Wyatt Raich

Wyatt Raich@wyattraich · 8 天前赛道影响

Leveraged systems rarely fail where the risk models look. They fail at the assumption underneath. Here it's collateral. The desks are hedged fine: what they posted is pledged down a chain, and when funding seizes they can't reach their money. When a venue takes leverage, the real question is simple: under stress, is your collateral still yours, or is it quietly funding someone else's position? On a non-custodial exchange it's still yours. A contract you watch on-chain, not rehypothecated. You can't stop every stress event, but a funding shock can only reach collateral that entered the lending chain. On @hellotradeapp it never does.

AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。

Wyatt Raich@wyattraich · 2026/06/16政策影响

On and off ramps are still extremely fragmented across method, region, token, currency, and chain... New methods & smoother UX have consistently opened entirely new cohorts of users across consumer DeFi apps. The team has spent multiple sprints optimizing this flow with our users. Hundreds of assets, multiple chains, 10+ global currencies in one seamless UI. This is one of those features that will consistently require updates as regulatory and operational hurdles clear. HelloTrade will keep shipping.

AI：偏政策推进，强调合规落地与规则明晰，对监管主线更敏感。

Wyatt Raich@wyattraich · 2026/06/02观点输出

Excited to work with Monad to bring our vision to life. Lots more to come.

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Wyatt Raich@wyattraich · 2026/05/28观点输出

RT @hellotradeapp: [Alpha Test Log 002] We continue to release more spots in our Alpha testing experience. With this sprint, we focused on…

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Wyatt Raich@wyattraich · 2026/05/22观点输出

Too bad Klarna wasn't around when Laszlo bought that pizza

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Wyatt Raich@wyattraich · 2026/05/21观点输出

@MaksimXBT Access?

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Wyatt Raich@wyattraich · 2026/05/21观点输出

Important to note that any of these trading methods can be mirrored on an orderbook but an orderbook cannot be mirrored elsewhere.

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Wyatt Raich@wyattraich · 2026/05/21赛道影响

I do not understand the debate between orderbooks, RFQ and AMM trading models for broad RWA perps. Orderbooks are great for realtime liquidity and price discovery, this has been proven by weekend volumes on closed underlying markets. They are however very capital intensive to bootstrap when there is not natural demand in a market. RFQs are better suited for large block trades to optimize for slippage, especially on less liquid markets. BlackRock's trading desk for example routes legs of large orders across many different algos on orderbooks and direct to counterparties via RFQ to reduce price impact. In crypto, daily RFQ volume on majors is massive, and on alts they are often used to preserve privacy and limit price impact. AMMs and bonding curves are especially effective at bootstrapping liquidity as it is simple for anyone to market make (LP), but often comes at the expense of capital and market efficiency for both sides of a trade. There is no one size fits all for any asset class or market. As a result, we will be supporting a multitude of trading models to address user's needs for breadth, depth, and 24/7 trading. This is only possible by owning the underlying infrastructure and allocating liquidity on books to the highest demand pairs. Ideally an end retail user should end up with the best possible execution for the exposure vehicle and order of their choice.

AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。

Wyatt Raich@wyattraich · 2026/05/20观点输出

@deTEfabulaNar_ Never!

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Wyatt Raich@wyattraich · 2026/05/20观点输出

HelloEng shipped 164 bugs fixes and UI/UX improvements in the last two weeks. 208 users across 8 countries participated in alpha testing. Api integrations and load testing this week. Building momentum and focusing on our customers.

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。