Bimoo

GM.

Good Algo Monday for everyone.

What are delta-hedged and gamma-hedged positions? These terms are used in option trading, but can be applied to some degree to other crypto trading as well (perps, staking, etc.)

Delta means you are neutral to the price movements of the underlying asset, e.g., ETH. Usually, this is done by having both long and short positions open at the same time. Typical is long spot ETH, short perps.

Gamma is neutral to the *speed* of the price movement of the underlying asset. Because for a delta neutral position, you need to constantly rebalance it (with a cost). If crypto price moves fast enough (volatility spike), you cannot rebalance your delta neutral fast enough and you get expose due to bad trade execution.

More here:

https://tradingstrategy.ai/glossary/delta-hedged

https://tradingstrategy.ai/glossary/gamma-hedged

/algo-trading

6196

Mikko

@moo·

Tyye engineering of Clipper, satellite send to Europa

https://youtu.be/SzKkBOUvsAY?si=P6P7I-VGi8ywjGK_

6196

Mikko

@moo·

Yann LeCuin, the pioneer of AI, on the current state of AI, and safety hysteria

https://archive.ph/ooEEY

6196

Mikko

@moo·

JavaScript is no longer a simple language

https://news.ycombinator.com/item?id=41803003

Also a lot of farts of past will haunt for the foreseeable future.

GM.

It's Friday.

TON has soon 100M holders, which is 100x of what Arbitrum ARB or Optimism OP have

More by David here https://www.linkedin.com/posts/david-a-shuttleworth_token-holder-distribution-of-ton-has-grown-activity-7249871142058885120-IDMr?utm_source=share&utm_medium=member_desktop

Uniswap launches Unichain.

An unexpected business move.

Whether this is good or bad to the ecosystem overall, remains to see. However for Uniswap its good business wise, as they get monopoly on transaction sequencing, revenue flow from gas fees and so on.

https://blog.uniswap.org/introducing-unichain

https://www.bitcoinlayers.org/

Is any of "Bitcoin layer 2" solutions real?

Uniswap v3 and Aave delta hedged strategy.

A post outlining an example trading strategy creating Uniswap V3 liquidity provision position which is delta hedged using Aave lending protocol.

https://medium.com/zelos-research/how-to-implement-uniswap-delta-neutral-strategy-with-lending-protocol-eee10371a77f

How can find Python source code of this study here:

https://github.com/Kokkomaki/ylebitcoincoverage/blob/main/README.md

HOW DO PUBLIC BROADCAST COMPANIES PERCEIVE BITCOIN?

Bitcoin reporting has gone from neutral to exclusive vilifying over the last decade.

A data mining study by Ville Kokkomaki based on Finnish Broadcasting Company news articles.

https://kokkomaki.com/2024/10/09/how-yle-portrays-bitcoin-in-news-articles/

TIL How holograms work

I kind of got the math in the uni, but this video is on another level of intuition.

https://youtu.be/EmKQsSDlaa4?si=VqBf3nSjBUWq64F6

Got from my brother who works in mining.

Summarises Web3 industry well.

Resurrecting MicroText, a C64 programming language lost in 1983

https://thenewstack.io/lost-1983-programming-language-resurrected-by-retro-compute-youtube-channel/

Looking to get started in algorithmic trading?

PyQuant offers free and paid online courses for Python and stock market algorithmic trading.

https://www.pyquantnews.com/getting-started-with-python-for-quant-finance

(not an affiliate, just like the project)

GM.

Happy Monday.

The best part of Monday is morning coffee.

/coffee

6196

Mikko