{"id":13443,"date":"2020-09-05T09:01:03","date_gmt":"2020-09-05T13:01:03","guid":{"rendered":"https:\/\/www.duck9.com\/?p=13443"},"modified":"2020-09-07T23:12:50","modified_gmt":"2020-09-08T03:12:50","slug":"illiquid-liquidity-a-short-story-long-sell","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/illiquid-liquidity-a-short-story-long-sell\/","title":{"rendered":"Illiquid Liquidity, a Short Story Long Sell"},"content":{"rendered":"<div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1282090933341900802\/ouyTVS6P_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\" data-unique-identifier=\"\"><\/td>\n<td><b>James Raynor (<a href=\"https:\/\/twitter.com\/jamesra74709682?s=11\">@JamesRa74709682<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/jamesra74709682\/status\/1302226393795878913?s=11\">9\/5\/20, 7:45 AM<\/a><\/div>\n<div><a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@spencernoon\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@spencernoon\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@spencernoon\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@SushiSwap\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@SushiSwap\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@SushiSwap\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> I really wonder how an anon dev with a copycat of YAM and an vague Idea of draining Uniswap gets listed on Binance 2 days after its birth.<\/p>\n<div>\n<div>\n<div>\n<div>\n<p>I dont think it was volume alone tho, IMO you need serious connections to pull this of.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div dir=\"ltr\" style=\"-webkit-text-size-adjust: auto\">\n<div dir=\"ltr\">\n<div dir=\"ltr\">Aug 20<\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1298209568032296965\/Y8n9tJHl_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\" data-unique-identifier=\"\"><\/td>\n<td><b>&#x1f363; SushiSwap | sushiswap.eth (<a href=\"https:\/\/twitter.com\/sushiswap?s=11\">@SushiSwap<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/sushiswap\/status\/1298674547860766726?s=11\">8\/26\/20, 12:31 PM<\/a><\/div>\n<div>1\/ Introducing&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23SushiSwap&#038;src=hash\">#SushiSwap<\/a>&#x1f363;, an evolution of&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23Uniswap&#038;src=hash\">#Uniswap<\/a>&nbsp;with&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%24SUSHI&#038;src=ctag\">$SUSHI<\/a>&nbsp;tokenomics. SushiSwap protocol better aligns incentives for network participants by introducing revenue-sharing &amp; network effects to the popular AMM model.<\/p>\n<div>\n<div>\n<div>\n<div>\n<div>\n<p><a href=\"https:\/\/t.co\/v94Yklot0b\">medium.com\/sushiswap\/the-\u00e2\u20ac\u00a6<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/09\/image0.jpeg\"><\/div>\n<table style=\"color: rgb(0, 0, 0); border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1300826845785415682\/Z2uwzyQq_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\" data-unique-identifier=\"\"><\/td>\n<td><b>Chef Nomi #SushiSwap (<a href=\"https:\/\/twitter.com\/nomichef?s=11\">@NomiChef<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/nomichef\/status\/1302214292792422401?s=11\">9\/5\/20, 6:57 AM<\/a><\/div>\n<div>I did the recent move because I care about the community. I&#8217;m taking IL for you. But all I received was blaming and FUDing.<\/p>\n<div>\n<div>\n<div>\n<div>\n<div>\n<p>Here&#8217;s what happened. The devshare part of me. I converted them to&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag\">$ETH<\/a>. I stop caring about price and I will focus on the technicality of the migration.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div dir=\"ltr\">\n<div style=\"-webkit-text-size-adjust: none\">\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1283004946661756928\/9qrH6CmV_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\" data-unique-identifier=\"\"><\/td>\n<td><b>Martin(a) Krung (<a href=\"https:\/\/twitter.com\/martinkrung?s=11\">@martinkrung<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/martinkrung\/status\/1298590288781467651?s=11\">8\/26\/20, 6:57 AM<\/a><\/div>\n<div>Liquidity on some liquidity dependent protocol has a market anomaly, because liquid liquidity has the same value as illiquid liquidity and this is a very powerful attack vector right now. In traditional finance illiquid liquidity is more valuable than liquid liquidity.<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div dir=\"ltr\">\n<div style=\"-webkit-text-size-adjust: none\"><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<div dir=\"ltr\" style=\"-webkit-text-size-adjust: auto\">Founder, exits&nbsp;<\/div>\n<div dir=\"ltr\" style=\"-webkit-text-size-adjust: auto\">The sushi is swapped.&nbsp;<\/div>\n<div dir=\"ltr\" style=\"-webkit-text-size-adjust: auto\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/09\/image2.jpeg\"><\/div>\n<div dir=\"ltr\" style=\"-webkit-text-size-adjust: auto\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1219463670431830019\/o63Gb8v6_normal.png\" style=\"width: 48px; height: 48px; padding-right: 8px\" data-unique-identifier=\"\"><\/td>\n<td><b>Spencer Noon (<a href=\"https:\/\/twitter.com\/spencernoon?s=11\">@spencernoon<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/spencernoon\/status\/1302220502728085504?s=11\">9\/5\/20, 7:22 AM<\/a><\/div>\n<div>BREAKING &#x1f6a8;&nbsp;<\/p>\n<div>\n<div>\n<div>\n<div>\n<div>\n<p>Anonymous founder of&nbsp;<a href=\"https:\/\/twitter.com\/%E2%80%AA@SushiSwap%E2%80%AC%E2%81%A9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@SushiSwap\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@SushiSwap\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a>&nbsp;sells all of his&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%24SUSHI&#038;src=ctag\">$SUSHI<\/a>&nbsp;&#x1f363;&nbsp;<\/p>\n<p>WHO COULD HAVE POSSIBLY PREDICTED THIS?!&nbsp;<a href=\"https:\/\/t.co\/cEje9335fZ\">pic.twitter.com\/cEje9335fZ<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div dir=\"ltr\" style=\"-webkit-text-size-adjust: auto\">\n<div style=\"-webkit-text-size-adjust: none\"><\/div>\n<\/div>\n<\/div>\n<div dir=\"ltr\">\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/span><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/09\/image1-1.jpeg\"><\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/09\/img_0499.jpg\" class=\"size-full wp-image-13450\" width=\"828\" height=\"952\" srcset=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/09\/img_0499.jpg 828w, https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/09\/img_0499-261x300.jpg 261w, https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/09\/img_0499-768x883.jpg 768w\" sizes=\"auto, (max-width: 828px) 100vw, 828px\" \/><\/p>\n<div>\n<div dir=\"ltr\">\n<div>\n<div>\n<div>\n<div>\n<div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>James Raynor (@JamesRa74709682) 9\/5\/20, 7:45 AM \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@spencernoon\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@SushiSwap\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 I really wonder how an anon dev with a copycat of YAM and an vague Idea of draining Uniswap gets listed on Binance 2 days after its birth. I dont think it was volume alone tho, IMO you need serious connections to pull this of. Aug 20 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-13443","post","type-post","status-publish","format-standard","hentry","category-deep-underground-cryptocurrency-knowledge-9"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=13443"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13443\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=13443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=13443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=13443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}