in before more people talking to bots than humans on social

🏛️ The Senate Banking Committee voted 13-11 in favor of advancing SEC Commissioner pick Paul Atkins' nomination.

Memes

@unbanksy @ind-igo @hohmward are working on something interesting at @baselinemarkets – specifically rebalancing LPs for better price discovery, floor management – basically something a private MM would do for your big token.

however, i do have some questions:
1. rebalancing LPs -> loosing money due to IL, and IL in concentrated positions is crazy – how is that accounted? wouldn't you need extra supply of both assets on each side for rebalancing when the price goes steadily up or down? if so, where those come from? who "eats" the loss?
2. how "far" this rebalance can be supported?
3. do you hedge IL anyhow?
4. are there any simulations publicly available?
5. i know uniswap is the center of liquidity distribution, but wouldn't a CSMM dex be more suitable for such?

i might be missing something as i obviously haven't read the docs fully – too much to read

A user asked some great questions about @baselinemarkets and wanted to take the time to answer publicly.

I think Baseline is one of the coolest systems being built in crypto, but I don't think many understand wtf we're doing.

So I'll start with a bit of context.

The concept of IL is a bit incomplete on its own. You have to look at it as "inventory risk", how much risk are you taking on for holding this position vs holding spot. Further, it is a very profit-seeking human way of looking at LPing. In context of the BMM, is not only a market maker, it is also the issuer and originator of the asset. It is *completely fine* holding the token forever, therefore, 0 inventory risk. Its a smart contract, with its sole job to ensure the health of the market, via providing liquidity in the pool, lending, and supporting price.

so to answer the questions:

Programmatic Liquidity. Builder of @yesdotmoney with 1 billion tokens coming soon

💰 
@MintoakIndia
, backed by PayPal, acquires Digiledge for $3.5M, marking India's first CBDC-related deal.

Cryptoart

Gm 🤍

‘forget me not’
-now on fdn .22 eth reserve

@alex119 👮🏼 
@Telegram
 has fulfilled 900 requests from U.S. authorities for user information in 2024, with an increase following the arrest of its CEO.

Fellow liquidity enthusiasts:

We just cleaned up the Liquidity Score tooltip on 
@matchaxyz

DEX aggregator by @0xproject. Search and trade over 10 million tokens across 130+ DEXs and 13 chains. It happens on /matcha 🍵.

www.linktr.ee/matcha.xyz

Bitfarms, Stronghold Digital Mining to Deploy 10,000 Miners in Pennsylvania

SuperRare

teddit

the camera on the new iphone is unreal. these are screenshots from facetime… imagine what cinematic mode is like.

hi guys i gotta be honest

my real name isn't ted

Ethereum

Ethereum is the world computer. The universal platform for cryptocurrencies, blockchain apps, stablecoins, and decentralized technologies.

the rollup centric @ethereum roadmap is working

ignore the noise, think long term, and build.

Microstrategy’s stock is up 1,620% since its pivot to bitcoin, far surpassing both BTC and tech giants like Nvidia.

Bitcoin Betting Is Launching an Unstoppable DeFi App for Sports Betting and Prediction Markets With No KYC 
@_bitcoinbetting

you guys i have discovered my future home and neighborhood it is EXACTLY what i have been dreaming of for years it is what i would've built from scratch if it didn't exist

like i may just get in my car tomorrow morning and drive there

Base

starting my friday feeling grateful

thank you all for building @base with us

for believing in the onchain economy 

for supporting each other

it's day one, lots of work to do together 🔵

Bitcoin

Suze Orman Recommends BTC Investing: 'Everybody Should Absolutely Have Exposure to Bitcoin'

Binance and Tokocrypto collaborated with Indonesian law enforcement to crack down on a crypto scam, seizing $200,000 in stolen assets.