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Since they stated the oracle would track price per share upon IPO, then it shouldn't come as a surprise the market reacts as it does upon announcements that state changes in total shares. That's part of what you are implicitly trading.
Since they stated the oracle would track price per share upon IPO, then it shouldn't come as a surprise the market reacts as it does upon announcements that state changes in total shares. That's part of what you are implicitly trading.
From shared posts of what tradexyz stated when launching the pair, it doesn't seem unclear to me what the oracle would track if you also check their documentation on how their internal and external oracle pricing works.
From shared posts of what tradexyz stated when launching the pair, it doesn't seem unclear to me what the oracle would track if you also check their documentation on how their internal and external oracle pricing works.
banana
banana
If you misunderstand what a perpetual's oracle tracks, then you are far more likely to lose money trying to trade it
If you misunderstand what a perpetual's oracle tracks, then you are far more likely to lose money trying to trade it
The main point to understand about trading perpetual futures is the key pricing mechanism is the oracle which creates funding arbitrage when it deviates from mark. You need to understand what the oracle tracks in order to avoid being caught offguard when trading a perpetual future, and also understand mark price can still depeg from the oracle during various situations. The mark price is a function of last trades and orderbook (varies per exchange : read how this works for every exchange), and this is overall driven by how the free market behaves
The main point to understand about trading perpetual futures is the key pricing mechanism is the oracle which creates funding arbitrage when it deviates from mark. You need to understand what the oracle tracks in order to avoid being caught offguard when trading a perpetual future, and also understand mark price can still depeg from the oracle during various situations. The mark price is a function of last trades and orderbook (varies per exchange : read how this works for every exchange), and this is overall driven by how the free market behaves
old
old
ur old
ur old
You are only trading implicitly expected share counts / market valuation through funding arbitrage in the case of pre-IPO markets.
You are only trading implicitly expected share counts / market valuation through funding arbitrage in the case of pre-IPO markets.
Perpetual futures have no shares to speak of
Perpetual futures have no shares to speak of
?
?
https://x.com/WatcherGuru/status/2064078177035592098?s=20
https://x.com/WatcherGuru/status/2064078177035592098?s=20
<:catokay:1376522041745735741>
<:catokay:1376522041745735741>
- Please carefully read what you are trading before trading it
- Please carefully read what you are trading before trading it
lets go
lets go
Spanisafud
Spanisafud
otherwise you wouldn't be saying tradexyz 'caused' anything, literally makes 0 sense
otherwise you wouldn't be saying tradexyz 'caused' anything, literally makes 0 sense
From this conversation we've had, highly doubt you even understand the difference between longing a perpetual future and buying a token or stock share is
From this conversation we've had, highly doubt you even understand the difference between longing a perpetual future and buying a token or stock share is
To all HL users: Please carefully open positions on all markets. If you think you are trading something else than what the docs tell you how the market works, that can cause serious losses. For example if you open a PURR-USDC long position thinking you are buying Purr DAT's stock, then there is a serious misunderstanding an issue with what you are doing and can cause you to lose money. I don't have FUD; I'm stating facts.
To all HL users: Please carefully open positions on all markets. If you think you are trading something else than what the docs tell you how the market works, that can cause serious losses. For example if you open a PURR-USDC long position thinking you are buying Purr DAT's stock, then there is a serious misunderstanding an issue with what you are doing and can cause you to lose money. I don't have FUD; I'm stating facts.
if you're trading in a market that will converge to price per share via funding arbitrage, but you choose to trade something else in your head, that is seriously your own problem to deal with for not doing the proper research needed before opening positions
if you're trading in a market that will converge to price per share via funding arbitrage, but you choose to trade something else in your head, that is seriously your own problem to deal with for not doing the proper research needed before opening positions
There is no market which will do that for you
There is no market which will do that for you
'protect' users who do not understand what they are trading?
'protect' users who do not understand what they are trading?
and it knew what was being traded was implicit expectation of price per share
and it knew what was being traded was implicit expectation of price per share
the funny thing is: tradexyz did nothing because the market being traded was clear from day one the only thing that moved the price was the free market
the funny thing is: tradexyz did nothing because the market being traded was clear from day one the only thing that moved the price was the free market
you aren't buying tokens or stocks or spot on any perpetual market
you aren't buying tokens or stocks or spot on any perpetual market
Ok, but you ***aren't*** buying stocks on Hyperliquid's HIP-3 deployed perpetuals
Ok, but you ***aren't*** buying stocks on Hyperliquid's HIP-3 deployed perpetuals
Quote exactly what was stated with proof? porhto at least shared a tweet which makes it clear to me it would settle to price per share
Quote exactly what was stated with proof? porhto at least shared a tweet which makes it clear to me it would settle to price per share
I don't need to know how many apples there are circulating in the USA if I want to buy 10 from walmart
I don't need to know how many apples there are circulating in the USA if I want to buy 10 from walmart
this is a simple thing to understand
this is a simple thing to understand
it doesnt need to disclose 'total shares' because it doesn't matter with respect to how their oracle is constructed!
it doesnt need to disclose 'total shares' because it doesn't matter with respect to how their oracle is constructed!
funding will implicitly create the arbitrage and so on. The market otherwise is free to be traded
funding will implicitly create the arbitrage and so on. The market otherwise is free to be traded
once IPO happens, oracle will track price per share
once IPO happens, oracle will track price per share
i dont find anything clear or unclear about what I currently see : SPCX on xyz is a pre-IPO on price per share
i dont find anything clear or unclear about what I currently see : SPCX on xyz is a pre-IPO on price per share
same way saylor 'caused' all longs to lose money cus he sold 32 BTC am i right
same way saylor 'caused' all longs to lose money cus he sold 32 BTC am i right
'caused' like bro
'caused' like bro
I have every interest in correcting what I see as misinformation which in my opinion you guys have been spouting all day.
I have every interest in correcting what I see as misinformation which in my opinion you guys have been spouting all day.
Because you guys are spreading FUD that seems to stem from your own losses. Condolences for those, but it is what it is if you don't understand what you are trading.
Because you guys are spreading FUD that seems to stem from your own losses. Condolences for those, but it is what it is if you don't understand what you are trading.
if you are mistrading against the market because of your own lack of information/misunderstanding, I think the fault lies on you.
if you are mistrading against the market because of your own lack of information/misunderstanding, I think the fault lies on you.
in which case that market is entirely self-discovered by the traders in it
in which case that market is entirely self-discovered by the traders in it
this is what xyz uses when there is no external oracle is that correct? aka, what pre-IPO markets would use as oracle?
this is what xyz uses when there is no external oracle is that correct? aka, what pre-IPO markets would use as oracle?
Only thing wrong I see here is your understanding of how these various markets operate
Only thing wrong I see here is your understanding of how these various markets operate
what is wrong with their oracle?
what is wrong with their oracle?
the only thing xyz can get 'wrong' is their oracle here
the only thing xyz can get 'wrong' is their oracle here
there are perfectly legitimate reasons why one may want to trade a pre-shares market as opposed to cap, even if it doesn't suit you.
there are perfectly legitimate reasons why one may want to trade a pre-shares market as opposed to cap, even if it doesn't suit you.
both are legitimate markets in their own right as long as its made clear what you are trading
both are legitimate markets in their own right as long as its made clear what you are trading
xyz is a pre-market for shares other exchanges which have rebased are trading cap?
xyz is a pre-market for shares other exchanges which have rebased are trading cap?
This is why everyone needs to DYOR before they trade any derivative on any exchange???
This is why everyone needs to DYOR before they trade any derivative on any exchange???
You are literally trading a different premarket derivative on different exchanges you are referring to, I'm not sure what is unclear here.
You are literally trading a different premarket derivative on different exchanges you are referring to, I'm not sure what is unclear here.
???
???
Why wrongly assume they're all the same across all exchanges because of a common name?
Why wrongly assume they're all the same across all exchanges because of a common name?
This is just how xyz have decided to run their pre-IPO market then, which of course may differ from other exchanges or even deployers.
This is just how xyz have decided to run their pre-IPO market then, which of course may differ from other exchanges or even deployers.
Hyperliquid