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SuperPumped founder on how you get privacy without being unable to answer a legal request "There will be an option to split up your trades across different wallets, sourced by different funds, in a non identical structure. If you want to invest $100,000 on a trade but you want it to be private, you don't want that onchain exposure and everybody following your trade, you just use that option, and your trade won't be publicly indexed in a form that could be linked back to you." "That makes everyone question how it would be compliant with the law, but hiding trades and removing trades is not compliant." "So we let the user have the experience of not letting other users know about your trade, but we don't hide that from the law or legal compliance. We maintain internal ledgers and reconstruct all the transactions associated with the primary transaction, but we keep that to ourselves." "In course any legal request comes up about someone or some specific trade, we are fully compliant with that and will be able to serve the legal departments about any of the trades that happen on SuperPumped." FT @trysuperpumped
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SuperPumped founder responds to the Privy security concerns "We are not storing funds on Privy right now. We are only using the Privy smart wallets as EOAs, so they actually control your funds, but your funds don't sit directly on Privy." "So we are isolated from the issue that was mentioned earlier, but in a way we're still exposed to the risk associated with that." "In case of your funds getting stolen, Privy has to get hacked as well as Polymarket. In that scenario, you only lose funds out of the wallets you made on SuperPumped." FT @trysuperpumped @privy_io @0xSrMessi
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SuperPumped founder walks through leveraged prediction market trading, from deposit to resolution "You come to SuperPumped, you log in via Privy, then you deposit USDC or any of the cryptocurrencies you want, or other payment methods. Those funds sit on dedicated accounts on Polymarket." "You come to a market like, will Bitcoin dip to $55,000, and you choose how much leverage you want to take. That differs from market to market, it's monitored with the leverage engine. If a market is close to expiry we won't offer you 10x, but we will offer 3 or 4x." "Say you took 3x leverage with a $20 margin. Your notional volume becomes $60, so instead of trading a market you already have conviction on with just $20, you're opening a position with $60. You pay an opening fee, and a small fee based on how long you hold the position, which is deducted from your position automatically." "If your position gets liquidated, we use a deleveraging system so your entire margin doesn't get wiped. If you enter with 10x and reach your liquidation point, instead of closing the whole position we decrease the leverage, moving your liquidation point further away. The market might dip and then rise back, so your position doesn't get closed and you might end up in profit." FT @trysuperpumped
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'Superpotent' Thyroid medication recalled one month after FDA advises against similar tablets
"Superpower's AI is light years ahead". Great quote from a member yesterday: "I've used a lot of different AI tools. Superpower's one of them. I've used Perplexity, Claude, Chat, all of them, and none of them gave me this level of analysis. So to me, Superpower, it's like just light years ahead. And I've input similar data and none of them pinpointed this."
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Superpower CEOs back Spencer Pratt for Mayor as list of mega-donors grows
The SuperPumped (@trysuperpumped) ICO is now open! Follow this link to contribute:
The superpower fueling Jeremy Ruckert in a crowded Jets tight end room