Wagmi 🫡🫡 retweeted
Let's talk Robinhood Chain. If you're building something, show me what you're working on. Drop your questions here. I'll be answering for the next 45 minutes. AMA.
Wagmi 🫡🫡 retweeted
Tomorrow at 2 PM PT
📅 Tomorrow: Robinhood Markets is reporting Q3 earnings live on October 27 at 5:00 PM ET / 2:00 PM
PT — on X, YouTube, in-app, and at investors.robinhood.com.
Tune in to hear directly from @vladtenev and @shivverma: rbnhd.co/earnings-livestream
Wagmi 🫡🫡 retweeted
Like it or not, Cashcat to billions, and the ecosystem will follow.
Its actually that simple.
Once Cashcat establishes itself at a billion+ dollar valuation, you will see a lot more activity on Robinhood.
Study PONS & AI running after Cashcat bottomed and started its move towards 300M.
Both of these 9 figure coins went so high because Cashcat showed the way.
Study how WIF kickstarted Solana season and held at billions throughout the cycle.
I marked August 1st and 20th. You can clearly see the effect Cashcat had on all the other coins.
I actually like how yall have only listed Cashcat for now.
I believe listing other coins will become both possible and smart once Cashcat establishes itself and holds at billions.
The leader raises the ceiling. The ecosystem follows.
I have been a trader and believer of the robinhood eco since day one. So i think my opinion does matter.
Wagmi 🫡🫡 retweeted
A simple model for perp dex valuations ahead of the $VAR tge:
tl;dr: Price and open interest are highly correlated (see images below).
E.g. over the past ~2 years, $HYPE price and Hyperliquid OI have generally followed each other closely.
The same goes for Lighter. Both $LIT price and Lighter OI dropped sharply after TGE before bottoming out over the summer.
The main difference between LIT and HYPE lies in the token valuation relative to exchange OI (FDV/OI).
LIT has traded at an average FDV of 2x the exchange OI whereas HYPE has been ~5x.
Variational OI has increased recently with the launch of swaps and is now >$1b. At a 2x multiple, $VAR would trade around a $2b FDV.
So two questions are worth thinking about in relation to this.
1) What FDV multiple to OI should $VAR trade at?
I.e. is it reasonable to assume $VAR can trade at a 2x multiple similar to $LIT?
In the 2 weeks before the $LIT TGE, Lighter OI was $1.5b and doing $247k/day in revenue. Variational at $1b OI is currently seeing ~$100k/day in revenue flowing to the treasury. So revenue relative to OI on Variational is lower currently.
2) Will OI keep growing post the $VAR TGE?
Hyperliquid OI increased significantly after its TGE whereas Lighter saw a decline of ~50% in the month after $LIT launched.
My understanding is that OI is an important component in terms of earning points on Variational which could cause a drop post TGE as farmers wind down their positions.
If there is large organic demand for swaps however, and with more pairs getting listed, that could help offset the farmer rotation.
In any case, I'll be tracking OI closely around TGE as I believe it will provide some signal on the early price action of $VAR.
Wagmi 🫡🫡 retweeted
Thank you all for showing up with such thoughtful questions. Couldn't get to everyone, but I read them all and the team is taking notes. That's a wrap 🙏
Wagmi 🫡🫡 retweeted
Fair feedback. Summit was a lot of ground to cover, but Robinhood Chain is a big priority for us and we're not going anywhere. The builders who showed up early matter to us. More to share soon.
Wagmi 🫡🫡 retweeted
papertrade launch timing and details
papertrade is expected to launch at 14:00 UTC on 10.10.2026, following the scheduled hyperevm network upgrade.
at this time trading through the frontend will be enabled.
deposits will pause for a short period of time at 13:45 UTC, fifteen minutes before, to ensure that trading has the utmost priority during launch. if you wish to participate in the launch you must predeposit.
launch congestion
papertrade will be congested at the start due to launch demand. expect temporarily long confirmation wait times, especially for smaller notional trades.
the frontend relayer plays an important role during launch, controlling how transactions are submitted to the hyperevm. some actions like staking distributions run separately in big blocks. the chain will always look as if only half of all possible gas is being used, this is optimal. using more than this would exponentially raise fees within minutes to unpayable prices.
oi limits
papertrade has individual atomic position limits of 10m. there is no limit on the number of 10m positions a user can have. papertrade also has floating oi headroom per market/side, which determines how much oi can be opened in a very short period. these are not designed to be triggered through normal trading usage and are set at 1bn per market/side for launch.
asym pnl fee parameters
papertrade inherits rollbit’s asymmetric fee pnl curve
the parameters are:
-baseRate: .1
-rateMultiplier: 15000
-rateExponent: 1
-referenceNotional: 100000*k (k=1m)
-positionMultiplier: 814.598 btc / 483.979 eth
-profit deadman: 0.2 basis points
a visualization of the pnl parameter curve is below
admin keys
the papertrade admins (2 of 3 multisigs consisting of @izebel_eth @blurr @UngusTrade ) perform three separate roles:
-guardian: pause opens and freeze individual/global markets. if a market is frozen any existing positions can still be closed against the paused bbo mid.
-owner: set impact curve and fee parameters. change configure relayers/keepers. list new markets and upgrade the contracts. all contract upgrades are gated by a 7 day timelock.
-markets: adjust the oi headroom per market/side. set the minimum margin and minimum position sizes.
read more about these features at: docs.papertrade.xyz
Wagmi 🫡🫡 retweeted
GCASHCAT
Sending a HUGE thanks to the @upbit team for their support and great partnership throughout this process
And a HUGE thanks to the whole $CASHCAT community for making this possible
Market Support Cash Cat(CASHCAT)
✅ Supported Markets: KRW, BTC, USDT Market
📅 Trading opens at: 2026-09-28 17:00 KST (estimated time)
🔗Discover more:
upbit.com/service_center/not…
#Upbit #CASHCAT
@cashcat_token
Wagmi 🫡🫡 retweeted
신규 디지털 자산 캐시캣(CASHCAT) 거래지원 안내
✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점 : 2026-09-28 17:00 KST 예정
🔗공지 바로가기:
upbit.com/service_center/not…
#Upbit #CASHCAT
@cashcat_token
