My largest position now is Sui+stablecoin lending Sui+hedging This is not for short selling, but for storing Haedal LST. Based on the total number of addresses held, it is estimated that all addresses in the entire network can be ranked in the top ten I have been calling this Alpha since the second half of last year until today. I don't know if you have heard it The announcement of the Hae3 economic model this time means that TGE has dropped and is about to bear fruit You may rarely see me posting about grooming, because my expertise is specialized and my level is like an ant shaking a big tree compared to @ KuiGas @ Ice-Frog666666. As is well known, my major is in Sui, and I have a basic understanding of DeFi here Why do I heavily rely on HaedalProtocol? 1/Because the security of Sui Chain allows you to safely amplify money (it is difficult to sign attacks unless the private key is leaked) 2/LST is the most important and exclusive niche of any major public chain, almost none of them. Strong as ETH, after half a day of development, only one Lido has market share 3/It ranks among the top 5 in the Sui chain in terms of TVL and does not have TGE yet; 4/Sui Chain's passionate airdrop and eye-catching secondary trend tradition 5/Decentralized staking, 320000 coin holding addresses, 500000 stakers. Although I don't have as many in the top ten (compared to some BTC protocols), I don't have any under the table PY trading, and the TGE redemption pressure is low, making it easy to lose money What exactly is HAE3 from HAEDAL? Hae3 is essentially about making money regardless of the race track, combined with Haedal LST packaged into one product. There are mainly three things: HMM, HaeVault, and HaeDAO Traditionally, LST has been a very boring track, as it is a subsidiary of the public chain's dividend distribution system (reinvestment part), and the annualization of public chain staking is the upper limit of LST's own profits. This number has little appeal except for OG holders and institutional investors, which is one of the reasons why ETH's staking rate is so low (over 20% vs 50%+for ATOM). There are only two solutions: 1. Grab ratio from the ecological mutual aid disk: that is, sandwich clip attack, which changes the transaction order in a block to snatch transactions and cause losses to trading users. Especially BSC is the most serious, and SOL is also not uncommon This profit is high, but it will lead to increased costs and uncertainty for the entire chain. Due to the rampant use of clamps on BSC, many coins dare not be issued on it. After finally pushing the old man and the old woman to join the capital and sit in the capital together, if you come up with a clamp and lose 20%, it will be a waste to compare and calculate Sui officials are clearly against MEV, so SUI's MEV strategy SHIO can only do passive backrunning, which is to squeeze a sum of money in a block where a large order that will pull up or drop the price occurs, and use it for arbitrage. This yield is too low 2. Obtain DeFi returns from other trading streams: The usual approach is to find ways to provide high liquidity to LST and then generate additional transaction fees for this DEX trading pair. But this kind of profit efficiency is basically very low Haedal chose the second approach, but instead of passively doing dex LP, he chose to actively engage in arbitrage - the HMM algorithm HMM algorithm HMM is actually similar to the PMM of @ Breederdodo, which actively arbitrage to level the price difference. The principle is that DEX lags behind CEX in mainstream asset pricing, resulting in a price difference. By using a oracle to introduce CEX quotes, the price can lead other DEX. This will keep the price on the opposite side of the transaction advantageous, continuously attracting bot transactions initiated from the aggregator (the vast majority of transactions on the chain are of this type), thereby earning "impermanent returns". This model has a high utilization rate of funds and can generate considerable returns without a lot of TVL. It sounds simple, can't others imitate it? Yes, but this track is very vertical and the first mover advantage is very obvious. A few M TVLs can occupy the arbitrage space of Sui Chain's large trading pairs. Even if there are newcomers, the price of the roll is too high to make them profitable At present, this HMM does not require a TVL of $800000, and has accumulated $200 million in trading volume from various aggregators, earning $80000 with a yield of 10%. It has been running for less than two months. HaeVault Asset Management HaeVault is turning HMM, an automatic rebalancing algorithm, into a lazy asset management product. When you save money, he runs it for you, so you don't have to squat by the computer and calculate withdrawal pools in seconds like Meteora. Although I respect LP arm strategy, for me it's called cryptocurrency trading, not financial management Generally speaking, LP and Agreement 2/8 are split accounts HaeDAO The money earned from the agreement will be rolled into the national treasury, 50% will be used to increase APY for LST and help SUI achieve the Foundation's lock up rate KPI through dividend distribution, 10% will be given to Dev for In11, and 40% will be rolled to expand and strengthen the warehouse. The main currency of Haedal is used to determine liquidity allocation, reward allocation, etc. This is extremely important for many new SUI coins in the future, as they will become yellow without anyone helping to increase their volume. This is equivalent to having bribery value Now Haedal provides the highest LST APY across the entire network, and HMM is still useful Why create such a complex diagram? Although the final token economy model has not been released, the purpose is clear: -Figure Maximizing revenue: the industry's first LST+type PMM model is based on the SUI treasury bond bond interest rate+arbitrage margin with guaranteed revenue from drought and flood In addition, we need to consider revenue. This is already a time of learning, brother. The era of PPT is over -Tu Gao Control: Apart from providing some incentives to LP in the initial stage (now it is all funded by SUI Foundation), achieving a 3-5m TVL to fully occupy SUI's arbitrage space, and possible TGE airdrops, there is basically no emission demand. Story and Kaito have already explained that setting aside the fundamentals of the project, as long as you have high control, a contract, and a knowledgeable MM, in this version you are the king Write at the end OKX Wallet Cryptopedia event is still in its last week, so hurry up and do it if you haven't done it yet. Give money over with a clear sign