Sometimes orders go unfilled (improving every day).
2/
THE MONEY PRINTING GAME:
A pleb's guide to using @Keeper_DAO's hiding game to acquire $Rook below market price and arb it like a pro.
Before reading this thread, please read this one to provide a bit of context:
https://t.co/jLeUJRIjLG
Here we go!
1/
Ok I couldn't resist myself...
— 0x_Infinitum (@CryptoMessiah) February 3, 2021
OOOONNEEE more $Rook post.
Before i get into the REALLY cool shit i want to talk about, let me discuss the arb mining mechanics that were present during the initial distribution phase.
See this image, that's the keeperdao treasury.
1/ pic.twitter.com/Z2sMsZN9jo
Sometimes orders go unfilled (improving every day).
2/
Limit orders on an amm aren't limit orders in the traditional sense. They are actually arbitrage opportunities for keepers. Keepers are bots that operate in the dark forest of ethereum.
3/
Let's say eth is $900 and you want to sell at $1000.
Eth pumps to $1040 rapidly, a keeper fills your limit order for $1000... everyone is happy. But wait... who gets the extra $40 here?
4/
This is where the hiding game comes in.
https://t.co/6sBlUWfw00
When you submit a limit order through the hiding game, @Keeper_DAO takes the $40 (or w/e amount) referenced above (this is MEV) and pushes it to the treasury.
5/
There are 1088 rook tokens / epoch up for grabs.
6/
In this instance, the "mining cost" of rook would be $100k / 1088, or ~$92...
But wait... wtf? Rook is currently priced at $400 on the market...
7/
Hold em? Sell for the $400 price and capture the spread?
That's your call.
8/
1. You're making limit orders elsewhere... might as well use the hiding game and capture this MEV for yourself...
2. Purposefully create arb opportunities to buy rook for pennies on the dollar.
9/
How does one purposefully create an arb op?
Well, imagine setting a limit order where you are willing to sell 1 eth for $1000 (current price is $1600).
KeeperDAO forwards the $600 difference to the treasury. You get your share of Rook.
10/
This is the money printing game.
Create artificial arb --> Get cheap rook --> dump on market --> rinse and repeat.
11/
You can view these treasury contributions here:
https://t.co/EEuR9kcUqS
12/
In its current state, if you submit an arb op where 1 eth is being sold for let's say... 1 dai... you're unlikely to get filled.
So make sure you don't get too fucking crazy here. Make multiple arbs to reach your desired contribution amount.
13/
https://t.co/6sBlUWfw00
.13 weth being sold at $1500 / eth for dai
This creates a $27 arb op for the keeper.
(note... gas is high so the arb op should theoretically be > keeper gas cost... this won't fill)
Note, someone else is paying the gas here, not u.
14/
Be patient, wait for a fill. If it doesn't fill, it's because the arb op is worth less than the gas to fill OR because you did something stupid like selling 1 eth for 1dai.
Once your order fills rinse and repeat.
15/
They will appear under "Rook Rewards"
You can use this as ammo for the next epoch or w/e you want... point is you got rook under market price.
16/
If this gets too competitive, the spread will disappear between mining cost and market price. This means you break even or even lose a bit. Always pay attention to the current epoch's contribution level relative to price.
17/
THE MONEY PRINTING GAME.
Enjoy.
https://t.co/limE2OGcdV
Why would the market have to carry a premium over the mining cost of rook, and what if it doesn\u2019t? Wouldn\u2019t that just kill any incentive to mine rook?
— Clemens Wittmann (@ClemensWittmann) February 6, 2021
More from Investing
🔟Investing Philosophies I greatly admire. Learning from the best Investing Teams out there (that match your Philosophy/Strategy) and improving your own process is one of the best investing hacks. What are some others that you admire?
🔟of my principles at the end.
⬇️⬇️
1⃣ Buffett : Gotta start with the🐐
https://t.co/RKO4BAMbpT
2⃣ Ensemble Capital : @IntrinsicInv @ToddWenning
https://t.co/6Cozku3Vmn
3⃣ Fundsmith : Terry Smith
https://t.co/WqBHvN4RiU
4⃣ Silver Ring Value Partners : Gary Mishuris
https://t.co/hjDC2VBIum
🔟of my principles at the end.
⬇️⬇️
1⃣ Buffett : Gotta start with the🐐
https://t.co/RKO4BAMbpT
2⃣ Ensemble Capital : @IntrinsicInv @ToddWenning
https://t.co/6Cozku3Vmn
3⃣ Fundsmith : Terry Smith
https://t.co/WqBHvN4RiU
4⃣ Silver Ring Value Partners : Gary Mishuris
https://t.co/hjDC2VBIum
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Speech Delay is most common in children nowadays
In ancient times, our grandparents used to follow typical natural way of caring the needs of a child. All they used were more of natural products than chemical based for the growth of child.
One of major step followed was to feed Gurbach Jadd/ Vasa Kommu/ Acorus Calamus for initiating good speech ability in a child. This stem was needed to babies on Tuesdays and Sundays in mother's milk.
Vasa is feed to baby after the 1st bath on 12th day in week. Weekly only thrice it is fed and named as :
Budhwar - Budhi Vasa
Mangalwar - Vaak Vasa
Ravi Vaar - Aayush Vasa
This stem is burnt and rubbed against the grinding stone in mother's milk or warm water to get a paste
The procedure to make it is in the link
https://t.co/uo4sGp7mUm
It should not be given daily to the child. Other main benefits are
1. It clears the phlegm in child's throat caused due to continuous milk intake. It clears the tracts and breathing is effortless.
2. Digestion
For children who haven't got their speech and is delayed than usual should feed this vasa on these days in week atleast for 6months. Don't get carried away with this dialogue
"Some gain speech little late"
In ancient times, our grandparents used to follow typical natural way of caring the needs of a child. All they used were more of natural products than chemical based for the growth of child.
One of major step followed was to feed Gurbach Jadd/ Vasa Kommu/ Acorus Calamus for initiating good speech ability in a child. This stem was needed to babies on Tuesdays and Sundays in mother's milk.
Vasa is feed to baby after the 1st bath on 12th day in week. Weekly only thrice it is fed and named as :
Budhwar - Budhi Vasa
Mangalwar - Vaak Vasa
Ravi Vaar - Aayush Vasa
This stem is burnt and rubbed against the grinding stone in mother's milk or warm water to get a paste
The procedure to make it is in the link
https://t.co/uo4sGp7mUm
It should not be given daily to the child. Other main benefits are
1. It clears the phlegm in child's throat caused due to continuous milk intake. It clears the tracts and breathing is effortless.
2. Digestion
For children who haven't got their speech and is delayed than usual should feed this vasa on these days in week atleast for 6months. Don't get carried away with this dialogue
"Some gain speech little late"
The first area to focus on is diversity. This has become a dogma in the tech world, and despite the fact that tech is one of the most meritocratic industries in the world, there are constant efforts to promote diversity at the expense of fairness, merit and competency. Examples:
USC's Interactive Media & Games Division cancels all-star panel that included top-tier game developers who were invited to share their experiences with students. Why? Because there were no women on the
ElectronConf is a conf which chooses presenters based on blind auditions; the identity, gender, and race of the speaker is not known to the selection team. The results of that merit-based approach was an all-male panel. So they cancelled the conference.
Apple's head of diversity (a black woman) got in trouble for promoting a vision of diversity that is at odds with contemporary progressive dogma. (She left the company shortly after this
Also in the name of diversity, there is unabashed discrimination against men (especially white men) in tech, in both hiring policies and in other arenas. One such example is this, a developer workshop that specifically excluded men: https://t.co/N0SkH4hR35
USC's Interactive Media & Games Division cancels all-star panel that included top-tier game developers who were invited to share their experiences with students. Why? Because there were no women on the
ElectronConf is a conf which chooses presenters based on blind auditions; the identity, gender, and race of the speaker is not known to the selection team. The results of that merit-based approach was an all-male panel. So they cancelled the conference.
Apple's head of diversity (a black woman) got in trouble for promoting a vision of diversity that is at odds with contemporary progressive dogma. (She left the company shortly after this
Also in the name of diversity, there is unabashed discrimination against men (especially white men) in tech, in both hiring policies and in other arenas. One such example is this, a developer workshop that specifically excluded men: https://t.co/N0SkH4hR35