macrocephalopod on Twitter

@macrocephalopod

Paul Allen, Vice President M&A, Pierce & Pierce (Sie/Hir) | Vegan | Silence is Violence | Women’s Rights Are Human Rights | ACAB (Assigned Cephalopod At Birth)

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‏ @macrocephalopod

Hi, good start, just a couple of minor edits — 1. FX mkt is 24/5 not 24/7 so multiply by 252/365 2. Commissions are nearer 0.001% than 0.01% so cut the daily rev estimate by a factor of 10 3. A lot of volume is back to backed so cut the adv estimate by a factor of 4https://twitter.com/0xSato/status/1482647121161781249 …

0xsato.eth Dr $KP3R @0xSato

Have you realized that forex market has a volume of $6.6t/day? And #FixedForex will soooon begin grabbing some of it. With 0.1% of the market and 0.01% fees, revenue will be $240m. That is 1.7x MakerDAO, 2.6x Curve. While MC of $KP3R/ #KP3R is only $560m, which is much lower. https://twitter.com/0xSato/status/1481179353178570753 …

7:41 AM - 13 Feb 2022

1 Retweet
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6 replies 1 retweet 59 likes

1. macrocephalopod‏ @macrocephalopod Feb 13
  Other than that, looks good. Have a new version on my desk by 8am, let’s hope that annual revenue forecast still looks good after these revisions!
  
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1. Tho Do‏ @thodoha Feb 13
  Replying to @macrocephalopod
  
  I stop reading at 'forex' market
  
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1. Alex Gerko‏ @AlexanderGerko Feb 13
  Replying to @macrocephalopod
  
  Institutional commissions are like 3 usd per mil in spot FX. And obviously most of the spot FX volume is institutional
  
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1. Cakeeatin'‏ @Burnhasp Feb 13
  Replying to @macrocephalopod
  
  Your point 3 is a great one. Current infrastructure that exists to marry up 1m buy vs 1m sell leads to a lot of “volume” as it has to “hop” through the various arenas to get the real buy and sell to meet in the decentralized FX world. If you are centralizing, ADV comes down.
  
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1. けものみち ‏ @KemonomichiNL Feb 13
  Replying to @macrocephalopod
  
  IBs w/ big comm banks do well in Fx not just bc it’s B/S intensive, but also bc it’s often tied to lending Do a fwd w/ the bank I have a relationship w/ so I can lock-in my profits & borrow more against it. Or I’m throwing you a bone bc you do my LOC Though to thrive w/o that
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