Strips Finance is now RabbitX 🐰’s Tweets

Financial ServicesStarknetblog.rabbitx.ioJoined March 2021

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19.8K Followers

Strips Finance is now RabbitX 🐰’s Tweets

** Weekly community update **

the uniswap LP thread has caused some ruckus. I detailed here why the orderbook is necessary. you cannot have informationally poor liquidity and expect to make $ long term. cc

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The automated market maker (AMM) is a pioneering crypto primitive that has helped bring DeFi into existence. But we already had the orderbook, why did crypto need its own form of market making? a

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ZK rollups are the master solution to $eth scaling. They have major structural advantages to Optimistic rollups that can't be overlooked. Eventually, the best tech will win. But not all ZKRs are created equally. Here's the difference between SNARKs and STARKs 🧵🐰

We’re seeing 1st hand why inflation is a destructive force. It erodes the buying power of your $, effectively acting like an invisible tax. And as crypto/tech investors are experiencing, also takes a wrecking ball to risk assets. But why can deflation be just as bad? 🧵🐇

reflection: will you know what chain you're using in the future? will your wine aunt, who has no L1 allegiance, have any idea the Dapp she's using is even onchain, let alone whether it's on $eth, $sol, $ftm, etc? what future onchain interactions may look like 🧵🐰

**Best memes this week:** submitted by

twitter.com/BackTheBunny/s submitted by

twitter.com/BackTheBunny/s submitted by ivancl8647

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𝟎𝐱𝐁𝐮𝐧𝐧𝐲

@BackTheBunny

Oct 17

everything I learned, I learned from crypto incluencooors

1:22

1.3K views

**Business updates:** - We are in discussions with multiple top tier market makers to join our liquidity provider program - We are in talks to partner with one of the world’s largest brokerage firms

- We interviewed over 25 traders from our community this week and gifted each trader a free t-shirt - We reached over 2k discord members! 🥳

Weekly summary of all things StarkNet

**Community updates:** - We have a new landing page! Check it out at rabbitx.io ✅ - Featured on Starknet weekly roundup: swagtimus.substack.com/p/starknet-rou (cont)

swagtimus.substack.com

StarkNet Roundup #37

**Technical updates:** - Dynamic UI layout for different screen resolutions - Updated UI improvements - Implement microsecond on date fields - Fixed frontend wallet bug - Implemented drag order to amend price on chart - Frontend testing to find remaining bugs

Community update from last week's RabbitX weekly update! 🐇 To get the latest updates immediately, follow

@rabbitx_io

. Never miss a beat.

Without further ado,

is the derivatives exchange that will change the derivatives world. They raised large money from some of the best crypto VC's--

, and

. for their V1 product....

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Alpha Seeker

@AlphaSeeker21

Oct 18

People ask me what's my next Alpha project, Well its in line with these crypto use cases. Onchain Credit - @ClearpoolFin Stablecoins - @BluejayFinance Trading and Derivatives -

This new Derivatives exchange project has the team, technology, and UX to find product market fit! twitter.com/AlphaSeeker21/…

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incredible thread! very honored 🤝

@AlphaSeeker21

provides an insightful breakdown of our pivot from rate swaps on V1 to perps on V2. excellent analysis. we can tell he's really done his homework on us. #BackTheBunny

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Alpha Seeker

@AlphaSeeker21

Oct 21

The project has a $1.6 Million Market cap and on limited exchanges but I believe when mainnet launches, @rabbitx_io will be the talk of crypto. So today marks the day where @AlphaSeeker21 #BacksTheBunny @BackTheBunny

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RabbitX - Next Evolution of DeFi Derivatives Exchange. Get Early Access

Check out our new landing page! What makes RabbitX different? Click and find out. The most-advanced derivatives DEX built on the most-secure tech in #DeFi is approaching its testnet launch. Sign up. Join us on crypto's bleeding edge and #BackTheBunny

landing.rabbitx.io

Perpetuals. Interest rate swaps. Order book liquidity. A full crypto derivatives suite built atop Ethereum ZK rollups. No KYC. Low fees. Max security and leverage. DeFi, evolved.

the RabbitX docs have been released! 🐰 check out how the premier DEX on

@StarkNetEco

builds, and what motivates us to keep delivering.

docs.rabbitx.io

Introduction

something that gnaws at bunny: when a website censors & people mock "wOW CoOl dECeNtRaLizaTiON" no. websites having nothing to do with DeFi/crypto decentralization. here's how you can still access onchain apps even if their UI goes rogue. become ungovernable. thread 🧵🐰

how do yield curves predict recessions? I have a framework that may make this more intuitive for you: view interest rates as futures for dollars. a short 🧵🐇

strips-finance.medium.com

Read more in our blog post

Strips Finance Unveils RabbitX: New V2 Perpetuals Exchange On Starknet

September 27, 2022

Stay in the loop by joining the RabbitX Discord (discord.io/rabbitx) -- you will be redirected to RabbitX Discord. Time to

blazing speed, zero gas fees, and a superior user experience. No more account bans, freezes, or front running. Trade with 20x leverage in a deep orderbook. Enjoy a seamless trading experience, all from one easy-to-use interface.

The user experience on most decentralised exchanges today leaves much to be desired. DeFi trading is often slow and expensive. RabbitX solves this by building a decentralised perpetuals exchange that prioritizes security while providing

**What is RabbitX?** RabbitX is a full crypto perpetuals suite allowing users to trade a wide range of assets, including Bitcoin, Ethereum and more. RabbitX provides the best crypto perpetuals trading experience.

Strips Finance is proud to announce the unveiling of our new perpetuals exchange on Starknet, called RabbitX (

@rabbitx_io

)! 🥳 RabbitX is launching soon, and it's going to change the DeFi perpetuals landscape. Read more below 👇

strips-finance.medium.com

Jul 18

When we launched Strips v1 in February, we were the first ever interest rate derivatives to launch on DeFi, and the first to launch on Arbitrum. After months of hard work, we are winding down our v1 product to focus on building out v2. Watch for updates👀

Announcing the End of Strips V1

We announced back on May 8th, 2022 that we will be winding down Strips V1 as we work towards our V2 product.

1/x Update:

has repaid the STRP Bond Voucher in full. Fractionalized STRP Bond Vouchers are now redeemable for the amount indicated in the face value, on app.solv.finance.

Jul 11

Bitcoin is approaching a drawdown within reach of the 2018 crash. Crypto class of 2020 and 2021 getting their battle scars 🫡 $BTC

Jul 7

not to fear crypto friends, no one else has made any money either this year we're all in this together: finance addition 🤝

strips-finance.medium.com

So while we love the AMM, it has shortcomings. Crypto benefits from diversifying away from it. It was a necessity for DeFi due to limited options, not because it’s the best model. those options have since grown we are building our V2 with this in mind 🫡

Announcing Strips v2: the Next Generation DeFi Derivatives Exchange

Strips has been building nonstop and is excited to announce details of Strips v2. We are enhancing the infrastructure that underpins…

This OB capitalistic cauldron creates the diversity of pricing and competition necessary to create the most efficient and liquid markets possible. 🤝

In TradFi and its diverse set of MMs, we see many different ways to interpret information and strategies to make markets while turning a profit. These different methods (bull/bear, long/short vol, etc.) all compete against one another and other exchanges.

In the AMM model, arbitrageurs are the actors that supply the information. But there’s a cost to this. Important: When info must be embedded into price by arb’ing, it’s LPs who bear the burden. Arbitrageurs scalp these profits and LPs cover this cost by way of impermanent loss.

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In a market with high-information orderbook MM’s, they can adjust prices based upon bearish news, risk appetite, or even personal strategy. They don’t need a static equation dictating when to do so. ergo the "low information" description for AMMs

But information is a critical component to markets and asset pricing. In efficient markets, informed market makers (MMs) should be the standard, and diversity of MMs is important. Right now some 90% of DeFi trades are executed through AMMs.

And there are AMM disadvantages that don’t show up in a quantitative way, but are a net negative to markets broadly. Emphasis: AMMs are what we can consider “informationally poor” liquidity sources. They largely derive their pricing via the well-known X * Y = K equation.

There are of course drawbacks to the AMM. You can't submit limit/stop orders. You largely can't chose the price where you provide liquidity. There is greater slippage to trades and LPs have impermanent loss risk by having to provide equal amounts of both assets in a pool.

Instead of computationally expensive OB market making, with the AMM we can pool our tokens, provide constant liquidity, and allow trading without matching bids and asks while guaranteeing settlement.

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The reason for the AMM is mostly pragmatics. $eth and crypto broadly are still scaling. expensive transaction costs, low throughput, and slow settlement made the AMM the superior option given crypto’s technological constraints.

The AMM is a pioneering crypto primitive that has helped bring DeFi to existence. But we already had the orderbook (OB), why did crypto need its own form of market making? a 🧵 the on the critical need, both for liquidity and efficient markets, of the OB model 1/

Jul 2

one SBF to rule them all, one SBF to find them. One SBF to bring them all, and in the darkness bind them.