The time to unveil the beta has come.
It is a public beta - we just ask you answer a couple of extremely quick questions so we can iterate and give you the best product possible for when mainnet comes around.
Here is the link:
Change of plans. We've reached 2,000 followers much faster than expected and as a result will be dropping our whitepaper this week. Turn on notifications for the announcement.
If you haven't checked them out yet, the new InfinityPools docs contain all the info you need to understand the protocol from a DeFi & TradFi perspective:
Haven't listened to our podcast yet?
Have listened to our podcast and want to learn more?
Don't know who we are and we keep spamming your timeline?
Join a Twitter space with our cofounder, our friends at Nascent and other surprise guests to get your mind blown:
Infinity Pools will allow for trading any asset with virtually unlimited leverage, all with no liquidations, no counterparty risk, and no oracles.
Sound too good to be true?
Join us for a Q&A session w
@InfPools
founder
@MLGavaudan
to get the scoop
For a "correct" perpetual futures trade, the expected return sharply drops off after ~10x leverage.
Above 15x leverage, traders can expect to lose money, even when they are directionally accurate.
InfinityPools is a new DeFi primitive built on top of Uniswap V3.
@InfPools
allows highly leveraged trading of any asset available on Uniswap. No counterparty risk. No liquidations. No oracles
We're having a Twitter space AMA with our friends over at Steer Protocol today at 5pm UTC.
Come listen and ask any question you've wondering about!
Link for the event & calendar reminder:
Over $892M has been lost due to oracle-related exploits since 2020.
Curious how oracle-less protocols eliminate dependency on oracles? Are they the ideal solution?
We explore all that and more in this
#Binance
Research report.
Is
@InfPools
building crypto's next 0-to-1 innovation?
@MLGavaudan
explains how Infinity Pools offers:
- Unlimited Leverage on any Asset
- No Price Oracles
- No Liquidations
Spotify:
Apple:
YT:
Out of all DeFi innovation, nothing excites me more than
@InfPools
.
Let me show you how to achieve unlimited leverage on ALL assets. Liquidation free.
🧵
🎙️ New
@Edge_Pod
!
🦍 Where can you long/short any token on Uniswap with up 10,000X leverage?
😎 Nowhere yet, but in the coming months
@InfPools
will launch DeFi perps with unlimited leverage on virtually any asset, with no liquidations, no counterparty risk and no oracles.
InfinityPools is hiring a backend engineer with Scala experience.
Once in a lifetime opportunity to be part of the founding team for a revolutionary derivatives protocol. DM us if interested.
Writing about
@InfPools
is simple – a protocol that can offer trading for any asset with unlimited leverage, no counterparty risk, and no risk of liquidation.
A thread on InfinityPools 🧵👇
Happy 2024 to everyone, see you all in the InfinityPools markets next quarter 🫡
Also hope no one got rekt in the TRB perp markets. Counterparty risk is boring till it happens to you.
Thanks to this breakthrough, InfinityPools has 0 liquidation risks to mitigate and can offer unlimited leverage on any asset, with no liquidations, no counterparty risk and no oracles.
Why is the InfinityPools "no counterparty risk" aspect so exciting?
In the scenario described below, InfinityPools never takes a loss and therefore doesn't need clawbacks in the first place - unlike all other perpetual futures.
FTX never implemented liquidations. If a customer was liquidated at price worse than the bankruptcy price, FTX never implemented any system to deal with that loss.
Q. What's a clawback?
A. A clawback is a mechanism for resolving any losses that arise from a liquidation. And by
With
@InfPools
, traders will be able to get leverage on any asset, with no oracles, no permissions, no liquidation.
How?
Join us in 1 hour for Infinity Pools 101.
Perpetual futures are by far the most traded financial instrument in crypto.
Yet, crypto influencers tend to recommend avoiding them. Turns out they were partially right.
There have been many requests to read our Analyst Insight on
@InfPools
, so we've made it available to read with or without an account.
Read the entire Insight here:
Unfortunately, most forms of leverage currently available are constrained and often lead to undesirable outcomes (eg. liquidations on short term, large price moves).
GM fellow infinitypoolers
As we are now very close to mainnet, we will be hosting a Twitter space every Thursday at 12pm ET.
Every week will have new content and alpha as well as an occasional special guest. Tomorrow's link:
This is where InfinityPools had its breakthrough: we figured out a way to guarantee that all traders’ positions would close perfectly at anytime and any price.
In order to mitigate liquidation risks, exchanges impose hefty penalties on their users, limit the leverage & assets available, and have significant counterparty risk via the forced settlement of markets.
@0xngmi
Haha we had actually thought about this back in the day, lmk if anyone wants to chat about this. Happy to help think some stuff thru.
CC:
@statelayer
@MeirBank
From a trader's perspective this protocol will look very similar to a perps DEX but better.
So very different than borrowing LP tokens on frontend.
@pingumobbarley
I think there might be some confusion on how the protocol works here. You are borrowing cash for a predetermined period of time.
eg. you can borrow $1000 for 5 minutes and you pay $0.10 in interest
at a high level it's the same as paying a premium on options...
@keoneHD
Fantastic thread
@keoneHD
! Thanks for reading the WP 🙏 The only pushback we have is based on information we haven't made public yet so great job again:
@OneTrueKirk
@0xGeeGee
@0x94305
@0auth_
LPs are like options writers in Uniswap already, so yes hopefully they understand this already.
Also past volatility only gives a floor to the lending rate, actual rate is pushed up by market demand.
@0x94305
@OneTrueKirk
Curious to hear why you prefer old fashioned lending?
PnL for InfinityPools LPs = "fair" interest rate (offsets IL) - IL + utilization rate
Simplifies down to getting paid utilization rate but with no credit risk whatsoever
Seems objectively better no?
@0x94305
@OneTrueKirk
Regardless, in this case the LP would get back the interest rate paid to them by the trader (fair interest rate + utilization rate which would be incredibly high given amount of people shorting)
@mehranhydary
Overall uni v4 is a net good for defi and InfinityPools.
Currently unclear how our next version will interact with it, but definitely something we've been looking into.
As for our v1, if uni v3 liquidity flows into v4 it doesn't affect the protocol at all.
@chrisliambender
@delitzer
In fact some people might prefer to never have their liquidity be hit be the market price, in which case they can continuously move their liquidity range away from spot price so they can stay in a single asset
@OneTrueKirk
@0xGeeGee
@0x94305
@0auth_
Makes sense - we don't think it would add value because:
a) high gas cost constantly updating premia
b) LPs are looking for passive income
c) the premia would end up essentially hist. vol. + skew (demand) anyway
d) our utilization ratio factor has good optimality properties
@keoneHD
With extra trades that push up the utilization rate I expect the yields will be significantly above that, but can make no guarantees till we launch and see the numbers.
@chrisliambender
@delitzer
Fantastic question! The cool thing about LPing in InfinityPools is that you generate yield even when your liquidity is not in range. Therefore the incentive to focus liquidity around market price is not as important.
@0x94305
@OneTrueKirk
I think there may be a misunderstanding here. When you lend out your LUNA on an overcollateralized lending protocol, you still end up with 0 + interest. But on top of that you still have credit risk while its price is not 0.
@OneTrueKirk
@0xcarnation
@MonetSupply
@0x94305
Yields on InfinityPools are always above cost of delta hedging. So it's actually always +EV.
LP's expected PnL = fair interest rate (offsets IL) - IL + utilization rate
Simplifies down to getting paid utilization rate (same as Aave) but without any credit risk.
@crypto_yuvi
@BearishEquity
There is no counterparty risk because there are no liquidations - the two are interlinked. Curious to know where you believe the counterparty risk to be?
@0x94305
@OneTrueKirk
Ah got it. I think the crux of our miscommunication is because we’re trying to draw a direct comparison versus overcollateralized lending protocols when a better analogy is probably selling puts on LUNA.
@0x94305
@OneTrueKirk
When you sell a put on LUNA, you get the premium + LUNA back (which is worth 0).
Also tbh i dont think that overcollateralized loans made with LUNA as collateral were made whole?