So there's a lot of talking about "Anthropic arbitrages" To the best of my understanding though it's pretty straightforward. There are platform trading valuations (a) and there are platform trading shares (b). A are: Variational, Binance, Polymarket, Lighter, Hyperliquid(io) B are: Hyperliquid(XYZ) Trading Hyperliquid/Variational is NOT an arbitrage. However, there ARE real arbitrages: 1. Polymarket is currently trading almost 15% off Vari/Binance/Lighter, yes the OI is very small ($300k on Polymarket), but it's a real difference. 2. Every now and then Lighter trades off vs Variational. To go more in-depth on these type of arbitrages. A. You can hedge same $ quantity, in this case essentially you're longing MORE shares than you're shorting (because on the short leg, shares cost more than on the long leg). This means that your premium that you're capturing is denominated in shares (so you're neutral + long ANT). B. You can hedge same ANT quantity, in this case you're fixing the dollar payoff.

On June 25, 2024, two days after Jason Derulo's JASON token launched, Ansem's sub-wallet 3bzbmH78ceeg8fn4MKpB5jjv51SZVPCQ59f7ZWbE1uUs - received 504.5 SOL (about $69,000) in two exchange withdrawals and forwarded 377.43 SOL (about $52,300) to his main 2024 wallet AVAZvHLR2PcWpDf8BXY4rVxNHYRBytycHkcB5z5QNXYm the same day. The same hot wallet had already paid the sub-wallet once, three weeks before: 99.06 SOL (about $16,400) on May 31, 2024 at 00:27 UT C, three days after the MO THER launch and five days after JENNER. A repeat payout from one service wallet is consistent with the same person withdrawing through the same exchange account twice. Full transaction hashes: Inflow 1: kJ6eocrYBFYdNckp2RbiM33rmTu7S9WYZ3yw5LtFxniBrsfogtVtipXrwLkYRotmgy3YPCsA8JtZahihWZbneGA Forward to main wallet: 2J4YQ6HYiqJqKxRSSkB2Tnyp2ZxQcu4mNmsjTsdCrBghYnzXWWorAScpwX9CxfA1usi3znxWnzd6Hfe4NLDKhc5G Inflow 2: 3Hp8wctjNFVMPQZAsSV799PHLj9ZkwZ6yzwyCyBheghyYz8uM9YQeVgib5e6PmNSim9ztGHNT7FeCGWThK37w3hd (Pic credits; Solana Breakpoint)

heres what i think about Variational if anyone gives a flying fk - Its a good platform, filling a large gap in the market, Im a day one user still to day i use it as main dex - regarding its mechanism single provider for rfq shit => well thats the model of variational omni, its already been clear from day one - so no value leak to other external mm, but as a user it definitely hurts (not getting good fills ) - but as they say, in variational pro will allow anyone to provide quote on any asset => mebbe later down the line the pro model will be integrated in the omni so all the subset (who provide on pro) will get access to the omni flow (speculation from my side) concerns: - lately the spreads hv widened a bit, all the yield goes to OLP (no access to normal user as of now) => so that farmed moni is getting paid to whoever moni is in the vault, its not clear whos providing the moni (mebbe its the people who wanted to bet on the team and didnt had the bandwidth to click the bttns😂😂😂) although its not much of a deal me think as far as crypto go, but yeah these mini differences are what makes one project different from hyperliquid if the OLP was open to all then most of us arguing here would be happy about the yield, but me think we will get the access after tge TL;dr: its not worth it to arguing imo, and dont u know founders who run the project they dont know that shid(they dooo), they are spending every fking hrs of their time on the project. although i agree the molesting works sometimes 😂😂 also the team is very good in execution(pardex is my bar) so far i dont have any complain as a normal user you can't do much tbh just keep clicking bttns, and just hope for the best.

three of my KOLless coins cucking so hard, but they are worth looking into, so heres a list 1. $TREE (@TreeNewsFeed ): everybody use this product in one way or another macp is 17m, 100% of the revenue goes to buyback and burn the token 2. $TRUE (@Trueo_ ) by @llamaonthebrink: Its a prediction market on BASE, with some interesting mechanism FDV: $1.5mill 3. $WCHAN (@WalletChan_ ) by @apoorveth : A wallet with built in privacy, supports batching, Account abstarction and much more FDV: $200k I'm lazy afk now, so if you wannd dig deep, go ahead