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The Learning Pill 💊
@thelearningpill
Curating crypto alfa, insights and new projects so you can make it // Nothing here is financial advice.
参加 January 2018
1K フォロー中    23.4K ファン
Being bullish is fine. Being bullish without reading the disclosures is how you end up repeating a take that's wrong. @Louround_ went through @RobinhoodApp's actual filing on the $LIT perps integration. What doesn't hold up once you check it against the fine print: 1) "27M Robinhood users just got perps." > Robinhood's exclusion list covers the US, UK, Canada, Switzerland, UAE and Singapore, so most of that 27M-account US brokerage base is locked out. The product is actually live for the EU and 120+ other countries. 2) "Robinhood users are options traders, they won't touch perps." > Robinhood did 586M options contracts last quarter and 320% growth in event contract revenue, and a perp is simpler to use than an option with no expiry or strike to pick. 3) "EU users finally get perps." > They've had them since last year through Robinhood's own regulated product. What's new is single-stock perps and tokenised equities usable as DeFi collateral, not perps themselves. 4) "Massive volume incoming for Lighter." > This deployment runs on a separate, thinner orderbook with market orders only and no stop-loss, built for small flow rather than size. 5) "It's just an integration." > It's the first "Lighter Domain," a franchise model where Lighter becomes the matching engine behind someone else's distribution Enjoy takes like this that actually strips out most of the noise. Majority of the perp DEX trades will come down to one date: August 7. That's when CLARITY either clears the Senate or Lighter's US thesis waits another cycle.
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