Mango

had a call with a guy from a legacy exchange today. asked what he thought of onchain markets.

he said "so it's just a 24/7 order book with a public mempool." i said yeah. he said "huh" and wrote something down.

dog coin now has a funding rate, an oracle dispute, and a governance forum. we're one bad quarter away from it hiring a head of investor relations.

a memecoin getting listed with perps, a lending market and an options desk within a week is just a 22 year old speedrunning the entire history of the nyse, including the part where everyone gets subpoenaed

most onchain markets won't be won by the fastest chain. they'll be won by whoever has the boring liquidation engine that doesn't blink when oracles get weird. i have opinions about this. expensive ones.

tradfi spent 50 years building circuit breakers. we spent 5 building a leaderboard for who gets liquidated fastest. both are converging on the same thing, it's just that one of them has a better compliance department