Nitesh
@niteshnath
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best execution @DFlowProtocol | prev. QR at HFT
Joined December 2008
imagine not working in the most exciting industry of our lifetime i think i've spent 90%+ of my waking hours since 2021 thinking about crypto
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RT @johnrobertreed: 🚨 Personal update 🚨 I am honored to share that I will be co-chairing @BlockchainAssn’s Marketing and Communications Wor…
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Hit with toxic flow repeatedly for a long time Conditional liquidity helps here, actively managing liquidity in the pool helps as well
2 years in the #RUNE #BTC pool. 1 million dollars gone. Where did the money go? Who has these 7.8 BTC and 75 000 rune? @Galois_Capital @THORChain @jpthor
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The fundamental problem is that it's difficult to provide liquidity onchain and update quotes when it matters. It doesn't make sense to expect a trading firm to not take advantage of edge they have as a taker. Further, if a trading firm has enough edge to cross the spread often, they likely have enough edge to market make, and the likely reason they don't market make onchain is market microstructural faults with the Solana network. The next phase of DeFi growth on Solana will involve extremely large markets of great human importance trade onchain. Making it easier to add liquidity on Solana is a problem DFlow is working very hard to solve from bottom up, as deep and resilient liquidity onchain is necessary for this next phase of DeFi growth. Please reach out to us if you are a DEX or sophisticated market maker and want to provide deep liquidity natively onchain.
Yes, I think this is their wallet. They've also been a plague on onchain liquidity on Solana because they basically only send toxic flow to DEXs while they quote on RFQ (offchain) only. I don't like making negative posts about others so I never said it publicly before. Other teams like Phoenix can attest to this.
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RT @c__bergz: 1/ Activity is picking up on Base. The chain surpassed $1bn daily volume in November, fueled in part by AI-agent and memecoin…
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LPs and swappers is our bread and butter
I'd love to see both teams focus a little more on value redistribution to apps / users instead of prioritizing validators profits, Ã la mev-share. But that's more on the app layer -- s/o to @DFlowProtocol for bringing conditional liquidity fee improvements to LPs and swappers!
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RT @hrojantorse: Enjoyed this quite a bit. I also think that the protocols I’ve mentioned are at the cusp of creating net new primitives th…
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@hrojantorse We don’t plan to have RFQ, but we are currently building more precise mechanisms of liquidity provision from sophisticated/model-driven makers
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Conditional Liquidity is a step function improvement to the LP/market making experience on Solana Good for users, good for LPs, good for the network
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@RobertSagurton @Austin_Federa Latency from route calculation to transaction inclusion is critical
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@George_harrap @timahhl @JupiterExchange @solana @FillCityNews @okx would love for you to checkout our Swap API if considering a move. DMs open for support and Q&A
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@QwQiao same story as tighter spreads means more trading onchain and ultimately more pnl for makers
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Lowering unit economics will increase volumes. The cheaper the trading, the greater the GDP. Every other metric in Solana DeFi follows from how tight the spread is for market participants, so this per-swap fee is a value transfer from onchain market participants and Solana DeFi to Jupiter. Excited to see Jup’s multichain vision, kudos to pushing frontiers, etc. but DFlow will keep the realized spread as tight as possible for everyone, and continue focusing exclusively on Solana. Abundance mindset
wow @JupiterExchange now charges 10 bps per swap by default. props to the team - building a killer product deserves monetization, especially when there's no current better alternatives. but at the same time, it feels like @solana desperately needs some much needed competition in the aggregator space. on EVM there are over 10+ aggregators, yet on solana there is only Jupiter. personally betting on @Titan_Exchange who are building a legit challenger to Jupiter's routing algo. @DFlowProtocol also building an interesting competitor. bold prediction for 2025: this is the beginning of the end for jupiter's aggregator monopoly. competition is coming.
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I’m genuinely excited to see Jup play out its multichain vision. Exploring new ideas is how the frontier is pushed. However, I’m in the camp of encouraging everything to happen on the L1 exclusively. I don’t see why price discovery in defi will happen anywhere other than on Solana in the future
Everything on the L1 The ticker is SOL
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