在线娱乐订阅（Netflix、Spotify、Disney+） 区域限制：国内卡付不了美区 共用账号？老被踢，不安全 代充月付？随时跑路 MiPay 怎么做： USDT 充值钱包 生成虚拟卡，设消费限额 绑定订阅服务，自动扣款 就这么简单。 Mipay下载链接： 官方中文客服群： Online entertainment subscriptions (Netflix, Spotify, Disney+) Regional restrictions: Domestic cards cannot be used to pay in the United States. Shared account? I get kicked all the time, it’s not safe Charge monthly payment? Run away at any time How to do MiPay: USDT recharge wallet Generate a virtual card and set consumption limits Bind subscription service and automatically deduct payment It's that simple. Mipay download link: Official Chinese customer service group:

家人医疗/保险缴费 家人生病急用钱，跨国汇款来不及 保险缴费逾期，自动断保 银行周末不处理，干着急 MiPay 怎么做： 工资USDT实时充值 人民币汇款到家人银行卡 7×24小时可用，1小时内到账 就这么简单。 Mipay下载链接： 官方中文客服群： Family medical/insurance payments A family member is sick and needs money urgently, but it’s too late to remit cross-border money. If the insurance premium is overdue, the insurance will be automatically terminated. The bank doesn't process it on weekends, so I'm in a hurry. How to do MiPay: Salary USDT real-time recharge Remittance in RMB to family members’ bank cards Available 7×24 hours, payment will be received within 1 hour It's that simple. Mipay download link: Official Chinese customer service group:

和Quant Alex @StochAlex07 讨论： SABR Theta与Spot Theta+Vol Theta+Cross Theta的异同与应用，以及SABR模型自洽性分析。 **English Summary of the Chat** **SABR Theta vs Spot Theta + Vol Theta + Cross Theta** The conversation between **Alex Wu** (white bubbles) and **Jeff Liang** (green bubbles) is a technical discussion focused on **SABR Theta versus Total Theta** (i.e., Spot Theta + Cross Theta + Vol Theta), model self-consistency, PDE residual, and the correct definition of SABR Greeks. ### Key Points Discussed: 1. **SABR Gamma = Spot Gamma** (first major question, raised by Jeff) Jeff asked whether SABR Gamma (\(\partial^2 P / \partial F^2\)) is identical to Spot Gamma and whether it includes the dependence of \(\sigma_B\) on \(F\). He also provided the full chain-rule expansion of SABR Gamma in terms of Black-76 Greeks. Alex confirmed the understanding and **later affirmed in code** that this is exactly how SABR Gamma is implemented in their system. 2. **SABR Theta vs Total Theta and Model Self-Consistency** (main topic, led by Jeff) Jeff shared a clear 3-point understanding: - SABR Theta is computed directly via the SABR approximation formula to obtain \(\sigma_B\), then applying the Black-76 chain rule: \(\partial P/\partial t =\) BS_Theta(\(\sigma_B\)) + BS_Vega \(\cdot \partial\sigma_B/\partial t\). - Total Theta is the exact decomposition from the SABR PDE (Spot Theta + Cross Theta + Vol Theta). - When the model is **fully self-consistent** (Residual = \(\partial P/\partial t + \mathcal{L}P = 0\)), SABR Theta = Total Theta; otherwise the difference is the unexplained PnL caused by the approximation error in the Hagan formula (especially pronounced in long-dated, high vol-of-vol, or high-skew options). 3. **Practical Implication – Theta Decomposition Decision** (comment by Alex) Alex noted that whether to perform Theta decomposition depends on the risk-management approach: - Without decomposition → use SABR Gamma vs. dP/dt. - With decomposition → SABR Gamma maps to Spot Theta, Vanna to Cross Theta, and Volga to Vol Theta. **Overall Tone**: The discussion is highly technical and collaborative. Jeff drives the conversation by asking clarifying questions and presenting a well-structured 3-point summary of his recent study. Alex provides confirmations, practical insights, and code-level validation. Both participants demonstrate a strong command of SABR model nuances, particularly the relationship between approximation error, PDE residual, and real-world risk management.

Over the past two weeks, our team XDO has been working closely with @worldlibertyfi — and honestly, it’s been a real surprise for me. 最近两周，我们团队XDO开始和 @worldlibertyfi 密切合作，狠狠的教育了我！ Tbh, I had my own stereotypes at the beginning. Trump-backing, access to top-tier global resources — I assumed the team would be the type like: big vision, endless resources, everyone coming to them instead of the other way around. I mean, you can easily afford to be a “laid-back” team with this level of privilege and prestige.😂 说实话，刚开始接触的时候我是有刻板印象的。总统家族背景，全球顶流资源，我assume团体风格会是：愿景很大、资源很多，一定是所有的资源去找他们。可以猜想这种有顶级资源的美国团队有多么躺。 But after two weeks of working with them, I was genuinely impressed — even humbled. 但接触下来非常惊喜，甚至教育到我。 On nye, co-founder @ZachWitkoff was still handling interviews job. By Jan 2nd — when most people were still in holiday mode — their entire team was fully back in action. Every sync was well-prepared, execution was fast, and nothing was half-hearted. Even though many team members didn’t come from a Web3 background, everyone was actively and intensely learning. In every discussion, they consistently identified the single most critical key to success, made fast decisions, and mobilized the entire team to execute. From @ZachWitkoff & @zakfolkman founding-team-level market strategy decisions to execution, implementation, and even contract reviews — all of that can happen within a single day. 新年当天，Co-founder @ZachWitkoff 还在处理这面试的工作。1月2号，当大多数人还在休假模式的时候，他们已经全员到岗火力全开了。每次对接，准备充分，执行迅速，一点不含糊。虽然，很多人之前没有Web3背景，但是每个人在饥渴的学习Web3的知识。并且每次探讨中，总是可以找到决定事情成功的最核心的KEY，然后快速决策并全团队响应执行。是的，从大市场战略的Founding team决策到对其执行到落地执行包括审核合同，一天足以。 This made me reflect: why is a team with such a background working even harder than many startup founders? 这让我开始反思：为什么有这种背景的团队，反而比很多一般的创业者还拼？ My guess? Because the whole world is watching. If a normal project fails, you pivot and start over. But WLFI is different — with this kind of background, success is expected. That expectation pushes the founding team to focus on how to succeed even more. That pressure forces them to put in 200% effort to prove that what they build goes far beyond what their so-called “background” could ever hand them. 我猜的——因为全世界都在看。普通项目失败了，换个赛道重来就是。但 WLFI 不一样，顶着这种背景，成功变成了是应该的。所以，整个创始团队更聚焦在如何可以更加成功！这种压力，逼着他们必须用 200% 的努力去证明自己可以做的事情要远远超过他们“所谓的背景”可以给予的。 Another detail I noticed: their execution logic is extremely clear. It’s not the “we have resources, let’s just throw money at it” mindset. They are deliberately building long-term value step by step. They value every partner and every dollar — while also knowing how to turn those into weapons for rapid market capture. And when it comes to critical decisions, they don’t hesitate to invest heavily. You can imagine what this combination can ultimately become: top-tier resources + top-tier execution + a massive market = Massive future for @worldlibertyfi $USD1 By the way, this also validates a thesis I shared in my previous article (link below): in 2025, stablecoins are increasingly becoming the bridge to mainstream assets. Sustainability at the business level matters — and this is exactly the direction we’ve been betting on. 而且我观察到一个细节：他们团队做事的逻辑非常清晰，不是那种「有资源就随便造」的心态，而是真的在一步步构建长期价值。珍惜每一个合作伙伴，珍惜每一分钱，但是同时这些也可以成为快速抢占市场的武器。对于关键事情上，丝毫不吝惜。我们可以想象这种组合——顶级资源 + 顶级执行力 + 超级大的市场 WLFI USD1可以成为什么样最终形态。顺便说一句，也验证了我在之前一篇长文里的思考，今年稳定币成为连接主流资产的趋势越来越明显了。业务本身的可持续性。这也是我们一直在押注的方向。 So YEP! My view on WLFI has completely changed. This is a team that genuinely takes execution seriously, and have the power to make all dreams come true. 所以我现在对 WLFI 的看法彻底改变了。至少从合作体验来说，这是一个认真做事并且有实现造梦能力的团队。 If people with backgrounds are working this hard, what excuse do those without one have to be laid-back?? 「Don't make excuses for not being where you want to be. It usually comes down to not trying hard enough, or focusing on the wrong things.」 「Jiayi never used to create anxiety. But from now on, anxiety and self-reflection start with Jiayi.」 有背景的人都在拼命，没背景的凭什么躺平？ 「不要给自己的不够优秀找借口。大多数就是自己不够努力，或者努力方向不对！」 「Jiayi之前不制造焦虑。但是从现在开始，焦虑和反思从Jiayi开始。」 Side note: after deeply engaging with the founding team, I started allocating heavily into $ALTS (already 100% in profit so far) and $WLFI. I’m happy to say that so far, the results have been very encouraging. 题外话： 正式因为深度的接触了创始团队后。我开始重仓WLFI的DAT股票 $ALTS (且翻倍了）和 $WLFI。很开心，目前为止，让我看到了好的结果。 LONG Crypto 🚀 LONG Stablecoin 🚀 LONG Myself

还国内信用卡/花呗 海外工资还国内账单？跨境汇款慢 私人换汇？怕被冻卡 银行电汇？手续费贵到肉疼 MiPay 怎么做： USDT 兑换为人民币 直接还款到支付宝/微信绑定的信用卡 T+0 到账，手续费仅1.5% Mipay下载链接： 官方中文客服群： Pay domestic credit card/Huabei Pay domestic bills with overseas wages? Cross-border remittance is slow Private currency exchange? Afraid of being frozen Bank wire transfer? The handling fee is so expensive that it hurts How to do MiPay: Convert USDT to RMB Repay directly to the credit card bound to Alipay/WeChat T+0 deposit, the handling fee is only 1.5% Mipay download link: Official Chinese customer service group:

作品上新 番号 驯化完全人妖母狗奴隶 - 颜面骑乘 榨精 寸止 完整视频 或加电报 或直接推特私信 VX.QQ不常回 出演: 女王 @SM14839783 @abbykitty0606 @abbykitty0707 玩具: #山海坊主# @MSCSHFZ 你知道完全驯化的人妖母狗是什么样子的吗？ 一张美丽的脸庞 常常被要求做瑜伽的修长身材 下面却有着不为人知的秘密 一位美女被女主从笼子里面拖了出来 看她的眼神似乎已经很久没有发泄她的欲忘了 她恭敬的将女王的鞋子脱掉 习惯性的将鼻子凑上深吸一口气 因为闷着好几天 女主淡淡的香水味夹杂着闷臭的汗味 一股浓浓的刺鼻味马上 女主将脚完全塞入这欲女的嘴里 接着把她推倒 女主直接用丰满的美臀压制在女奴美丽的脸庞上 让女宠兴奋不已 不自觉的手就开始抚摸自己下体 马上被女主呵斥阻止 双手被主人踩在地上 臀不不停的来回磨擦着女宠的脸 美丽的妆容似乎被蹂躏的面目全非 接着被牵引到笼子上方M字腿五花大绑 女王为女宠套上头套并将丝袜脱下塞进她的嘴里 接着将好几颗情趣蛋塞入门 女奴说：好涨！好涨 但是女王没有放过她 接着塞入前列腺按摩肛塞 这样跳蛋就出不来了 接着寸止却不能射 再用冰块冷却 再把贞操锁锁回去 一切的一切都太残酷了 最后按摩棒抵着贞操锁强制榨精 原来一条母狗是这样诞生的 艾爷工作室 @abbykitty6666 #支持原创# #拒绝黄牛# AB106 Conpletely domesticated kinky sissy slave- face sitting cumshot edging (Chinese and English subtitles) Do you know what a fully domesticated sissy bitch looks like? A beautiful face A slender figure who is often asked to do yoga There is an unknown secret underneath A beautiful woman was dragged out of the cage by the Mistress The look in her eyes seemed like she hadn't vented her desires for a long time. She respectfully took off the Mistress's shoes Habitually bring your nose up and take a deep breath Because it was bored for several days The Mistress's faint scent of perfume is mixed with the stifling smell of sweat A strong pungent smell immediately The Mistress put her feet completely into the mouth of this horny girl Then push her down The Mistress directly presses her plump buttocks onto the slave girl's beautiful face Make your favorite girl excited Unconsciously, her hands began to touch her lower body She was immediately scolded and stopped by the Mistress Her hands were stepped on the ground by her Mistress The buttocks kept rubbing her face The beautiful makeup seems to have been ravaged beyond recognition Then she was led to the top of the cage and tied with M-shaped legs The Mistress put a hood on her slave, took off her stockings and stuffed them into her mouth Then she stuffed several vibrating egg into the asshole The slave said: It’s so hot! So good But the Mistress didn't let her go Then insert the prostate massage anal plug This way the vibrating egg won't come out. Then she stopped but couldn't cum Cool with ice cubes her dick Put the chastity lock back on Everything is too cruel Finally, the vibrator pressed against the chastity to extract semen. It turns out that this is how a female dog is born

机器人的手能有多灵巧？它捏着线头轻松穿过针眼，你能做到这么稳吗？#2026世界智能产业博览会# #天津# How dexterous can a robot's hand actually be? It can thread a needle without a single tremor. Can you stay that steady? #WIE2026# #Tianjin#