - Privacy is priceless and I have no issue eating humble pie and rebuying much higher. We still hold $WLD and are excited for Lord Elon to pump our bags.
3
1
9
1,039
started getting active again on variational, about 13pts this week, would keep the activity low-medium as the markets have been difficult to trade and i made about -100$ pnl this week. so not so efficient, but thats for later. gVar
1
58
not too late to earn atleast 100 points @variational_io
Just within few weeks of beta Variational hit 9 figures of daily volume of their RWAs. Billion will not be impressive. We are going to see hundreds of billions of dollars traded daily sooner than later. Just imagine trading HOG during the swine flu in china. Try yourself with code OMNIDON
1
20
nirnathm retweeted
@blinktrade is the order-book path for the same market-structure problem. It is not a prop AMM, but a Solana-built ZK-rollup exchange for spot and perps with a real-time sequencer, a high-performance matching engine, DoubleZero-timestamped transaction feed, and ZK settlement back to Solana L1. The bet is that Solana remains the settlement and verification layer, while latency-sensitive price discovery moves into purpose-built low-latency infrastructure
11
5
45
14,071
im telling you, hyperbulls are not gonna rest till one variational points is $100... viva la var
Hyperliquid bros made it on Hyperliquid, Lighter, and now Variational Truly the most insufferable and racist people in CT
75
been bullish variational since december, one thing stands out immediately is how many hyperliquid bulls supporting it (they are a hard to please bunch). what could that mean....hmm, viva la var
May 25
Variational just crossed $1B in OI and is now the n3 perpdex by open interest Already 25% above lighter, and on track to flip aster soon To me, this is clearly an n2 venue where people will actually trade. Technically not a perpdex but more of a decentralized brokerage, aggregating liquidity from everywhere (CEXes, hyperliquid, etc.) so you get the best fills Trading BTC/ETH/HYPE is already cheaper on variational than anywhere else if you are not running 8-figure positions. 100 RWA listings are coming, so points will only get harder to farm Still 4-5 months left before points end The best strategy for me has been 1-3 day DN holds for OI (avoiding BTC and ETH) and real trading. Wash trading does not work here, we are still pre-API and pre-OLP Really suggest trying to get in before it's too late access and max points boost: omni.variational.io/?ref=OMN…
1
3
99
nirnathm retweeted
May 23
by the way 70% of people tweeting about the VVV HYPE ZEC NEAR being the coins worth owning don't own more than one of the 4, maybe not even a single token I've tweeted about these multiple times and I never even bought VVV don't confuse mental consensus with positioning
47
13
338
117,735
nirnathm retweeted
had a great time on @indexed_pod discussing my research on propAMMs (and blink). my first podcast
🚨NEW EP: Inside Solana’s PropAMM War🚨 In today's episode, we're joined by @moonshiesty currently building @blinktrade to dive deep into @solana's PropAMM landscape and the battle shaping onchain market structure. We discuss: - What PropAMMs are and why they’ve taken over Solana spot liquidity - How gas economics shift costs from makers to takers - Latency games, flashing, and spoofing tactics - Execution quality vs oracle pricing - Why onchain price discovery is still lagging - @binance vs PropAMMs vs true decentralization - The role of Solana’s scheduler, priority fees, and compute units - Why PropAMMs dominate spot but struggle in perps - The case for continuous order books - DoubleZero and private fiber networks - Building Blink: a neutral, price-discovery-first venue - The future of fair and verifiable crypto exchanges And much more—enjoy! — Timestamps: (00:00) Introduction (01:07) What is Blink? (04:07) Crypto market structure problems (10:46) Binance vs decentralization spectrum (22:10) PropAMM gas advantages (32:37) Latency and order flow (39:26) Spoofing and flashing tactics (1:03:27) Solana PropAMM efficiency (1:04:25) Blink tech stack (1:06:13) Spot vs perps limits (1:07:26) Continuous order books (1:10:33) Outro
13
6
50
6,113
nirnathm retweeted
a client stiffed me. but im not the only one. here’s my side of the story: the company im talking about in the quoted tweet below is @ranger_finance and they owe us nearly ~5 months of invoices, and allegedly owe multiple employees and others outside of the co. we practically built the brand from day one and we generated nearly ~90% of all graphics/content since spring '24 and yet we went unpaid from july-dec 2025. i spent many nights working singaporean hours until 5am. lots of missed nights with the missus. lots of grinning and bearing it. when the bill racked up to 20k, the missus grew concerned and i pushed back pretty strongly ~ "they're my friends. they'll pay me back. they gave me the highest compliment a vendor can receive - 'it really feels like you're part of the team.'" but she was right. by the end of 2025, i was owed 45k. and to date, I’ve only received 10k in backpay. meanwhile, there were employees who were allegedly being paid during that time, while i was led to believe otherwise. and some employees who are owed, haven’t even received the courtesy of a response. im privileged to have a little platform to speak on this, as others aren't in the same position. but its not just me out here; theres a mother on staff who just had a baby last year. shes been floating on her own savings for months because ranger wasn’t paying her between jan-may of this year. she didn't find out about the supposed closure of the company, until she saw the post on twitter last week. send Sunny a shout - she's a fantastic designer and she was more than happy to include her name: @justt_sunnyy and personally, ive tried everything i can to be made whole and i unequivocally blame no one for this other than the ranger team for what im owed. full stop. these are the founders: @0xFA2 @Fibullnacci @barrett_io its not easy to air these things out, but ultimately, im driven by the amount of people who are still owed and the creative community who is persistently stiffed. and to put it bluntly - im owed 35k i love the solana ecosystem and the LA hard tech ecosystem. the number of people reaching out from both, has breathed new life into me. i appreciate all the creatives, founders, engineers and marketers that reached out in DM's from my previous post - it truly means a lot and we're not going anywhere for agency’s, its clear that there is an expectation of silence when nonpayment occurs - i only wish i’d gone public earlier and potentially saved others from the trouble but if you're in this position now, maybe you can get paid or maybe you can just wake up lighter like me if you’ve been on the wrong side of a deal like this, what kept you from going public? feel free to comment below or DM if you’d rather keep it private
wanted to provide a quick update - a pretty prominent project on solana has refused to pay our team and allegedly a significant number of other people inside of their co and outside of the ecosystem its hard to communicate how deeply this has affected our work. its had a debilitating impact on us for the last 3 months non-payment is a huge issue in crypto and the expectation is that agencies shouldn't discuss these things out in public i’ve given ample time for the team to respond and present solutions, but I’ve received no official plan of action at all. frankly, its put a large damper on our outlook, faith and forecast in the ecosystem. if you've been affected and know who im talking about, please feel free to DM
93
23
345
95,507
nirnathm retweeted
a lot of people use NASDAQ as a buzzword so what actually differentiates NASDAQ from existing crypto venues? - fair access - physical infrastructure optimized for trading - deterministic inclusion and execution what differentiates (some) crypto native venues from NASDAQ? - verifiability/auditability - global access - fast settlement blink combines the best of both
First wave of sign-ups ends in 24h. Secure your chance to get early access. We’re not another cloud exchange. True NASDAQ infrastructure meeting Solana settlement. Blink and you'll miss it.
7
7
65
9,947
nirnathm retweeted
There are ~5-10 key architecture decisions that make or break every large engineering system. A misstep in one of these decisions can lead to irrecoverable roadblocks for the product in the long term. @PhoenixTrade is not a software masterpiece, but it's the first truly viable fully on-chain perps smart contract on @solana because we made reasonable decisions in the most critical areas. Matching Engine The Phoenix matching engine handles trades atomically for all counterparties. This means that after a single transaction, the taker and maker positions are all fully updated to reflect the trade result. It also stores limit orders sorted by price and time. No other perps DEX on Solana in the past has ever supported both single-transaction matching AND price-time priority. We realized that this is not a pure tradeoff and made it the top priority in the matching engine design. While this may seem like a niche technical detail, price-based priority algorithms protect users by guaranteeing that they always get the best price to trade based on the state of the book. Non-atomic trade settlement also causes UX problems and operational problems. A delay in processing maker trades leads to more gas spent in the backend system and more latency in the UI. Users will remember a clunky trading experience even if they don't understand why. Efficient Market Maker Updates Phoenix has a special order type for professional market makers called "spline orders". At a high level, this order type allows market makers to configure the liquidity depth of the book at different offsets from a mid price and provides an entrypoint for efficiently updating the mid price of their orders. Due to the nature of the current Solana scheduler, the ability to update book orders with low computational overhead enables MMs to cancel and replace quotes with both high scheduler priority and low cost. This is a critical feature for Phoenix to support the deep liquidity necessary to offer a world-class trading experience. Risk Engine The margin system on Phoenix is completely decoupled from the matching engine because they fundamentally serve different purposes. The matching engine is functionally a fancy calculator that facilitates risk transfer between counterparties. The risk engine is a read-only check on the validity of these transactions. Phoenix's fully on-chain risk engine computes the required margin, liquidation status, total withdrawable balance, and free collateral all under Solana's tight computation constraints. There are even a handful of clever tricks in the margin math that make it impossible to withdraw funds or gain additional margin on positive uPnL on particularly illiquid assets, given the right configuration. The software separation between risk and matching enabled the team to easily reason about the behavior of both complex systems in isolation and, as a result, made the system easier to reason about and easier to update. These properties ultimately reflect in the end user's trading experience and (ideally) protect the exchange. Conclusion Other major technical decisions made Phoenix possible as a pure engineering feat, but these were a handful that I think uniquely demonstrate why system-level decision-making is so important. If we didn't figure out any one of the above designs, the end-user experience of Phoenix would be meaningfully worse, and the team's ability to improve on the product would be meaningfully weakened. Any system hoping to build serious financial products needs to bring the same level of care and decision-making to all of the core software components. For Phoenix in particular, this meant thoroughly understanding what it took to not only build a functional and efficient exchange but also fitting that design to the constraints imposed by the Solana smart contract environment.
60
50
487
156,004
nirnathm retweeted
Replying to @aaalexhl
.@PhoenixTrade is just a smart contract that’s at parity with HL. No tricks, full atomic composition. It’s a monumental engineering feat to get that to work. It’s just hella cool.
21
6
191
26,697
Dot HLs taking silly digs at solana like they achieved something lmao, all you achieved was your 50k or whatever airdrop and one bad day away from losing it all, sit down bros
May 17
im a big fan of HL, jeff, & shoku they are excellent I have noticed though a certain class of .HLs, who are obviously new here, disrespect toly in increasingly cheap ways toly is a monumental mind in the trajectory of crypto ppl dont remember now but there was a long and aggressive period of time where we had to fight every single day, for years, to show that actually you CAN scale crypto to planetary scale and that the ethereum way is not the only option this took an immense amount of work in spite of tremendous setbacks and many near death moments but now the engineering bar in crypto is meaningfully different than before toly. solana has created hundreds of new startups and businesses the dude is rich beyond belief, has nothing left to prove, and instead of checking out like 99% of people here, shows up every single day and has fun doing it you can and should criticize many things about solana, but personal attacks against one of the very rare instances of a missionary founder is unserious and will do nothing but give solana founders free and limitless energy
1
63
nirnathm retweeted
May 17
im a big fan of HL, jeff, & shoku they are excellent I have noticed though a certain class of .HLs, who are obviously new here, disrespect toly in increasingly cheap ways toly is a monumental mind in the trajectory of crypto ppl dont remember now but there was a long and aggressive period of time where we had to fight every single day, for years, to show that actually you CAN scale crypto to planetary scale and that the ethereum way is not the only option this took an immense amount of work in spite of tremendous setbacks and many near death moments but now the engineering bar in crypto is meaningfully different than before toly. solana has created hundreds of new startups and businesses the dude is rich beyond belief, has nothing left to prove, and instead of checking out like 99% of people here, shows up every single day and has fun doing it you can and should criticize many things about solana, but personal attacks against one of the very rare instances of a missionary founder is unserious and will do nothing but give solana founders free and limitless energy
This is the perfect example of your founder vs my founder: One is in Washington discussing the future of onchain finance and regulation. The other one is farming engagement in comment sections. @chameleon_jeff and @toly built different.
159
74
1,240
155,237
nirnathm retweeted
First wave of sign-ups ends in 24h. Secure your chance to get early access. We’re not another cloud exchange. True NASDAQ infrastructure meeting Solana settlement. Blink and you'll miss it.
8
5
78
19,634
nirnathm retweeted
SUI is not doing well: Chain fees have declined by 90%, along with a 70% drop in TVL over last 6 months! SUI is quickly becoming a ghost chain, despite having some of the best tech Unable to overcome the terrible economics & anti-competitive behavior: SUI's downfall is greed!
169
30
546
121,966
keep shipping
Phoenix builder codes are live. Flight Codes let any trading app, terminal, bot, or agent route order flow to Phoenix and collect a fee on every trade.
2
34
click some buttons....
May 15
spoke with a market maker yesterday that said out of the 40-50 integrations they’d done that @PhoenixTrade was the easiest to implement the network effects of being so simple to plug into are going to be clear very soon rising
1
41