Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile
Jarry Xiao πŸ¦β€πŸ”₯🌐

@jarxiao

co-founder @ellipsis_labs | building @atlasxyz | previously invented compressed NFTs @solana, built HFT systems for options

ID: 1252390833418092544

calendar_today21-04-2020 00:17:09

1,1K Tweet

8,8K Followers

944 Following

Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

Want to try profiling Atlas? πŸ‘€ We’re not an Agave fork so there’s probably a bunch of stuff that we do differently, some better some worse.

Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

One consequence of hyper-financialization is that everything starts to look like a shitcoin. Something I think about a lot is crypto’s ability to both amplify speculative price discovery and facilitate better market mechanisms. Striking the balance is an unsolved problem.

One consequence of hyper-financialization is that everything starts to look like a shitcoin.

Something I think about a lot is crypto’s ability to both amplify speculative price discovery and facilitate better market mechanisms.

Striking the balance is an unsolved problem.
Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

I will be speaking at Solana Accelerate this morning! I will be talking about how Atlas scales the SVM. Our team’s edge is our ability to synthesize our knowledge of blockchain, technology, and markets. I’m excited to share some of our insights with the Solana community.

I will be speaking at Solana Accelerate this morning!

I will be talking about how <a href="/atlasxyz/">Atlas</a> scales the SVM.

Our team’s edge is our ability to synthesize our knowledge of blockchain, technology, and markets.

I’m excited to share some of our insights with the <a href="/solana/">Solana</a> community.
Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

Crypto can enable capital formation for credible enterprises while minimizing friction, but today's mechanisms are extractive and broken. Enter Gavel : - Sniper-resistant auctions for sourcing capital - Day 1 price discovery without frontrunning Internet Capital Markets

Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

Last year, we designed and implemented a new DEX that could protect users from atomic frontrunning. I was disappointed that the only thing we shipped was a blog post. Today, we finally shipped the world's first sandwich-resistant AMM to production! 🚫πŸ₯ͺ

Last year, we designed and implemented a new DEX that could protect users from atomic frontrunning.

I was disappointed that the only thing we shipped was a blog post.

Today, we finally shipped the world's first sandwich-resistant AMM to production!

🚫πŸ₯ͺ
raj πŸ–€ (@rajgokal) 's Twitter Profile Photo

if this works as advertised, this is huge. huge alpha in the first high profile token launches that use this snipe-resistant AMM design.

Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

I was helping one of the Ellipsis Labs engineers debug some code, but I couldn’t figure out how to use his keyboard. It turns out that he uses Vim bindings with a Dvorak layout. You’re not bullish enough on this team, anon.

Accretion | Solana Audits (@accretion_xyz) 's Twitter Profile Photo

We're very proud to have done the final audit on the Gavel sandwich-resistant AMM by Ellipsis Labs. If you're a Solana dev, we strongly recommend to take a look at this code. It's using just solana_program instead of anchor and unlike many other non-anchor programs its very

Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

Both displayed (public) and hidden (private) liquidity play important roles in market structure. Displayed liquidity allows prices to converge. When market makers compete, a reasonable matching engine will ensure that users get filled at similar, fair prices. Public information

Gavel (@gavelxyz) 's Twitter Profile Photo

The next phase of Gavel's burn mechanism has begun βœ… Gavel's AMM is for transient liquidityβ€”good for early price discovery, but outcompeted on efficiency by more mature on-chain liquidity like Phoenix πŸ”₯πŸ¦… or SolFi. So liquidity is withdrawn and used to buy-and-burn the

The next phase of Gavel's burn mechanism has begun βœ…

Gavel's AMM is for transient liquidityβ€”good for early price discovery, but outcompeted on efficiency by more mature on-chain liquidity like <a href="/PhoenixTrade/">Phoenix πŸ”₯πŸ¦…</a> or <a href="/SolFiAMM/">SolFi</a>.

So liquidity is withdrawn and used to buy-and-burn the
Ellipsis Labs (@ellipsis_labs) 's Twitter Profile Photo

If you missed Jarry Xiao πŸ¦β€πŸ”₯🌐 at Accelerate last week, here he is explaining how we’re scaling verifiable finance. He breaks it into: Scaling readsβ€”web2 vs crypto solutions Scaling writesβ€”through opinionated sequencing Scaling replicationβ€”via real time state root calculation

If you missed <a href="/jarxiao/">Jarry Xiao πŸ¦β€πŸ”₯🌐</a> at Accelerate last week, here he is explaining how we’re scaling verifiable finance.

He breaks it into:
Scaling readsβ€”web2 vs crypto solutions
Scaling writesβ€”through opinionated sequencing
Scaling replicationβ€”via real time state root calculation
Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

TL;DW β€’ The blockchain read layer should be a set of programmable read replicas. β€’ Exclusive bandwidth ensures that spam won’t block important state updates. β€’ A verifiable state hash makes it easy to ensure consistency across replicas.

Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

The Gavel smart contract has a simple premise: take the token distribution pie charts that teams blast online as marketing fuel and enforce them programmatically. There's no fancy financial engineering, it's just transparent accounting.

defi guy πŸ”₯πŸ¦… (@0xshittrader) 's Twitter Profile Photo

The CT conversation about designing infrastructure for orderbooks is eerily similar to the AMM discourse in 2021. These are complex systems with tons of emergent properties that are difficult to predict from first principles. Winners test in prod to tighten feedback loops and

Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

One helpful mental model for almost all software is that a complex backend needs all of the following: - ConfigParser: Bespoke configuration for the system - Runtime: Control over compute resources (OS/green threads) - Channels: Message passing between components - Telemetry:

Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

Designing a perp DEX requires the implementer to have a thorough understanding of (1): - Matching engine microstructure - On-chain programming semantics - Computational limitations - Leverage and risk (price risk, market design risk, oracle risk, administrative/operational risk,

Jarry Xiao πŸ¦β€πŸ”₯🌐 (@jarxiao) 's Twitter Profile Photo

The biggest advantage of CLOBs is that they are easily interpretable. Every price level has a fixed supply: removing lots by crossing is similar to buying items from a vending machine. You can reasonably explain the mechanics to a sharp high school student. This simplicity is