QTO is now Jupiter Verified
Quanto’s native token, $QTO, just leveled up on Solana’s top DEX aggregator @JupiterExchange.
Trade with capital efficiency on
IMF did a ton of volume on @quanto today and I was curious why
One guy dumping 100k set off a liquidation cascade that nuked IMF from 30M to 5M in an hour
Price went down so quickly the protocol couldn't liquidate IMF tokens at their loan values, so USDS lenders lost ~$600k.
never thought su zhu would become my favorite kol, but here we are

Founder @yqboom on @notthreadguy addressing the solution to the lack of capital efficiency and the sum of locked up liquidity in the space.
Millions of dollars worth of spot memecoin bags & NFTs just waiting to be used.
Going live here w/ the @fantasy_top_ and @QuantoTrade teams in little more than an hour
Big changes to both recently. Probably some alpha hidden inside
We had around 100k eth in summer 2019 with spot around $150, put 25k eth into edgeware lockdrop and 75k eth into grayscale ethe. Total the market put 1.4m eth into the edgeware lockdrop, the consensus trade given polychain backing of polkadot eco. Almost nobody put any eth into ethe bc ppl assumed there’d be no demand for an eth stock wrapper. 1yr later on unlock was around 300% premium on full size, while edgeware was nearly worthless.
Point being these closed end fund trades work when nobody is doing them and dont when everyone is doing them.