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Andotlas

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@Andotlas

Founder of @cardinal_labs | Disrupting Legacy Finance

Prev: Founder of Kwenta (Acquired by Synthetix)
cardinal.trading Joined February 2012
470 Following 1.3K Followers 1.5K Posts

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Andotlas Verified account @Andotlas
In peak DeFi Summer, @kain said something like:

“7-digit yields aren’t crazy. The market loves risk. If you could farm massive yield with leverage daily, people would trade it.”

And after doing $65B+ in notional on @cardinal_labs testnet in 7 days, I think he was right.

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Andotlas Verified account @Andotlas
I'll write up my own thoughts on this soon (busy being British, hit me up if you're in London).

This was an incredible result. Handling 250B+ volume and not blowing up + massive LP returns... wow.

Fantastic job done by the team and community. Stay tuned... 🐦‍⬛
Cardinal Verified account @cardinal_labs 2d
The results are in: traders love Yield Perps.

Two weeks, $257B in volume, and a clear path to mainnet. Here's the Cardinal testnet competition recap.

📜: blog.cardinal.trading/cardinal-compe…

TL;DR below 🧵🔻
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4 replies 2 reposts 20 likes 450 views View on X
Andotlas Verified account @Andotlas
For those wondering how we pulled off insane yields without token ponzis or paper-thin promises...

Give this thread a read: 🐦‍⬛
Cardinal Verified account @cardinal_labs Nov 6
If you're wondering, "Cardinal, how do you offer up to 5000x leverage to farm 7+ digit APR sustainably?"

The answer is twofold:
1. @DeriveXYZ options under the hood.
2. A perpetual underwriting layer

The yield doesn't suddenly disappear one day; it's here to stay. 🐦‍⬛

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