tired of reading midcurved takes so here's what actually happened and no, one guy in DC isnt to blame. there's an entire institutional power structure of public and private entities that are pulling the strings like always
for the first time in history you can write a solver that takes into account the precise state of onchain perps and calculate exactly how much money you can extract if you click the right sequence of buttons in quick succession
all of the information is in the open. not just people’s positions and leverage, but also everyone’s bids relative to their collateral and cross-margin relationships. you have everything you need to know
usually you’d still worry about “invisible



