Core Contributor @BoltLiquidity | Exec. Director — Bolt Foundation | Prev. @Deloitte
Joined August 2018
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A reactive pool knows when its own state changed. That’s not the same as knowing where the market actually went.
Price discovery and your local inventory are two different signals. Collapsing them into one is the architectural call I’d pass on.
A masterclass on what makes @BoltLiquidity more efficient and less capital intensive than traditional DeFi trading venues.
Arbitrage is the closest thing crypto has to a sync mechanism at the moment but no one is providing a true reference price for markets to converge to.
Bolt is aiming to do just that, become the reference price on-chain to help keep ecosystem prices stay aligned with the market.
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👓 I think this is a good time to test the Hashi testnet.
Why now?
When it first launched, Hashi had quite a few bugs, but it feels much more stable now.
Why should you do it?
So you’ll know how to interact with Hashi when it goes mainnet later, a project that @SuiNetwork is really focusing on.
How to do it?
1/ Get both @unisat_wallet and @SlushWallet.
2/ Faucet BTC on the Signet network and SUI on the Sui testnet. I’ll leave the faucet links in the comments below.
3/ Try depositing and withdrawing BTC on Hashi: testnet.hashi.io
There are clear instructions there to follow.
4/ If you have questions or feedback during testing, join Sui’s Discord server to discuss and help the project improve.
Happy Tuesday!
🤣 It's funny...
Some people are still asking when the $HASHI airdrop is.
Meanwhile, the docs literally say:
There is no $HASHI token.
The only asset Hashi creates is hBTC, minted when native BTC is deposited into the protocol.
Sometimes the best alpha is simply reading the documentation before farming rumors 😂
Now...
What the Hashi testnet might reward?
That's a different story.
And if there's one thing I've learned from @SuiNetwork, they usually have a way of surprising the community and making them happy- who knows? 👀
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The transaction layer is solved. The pricing layer is next.
Every venue still quotes its own stale price. Bolt is building the convergence underneath.
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One of the biggest misconceptions in crypto is that fragmentation is inherently bad.
Fragmentation isn’t the problem. Unsynchronized pricing is.
TradFi spent decades building infrastructure to coordinate prices across fragmented exchanges. On-chain markets are still missing that layer.
That’s the opportunity.
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Fede (@fede_intern) on why AMMs get the price discovery model wrong and what fixes it:
"AMMs: mathematical function, almost anti-capitalistic, can't know prices beforehand. Traders go to Solana or Binance. Ethereum arbitraged."
"Fix: market makers streaming prices on Ethereum at 5ms. Execution on Ethereum. Arbitrage flips to CEX. $200M+ in weeks. Live. Just starting."
AMM era pricing → real pricing. Arbitrage flips. Volume follows prices.
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Pool-dependent pricing means your trade discovers the price.
Oracle-referenced pricing means the price was already there.
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Worth unpacking how 79x is even possible.
In an AMM depth IS the price function so capital sits idle defending the curve to keep slippage low. Velocity caps near 1x.
Bolt moves pricing off the curve using oracle prices, pool just settles, hedges + refills.
Same dollar works all day: 1.28x → 79x.
79x daily capital velocity.
The peer average across 15 other $SUI/USDC pools on Sui: 1.28x.
Here's what that number actually means for aggregators, LPs, and anyone routing volume on Sui 🧵
Worth unpacking how 79x is even possible.
In an AMM depth IS the price function so capital sits idle defending the curve to keep slippage low. Velocity caps near 1x.
Bolt moves pricing off the curve using oracle prices, pool just settles, hedges + refills.
Same dollar works all day: 1.28x → 79x.
79x daily capital velocity.
The peer average across 15 other $SUI/USDC pools on Sui: 1.28x.
Here's what that number actually means for aggregators, LPs, and anyone routing volume on Sui 🧵
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Top-10 ranking means something: the best teams are building infrastructure that solves real constraints.
Privacy. Execution. Capital efficiency.
Sui szn is real.
Today, Sui landed on @FortuneMagazine's inaugural Crypto 100 list, ranked as a top ten protocol.
In just over three years since Mainnet launch, Sui's momentum as one of the industry's fastest-growing networks has been impossible to miss.
Bolt enables liquidity to turn over significantly more often by continuously hedging onchain trades and quickly replenishing liquidity.
Less capital is required to support the same level of trading activity while fees are distributed across a smaller base.
Capital efficiency 📈
