whalepool

@wpcommunityfund

wp community fund

Public team

Joined on May 15, 2021

  • What is the purpose of integrating a token, and how should it be designed from a first-principles approach in order to accomplish that goal? Is raising via equity sale a viable option as opposed to launching a token? Under what circumstances? Common tactic of Trading Firms to make large investments in locked tokens and goad ppl into pumping in short- and medium-term and then not caring if it's down significantly in secondary market because even if its -90% they are up 10x We are not in a capital-constrained market environment: teams with solid devs and ideas dont "need" VC money, theres plenty in the broader space but often limited to secondary market Pre-product vs post-product team strategies
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  • Privacy on bitcoin Smartcontracts on bitcoin Security budget
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  • Tell us about your journey as a team and project from BSC to Solana Investin allows for anyone on chain to create a fund and take investors and generate returns -- tell us how this works from: accounting properly for different tokens that people invest with (SOL, USDC, etc) normally when someone is running a Fund, there is a "home currency" like USD that does all the accuonting, so if someone sends EUR it converts to USD. is this the same for Investin Pro ? Who controls the keys? How does the fund manager engage in trades without being able to just withdraw the moeny of investors?
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  • Questions for Interview With Joe Christian
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  • perp 60day_vol BTC-PERP $211,328,425,498 ETH-PERP $129,154,921,267 SOL-PERP $39,637,565,687 FTT-PERP $22,039,288,379 ADA-PERP $19,225,694,013 DOGE-PERP $14,885,745,842 XRP-PERP $12,833,452,864 AXS-PERP $12,652,916,489 AVAX-PERP $10,303,064,558
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  • Background The SPL governance program that Mango uses for its DAO, allows for vote delegation. This means users who deposit their MNGO tokens to the Governance realm can choose to delegate their tokens' votes on proposals to a given account. Whalepool Freedom Party will set up an account, seeded with 1 million MNGO tokens, which any member can delegate their votes to trustlessly. The votes delegated to not augment governance power (so the pooled tokens dont contribute to power to create proposal), but the 1 million MNGO in the account will reach the threshold for creating proposals, and as a party we will agree on what is worthy to create. Benefits Will have enough MNGO to create own proposals that the party decides for
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  • Bugs Transactions do not show a success message using Sollet.io wallet, they show error instead -- but it does work anyway... Update: confirmed on Phantom as well: When a transaction fails to show success, the UI will not update, requiring user to refresh to show that tokens are available or vote has been properly registered. It hangs as so: No way to "Return to Governance" (or main Realm) when in proposal page
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  • Tech improvements since last chat Websocket -- rate limits? latency? colocation? REST improvements -- much more readable, fuller functionality https://docs.coinflex.com/#change-log Normal Trading Products
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  • How does Solana reach consensus? Solana transactions currently cost 0.000005 SOL or about $0.0001 -- enough to be negligible. Who decides this fee? Do some transactions, like Ethereum smart contract ones, cost more due to larger size? What role does Proof of History play in Solana's network? Under what scenario would you imagine that there could be a contentious hard fork on Solana? How practical is it for Solana as a network to be forked where the network of validators and complexity of code may make it difficult to continue?
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  • Objectives To incentivise tight, fat liquidity in merp orderbooks Should not be gameable Implementation should not be technically overbearing Using MNGO tokens for the incentives High-level We take minutely orderbook snapshots of a merp contract, which captures all of the existing resting limit orders in the book.
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  • Choyna FUD questions Whats the deal with China banning mining? Is Huobi going out of business? Whats going no with OKEx? Other questions What are your thoughts on the environmental narrative, PoW vs PoS / Proof of disk space (chia)
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  • Idea Binance Futures account is currently funded with 100,000 USDT. This is the Whalepool Freedom Room community fund (or, Whalepool Freedom Fund -- WFF) that we want to grow as much as possible. The decisions of how this fund will trade are completely up to the community. Those who are actively involved and making trade recommendations and contributing to the debate/consensus over taking positions will share in the success (HUGE PARTY) of the community fund. A leaderboard will be drawn up of all the successful trades (with profit) of people who make suggestions. Risk Rules Only 5x isolated leverage positions allowed with max 10,000 USDT per position
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